"Prepare yourself for the worst," warned Rio's O Globo the evening Brazil heard about the new war in Korea. In Santiago, the dollar sagged from 109 to 81 pesos in brisk free-market trading. Crowds gathered quickly to read news bulletins in Mexico City's Bucareli Street, radio stations increased their newscasts. "The measures which the great nations now take," said Bogota's El Tiempo, "will affect all of us. We enter into a grave period."
At week's end, U.S. Assistant Secretary of State Edward G. Miller arranged a half-hour meeting in Washington at which 20 Latin American ambassadors were briefed on the...
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