THE AMERICAS New Man in Caracas The U.S.'s $1.5 billion investments in Venezuela (oil, iron) are its largest and most strategically important in all Latin America. For the key post of ambassador in Caracas, President Truman last week nominated Fletcher Warren, 55, onetime ambassador to Nicaragua and Paraguay, who has served for the past year as director of the State Department's Office of South American Affairs. Like his predecessor, the veteran Norman Armour, Warren is a career diplomat and an old Latin America hand. He should be at home among the 30,000 Texans now living and working in oil-minded Venezuela....
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