Word: bolivia
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Amid a torrent of abuse, the police whisked the head man, one "Professor" Arturo Rogelio Ferrari, and his students off to the station. It was quite a haul: two lawyers from Bolivia, a literature professor from Ecuador, a schoolteacher from Caracas, another from Panama, a tailor from Colombia, a seamstress from Peru, a mason frorrwltaly. All were following a six-month course that had started four months before. All lived in strict discipline. Reveille was at 6 a.m. to the strains of the Soviet Air Force march. The "students" studied Latin American politics and economics, the place of women...
...which stands to lose $12,000,000 a year in dollar earnings, or about 4% of all export income. Mexico also faces a loss of $12,000,000 in the year ahead, plans to minimize unemployment by giving smaller mines a break on apportionment of quotas within the country. Bolivia will lose $1,000,000, Australia $5,000,000. Some governments will have to cut back budgets to accommodate reduced revenues, may possibly slap on discriminatory quotas against U.S. goods in retaliation. But the State Department hopes the quotas will give an important push toward working out an international agreement...
RUSSIAN DUMPING has kicked the bottom out of free-world tin market. International Tin Council countered by buying tin at 91? a Ib. But council ran out of funds, and prices plunged from 91? to 80?, causing heavy losses to tin-producing Bolivia, Malaya, Africa...
...three nations most plainly in need of the kind of help the new bank can offer are Bolivia, Paraguay and Chile. But Bolivia's President Hernan Siles Zuazo has been backing a stern anti-inflation program with everything from hunger strikes to threats to resign, and there are hopeful signs of recovery. Paraguay's President Alfredo Stroessner, reinaugurated last week, has stabilized the currency, balanced the budget and held the rise in cost of living to a low (for Paraguay) 1% per month. And Chile's President Carlos Ibanez has sacrificed his personal popularity to back tough...
Chile's copper exports will be off some $225 million this year, pushing the country into an overall $95 million trade deficit. Bolivia, which gets about 80% of its export money from tungsten, lead, tin and zinc, whose prices are off as much as 30%, is in the same economic fix. So are such metal-producing African exporters as Rhodesia and the Belgian Congo, whose exports of nonferrous metals were hit by a 9% price decline in the first quarter of 1958 alone...