Word: mexico
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Dates: during 1990-1999
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Though the Treasury Secretary is supposed to manage the American economy, Bob Rubin has discovered that a big part of the job comes down to managing the economies of nations overseas. After taking a shellacking from Congress in 1995 for successfully bailing out Mexico with $20 billion in taxpayer-backed loans, Rubin was hardly eager to get out front in the Asian economic crunch. As the liquidity crisis swept across Southeast Asia last summer, Rubin and other U.S. officials urged the International Monetary Fund to take the lead. Washington did not regard the Thai or Malaysian economy as vital...
...poverty-plagued southern state of Chiapas is Mexico's perennial reality check. Every time the country takes a step forward, something awful seems to happen there to remind Mexicans of their nagging social troubles. Just before Christmas, it was the massacre of 45 men, women and children who are said to have been sympathizers of the state's Zapatista guerrillas. The perpetrators: gunmen allegedly loyal to the ruling Institutional Revolutionary Party (P.R.I.). Last week groups of Tzotzil Maya Indians dressed in colorful garb and carrying religious images were nervously returning to the village of Acteal, where the slaughter took place...
...hard to feel safe in a lot of places in Mexico, despite the best efforts of President Ernesto Zedillo Ponce de Leon. The Acteal bloodbath is just the latest instance of what sometimes appears to be the virtual collapse of public security in the country. From the slums of Tijuana to the hilltop mansions of Mexico City, a rising wave of violent crime, kidnappings and human- rights atrocities has gripped the nation. Many refer to it as the "Colombianization" of the country, a reference to the even scarier levels of violence inspired by drug mafias and paramilitary gangs in that...
Residents are slowly starting to return to Acteal, the small Chiapas village where 45 Tzotzil Indians were massacred last week by supporters of Mexico's ruling party. Even as the survivors of the massacre struggle to rebuild their lives, TIME Latin America Bureau Chief Tim Padgett says "the tragedy in that remote little corner of Mexico may result in profound changes throughout the country...
...Zapatista uprising in the impoverished southern state set the stage for the recent democratization of Mexico, says Padgett. "We're going to see unprecedented pressure for the resignation of senior state government officials, who are accused of allowing the massacre to have happened by failing to respond to the warning signs that had been coming for months...