Word: marteli
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Dates: during 1980-1989
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...self-appointed death squads. One day last week a right-wing hit squad walked into a San Salvador restaurant at breakfast time and gunned down three young men. Another day, it was the left's turn. Members of the Ejército Popular de Liberación Faribundo Martí, the most active guerrilla group, executed 17 former members of the notorious paramilitary organization ORDEN in the village of San Francisco Morazán. Said a San Salvador journalist: "If you are not on the leftists' death list, you are surely on the rightists' list. There...
...trim that percentage further and stimulate more business competition, Martínez de Hoz has granted tax incentives to encourage foreign firms already in Argentina to expand their operations and new ones to set up plants. So far, the response has been positive. Ford plans to spend $160 million on expansion of its plant located in a suburb of the capital. Volkswagen intends to invest $100 million to expand the plant it bought from Chrysler. Martínez de Hoz also relaxed Argentina's ultranationalist laws banning foreign oil companies from participating in petroleum exploration. In response, foreign firms...
Runaway prices remain Martínez de Hoz's most pressing problem. Rents in Buenos Aires range from $1,500 to $6,000 for modern three-bedroom apartments. A new Brazilian-made Volkswagen fetches $16,000, and a Japanese color television set costs at least...
...willing to spend heavily on goods and services that they value highly either for their ego satisfaction or convenience, such as Gucci shoes or Cuisinarts. But on products that they do not value so much, buyers are cutting corners. The extreme example: the Mercedes owner who wears K Mart clothes. Says Norris: "The consumer would rather have some good life and some bad than no good life...
There are some clear signs of scrimping. Anything that smacks of more value is likely to catch buyers' eyes. Discount stores are even racking up sizable gains as department store profits decline. K Mart's business in the first quarter was up 14% while Sears' grew a meager 1.5%. Sales of so-called no-brand generic products, which can be substituted for their nationally advertised siblings but are packed in plain black-and-white packages, are also on the increase. The plain-marked product often sells for 30% to 50% less than the national brand, and some...