Word: yanqui
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...unknown buyer has cornered a huge block of the stock. He turns out to be an ex-rabbinical student who ousts the old management and transforms the company into an empire of steers, root-beer stands and ice-cream parlors. South of the border, he speeds the replacement of Yanqui plantation superintendents with native managers and raises wages sharply. Peace, harmony and profit reign...
still cares about Latin America. But it was so hastily arranged that it was viewed by many diplomats as just another example of Yanqui paternalism...
...around the U.S. complain that the ITT affair has hurt them, too, because it has blackened the image of business in general and given fresh fuel to its increasingly vocal critics. In Latin America, the ITT case has given gleeful leftists the opportunity to aim their attacks on imperialistic Yanqui business against an identifiable company rather than a fuzzy abstraction...
This indictment too is already having wide impact. Even if the story is only partly true, it confirms the ugly suspicions in Latin America about a modern version of gunboat diplomacy, and about the Nixon Administration's intimacy with those old villains, Yanqui business and the "vested interests." ITT, meanwhile, is worried about the safety of its personnel in Latin America, where radicals like to take symbolic hostages...
Outside Income. "Our enemies are the national bourgeoisie and Yanqui imperialism," Toro announced to his "January 26th Compound," which is also known as the "Paradise Commune." Members adopted an eleven-point code of conduct. Among other things, it forbade fighting, wife-beating, card games and the "capitalist sin" of alcohol. Along with communal chores, members read from the writings of Mao Tse-tung, Fidel Castro and Che Guevara. At least half of Paradise's adults are unemployed, but leaders boasted that funds were coming in from bank robberies. As Toro said: "We do not promise...