Word: venezuelan
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Dates: during 1950-1959
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...Venezuelan Dictator-President Marcos Pérez Jiménez scrambled desperately to snatch back some of his waning authority and prestige. Last week he broke up a new plot masterminded by his longtime chief of staff. General Rómulo Fernández. 45, and hustled the general off to exile. At the same time, he partially reversed the humiliating Cabinet shuffle forced on him when his fortunes were at low ebb a fortnight ago (TIME...
...year-old onetime plumber's helper, to Italy's midget-car giant, Fiat. It was Innocenti's second big challenge to Fiat. The first he won handily. He maneuvered Fiat out of its share of a joint Fiat-Innocenti contract to build a $342 million Venezuelan mine-to-mill steel complex on the Orinoco River to exploit a nearby mountain of high-grade (up to 60%) ore. Innocenti left Italy a year ago, planned to spend a few days looking into the Venezuelan prospects. The more he looked the better he liked what he saw; after five...
...Venezuelan official dropped by a small automobile-body shop outside Manhattan one morning last week to inspect a package for home: a $9,000 midnight-blue 1957 Cadillac, equipped with $21,000 worth of special accessories for President Marcos Perez Jimenez. At the push of a button, the 'two leather-upholstered chairs buzz back into a lounging position. In the rear of the front seat are a 17-inch television set, a high-fidelity tape recorder, and a small bar (four glasses, two bottles). A telephone system will permit the President to talk to his aide up front without...
...Indiana Standard Oil, Ohio Standard) for sizable boosts in their import quotas. Navy Captain Matthew V. Carson Jr., administrator of the program, also turned down Eastern States Petroleum Co. and Sinclair Oil Co., even though Sinclair argues that it will mean costly cutbacks in its ambitious plans to sell Venezuelan crude...
...renewed to 1966. To fuel his fleet of more than 40 ships, which he sails with low-cost West Indian crews under the Liberian flag, Ludwig is building a 70,000-bbl.-a-day day refinery in Panama, also has a 1,000,000-acre Venezuelan ranch whose 10,000 head of cattle may soon supply his ships with meat...