Word: argentina
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...wasn't always easy for Luis to stay attached to the game. At age ten he stopped playing, but when he moved to Mexico City four years later, he started again. A subsequent relocation to Buenos Aires, Argentina, in 1989 followed, but by then Luis was playing full-time...
...aerospace industry faced another problem. "Nobody in Latin America showed any interest in buying these jets," says Alexander Watson, Clinton's Assistant Secretary of State for Latin American affairs until last spring. Brazilian defense officials viewed expensive new F-16s and F/A-18s as a low priority. Argentina, which has been demilitarizing, was worried at the thought of the jets' being sold to its neighbor Chile. Buenos Aires would have to buy the same planes to keep up. Even Venezuela, the only country given a waiver of the Carter prohibition and allowed to buy 26 F-16s in 1982, parked many...
...Center of Research and Development. Today, he said, "that first era of reform is over. I don't see a single important reformer in Latin America." Not unlike the situation in India, the public sees few benefits from the impressive modernization in key countries like Mexico, Brazil and Argentina, as unemployment remains stubbornly high and real wages fall. Warned Rubio: "It's a pocketbook issue, and the pocketbook is getting emptier by the day." With the spirit of deregulation on the wane, the region is vulnerable to a renewed outbreak of what Rubio called "the Latin American disease, the tendency...
...Mexico, "the political situation is very delicate and the whole edifice is fragile," said Rubio, while Brazil's fortunes hinge on a proposed constitutional amendment to allow President Fernando Henrique Cardoso to run for a second consecutive term. Argentina faces a different kind of structural problem, Garten said: "They have a high-wage economy and 18% unemployment. The country is importing massive amounts of equipment to substitute for labor, but there's no scenario to retrain the workers. That's going to create real political tensions...
These harmonious conditions have made Wall Street the leader of a worldwide boom in stocks. With inflation falling globally, stock markets have recently hit new highs from Argentina to Taiwan. In Europe, where declining interest rates have helped raise stock prices, France, Germany, Switzerland and other countries have been on their own bull runs...