Word: lima
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...revive Peru's disastrous economy with shock tactics. Last week Fujimori's two-week-old government unveiled an austerity plan that prompted protests and food riots. Overnight the price of gasoline jumped from 10 cents per gal. to more than $2, and food prices rose 300%. In Lima at least three people were killed by police and army troops, who were enforcing a state of emergency invoked two days before the measures were made public. The plan calls for taxes to be raised, import duties to be enforced and controls on currency exchange to be lifted...
...Lima went on a wild shopping spree last week as nervous consumers cleared store shelves of essential products like rice and oil in anticipation of shortages and steep price increases. The hoarding made an inauspicious start for President Alberto Fujimori, who began his five-year term last week without delivering an expected recovery plan to reduce rampant underemployment and curb the country's 3,000% 1989 inflation rate...
...unable to supply its own defense needs. Some contractors contend, for example, that the cuts could knock them out of certain lines of business by driving away their suppliers. In one case, the Pentagon would temporarily end production of tanks at General Dynamics factories in Warren, Mich., and Lima, Ohio, then resume work by the end of the decade to make a new . generation of tanks. But General Dynamics argues that about 15% of its 10,000 vendors in 48 states would probably go under in the meantime, while an additional 30% would be financially crippled. The firm also says...
...side from a noble warrior, but his family, like most of Peru's 80,000 Japanese immigrants, first lived in a dirt- floored adobe hovel after arriving from southern Japan in 1934. The second of five children, Alberto worked hard, went to college and eventually became rector of Lima's La Molina National University of Agriculture...
...came in 1985 when Alan Garcia Perez, then candidate for President, asked him for advice on rural matters. After the election, Fujimori became host of a state television talk show that had a wide audience in the countryside. This may help explain the unexpected following that Fujimori found outside Lima. In addition, he won the support of evangelicals. Although a Roman Catholic, like 94% of Peruvians, he enlisted evangelicals after founding his Cambio 90 (Change 90) party in October...