Word: latinized
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Dates: during 1980-1989
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...outline of the White House position drew cautious praise last week from U.S. bankers, who have $230 billion at risk in Latin America alone. Said Lawrence Brainard, senior vice president of Manhattan's Bankers Trust: "What we expect from Baker is a totally new approach. The U.S. must assume leadership to avoid being overtaken by the crisis." Added Princeton University Economist Peter Kenen: "Baker has learned very quickly what the international realities are. He is going about this in a sensible way." Even so, some bankers feared that the debtors might be allowed too much freedom, which could encourage them...
...millions of Latin American families, the cutbacks have eroded an already humble standard of living. Since July, when two of Luis Contreras' daughters lost their meat-packing jobs near Buenos Aires, the family of seven has barely scraped by. Says Contreras, who earns $190 a month as a traffic-department worker: "We're eating, but that's about it. Thank God none of us needs medical care...
During the past month, Latin American leaders have gone on a lectern- pounding campaign for concessions from their lenders. Brazilian President Jose Sarney, among others, took the appeal to the U.N. General Assembly. Declared Sarney: "Brazil will not pay its foreign debt with recession, not with unemployment, nor with hunger." Peru's President Alan Garcia Perez, whose country owes $14 billion, has threatened to pull out of the IMF unless the agency gives his country more breathing room. Mexico's President Miguel de la Madrid Hurtado took a similar, if less militant, stand. Even before the deadly earthquake hit last...
...helter-skelter pattern of devastation left the city studded with contrasts. The capital's tallest buildings, the Pemex Tower (46 stories) and the Latin American Tower (43 stories), both designed to sway flexibly during an earthquake, were untouched. Less than two miles away, between 50 and 60 employees of the TV network Televisa died when their five-story office building collapsed. About half a mile from that calamity, the nine-story Mexican Insurance Co. building was shattered. Next door, office workers lunched calmly last week at the unmarred Great Wall Chinese restaurant...
...Artists United Against Apartheid, as many as 49 performers sing on Sun City, whose title evokes a Vegas-style entertainment complex stuck improbably in a South African "homeland." Jazz (Miles Davis) is on the record. So is folk (Jackson Browne, Raitt), Latin (Ruben Blades) and reggae (Jimmy Cliff), along with the royalty of rock, both domestic (Daryl Hall) and imported (Pete Townshend, Ringo Starr). Van Zandt's original concept for a single and a dance remix has become a mini-LP of material. Among the tracks: a coruscating jazz version of Sun City by Davis, Keyboardist Herbie Hancock, Bass Player...