Word: madrid
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...dollar, a sharp signal of plummeting confidence in the country at home and abroad. Foreign banks have balked at extending new loans to keep the economy afloat. To make matters worse, with national elections 18 months away, the scramble to succeed President Miguel de la Madrid threatens to paralyze his government until a new President is chosen...
Edward P. Seaga '52, prime minister of Jamaica and Benazir Bhutto '73, a top opposition leader in Pakistan, are graduates of the College. And Mexico's President Miguel de la Madrid-Hurtado and Greece's Prime Minister Andreas G. Papandreou earned masters at Harvard...
Three of the people working most closely on solving the Mexican debt crisis are Harvard graduates--President Madrid, Carlos Salinas de Gortari, Mexico's minister of budget and planning, and Elliott Abrams '69, United States assistant secretary of state for inter-American affairs...
...signs of Spain's new international standing are abundant. Along the stately, tree-lined Paseo de la Castellana, a boulevard that runs through Madrid's main business district, a rush by foreign banks and other multinational companies to rent or buy scarce office space has helped raise real estate prices 20% over the past year. U.S., European and Japanese businessmen throng Spanish golf courses and savor Madrid's night life...
...support his life-style. His twelve estates around the world include a 180,000-acre ranch in Kenya and a $30 million apartment that takes up two entire floors of a luxury building on Manhattan's Fifth Avenue. He has homes in Marbella, Paris, Cannes, the Canary Islands, Madrid, Rome, Beirut, Riyadh, Jidda and Monte Carlo. His 282- ft. yacht Nabila (complete with helicopter) makes Queen Elizabeth's Britannia look like a package-tour ship. His fleet includes three commercial- size jets, twelve stretch Mercedes limousines, a total of 100 vehicles and a stable of Arabian horses...