CHILE: Back in Power

In a five-minute ceremony in Santiago's Congressional Hall of Honor last week, General Carlos Ibanez formally donned the broad red-white-&-blue presidential sash. Thus, 21 years after Chileans overthrew his dictatorship, the general returned to office as the republic's constitutional chief, chosen in a free and fair election.

In honor of the day, which was also his 75th birthday, the stern old soldier thawed a little and permitted his inflation-harried countrymen, many of whom had voted for him as an economic savior, to celebrate his return in a national fiesta. From suburbs and provinces they poured into the huge square...

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