Word: pesos
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Dates: during 1980-1989
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...Angeles Times and Boston Globe. Yet White House reporters old and new take up their posts at a time when the beat, though still one of journalism's most prestigious, has lost some of its luster after eight years of obsessive news management by the Reagan Administration. "Like the peso, it's been devalued," admits Boston Globe reporter Walter Robinson, who saw two colleagues pass up offers to move to Washington to cover Bush. Adds Wall Street Journal correspondent Michel McQueen, 29, one of the few reporters new to the White House assignment: "People have said, 'Congratulations -- and condolences...
...sister putting herself through this torture for a college that's devaluing faster than the Mexican peso? Maybe she is applying because over the phone I recite all of the good things Harvard still represents...
...French (8%) and 350,000 Italians (10%). The only major countries not participating in the upsurge of tourist traffic to the U.S. are Canada and Mexico. The Canadian dollar has not gained nearly as much ground against the U.S. dollar as the European and Japanese currencies have, and the peso has fallen 45% against the greenback in the past year...
Officials defended the strategy, saying they had acted decisively. But it is a gamble that could destroy what is left of public confidence in the Mexican economy. Even American retailers along the border who rely on Mexican patronage will probably experience reduced sales. Moreover, the falling peso will surely fan the country's raging inflation. Prices are now rising at an annual rate of 141%, the highest level in Mexican history...
...high- tech secrets from West to East, authorities struggle to fortify an export- control system that is overloaded, underfunded and outdated. -- The crusaders against insider trading score an important victory in the Supreme Court. -- CBS sells its records division, making Sony Springsteen' s boss. -- In Mexico, panic pummels the peso...