Word: hurtado
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...endless traffic snarl and dutifully stopping at every traffic light. Finally, about 30 minutes later, it would arrive at the massive and ornate National Palace. A short, handsome figure with graying hair at his temples would emerge: it was the new President of Mexico, Miguel de la Madrid Hurtado. Unlike his predecessor, José López Portillo, who commuted to the National Palace by flag-waving motorcade or helicopter, De la Madrid suffered the same delays and irritations as his fellow citizens...
...irate enemy of one of his clients. De la Madrid, his mother and only sister moved to Mexico City, where Miguel was a diligent student, working part-time as a bank's legal clerk to help support the family. De la Madrid now credits his mother Alicia Hurtado de la Madrid with having given him a strong, persevering character and an acute sense of responsibility. In 1957 he graduated from the law school of the National Autonomous University of Mexico, but his mind was on economics, not law. His thesis: The Economic Thought of the Mexican Constitution...
...tastefully decorated colonial house that served as his transition headquarters, Miguel de la Madrid Hurtado discussed the challenges of his presidency with TIME Mexico City Bureau Chief James Willwerth and Reporter Laura López. The new President was relaxed but forceful as he outlined the priorities for his six-year term: economic revival, the battle against corruption and close relations with the U.S. Excerpts from the interview...
...hardly the fiesta that Mexicans have come to expect when a new President takes office. Indeed, by past standards, last week's inauguration of Miguel de la Madrid Hurtado, 47, as Mexico's 21st President since the 1910 revolution was a distinctly low-budget affair. Gone were the sleek limousines that had carried dignitaries to past ceremonies, the flower petals carpeting the streets and the thousands of peasant farmers bused into the capital at public expense. Instead the guests pulled up in ordinary black sedans, the streets were strewn with confetti rather than flowers, and masses of campesinos...
...Once it becomes clear exactly how the food-export ban and currency controls will be enforced, business will settle down, although perhaps not thrive again. The underlying problem of the jittery Mexican peso, however, will probably remain unresolved until after Dec. 1 at least, when Miguel de la Madrid Hurtado takes over as Mexico's new President. That is a short time in the life of nations, but an eternity for beleaguered shopkeepers on both sides of the Border. -By Walter Isaacson. Reported by Sam Allis/El Paso and Cheryl Crooks/Calexico