Word: nicaraguan
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...Lacayo presides over an insiders' network that mocks Chamorro's vows to run a "transparent" administration. Last November the government ordered 400,000 new passports, claiming that the old documents were no longer any good because the Sandinistas, in their final months of power, had issued papers to non-Nicaraguans with no right to citizenship. Under Nicaraguan law, the printing contract, worth more than $1 million, should have been open for public bidding. It was not. Although at least one other company made an unsolicited offer to do the job more cheaply, the contract was awarded to Continental Trading, which...
...defeat proclaimed, "We were born poor, and we'll be satisfied to die poor," had a last-minute change of heart. In April the President's office ordered the withdrawal of $3.6 million in U.S. currency from the Central Bank, plus the equivalent of $5 million more in Nicaraguan cordobas. Francisco Mayorga, who, as Chamorro's first Central Bank president, inherited the mess that the Sandinistas left behind, estimates that a total of $24 million was looted from the bank...
Rodriguez's supporters believed he was being cruelly persecuted because he is a Nicaraguan refugee who speaks no English. They noted that none of 82 similar incidents in Florida during the past four years have been prosecuted, including a March accident involving a white youngster in Broward County who remains in a coma. Others contended that prosecuting Rodriguez was the best way to prevent tragedies in the future. Florida officials had hoped that by making people feel Rodriguez's pain and imagine what it would be like to lose a small child, parents would be more prudent. Perhaps in that...
Chamorro's plan to allow the creation of private banks, illegal since the Sandinista Revolution in 1979, could help provide needed startup capital for emerging small firms. Many foreign banks, including several from Mexico, have expressed interest in entering the Nicaraguan lending market...
...simply creating private banks will fail to address the more fundamental problems in the Nicaraguan economy. Chamorro must stop stalling on privatization efforts. She must gain the political will to defy the unions if she wants to reduce her government's $35 million-a-month deficit. She must stop extending credit to pay for union blackmail if she wants to control inflation...