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...Duhalde, says a senior State Department official, is "We'll have to wait and see." But Argentina bears close attention. For one thing, its very governability is at stake. Before Christmas, riots provoked by cuts in social spending and limits on bank withdrawals brought down the government of President Fernando de la Rua and left 28 dead. Argentina then engaged in the politics of a comic opera, with three men holding the title of head of state in less than two weeks, before Duhalde was sworn...

Author: /time Magazine | Title: How Argentina Blew Its Big Chance | 1/14/2002 | See Source »

...deepening financial crisis, Argentines finally had had enough. Thousands poured out into the streets of every major city in the country last week, looting stores and supermarkets. Angry demonstrators in Buenos Aires surrounded the Presidential Palace and clashed with police in bloody skirmishes. In all, 27 people died. President Fernando de la Rua tried to hang on, but four days after the riots began, he resigned...

Author: /time Magazine | Title: Time To Cry For Argentina? | 12/31/2001 | See Source »

...ARGENTINA Down and Out Overwhelmed by a 43-month recession, an economy contracting at 11% a month, 19% unemployment and a public debt of $132 billion, the government of President Fernando de la Rúa collapsed. At least 27 people died in street violence as police fired on rioters protesting new austerity measures. Economy Minister Domingo Cavallo, who also resigned, was largely blamed for the inept handling of the financial crisis, which has left Argentina on the brink of the biggest debt default in history. Congress' Peronist majority chose Adolfo Rodr?guez Saá to serve as President until...

Author: /time Magazine | Title: World Watch | 12/31/2001 | See Source »

...ethnic vote proved critical for both candidates; Green, who squeaked by popular Bronx Borough President Fernando Ferrer in a bitter primary contest, was depending heavily on the city's black Democrats to keep his bid alive. Latinos, on the other hand, seemed more inclined to vote for Bloomberg, if only to signal their disgust for Ferrer's erstwhile competition...

Author: /time Magazine | Title: Election 2001: Finally, it's Bloomberg | 11/7/2001 | See Source »

...Wednesday morning, mayor-elect Bloomberg took to the streets to thank his supporters and joined Fernando Ferrer for breakfast in the Bronx. Obviously exhausted by Tuesday's late-night dramatics, Bloomberg was nonetheless in a voluble mood. On his way to another post-election meeting, the businessman stopped to remind reporters of a campaign promise he intends to keep: He will accept only $1 of the mayor's annual $195,000 salary...

Author: /time Magazine | Title: Election 2001: Finally, it's Bloomberg | 11/7/2001 | See Source »

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