Word: moscoso
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Dates: during 1990-1999
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TRANSFERRED. THE PANAMA CANAL, 50-mile engineering feat, shipping lane and cruise-ship highlight; after 96 years of U.S. control; to Panama. At a ceremonial hand-over, Jimmy Carter, who brokered the transfer treaty in 1977, told Panama's President Mireya Moscoso, "It's yours...
...While only 7% of the country's economy is dependent on the canal, nearly 100% of its self-image is wrapped up in the belief that it serves as one of the world's most important trade links. This Wednesday the country will swear in a new President, Mireya Moscoso, 53, whose overriding challenge is to try to turn a world-class location into a world-class country, technologically literate and future oriented. More ambitious Panamanians (and the country's well-educated middle class is full of them) talk of becoming the Singapore of Latin America. Doing that means making...
President-elect Moscoso takes office with enough troubles already. She lacks a legislative majority, and any concession allowing the U.S. military back into Panama would be unpopular. Moscoso picked up her political acumen from her late husband, though a 46-year age gap separated her from the former President, Arnulfo Arias. His career provides a sobering lesson. Arias was elected three times, and each time the army deposed him. Diplomats in Panama say Moscoso knows she must tread cautiously. She has vowed to keep politics out of the handover, entrusting the canal's operations to the autonomous Panama Canal Authority...