Word: peso
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Dates: during 1950-1959
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Outpriced in the competitive world market by the duties, Uruguay's exports last year dropped 39%. Gold and foreign-exchange reserves fell $46 million to $148 million, and this year the once rock-solid peso followed, slipped from 4.7 to the dollar to 11.8. Prices rose; pensions bought less and less. Cried the Nationals, as the nation went to the polls: "Vote for us, or things will stay as they...
...Mateos went to inspect a new wing on his walled home in the expensive Pedregal district of Mexico City. He chatted with newsmen, looked in at the garage, where a 1958 Lincoln and 1957 Chrysler have replaced his old, modest Fiat. He promised a "down to the peso" accounting of his assets before entering office Dec. 1 and again upon leaving it. For Mexico he promised only a smooth bossing of the current combination of state and private enterprise. If he does as well as Incumbent Ruiz Cortines (who has seen the gross national product rise...
...will probably put up $15 million; the rest will most likely come from Mutual Security Agency coffers. Even the use to which the money will be put is not certain, but basically the loan's function will be to provide a dollar prop for Chile's sagging peso, hard hit by a world slump in copper prices. Last week the peso was so shaky (off from 493 to the dollar to 780 at the free-trade rate since April, 1956) that Chileans were forced to stop all imports from the U.S. by ordering importers, before taking delivery...
Economists give many reasons for the financial crisis-that the peso is ludicrously overvalued, the government has strained the economy by industrializing too fast, etc. But among other explanations, one pops up with dismaying consistency. Says one Nacionalista member of a Senate committee investigating corruption : "After what this committee has learned, I can safely say that we have in the Philippines today the dirtiest government in the world...
Three weeks hence, uncertain, often intimidated, frequently bewildered, the Filipino voter will troop to the polls. His trip might be halted by party workers passing out "peso sandwiches"−a couple of crisp bills pressed between two sample ballots. His vote may or may not be counted. As of this week, there was no indication that he would get a proper answer to the question he asked when his beloved Ramon Magsaysay died. The question was and is: "Who will take care...