Word: perez
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...root of the disaster, analysts contend, are the politics of cronyism, a web of incestuous relationships between business and government that formed after the inauguration of President Carlos Andres Perez in 1989. If during his first term as President, from 1974 to 1979, Perez had turned the economy into a state-dominated behemoth, he moved in the opposite direction during his second: toward privatization, deregulation and free- market economics...
...took advantage of the shift was Pedro Tinoco, president of Banco Latino and an old friend of Perez's. The President made the extraordinary move of naming him head of the central bank, even as Tinoco remained Banco Latino's largest shareholder. Soon millions of dollars in government funds were deposited in Banco Latino, which used them to help launch a major expansion. By 1993, the year in which Tinoco died of cancer, Banco Latino had blossomed from the country's eighth largest bank into its second largest...
Other businessmen, many of them cronies of Perez's or supporters of his Accion Democratica party, followed suit by taking over banks or starting new ones. In some cases the new banks were merely divisions of larger industrial or financial groups, which meant that when the parent companies were strapped for money, they frequently turned to their in-house banks for loans. According to government and congressional investigators, hundreds of other loans went to relatives and friends of bank managers and directors, as well as to real-estate operators who had the appropriate political connections. Laissez-faire took...
Under heavy military guard, the first planeloads of Cuban refugees were forcibly returned from Panama to the U.S. Naval Base at Guantanamo Bay in Cuba. Last September President Ernesto Perez Balladares agreed to allow up to 10,000 boat people to stay in Panama at U.S. detention camps for a six-month period. Nearly 8,000 Cuban children and close relatives have since qualified to emigrate to the U.S., provided they have full financial sponsorship. To transfer the remaining refugees by the March 6 deadline, American forces will airlift out 500 people almost every...
Jean-Hugues Anglade, last seen in "Killing Zoe," has a blast as King Charles IX, demented, infirm, childish and incestuous. He even gets a wonderful death scene where he literally sweats blood. Vincent Perez has precious little to do besides being precious and using his melting pulchritude to best advantage. Virna Lisi, who took the acting prize at Cannes, gives the best performance in the movie. Her take on Catherine de Medici moves between the campy and the affecting. Those who speak French may have to fight the temptation to imitate her thick Italian accent. Playing Catherine de Medici...