Word: venezuela
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Dates: during 1970-1979
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...sales: $2.2 billion) Ohio-based U.S. parent. Instead, the Niehous case brought a new dimension to the political kidnapings that have been plaguing businessmen, particularly in Latin America. Indeed, it led last week to a startlingly abrupt-and arbitrary-government takeover of Owens-Illinois' three glassmaking factories in Venezuela...
...complying with the third point, the company ran into trouble. The difficulty was a longstanding policy-apparently set by Venezuela's tough President Carlos Andres ("Cap") Perez-of not allowing guerrilla propaganda of any kind to appear in the local press. No Venezuelan newspaper would print the manifesto; even so, Owens-Illinois decided to ignore official warnings and run the manifesto in three renowned foreign dailies-the New York Times, the Times of London and Paris' Le Monde...
Acting as a continental godfather, the American military has equipped, trained and educated armies in Latin America whose exaggerated prestige and lack of legitimate purpose leads them to rebellion. And they have rebelled. With the Argentine coup of last month, there are now only two South American nations--Venezuela and Columbia--with nominally civilian governments. Allende's failure to appreciate the extent of this American influence, shaping the military's new role, was largely responsible for his downfall...
House Arrest. The coup left Venezuela and Colombia as the only sizable South American countries not ruled by military regimes, either leftist or rightist. The Argentine takeover was executed with clockwork precision, following a blueprint drawn up weeks earlier. As Mrs. Perón, 45, was being flown to comfortable house arrest in the country's scenic lake district, troops blocked the roads leading out of Buenos Aires and stationed guards at key factories and the headquarters of the leading labor unions and moved into the capital's street intersections. Meanwhile, a barrage of communiqués vested...
Yamani was hinting that the remaining 40% would be nationalized within a few months. Yet for all the pressures on the Saudis to move ahead, including 100% takeovers of Western oil consortiums in Iraq, Kuwait and, recently, Venezuela, negotiations faltered-and not only over the amount of compensation. For one thing, the assassination of King Faisal last year distracted attention from Aramco. Then too the companies themselves were unable to agree on some items because of their differing goals...