Word: returning
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Dates: during 1970-1970
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...officer explained it, "He is very straight, but also very hollow." He did manage to curb Argentina's dangerous inflation, which dropped from 26.7% in 1966 to 6.5% last year. He won the gratitude of foreign businessmen by allowing repatriation of profits and by inviting the return of foreign oil companies whose exploration contracts had been canceled by his civilian predecessor, President Arturo Umberto Illia...
...after the bloody labor rioting last year at the industrial city of Cordoba in which 22 persons were killed, Ongania's power began to crumble. While the country was beset by a wave of crime and violence and a gradual return of inflation, Ongania's only prescription was to tighten censorship and complain that Argentines suffered from "an excess of freedom." The final blow may well have been the loss of prestige that Ongania suffered by the kidnaping two weeks ago of a former President, Lieut. General Pedro Eugenio Aramburu, who ruled the country for 2½ years...
...junta has also stressed the need for free elections. But this will hardly happen soon. The generals' dilemma, like that of the government they ousted, is that one of the two most powerful groups in the country remains the Peronistas, who still agitate for the return of El Eider from exile in Madrid. The military may be afraid to risk holding elections until after the death of the ailing 74-year-old Peron...
Only two weeks after the kidnaping of General Aramburu in Argentina, West Germany's Ambassador to Brazil, Ehrenfried von Holleben, was seized by terrorists in Rio de Janeiro. The Brazilian government, which had released 15 political prisoners in return for the life of U.S. Ambassador C. Burke El-brick last September, agreed to release 40 prisoners for Von Holleben...
Like most monarchs, the florid, silver-haired financier was born to rule. His was a celebrated family of bankers who built their capital by lending money to promising ventures and taking ownership interests in return. By the time Richard came of age, his family had dominant holdings in the Mellon National Bank, Gulf, Alcoa, Koppers and Carborundum. Richard, who became head of the family in 1934, later added First Boston Corp. and General Reinsurance Corp. Minority interests gave the Mellons a resonant voice in just about every Pittsburgh-based company except U.S. Steel. The family's policy...