Word: mexicanization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Murder, kidnaping, hired guns, fraud, embezzlement, rake-offs, power struggles-sounds like gangland crime, Chicago-style. But according to accounts of a current union scandal, those are also the standard ingredients of the oil business, Mexican-style. The sordid revelations are the latest, and most titillating, evidence of the widespread corruption that flourished under President Miguel de la Madrid Hurtado's predecessor, José López Portillo. Last week Senator Ramón Martínez Martín, a former leader of the teachers' union, called for a complete investigation of the allegations of wrongdoing...
...looming Third World debt--estimated at more than half a trillion dollars--has dominated recent discussions of development issues. As well as intimidating the IMF, awareness of the debt has also cramped U.S. foreign aid and cooperation among European nations. Last year's nationalization of Mexican banks dramatized just how much many foreign governments depend on Northern banks, as Mexico appeared to slam the brakes on its economic growth program simply to appease the directors of Citibank and Chase Manhattan...
Fearful of another Mexican scenario, the banking community has begun to press for the collecton of overdue loans throughout the Third World. Although many banks have refinanced old debts (sometimes at exorbitant new rates), new lending has disappeared almost entirely while foreign aid from the U.S. and Europe has dropped sharply. The motives are clear for such backing off; because most nations cannot repay loans written before the inflationary explosion of the mid-70s, bodies like the IMF have lost confidence in older development strategies and retreated to a policy of withdrawal...
...right back with 28 pages of tart countersuit. Kathleen, he charged, had refused to bear children ("Children have always enslaved women") and had even suggested an operation which, as the N.Y. Daily News gleefully phrased it, would have made him "forever sterile." And anyway, he added, neither of their Mexican divorces was legal, and so he figures that he is still the lawful wedded husband...
DIED. Francisco ("Kiko") Bejines, 20, Mexican bantamweight boxer; from head injuries suffered in a World Boxing Council title bout with Alberto Davila on Sept. 1; in Los Angeles. After undergoing 3½ hours of surgery to remove a section of his frontal lobe, the boxer lingered comatose for two more days; his was the 437th boxing death recorded by Ring magazine over the past 64 years. Bejines' wife, pregnant with the couple's first child, remained in their home town of Guadalajara, Mexico...