Word: ernesto
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...what is shaping up as a major political defeat for the Mexican government, TIME Mexico reporter Ron Buchanan says, President Ernesto Zedillo this afternoon called off his hunt forrebel Zapatista leadersin the southern Chiapas state and offered peace talks to their elusive leader, the mysterious Subcomandante Marcos. Hours earlier, the governor of troubled Chiapas resigned after two months in office, bowing to rebel calls for his resignation -- a move that Buchanan says is inconceivable without orders from Zedillo's highly-centralized national government. The president's about-face comes after an ill-fated weekend effort to hunt down Zapatista leaders...
...President Ernesto Zedillo Ponce de Leon still must reform the policies that caused the latest crisis--specifically, Mexico's reliance on foreign capital. Much of those funds fled in December when the government, unable to prop up the overvalued peso any longer, let the currency float. Now Zedillo is taking the politically risky steps of slashing government spending and jacking up interest rates to slow the economy and wean it from its dependence on ``hot money''--foreign investments in securities that can easily be dumped. Says Allen Sinai, the chief economist for Lehman Bros.: ``Mexico must swallow a recession...
Under heavy military guard, the first planeloads of Cuban refugees were forcibly returned from Panama to the U.S. Naval Base at Guantanamo Bay in Cuba. Last September President Ernesto Perez Balladares agreed to allow up to 10,000 boat people to stay in Panama at U.S. detention camps for a six-month period. Nearly 8,000 Cuban children and close relatives have since qualified to emigrate to the U.S., provided they have full financial sponsorship. To transfer the remaining refugees by the March 6 deadline, American forces will airlift out 500 people almost every...
...universal awareness of Mexico's political and economic drama. Unrestrained plundering and conspicuous political corruption can no longer be the order of the day. But aren't all of us Mexicans sadly united by mounting rage? The former President, Carlos Salinas de Gortari, and our new President, Ernesto Zedillo Ponce de Leon, owe every kind of satisfaction to our country. It is their national duty to face the people and make clear to Mexicans and the nations of the world why and how our country has fallen into crisis...
Mexican President Ernesto Zedillo this morning sent thousands of troops to southern Mexico's Chiapas state to flush out the Zapatista resistance. Unconfirmed reports gauged the force at 40,000 soldiers, a much larger military action than the government has so far been willing to undertake. Thursday, Zedillo reversed Mexico's policy of trying to make peace with the Zapatista National Liberation Army by promising to help the poor. Instead, he ordered the arrest of top guerrilla leaders after accusing them of "preparing new and great acts of violence, not only in Chiapas but in other parts of the country...