Word: yanquis
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Dates: during 1970-1979
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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...
...calories. United Brands earlier this year opened a 9,000-acre banana plantation in the Philippines with an eye to the Asian market. Company executives are also negotiating with a number of Eastern European governments in the hope of getting them to consider Chiquita bananas not a symbol of Yanqui imperialism but a part of Communist diets...
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...