Word: nez
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Fernando Compeán Martínez Sotomayor...
Your article on F.D.R.'s legacy transported me back to a 1936 college class in political science. At one point in the professor's discourse on Roosevelt's programs I asked: "Who is going to pay?" His pince-nez popped off his nose, his face reddened, and his eyes sparked, as he exclaimed, "You, you and your children and your grandchildren...
...trim that percentage further and stimulate more business competition, Martínez de Hoz has granted tax incentives to encourage foreign firms already in Argentina to expand their operations and new ones to set up plants. So far, the response has been positive. Ford plans to spend $160 million on expansion of its plant located in a suburb of the capital. Volkswagen intends to invest $100 million to expand the plant it bought from Chrysler. Martínez de Hoz also relaxed Argentina's ultranationalist laws banning foreign oil companies from participating in petroleum exploration. In response, foreign firms...
Runaway prices remain Martínez de Hoz's most pressing problem. Rents in Buenos Aires range from $1,500 to $6,000 for modern three-bedroom apartments. A new Brazilian-made Volkswagen fetches $16,000, and a Japanese color television set costs at least...
...Economics Minister is trying to re-establish confidence in the peso by abolishing price controls and interest ceilings. In the new economic climate, Argentines are flocking to put their money into banks that pay the highest interest rates. While the economy remains tenuously balanced, Martínez de Hoz told TIME'S Buenos Aires bureau chief George Russell: "We never expected quick results, but in the '80s we are going to reap the fruits of all our measures...