Word: venezuelanizing
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Dates: during 1960-1969
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...artist, who was born Marisol Escobar in Paris 36 years ago, of Venezuelan parents, studied in New York under the noted abstract expressionist, Hans Hofmann. Her much-sought-after work is in several U.S. museums, including Manhattan's Modern Art and the Whitney. She usually works more slowly than she did on her TIME commission, will spend as much as three months on a single piece in the company of her cairn terrier, Trolli...
...Like Venezuelan Sculptress Marisol, whose primitive cubical, often satirical sculptures are a rage in pop circles, Botero depicts gentle impossibilities. He balloons his figures to look like anthropomorphic Latin American pottery. His subjects turn into jugs with ears, stylized piñatas bursting with human presence. With forceful immediacy, as if cartooning from a reproduction of a Renaissance fresco, his simplified images reflect the innocent expressionism of old Spanish colonial art and the sunlit geometries of its architecture...
...Washington, with the departure of Nicole Alphand, party-giving wife of the former French ambassador, the Spanish and Venezuelan embassies have become the chic places to go, and Latin fare has leaped into prominence. The favorites: esponjoso, a rich, caramel-covered confection that delighted Lady Bird when she sampled it at the Venezuelan embassy, and pisio, a Spanish vegetable concoction similar to the French ratatouille...
More for Less. The oil companies are trapped between Venezuela's desire to raise prices and the U.S. Government's determination to keep them down. Oilmen argue that if prices go up, the major customers for Venezuelan fuel oil-mainly power utilities and other industries of the U.S. East Coast-will shift to coal or atomic energy. But, says Manuel Perez Guerrero, Venezuela's skeptical Minister of Mines: "That's something that the companies will have to prove." Anyway, the Venezuelans seem willing to sell less oil for more money. In the Organization of Petroleum Exporting...
While the foreign oilmen in Venezuela can retaliate by reducing their capital investments at Maracaibo, the Venezuelans appear to have the stronger hand. They know that the companies cannot quickly drum up great supplies of fuel oil from other countries. And they hold in reserve the threat of hitting the companies with further back-tax bills, which could amount to as much as $500 million for 1961-65. Chances are that the oil companies will fight the case through the Venezuelan courts, and then come to a compromise calling for somewhat lower profits and higher prices...