Word: chiles
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...anxious to widen his slim popular margin. Last April his Popular Unity coalition of Socialists, Communists and Radicals collected an impressive 50.8% of the vote in nationwide municipal elections, and he seemed well on the way. But last week, in a by-election in one of the largest of Chile's 29 congressional districts, Chile's Marxist President suffered an embarrassing setback...
...uncompounded interest. But Congress, narrowly controlled by the opposition, called for "no more" than 30 annual installments and "no less" than 3% interest, which leaves ample room for bitter dickering between government and the companies. The negotiations could very well send the cool relations between the U.S. and Chile to the freezing point...
...Jockeying. There is already considerable disagreement over the value of the copper properties in Chile. The three companies claim that they have invested more than $1 billion; the government-controlled Chilean State Copper Corp. has set the figure at $724 million; and Allende, probably with tongue in cheek, puts it at $80 million. Obviously, some jockeying for good bargaining positions is under...
...Kennecott had done everything possible to damage the economy of the nation. Nonetheless, most observers believe that Allende is too pragmatic to risk the kind of bitterness that could follow if the companies are denied fair compensation, and will finally consent to a settlement approaching $1 billion. Only recently Chile negotiated agreements with four U.S. companies on terms that proved much more favorable than had been anticipated...
...Preventive Revolution. Despite these changes, fewer of the rich have fled from Peru than from Chile, in part because they recognize that the junta, which has not used violent tactics, is engineering what might be termed a "preventive revolution" rather than a complete upheaval. "With the junta, I lose half of my fortune," explains an aristocrat. "With a more radical revolution, I might lose my entire fortune and my neck as well...