Word: garcias
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...Alan Garcia has never shied away from controversy. Two years ago, the Peruvian President stood up against international bankers and defiantly proclaimed that his country would limit payments on its $14.3 billion foreign debt to 10% of Peru's export earnings. Last week he dropped another economic bombshell. During a traditional Independence Day speech to the Congress, Garcia said that in order to halt the growing flight of capital from Peru -- an exodus depriving the country of much needed funds for investment -- he intends to nationalize all banks and insurance companies and shut down private currency- exchange houses. Furthermore, selling...
...source of Peru's financial crisis is its faltering economy. Peruvians, who have watched their savings being ravaged by a 100% annual inflation rate, have been rushing to exchange their own currency, the Inti, for U.S. dollars that can be invested abroad. Under Garcia's new edict, the nationalized financial institutions will monitor and control all dollar sales, with the aim of keeping what remains of Peru's capital at home...
STAFF WRITERS: Gordon Bock, Janice Castro, Edward W. Desmond, Philip Elmer- DeWitt, Guy D. Garcia, Lloyd Garrison, Richard Lacayo, Jacob V. Lamar Jr., Michael D. Lemonick, Barbara Rudolph, Michael S. Serrill, Jill Smolowe, Wayne Svoboda, Susan Tifft, Amy Wilentz...
...Dolan, Lee Griggs, Harry Kelly, J. Madeleine Nash, Elizabeth Taylor Detroit: B. Russell Leavitt Atlanta: Joseph J. Kane, Don Winbush Houston: Richard Woodbury Miami: Marcia Gauger Los Angeles: Dan Goodgame, Jonathan Beaty, Elaine Dutka, Jon D. Hull, Michael Riley, James Willwerth, Denise Worrell San Francisco: Paul A. Witteman, Cristina Garcia...
...never felt like I was imposing when I'd hang over the dugout for and autograph. After one game at Fenway about six years ago I stopped Damaso Garcia as he walked out of the parking lot. "You don't want my autograph--I'm not on the Red Sox," he said. "Yes I do," I said, "because you're Damaso Garcia, the second baseman for the Blue Jays." He smiled, and signed...