Word: leone
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Mexico's economy was proceeding smoothly, guided by former President Carlos Salinas de Gortari, when the country collided with the insurgency of its campesinos and, like the Titanic, began to sink [Mexico, Jan. 9]. New President Ernesto Zedillo Ponce de Leon has inherited a sinking ship, and he is not sure what steps to take to keep Mexico afloat. Foreigners like to invest in a country where there are prospects of a good return and the political scene is calm and controlled. But at the first sign of civil unrest, the investments will stop and moneys will be pulled...
...opposed every moderate effort in the last Congress. I can only wonder now if he actually believes in his own promises, or will he reverse course yet again?" Whose fault was the 100-minute pastiche? Apparently, Clinton winged it.TIME White House correspondent James Carneynotes that Chief of Staff Leon Panetta promised just hours before Clinton's delivery that the speech would run just 40 minutes...
CONTRIBUTORS: Bonnie Angelo, Laurence I. Barrett, Jesse Birnbaum, Nina Burleigh, Jay Cocks, Barbara Ehrenreich, John Elson, Pico Iyer, Edward L. Jamieson (Consulting Editor), Leon Jaroff, Gregory Jaynes, Michael Kinsley, Charles Krauthammer, John Rothchild, Richard Schickel, Walter Shapiro, R.Z. Sheppard, John Skow, Martha Smilgis, Mark Alan Stamaty, Richard Stengel, Andrew Tobias, Claudia Wallis, Michael Walsh, Robert Wright...
...Ortiz Martinez undertook the unenviable task of charming, consoling and begging the forgiveness of three American credit-rating agencies, the heads of a dozen U.S. commercial banks and 400 investors and analysts who lost nearly $10 billion last month when Mexico's newly minted President, Ernesto Zedillo Ponce de Leon, abruptly allowed the peso to float against the dollar. To the investors, whose stampede to pull their money out of Mexican stocks and bonds stripped the peso of 41% of its value, Ortiz's message was, Come back, the government has an economic plan to deal with the crisis...
CONTRIBUTORS: Bonnie Angelo, Laurence I. Barrett, Jesse Birnbaum, Nina Burleigh, Jay Cocks, Barbara Ehrenreich, John Elson, Pico Iyer, Edward L. Jamieson (Consulting Editor), Leon Jaroff, Gregory Jaynes, Michael Kinsley, Charles Krauthammer, John Rothchild, Richard Schickel, Walter Shapiro, R.Z. Sheppard, John Skow, Martha Smilgis, Mark Alan Stamaty, Richard Stengel, Andrew Tobias, Claudia Wallis, Michael Walsh, Robert Wright...