Word: pez
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...mines to sell control of their properties to Mexican interests within the next 25 years. Such moves help explain why new U.S. investment in Mexico was only $11 million in 1960 v. $14 million in 1959 and a whopping $80 million in 1957. Mexican President Adolfo López Mateos added to the unrest last summer when he publicly described his regime as "extreme left." Within the next few months three U.S. food-processing firms put on ice their plans to establish Mexican plants...
Though it grows increasingly conservative with the years, Mexico's one-party government still calls itself revolutionary and acts the part by occasional nationalization of foreign private enterprise. Last week President Adolfo López Mateos was onstage in full revolutionary uniform as a $26 million plan to buy out 365 of Mexico's leading cinemas went into effect. The intention: to clip the wings of the theater owner, U.S. Citizen William O. Jenkins, 82, a mysterious buccaneer-businessman who has built the biggest personal fortune in Mexico, a money pile estimated anywhere from $200 million...
Mexico. President Adolfo López Mateos, frightened by the support for Castro shown by Mexico's old national hero, ex-President Lázaro Cárdenas, has been jailing leftists without trial. In less stable countries, such highhandedness could lead to rebellion, but López Mateos is still backed by the all-powerful Revolutionary Institution Party and a growing anti-revolutionary middle class...
Noisy Abroad. What Castro does get is assistance in his propaganda war against "Yankee imperialism." In Washington last year, President López Mateos called the Cuban revolution nationalist nonCommunist. Eight months later, when Cuba's touring puppet President turned up in Mexico after having been rebuffed en route by Argentina's President Frondizi and Venezuela's Betancourt, López Mateos went down to the airport, gave him a warm abrazo and a warm word: "We are linked to Cuba by similar aspirations for justice." At the Organization of American States' San José meeting...
...disillusioned still fled. Among them: Rufo López Fresquet, Castro's first Finance Minister; Julio Duarte Ruiz, president of the General Accounts Tribunal; Enrique Menocal, secretary of the Sugar Institute; seven Cuban seamen who jumped ship in the Panama Canal Zone; five Dominican exiles who tried to row their way to freedom in Florida...