Word: peso
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...Like foam in a beer stein, a white substance topped the 30-inch-tall barrel. Was it cocaine? Suárez plunged his hands into the powder, which turned out to be ant poison, then pulled out block after block of blue-and-white 20,000-peso bills...
...Chile experienced similar, if less dramatic, run-ups in their currencies in 2009, and Latin America remains the region to watch in 2010. Greg Anderson, director of currency strategy at Société Générale Global Markets in New York likes Mexico best, noting its peso could repeat the performance of last year's hottest Latin-American currencies, helped by comparatively high interest rates, currently at 4.5% but expected to trend upwards to 5.75% by year end. Also, Mexico's government is pursuing a hands-off approach to currency markets...
...muscles to work," Moreno writes, using terms that could be found in many Christian sermons preached from Mississippi to Brazil. But on the next page, there's a switch to phrases strikingly similar to those coined by revolutionary Emiliano Zapata. "It is better to be a master of one peso than a slave of two; it is better to die fighting head on than on your knees and humiliated; it is better to be a living dog than a dead lion...
...process started 15 years before, after a horrendous 1985 earthquake that left 10,000 dead in Mexico City. The PRI's response to that tragedy was appalling, and it sowed the opposition anger that proliferated as the jaded ruling party kept making blunders, including a disastrous 1994 peso crash. In the next presidential election, six years later, Mexico's Berlin Wall finally fell...
...earthquake shook up more than the capital city. It exposed the corrupt political system and gave heart to a remarkably talented (if occasionally arrogant) set of technocrats. Forgiving the mid-1990s, when the peso had to be rescued by the Clinton Administration, the Mexican economy has shown great resilience in the past 20 years as Mexico oriented itself to the outside world, joined the World Trade Organization and signed the North American Free Trade Agreement with the U.S. and Canada. Even in the first years of this decade, when the shift of global manufacturing to China threatened to derail Mexican...