Word: hidalgos
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After delivering a short campaign speech in the central plaza of Dolores Hidalgo (pop. 85,000), Cuauthemoc Cardenas walked to the museum honoring the local priest who in 1810 issued the call to arms that sparked Mexico's wars of independence. Adjusting his glasses and removing a pen from the pocket of his tailored white shirt, the left's candidate in next week's presidential elections hovered over the visitors' book. "I pay homage to Don Miguel Hidalgo," he wrote. "His sacrifice inspires us to take up once again the struggle for our independence and freedom...
...polls, De la Madrid may declare a partial moratorium on Mexico's foreign debt. This would serve to undermine the left, allow De la Madrid to leave office drenched in public applause, and give Salinas the funds to prime a stagnant economy. Yet just as the Spanish defeat of Hidalgo's revolt against the crown only postponed Mexican independence, such fiscal populism might only delay a more fundamental political reckoning...
...Navy was not eager to pay the $843 million extra charge, but General Dynamics threatened to halt production of the submarines if the Pentagon refused to absorb the overrun. Company documents reveal that Lewis told Assistant Navy Secretary Edward Hidalgo that "it might well become necessary to close down those operations at Electric Boat relating to the 688 program." Charges Veliotis: "General Dynamics was prepared to hold the nation's vital submarine program hostage in order to squeeze more money out of the Government...
Rather than call the company's bluff, Hidalgo and Navy Secretary W. Graham Claytor tried to negotiate an agreement. The Navy even invited General Dynamics' help in persuading Congress to authorize funds for the overruns. In June 1978 the two sides made a deal. In the largest settlement of its kind in Navy history, the Pentagon agreed to swallow $484 million of the company's $843 million claim. Veliotis recalls that it was a "wonderful deal" for General Dynamics. Says he: "The Navy gave us the money up front for overruns we had yet to incur...
...Hidalgo became Secretary of the Navy in 1979 and left the Pentagon when the Carter Administration departed in 1981. Within eleven months he was hired as an outside consultant for General Dynamics. Veliotis says that the company never specifically offered Hidalgo a reward for helping get it a good overrun settlement. But Veliotis contends there was an unspoken understanding that General Dynamics would take care of the Secretary in the future. Responds Hidalgo: "If anyone says that, I would call him a confounded and blasphemous liar...