Word: venezuela
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Dates: during 1970-1979
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There are executives like the chairman of the executive committee of Alexander's department stores, the president of Exxon Venezuela, the chairman of the Merrill Lynch International Banking group, and even the general counsel to the United States Treasury. According to a recent survey which 687 members answered, there are 100 lawyers, almost all partners in firms; 92 doctors; 76 bankers or investors, and 14 writer or editors, with nine in the clergy and nine more unemployed or retired...
Spradley awoke the next day with a bullet in his back in a small hospital in Riohacha, Colombia. He explained to authorities that he and McLemore had been flying down to Venezuela to pick up oil-drilling bits. But they had had engine trouble near the Colombian coast and were forced to land on a makeshift runway. Then, claimed Spradley, he was set upon by Indians wearing loincloths. They shot him, robbed him and left him by the plane...
...escape, indeed, proved to be necessary, because some of the Indians had taken the check to a bank in Venezuela and found it to be worthless. Last week, the day after talking to McLemore on the phone, Everitt sent him a note: "If you want to get out of here alive, be ready to go at 5 o'clock." Everitt then sent word to the Indians that he would hand over $100,000 in ransom in return for McLemore. The Colombian army was alerted, and all parties proceeded to the rendezvous in the remote town of Maicao...
...rare event for South America, where today elected governments rule in only two of eleven nations, Venezuela and Colombia. Under the gaze of soldiers posted to ward off violence, 1.6 million Ecuadorians went to the polls last week for the first time in eleven years to select the leaders of their small (pop. 7.5 million) Andean country. Their choice for President: Jaime Roldós Aguilera, 38, a mild-mannered populist lawyer who won by a smashing 2-to-l ratio, despite a strong right-wing effort on behalf of his conservative opponent, former Quito Mayor Sixto...
Some cartel members, of course, really do need the money. States like Venezuela and Indonesia have launched crash development programs to provide for their large, poverty-blighted populations. From an initial surplus of $60 billion in 1974, which the cartel simply could not spend fast enough, OPEC'S ledgers have returned to close to balance for nearly all members. But there are major exceptions. Saudi Arabia, Kuwait and the smaller Persian Gulf sheikdoms still have large surpluses...