Word: argentina
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...national economy, his country may be on the verge of another financial collapse. After curbing inflation from a monthly rate of nearly 200% in July to 6.5% in November, Menem's program has hit several snags. Among them: the Peronist leader's failure to cut staff at any of Argentina's money-losing state enterprises and the resignations nearly three weeks ago of Central Bank President Egidio Ianella and Economy Minister Nestor Rapanelli and his deputy. The departures further weakened confidence in the economy. Argentina's currency, the austral, has plunged in value more than 50% against the U.S. dollar...
...mismatched prison inmates that became an Oscar-winning film, Manuel Puig portrayed how enforced intimacy can impel people to enter each other's psyches. Mystery of the Rose Bouquet, now at Los Angeles' Mark Taper Forum, explores the same phenomenon. This time the setting is a hospital in Argentina, and the characters who drift into each other's dreamscapes are women -- an old contrary patient, rich and autocratic (Anne Bancroft), and a middle-aged nurse whose outward cheer belies a lifetime of thwarted opportunity and scant satisfaction (Jane Alexander...
...meeting of the Society of Vertebrate Paleontologists in Austin, Sereno for the first time revealed details of the find, made last year by a joint U.S.-Argentine expedition. The dinosaur was named Herrerasaurus, after Victorino Herrera, the goat farmer who first led scientists to the area in northwestern Argentina where the bones were found. Smaller than Apatosaurus and less fearsome than Tyrannosaurus, this dinosaur flourished 230 million years ago during the unique period when most of the earth's landmasses were gathered into a single supercontinent, now called Pangea. Until the most recent find, only a smattering of Herrerasaurus bones...
...rapid economic growth offered the hope of broad-based prosperity. When the countries' heavy debt burdens triggered inflation and stagnation in the 1980s, most Latin American families began sliding rapidly into hardship. This year Mexico's annual inflation rate is running at 17% (down from 52% last year), Argentina's, 3,500% (up from 388%) and Brazil's, 1,600% (up from 934%). Perversely, the rich have helped perpetuate the economic malaise by such tactics as sending their money to safe havens abroad and dodging taxes that could help ease domestic deficits...
...economics wunderkind who was a tenured professor at 29 and has become a champion of debt relief for developing countries. He first gained renown for his advice to Bolivia, which slashed its inflation rate from more than 20,000% in 1985 to 15% today. When Sachs visited Argentina last June, talk-show hosts rushed to schedule interviews. In a single hectic week last month, Sachs was in Peru and Brazil and then jetted to Warsaw, where he advises the new government...