Word: mexicanization
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Dates: during 1990-1999
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...your report on Citibank's close relationship with Raul Salinas, brother of former Mexican President Carlos Salinas [BUSINESS, Dec. 14], there were a few points I did not understand. You said Raul Salinas' wife, using an alias, carried cashier's checks to Citibank Mexico City. Since these were for very large sums of money, I should think someone in Citibank's private-banking unit would have asked immediately about the origin of that money. Further, you noted that once Citibank had the funds, "no documents linked that money to Salinas." That shows an extraordinary amount of trust on Salinas' part...
This is sweet: the FDA has okayed an all-natural progesterone derived from Mexican yams for use, along with estrogen, in hormone-replacement therapy. Called Prometrium, it's identical to progesterone in a woman's body. As a side benefit, it raises good cholesterol more effectively than today's synthetic progesterones...
...with nutty ideas, not grapple with serious issues"--he is truly obsessed with global warming, which this year's brutal Southwestern drought brought a bit too close to home. "Why am I living in a world where I walk onto my porch on a summer afternoon and smell the Mexican jungle on fire?" he asks, um, heatedly. "I mean, that's it--you can't talk me down from that! I'm going to kick and fuss for the next 20 years...
Salinas, the once high-living brother of disgraced former Mexican President Carlos Salinas, has been jailed in Mexico since 1995 on charges of illegal enrichment and murder conspiracy. He denies all the charges, and the murder case is now under way in Mexico City...
...problem for Amy Elliott at Citibank was not so much what she did but whom she did it for--at least in the view of the Mexican authorities who have brought criminal charges against Raul Salinas. In addition to getting Salinas Broadway theater tickets and managing his portfolio, she employed sophisticated asset-concealment techniques on his behalf. These techniques are used quite legally by wealthy individuals--say, a surgeon who wants to secure her life savings from potential malpractice suits or an estranged husband. Elliott was helping Salinas conceal his large transfers out of the country ostensibly because...