Word: mexicanization
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...Mexican stock market remains calm...
...Anglo" is a ethnic-specific term referring only to people of English descent. It excludes people of Irish, Italian, German, Greek, and other European ancestries. Indiscriminately calling white Americans "Anglo" is equivalent to calling all Latino "Mexican" or all Asian-Americans "Chinese." No one would question that such labels would be inaccurate and inadequate, and perhaps even racist...
Salinas also halted trading on the Mexican stock exchange and closed banks for a day, hoping to restore investors' confidence. Washington offered a $6 billion line of credit to support the peso. "Fundamentally," Bill Clinton said, "I think they are in sound shape." When Mexico City's market reopened Friday, the stock index -- which has been volatile all year -- initially plunged 100 points but recovered to a loss of less than 1%. "We'll see several weeks of turbulence," predicts Ernesto Cervera, an analyst at a Mexico City consulting firm. Some experts say the market may be unsettled until...
...Mexican Candidate Killed...
Luis Donaldo Colosio, who was widely expected to win the Mexican presidency in August elections, was shot and killed while campaigning in Tijuana. Police arrested a suspect at the scene, who later confessed; the assassination was apparently not linked to the peasant uprising in Chiapas state that began in January. Ernesto Zedillo, Colosio's campaign manager, is now considered one of the leading contenders to replace Colosio as the candidate of the ruling Institutional Revolutionary Party (P.R.I.), as is the P.R.I. chief, Fernando Ortiz Arana...