Word: bolsa
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Dates: during 1980-1989
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...guest of the Reclusorio Oriente jail in Mexico City, where he has been held without bail since Feb. 14 on charges that he traded in bogus government treasury certificates, as well as other allegations of securities fraud. Legorreta, chairman of the go-go brokerage firm Operadora de Bolsa, is the government's biggest catch in a long-awaited crackdown on irregularities in the Mexican stock exchange, La Bolsa...
...topsy-turvy Mexican market posted the world's fastest run-up during 1987, then began an even sharper tumble in early October of that year. In just 28 days, La Bolsa lost 74% of its value. The "crack," as Mexicans refer to it, wiped out tens of thousands of small investors, many of whom filed criminal complaints accusing their brokers of cheating them. The arrest of Legorreta, who had been considered immune partly because of his role as a fund raiser for Salinas, has proved popular among consumers, if not businessmen. Legorreta has denied any wrongdoing. "I am innocent...
...City harbors a Korean beauty parlor, a Chinese hardware store, a South Asian spice shop, a Chinese watch store and a Korean barber. At a high school on Chicago's Far North Side, algebra classes are conducted not only in English but in Spanish, Cantonese, Vietnamese and Assyrian. Along Bolsa Avenue in Santa Ana, Calif., virtually every sign for more than a mile is in Vietnamese: Vietnamese supermarkets, bookstores, pharmacies that deal in rare herbs. Ten years ago, nothing was there but warehouses and strawberry fields...
Despite all the troubles, a few signs are beginning to indicate that the economy may be starting to pick up. At the Bolsa, the Mexican stock exchange, the mood is improving. Analysts there lightly chide each other for being perhaps a little too apocalyptic. "Not all is lost," said one observer, "because of weak demand, lack of investments and sales." Mexican companies, he feels, will just have to learn to live without profits for a while. The Bolsa's stock index, which anticipated the crisis last year and sank to 450 points in August after hitting a high...