Word: moratorium
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Dates: during 1980-1989
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...billion in loans from western central banks. But the real keys to the bailout were two longer-term proposals designed to restore Mexico's ability to pay off its debt in the future: $5 billion in credits from the International Monetary Fund and a $10 billion moratorium on debt repayments to major private banks. Both of these key provisions are contingent upon Mexico's acceptance of a stringent IMF "economic adjustment" program...
...sneaky and malicious," says William Turnage, executive director of the Wilderness Society. "He's the worst thing that ever happened to this country." On a few other issues, the criticism is less vituperative, and Watt's defenses are more solid and more temperate. Some people oppose his moratorium on the Government purchase of new land for parks, for example, but Watt believes it is more urgent to remedy the "deplorable" conditions of existing facilities. Indeed, Interior's budget for park improvements has nearly doubled under Watt: the sewage system at Yosemite is being rebuilt at a cost...
...constituent assembly dominated by right-wing parties has raised fresh concerns. Major Roberto d'Aubuisson, head of the ultraright Nationalist Republican Alliance (ARENA) and president of the new assembly, vigorously attacked the program during the election campaign, and last week he declared that he favored a "moratorium" on land reforms. Advocates of the program fear that D'Aubuisson will quietly try to sabotage it. Leaders of two large campesino organizations charge that since the election, thousands of peasants have been illegally evicted from their plots by landowners who are frequently backed by paramilitary forces and local police. Says...
...approval of President Reagan's economic program. The basic faith in the long-term benefits of Reaganomics remains unshaken, but the attempts by businessmen to find encouraging signs in the current recession are sometimes strained. No executive flatly predicted a roaring recovery any time soon, and the informal moratorium on criticism of the President's program is clearly over...
Nearly half of the 22 regional party organizations have passed resolutions favoring the moratorium. Still, Schmidt's political advisers are confident that at least 60%, and possibly as many as 80%, of the delegates wih1 reject the idea. Their reasoning is that voting on the local motions usually took place late in the evening, when most rank-and-file party members had gone home to bed and only the left-wing intellectual activists remained behind. But at the congress left-wingers are outnumbered by the more conservative workers who form the party's backbone...