Word: pesos
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Despite the security of academic life in America, Harvard's Mexican students say they are feeling the effects of a weakened peso...
Strained by the ongoing political conflict between former President Carlos Salinas and current President Ernesto Zedillo, as well as a largescale loss of investor backing, the ailing peso continues to fall. Yesterday, the peso was worth fifteen American cents...
America the bully. America the bountiful. So it has always seemed from the Mexican side of the 2,000-mile-long divide. The peso's latest melodrama only proves the paradox in the eyes of many Mexicans. American investors pour speculative money into Mexico, then snatch it back when times grow hard and Mexico needs it most. The U.S. rides to the rescue, but imposes such harsh conditions that Mexico will be forced into recession...
...That's old-fashioned politics,'' he says, adding that he hopes to earn a master's degree in the U.S. to gain foreign experience. He will not emigrate, however: ``I love Mexico passionately. We have all the resources here, but they are not properly exploited.'' When Clinton announced the peso rescue package, Mexicali and Calexico rejoiced. ``San Guillermo is a man with vision,'' says a smiling Joaquin Ramirez Chacon about Bill Clinton. Ramirez Chacon employs 400 at his Pepsi bottling plant and sends his 10-year-old daughter to school in Calexico. As he puts it, ``You need...
...said President Salinas himself could be charged with impeding a probe of another killing -- the March 1994 shooting of PRI presidential candidate Luis Donaldo Colosio, whom Salinas had chosen as his successor. Now, formerly timid critics are blaming him, in part, for the Dec. 20 devaluation that sent the peso plummeting...