Word: venezuelan
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...mend his ways, Haiti's intransigent tyrant was still showing a preference for his own gang instead of the army. The army's chief of staff, General Jean-René Boucicaut, worried for his own safety, fled with his wife and children to asylum in the Venezuelan embassy. Swearing in a replacement, his fifth army boss in as many years, "Papa Doc," as Duvalier likes to be called, blandly announced that the 44-year-old Boucicaut had reached "the age of retirement...
Last year when the deficit-ridden Venezuelan government slapped on tight new import curbs to protect its dwindling supply of dollars, the prospects for many a foreign firm doing business in Venezuela looked bleak indeed. The industrial giants with major markets in Venezuela could vault the new import wall easily enough by building Venezuelan plants-as Ford Motor Co. and several others have already done. But for foreign firms whose Venezuelan sales were too small to support a separate factory, another export market seemed about to go glimmering...
Today, thanks to an enterprising Venezuelan firm called INSA (for Industrias Integradas), a clutch of U.S. companies have found a way to outflank the new restrictions-a way that is not only legal but encouraged by the Venezuelan government. In a sprawling, $3.6 million plant now under construction at Valencia in Venezuela's industrial "Golden Triangle," INSA plans to manufacture a dozen different products under license from nine U.S. firms ranging from Rhode Island's Fram Corp. (oil, gas and air filters) to RCA Whirlpool (refrigerators, washing machines and gas ranges). The U.S. firms will get royalties...
Export-Import Bank has lent it $1.5 million, and the Venezuelan government (which stands to save $3.3 million a year in foreign exchange through INSA's operations...
...dramatically emptied the contents of a briefcase at his feet. The President's guard, ever on the alert, quickly drew his sword, but all that he saw was a half-dozen grey mice scampering for safety. It turned out that the intruder was a Venezuelan artist who has a passion for mice, paints pictures of them again and again, and thinks that the Biennale neglects them shamefully. The Biennale-the world's biggest and flashiest art show-managed to open just the same...