Word: mexicanization
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Dates: during 1990-1999
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...Federation go free, like the other pieces of the Soviet Empire. But the U.S. and West European governments acknowledged without question Russia's right to hold the country together. Analogies are never exact, but the rough equivalent of siding with the Chechens would be defending the right of heavily Mexican areas of South Texas or the Basque region of northern Spain to declare themselves independent nations...
...anybody who travels widely in America will attest, there are deep pockets of obesity, especially in rural areas and among certain racial and ethnic groups. The CDC study found that the prevalence of obesity was nearly 50% for black and Mexican-American women -- compared with 33.5% for white women. In some Native American communities, up to 70% of adults are dangerously overweight...
...space of 12 hours last Thursday, Mexican Finance Minister Guillermo Ortiz Martinez undertook the unenviable task of charming, consoling and begging the forgiveness of three American credit-rating agencies, the heads of a dozen U.S. commercial banks and 400 investors and analysts who lost nearly $10 billion last month when Mexico's newly minted President, Ernesto Zedillo Ponce de Leon, abruptly allowed the peso to float against the dollar. To the investors, whose stampede to pull their money out of Mexican stocks and bonds stripped the peso of 41% of its value, Ortiz's message was, Come back, the government...
...plunge in the peso has caused much panic, both within the Mexican government and among outside investors. President Zedillo has released a plan which he hopes will keep inflation at around 15 percent in the short term and have growth at around 1.5 to two percent. This is quite a bit different from the four percent inflation and four percent growth that had been predicted a month ago, before the devaluation. In addition, he hopes to cut government spending by about 1.3 percent. More ominously, though, nearly $8 billion in foreign investment has fled the country since the drop. This...
...what Perot saw as an evil plan to suck away American jobs seems to have the Mexican government scared--and rightly so. Yet the result is quite different from Perot's original prediction. Perot had pictured a secret, planned devaluation, not an occurance which is clearly a function of the market. In fact, the sucking sound he envisioned has yet to materialize...