Word: madrid
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Dates: during 1980-1989
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Even though presidential elections will not be held until July 1982, the name of the President-to-be had just been made known. He is Miguel de la Madrid Hurtado, 46, the government's Secretary of Programming and Budget. His selection by the country's monolithic Institutional Revolutionary Party (P.R.I.) had been announced a month sooner than expected by the incumbent, President Jose Lopez Portillo...
...Madrid still must run for the job, but it is a foregone conclusion that he will succeed; the P.R.I, has held a monopoly on political power in Mexico for 52 years. The real surprise was the stepped-up scheduling for Lopez Portillo's announcement, which may mean that the patrician author-statesman has come to realize that he is in deep political trouble. Despite a booming economy and 72 billion bbl. of proven oil reserves, Mexico has been spending money so fast that the country faces a balance of payments deficit of as much as $.10 billion this year...
...both economic and diplomatic terms, De la Madrid is an almost ideal antidote to Lopez Portillo's problems...
Every six years, the PRI's presidential candidate is handpicked by his predecessor before a meaningless election. This year's choice, Programming and Budget Minister Miguel de la Madrid, is a Kennedy School-educated, free-market conservative who says he favors closer cooperation with the United States. He will work to attract foreign investment and to increase the production of luxury goods. Though de la Madrid and his party can be praised for giving Mexico a half century of "stability" while much of Latin America has been engulfed in turmoil, it is this same party that has tolerated the existence...
...June, Picasso's lawyer and heirs agreed that Spain was now sufficiently democratic to meet his wishes. Under tight security, the painting was transferred from New York's Museum of Modern Art, where it had hung since 1939, to Madrid's Prado Museum. Ironically, one of the 20th century's most passionate protests against violence will have to be protected by special bulletproof glass. Guernica will be formally unveiled on Oct. 25, the centenary of Picasso's birth...