Word: costa
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...TIME, touched down in Mexico City a year ago. Since then he has spent most of his time shuttling around Central America's capitals. Moody reported much of this week's main story, wrote the one-page description of life in war-weary El Salvador and conducted interviews with Costa Rican President Oscar Arias Sanchez, author of the peace plan and winner last month of the Nobel Peace Prize, and with Nicaraguan President Daniel Ortega Saavedra. Said Moody: "Getting in to see the top people makes a major difference in a reporter's ability to understand a complicated story...
...shift by emphasizing that his proposal does not extend to political negotiations. Cease-fire talks, he said, will "unmask those who say they want peace but in reality want war." The concessions coincided with the first deadline of the peace plan championed by President Oscar Arias Sanchez of Costa Rica and signed last August by five Central American Presidents. While the Reagan Administration countered Ortega's offer with a call for direct talks, contra leaders hailed the announcement as a "triumph for the resistance." After listening to Ortega's speech on radio in Costa Rica, they urged that Miguel Cardinal...
Already the Nicaraguan government has rolled back some of its reforms. Two weeks ago a popular visitation program with Costa Rica was suspended after 1,200 Nicaraguans failed to come back. (Last week Honduras suspended a similar program with Nicaragua but offered no explanation.) The Sandinistas then canceled scheduled talks with Miskito Indian rebels from eastern Nicaragua and confiscated opposition posters. Last week Ortega called off the Sandinistas' unilateral cease-fires in four war zones, plainly hoping to appease hard- liners within his own government, who oppose even indirect talks with the rebels. "The contras did not respect that cease...
...bureaucracy grows only more cumbersome. Nicaraguans complain about having to be screened by their local Sandinista defense committee before they can even apply for a driver's license or passport. "We need a visa to leave the country," says Maria Fernandez Bermudez, on the way to visit relatives in Costa Rica. "And then we need permission to return again. Imagine having to get a visa to return to your own country...
Many stockbrokers are nervous for another reason: the wrath of their clients. "I want to strangle my broker," says Manhattan Insurance Agent Matthew Costa. "I wanted to sell everything on the Friday before the crash, but she told me I had good stocks and should hold on. Now she keeps giving me excuses why she can't meet me for a few days." While Costa's threat was figurative, customer anger seemed all too real last week after an investor who lost nearly his entire multimillion-dollar portfolio walked into a Merrill Lynch outlet in Miami with a .357 magnum...