Word: classes
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Dates: during 1970-1979
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When the poor and middle class do it they are chiseling and cheating...
Meanwhile, the hacendados (estate owners), who once were undisputed masters of million-acre game preserves and cattle ranches, have been displaced from the top of the social pyramid by a new elite of rich cosmopolitan entrepreneurs and a growing middle class. Mexico City's Bernardo Quintana, for example, built the capital's famous subway system and now handles construction projects all over Latin America. Another highly successful family is that of Garza Sadas of Monterrey, whose investments in tourism and Grupo Industrial Alfa, an industrial conglomerate, are estimated to be worth $1 billion...
...P.R.I.'s middle-class supporters, who saw their savings and life-styles threatened. Mexico's support for a 1976 U.N. resolution equating Zionism with racism provoked a short-lived boycott of Mexican resorts by American Jewish tourists, thereby staggering an industry that is the nation's largest employer (460,000 jobs). Echeverria's unpopularity had its impact on the election of his successor. In an expression of discontent with the P.R.I., voters ignored the party's customary flamboyant campaign; only 50% of them bothered to cast their ballots...
...answer is yes. It would be a hell of an investment for someone. Sure, the balance sheet does not look good, but I am a great believer that if you buy a company, you buy its management and its future. And our management and our future products are Class A. Would we talk? Sure we would. Everybody's welcome. Why hasn't anybody asked? You never do anything until the smoke clears. The first thing we have to show them is that we know how to stop the losses...
...Class Reunion. Jaffe...