Word: menem
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...situation demanded strong words, and President Carlos Saul Menem did not shrink from using them. In his July 8 inaugural address, Menem urged his citizens to "Get up and walk!" Argentina, he declared, "is broken, devastated, razed. Inflation has reached chilling levels, but we aren't going to administer the decline. We will pulverize the crisis...
...surprised, if you're traveling outside the U.S. or Canada this week, to find TIME with a different cover than the one on this edition. The cover story elsewhere is about the crisis facing Carlos Saul Menem, the incoming President of Argentina, instead of the Pete Rose gambling scandal. The domestic story on gambling runs in a somewhat shorter form inside the other editions. These changes are only the most prominent features of the increasingly rich and specialized editing that TIME provides each week in 5.6 million copies circulated throughout countries around the world...
...following the lead of provincial leaders, also ordered the creation of hundreds of soup kitchens and the free distribution of food. Some measure of order was restored after four days, but many citizens were calling for Alfonsin, whose Radical Civic Union party was convincingly defeated by Peronist Carlos Saul Menem in May 14 elections, to step down before his term ends on Dec. 10. When the two men met last week, however, they apparently agreed that an early transition would suit neither one. Alfonsin wants a normal, democratic transfer of power -- Argentina's first since 1928 -- while Menem...
...Argentinians have turned their eyes to Menem. But since the President- elect has yet to define a concrete economic plan, the situation seems bound to deteriorate further. Even Argentina's generals, who have never been shy about staging coups before, appear reluctant to intervene for fear of saddling themselves with the blame for economic ruin. "We are in a process of decline," says Federico Zorraquin, president of the Banco Commercial del Norte. "No one knows where it will...