Word: mexicans
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Dates: during 1980-1989
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...private activities. Where López Portillo was an outgoing sportsman and ban vivant, De la Madrid prefers recreations like reading at home in his library or in the garden (among his favorite authors: Hermann Hesse, Morris West and Mexico's Carlos Fuentes), listening to music (Mozart and Mexican romantics like Agustin Lara), or playing dominoes. Every two or three weeks he travels to his family's country home where he enjoys swimming, badminton and walking. He keeps in shape by doing calisthenics every day; he also jogs. He admits to a mild passion for soccer, but rarely...
...writings are infinitely drier and more technical. Sample titles: Studies on Constitutional Law; Today's Great National Problems, The Challenge of the Future. Nonetheless, those who know the new President well say that he is also suave, self-assured and possesses a warm sense of humor. Says a Mexican banker: "He is soft in form but hard in substance. I've never heard him raise his voice, but he can be very tough." Says one of De la Madrid's advisers: "He is an orderly man. He is meticulous...
...result, Mexicans began to lose confidence in their currency, rushing to buy dollars and thus undermining the peso. But López Portillo would not devalue the peso-a humiliating gesture, in his eyes-until it was too late. By February, when he finally allowed the Mexican currency to decline in value from 25 a dollar to 50, huge amounts of private money had been taken out of the country. In a final attempt to salvage the situation, not to mention his reputation, López Portillo nationalized Mexico's 57 private banks last September, blaming them...
...fair," explains a P.R.I, 'politician. "We cannot have fat-cat officials taking advantage of these conditions to feather their own nests." De la Madrid has also made clear that he will do as much as possible to protect government programs that aid the peasantry, the poorest element of Mexican society...
...want changes, [but] not in the fundamental principles of our system. I have summarized those principles in seven fundamental themes. One general theme is revolutionary nationalism, and the others are integral democracy, egalitarian society, moral renovation, decentralization of national life, all this through a system of democratic planning. The Mexican people want changes within a process of deliberate planning. They want a change of style. One other theme that is important: development, employment and combating inflation. What concerns the people of Mexico most right now is our financial and economic crisis...