Word: menem
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Dates: during 2000-2009
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...after an agreement between the oil workers' union and the rigs' owners, U.S.-based Transocean company. Hostage taking is not uncommon in the Southern Niger Delta, where much of the population remains extremely poor despite the country's vast petroleum resources. Race to the Finish argentina Presidential hopefuls Carlos Menem and Nestor Kirchner kicked off their campaigns for the May 18 runoff after leading the first round of voting with 24% and 22% of the vote, respectively. Both Menem, a proponent of the free market, and the center-left Kirchner are members of the divided ruling Peronist Party. Menem...
...Carlos Menem wasn't President when Argentina's finances collapsed in December 2001 and the country defaulted on its $147 billion foreign debt. But he was President from 1989 to 1999--a decade of economic growth but also of government profligacy and breakneck privatization that displaced tens of thousands of workers and produced corruption scandals. One of them got Menem placed under house arrest in 2001 for his alleged involvement in an illegal $100 million arms sale. (The charges against him were later dropped.) As a result, surveys show that most Argentines blame Menem for their deep economic depression, which...
...those same polls show that Menem, 72, of the Peronist Party, is the surprising front runner in this Sunday's presidential election. Although his numbers are relatively small--18.3% vs. 16.8% for his closest competitor, Santa Cruz Governor Nestor Kirchner, another Peronist--half of those polled say they think Menem will win. As bad as Menem may have been as President, say Argentine pundits, his successors (incredibly, there have been five since the 2001 crash) created an even bigger mess, and jaded Argentines have apparently decided that Menem is as good as their politicians will ever get. Menem...
...Carlos Menem wasn't President when Argentina's finances collapsed in December 2001 and the country defaulted on its $147 billion foreign debt. But he was President from 1989 to 1999 - a decade of economic growth but also of government profligacy and breakneck privatization that displaced tens of thousands of workers and produced corruption scandals. One of them got Menem placed under house arrest in 2001 for his alleged involvement in an illegal $100 million arms sale. (The charges against him were later dropped.) As a result, surveys show that most Argentines blame Menem for their deep economic depression, which...
...successors (incredibly, there have been five since the 2001 crash) created an even bigger mess, and jaded Argentines have apparently decided that Menem is as good as their politicians will ever get. Menem, one of the first President Bush's favorite Latin American leaders, has a more positive spin. "I left a functioning, growing economy," he insisted to Time. "Our current crisis simply makes people remember how good things were when I was President." And as if to highlight his revived potency, the sports-car enthusiast announced last week that he and his wife, Chilean TV celebrity Cecilia Bolocco...