Word: latinization
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Dates: during 1980-1989
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...financial system, yet the lack of supervision is producing a large shadow economy. The IRS estimates that tax cheats skim as much as $50 billion a year from legitimate cash-generating businesses and launder the money to avoid detection. Banking experts calculate that the private citizens of debt-choked Latin American countries have smuggled more than $200 billion of their savings abroad in the past decade...
...brings jobs and income. South Florida's 100 international banks employ 3,500 workers and pump $800 million into the local economy. Even more appealing is the inflow of foreign capital. During the spend-and-borrow era of the 1980s, the gusher of flight capital into the U.S. from Latin America helped finance America's deficits. As in Hollywood, not many politicians were concerned about where the money was coming from. Alarmed by the tide, House Democrat John Bryant of Texas has long pushed for legislation to require disclosure of the identity of foreign investors. But for years, the Reagan...
...have a little repression on the way to free markets," a process he called "perestroika without glasnost." But Grunwald doubted even that would have the desired result. He pointed out that while some Asian economies -- Taiwan's and South Korea's, for example -- flourished under authoritarian regimes, much of Latin America's had not. Said he: "There must be a degree of democracy and freedom for people to do their best, to take chances...
...Salvador, public sentiment had begun to swing to the rightist government under Alfredo Cristiani. Many saw the offensive, which killed hundreds of civilians and rebels, as a last-ditch effort to provoke outrages by a government closely identified in the past with the severest death squads in Latin America...
...Harvard, the two priests worked with the CFIA and the Harvard-based Latin American Scholarship Program of American Universities (LASPAU...