Word: peruvians
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...blizzard of ticker tape fell from the skies, Peru's most famous novelist stepped onto a rickety stage in downtown Lima. Before him, a crowd of 25,000 waved red-and-white Peruvian flags and chanted "Libertad! Libertad!" ("Freedom! Freedom!"). They then began to shout his name: "Mario! Mario! Mario...
...World and Aunt Julia and the Scriptwriter, had torn himself away from the proofs of his new book to embroil himself in Peru's latest crisis. Addressing the crowd in Lima, Vargas Llosa warned, "A totalitarian threat is hovering over our country." The menace: a move by Peruvian President Alan Garcia Perez to nationalize private banks...
...ensure the country's long-term growth, Garcia asked Peruvian bankers and capitalists to channel funds into local industries. Though private investment increased by 26% in 1986, the economy nonetheless is showing signs of faltering; inflation is expected to reach 100% by year's end. In May rising prices prompted a general strike that shut down most of the country...
Alan Garcia has never shied away from controversy. Two years ago, the Peruvian President stood up against international bankers and defiantly proclaimed that his country would limit payments on its $14.3 billion foreign debt to 10% of Peru's export earnings. Last week he dropped another economic bombshell. During a traditional Independence Day speech to the Congress, Garcia said that in order to halt the growing flight of capital from Peru -- an exodus depriving the country of much needed funds for investment -- he intends to nationalize all banks and insurance companies and shut down private currency- exchange houses. Furthermore, selling...
...intensity of her needs that ensures her greatness as a literary character, a point that elicits wholehearted sympathy from Vargas Llosa, who as an outspoken young writer and Peruvian hotspur once caused quite a stir in conservative Lima. "It is not only the fact that Emma is capable of defying her milieu," he writes, "but also the causes of her defiance that force me to admire that elusive little nobody. These causes are very simple and stem from something that she and I share intimately: our incurable * materialism, our greater predilection for the pleasures of the body than for those...