Word: yanqui
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...previous student disorder, called in Guardsmen and police from surrounding areas. Soon 2,260 troops, plus cops and sheriff's deputies, patrolled the town and campus. Berkeley began to look like an occupied city, with Army Jeeps and trucks clogging the streets, helicopters patrolling the skies and "Yanqui go home" scrawled on walls. Protest marches of up to 4,000, though illegal under the emergency edict, became a daily occurrence. Late last week, Guardsmen surrounded and arrested 482 marchers in the downtown area. They were held in $800 bail each, in an attempt to break the back...
Formidable Dollars. If there is not, by a deadline that is now set at Aug. 6 (at which time the Ministry of Energy and Mines must have acted on the IPC appeal), the U.S. may go ahead and invoke the amendment. At the present time, though, the Yanqui dollar has begun to look like a more formidable weapon. U.S. banks normally underpin Peruvian industry and trade with about $150 million in loans; these funds have been reduced sharply since the expropriation arguments began. Another potential $700 million in U.S. private investment in Peru, mostly in copper mining, is being held...
Mercado meant his voice to carry, and it did. Washington is dismayed these days by the fact that once friendly, conservative military men like those in the Peruvian junta have become as vociferously anti-Yanqui as the left-wingers who spat at and stoned Richard Nixon a decade ago when he visited South America as Vice President. Peru's rulers have seized a U.S. oil subsidiary called International Petroleum Co., and refuse even to discuss reparations with parent Standard Oil of New Jersey. Indeed, the Peruvians claim that I.P.C. owes them another $17 million. Two weeks ago a perennial...
...well mount if he persists in his intention to keep the country under military rule for at least ten years. Peruvian Strongman Velasco has so far won wide popular support by expropriating some American oil interests that Peruvian leftists long have considered to be a prime symbol of Yanqui economic imperialism...
Peruvians continued to be rankled because the Yanqui company owned the fields instead of merely operating them under a government concession. In his 1963 presidential campaign, Belaúnde promised to expropriate the fields but backed down after his victory. A year ago, his government began claiming that IPC owed $144 million in back taxes, the total amount of profits that the company earned in Peru during the previous 15 years. Then the two sides struck the August compromise: Peru would take ownership of the fields, but IPC would help operate them under contract. Simultaneously, the government scrubbed...