Word: mexicanized
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Dates: during 1970-1979
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...Latin American-or indeed any-standards, the Mexican peso has been a remarkably stable currency. Since 1954 its exchange rate has not budged from 12.5 to the dollar. Mexicans were understandably astonished, therefore, when Treasury Minister Mario Ramon Beteta suddenly appeared on their TV screens last week to announce a change. From now on, he said, the peso would float freely-in other words, its value would be determined by supply and demand...
Bankers and businessmen were not overly surprised by the news. Rumors of a peso devaluation had been in the air for months, fueled by a huge Mexican trade deficit ($3.7 billion in 1975), stubborn 15%-a-year inflation and high foreign debt ($13 billion). A devaluation was also sought by tourist operators, whose business declined 4% in 1975, owing largely to price increases that had made once cheap Mexico City as costly for Americans as many European cities. Said President Luis Echeverría Alvarez: "In the end, there will be more jobs, more production, more exports and more tourism...
...Last week, as classes began, 18,000 fourth-to eighth-grade students were being bused, and some 5,000 secondary-school pupils had volunteered to be transferred to four "magnet" schools. The city's first desegregation plan, designed by a volunteer group of whites, blacks and Mexican Americans, resulted in no disruptions-the only snafus were some lost and late buses. Said Dallas School Superintendent Nolan Estes, who drove one of the buses himself: "We think we have a good plan, and we're doing everything we can to make it work...
Survive! is a quickie rip-off of a quickie ripoff. Exploiting the 1972 plane crash in the Andes in which 16 of the 45 Uruguayans aboard survived by eating the flesh of those who had died, a Mexican company brought out an instant tamale version of the saga. Allan Carr, 39, an epicene Hollywood talent manager and promoter, snapped up the film...
...mosquitoes and the fire ant. Taking a different approach, Entomologist William Bowers, of the New York State Agricultural Experiment Station, has isolated two substances from ageratum, a flowering plant, that interfere with an insect's production of juvenile hormones. When these antihormones are applied to immature cotton stainers and Mexican bean beetles, the insects grow into sterile adults. Colorado potato beetles treated with the chemical enter a hibernation from which they never emerge...