Word: latinized
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Dates: during 1980-1989
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...power for Japan and the gang of four, based on continued success as exporters of manufactures, and continuing slow growth and rising unemployment in most of Western Europe. It would also include the prospect of continuing deterioration of economic performance in most of Africa, and of slow growth in Latin America, as these countries maintain their anti-competitive policies such as overvalued exchange rates and low to negative domestic interest rates...
...wholly owned by GM, the company will have its own network of dealers, its own labor contract with the United Auto Workers, its own factory, engineering and design staffs, and even its own president. He is Joseph J. Sanchez, 54, a former Oldsmobile division boss and head of GM Latin American subsidiaries. Sanchez will operate much like the chief executive of a totally new and independent company. Said Smith: "We are not going to handicap him with a lot of preordained rules." Freed from the heavy, established GM structure, Saturn's managers are supposed to move swiftly on several fronts...
Regan has been impressing superiors for close to four decades. Son of a Boston railway employee, he attended the city's prestigious Cambridge Latin School and Harvard College. After dropping out of Harvard Law School to join the Marine Corps, he saw action in four South Pacific campaigns in World War II, rising to the rank of lieutenant colonel. He joined Merrill Lynch, then as now the nation's largest brokerage house, as a 27-year-old trainee in 1946; by 35 he had become the youngest partner in the firm's history. The fact that Regan's uncle...
Unlike in other parts of Latin America, however, the recourse to violence has not been taken frequently. The last time was in 1968, when, a few months before the Mexico City Olympics, more than 100 students were killed when security forces opened fire at a rally in the capital...
...Riding should have stuck with the warning of his penultimate chapter. It is a timely point: Given the Reagan Administration's fear of a wave of leftist takeovers in Central America, it's important to underscore that Mexico faces the same problems which launched authoritarianism in other relatively advanced Latin American nations. With the rest of the region enjoying a democratic renaissance, Washington should be concerned about a potential dictatorship next door--and respond with something more constructive than crude intervention or sheer indifference...