Word: mexicanized
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Dates: during 1970-1979
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...trade deficit has been growing steadily and now stands at $3.2 billion. Despite this, López Portillo has not gone abegging to the Oval Office, although he would like adjustments in a trade relationship that heavily favors the U.S. In fact, he preceded his visit with a generous Mexican offer to the U.S. PEMEX, the national oil company, has begun shipping 2.4 billion cu. ft. of natural gas to the fuel-starved U.S. through pipeline connections at Nuevo Laredo, Reynosa and Matamoros; the gas will have a price tag of more than $5 million. And with Florida...
...Carter and López Portillo must deal. To begin with, there is the drug problem. Mexico has become the principal supplier to U.S. users of marijuana and heroin. López Portillo has ordered his army to destroy the crops (see box). The crackdown has also filled some Mexican jails with U.S. citizens who were caught with drugs in their possession; about 590 are currently serving prison terms. Sensitive to complaints about jail conditions, the Mexican government has agreed with the U.S. to exchange prisoners. The Mexican legislature has already ratified the agreement, and it now awaits action...
...round up tens of thousands of illegals and send them home again. López Portillo has devised a two-pronged solution to the problem: the U.S. should relax its immigration rules to help this safety valve on Mexico's chronic unemployment, and should encourage American investment in Mexican industry, thereby providing more jobs...
...dollar income and on the U.S. to provide 90% of the visitors to such established resorts as Acapulco and Mazatlan as well as the new playgrounds at Cancun on the Caribbean and Ixtapa on the Pacific. The devalued and floating peso has reduced the price of a Mexican vacation by at least one-third, but the laggard tourist trade has not picked up as expected. For a decade before 1975, tourism had been rising at the rate of 14% a year until it reached $1.2 billion; in 1975 it fell by 7%, and last year it declined again...
...tourism, however, came in 1975, with former President Luis Echeverria's decision to align Mexico with those countries in the U.N. that voted to equate Zionism with racism. The vote was no sooner recorded than U.S. Jews rushed out to their travel agents to cancel their reservations for Mexican vacations. The tourist business has yet to recover from that devastating period. López Portillo cannot erase his country's vote in the U.N., but he is doing his utmost to convince foreigners of all persuasions that Mexico is once again, as a new slogan declares, "the amigo...