Word: argentinas
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After eight years of disastrous and sometimes murderous rule by the military, Argentina had officially returned to democracy. That was reason enough for celebration. But the smashing victory by Alfonsin and his centrist Radical Civic Union party in elections six weeks ago amounted to a stinging repudiation of the once dominant Peronist party. Peronism's authoritarianism, irresponsible economic programs and obsessive devotion to the memory of its founder, the late dictator Juan Perdn, had exhausted the Argentines' patience. Now, in a remarkable display of confidence, they have pinned their hopes on Alfonsin. In a poll published...
Alfonsin will need all the support he can muster to extricate Argentina from its political and economic quagmire. On the eve of the inauguration, after 2½ years of self-imposed exile in Spain, where she had fled following a ruinous term as President, Juan Perón's widow Isabel flew into Buenos Aires as Alfonsin's guest at the ceremony. Whether Isabelita plans to lead a regrouping of the ragged Peronist ranks is unclear, but if she assumes a major role in the party, it could spark bitter feuding between her supporters and foes...
Last week, in a development that could help mollify the military, the U.S. certified that Argentina had shown improvement in dealing with human rights, citing the elections and a virtual end to the "disappearances." The certification lifts an arms-sale ban that dates back to 1978. However, Alfonsin has sought to down-play the shift, noting that his plans to cut the military budget will leave no room for additional arms purchases. Britain, which had opposed certification following its war with Argentina over the Falkland Islands, reacted with restraint to the decision. Prime Minister Margaret Thatcher even sent Alfonsin...
...while at home Argentines luffer under triple-digit inflation and 15% unemployment. The new government's economic plans are a closely guarded secret, but initial measures are expected to include price controls and selective cuts in spending. Alfonsin's ability to restore a semblance of order to Argentina's tattered economy may be the most imporant barometer of his success...
...during the first nine months of this year compared with the same period in 1982, American steel companies are again demanding trade protection. Says U.S. Steel Chairman David Roderick: "Importation has reached dangerous levels." Last month U.S. Steel filed complaints with the Commerce Department against Brazil, Mexico and Argentina, asking Washington to slap tariffs on imports from those countries. According to U.S. Steel, government-subsidized industries are selling shipments in the U.S. at below their cost of production. Earlier this year the Commerce Department found that Brazil was selling wire rod at discounts...