Word: costa
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WHEN PRESIDENT REAGAN arrived in Brazil yesterday at the start of a five-day trip to Latin America, he found a country in dire economic straits. Each subsequent stop during the journey--in Colombia. Costa Rica, and Honduras--will present Reagan with a similarly gloomy picture. The central dilemma for all of these countries is the same--they depend on exports to the United States and other developed nations for economic solvency. But the industrialized world, in the midst of a recession, cannot continue to gobble up Latin American goods and spit out cash or other products in return. Instead...
...quick rundown of the situation lends itself to pessimism. Brazil has a foreign debt of about $70 billion and an inflation rate approaching 100 percent. Colombia and Costa Rica are barely surviving the sharp drop in world coffee prices, their principal export. And Honduras has the distinction of being the second poorest Latin American nation after Haiti...
...That program had a handful of promising long-range features designed to shore up Latin American economies. For example, most basin exports to the U.S. were to be duty-free, technology transfers were to increase and Washington was going to help bail out financially strapped countries like Honduras and Costa Rica with additional non-military aid. But most of these measures have bogged down in Congress, where senators and representatives give what gifts they can to constituents, not foreigners. The White House itself, in setting up new tariffs on subsidized goods, has gone against the spirit of the Basin Plan...
...reach high--straight to the top, the untouchable dons of the Families. Other Italian officials had tried this sort of thing before: Cesare Terranova, a local magistrate, killed in 1970, Pio La Torre, Secretary of the Communist Party, dispatched in 1980, and the Procurator of the Republic, Gaetano Costa, slain in the same year. Dalla Chiesa stood next in the line of fire, as the only symbolic figure with the guts and skills to take on the Mafia. On September 2, he received the dossiers of several well--placed targets on his list of mobsters. The next...
...President will visit Costa Rica, Brazil and Colombia in the next five days, and face an array of economic and political problems that in many ways characterize overall U.S. Latin American relations. Both Brazil and Costa Rica owe huge debts to American bankers and the U.S. dominated International Monetary Fund. The need for American economic support will probably ensure at least one warm welcome for Reagan; as Business week has noted, "Costa Rica...guarantees Reagan a friendly reception because President Luis Monge knows that U.S. backing is the only thing standing between his country and financial default...