Word: portillo
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...part, the diplomatic dance was prompted by Mexican Foreign Minister Jorge Castañeda's zealous pursuit of a peace plan put forward in February by President José López Portillo. The plan calls for negotiations between the U.S. and Cuba, the U.S. and Nicaragua, and the government and rebels in El Salvador. By conducting a highly publicized shuttle among the parties involved, Castañeda hoped to convince Washington that it should appear as amenable to these talks as its adversaries claimed...
...Portillo was marked, say some residents, because the guerrillas learned that he was a distant relative of the mansion's owner. Others say that he was shot because he refused to open the door, or because the rebels wanted him for something he had done in another village. "It was an accident," insists the village priest, Father Sebastián. But no one really knows. All that remains is three small holes in a door...
...next morning government air strikes were hitting the area around Osicala, sending up thick gray clouds of smoke in the valley and surrounding hillsides. Some of the villagers stood, arms crossed, on points of high ground, hoping for a better view. Don Juan Portillo, 82, who was born in Osicala and served four years as village mayor in the 1930s, remained in the large front room of his house, a space that was empty except for straight wooden benches along each wall. Don Juan was philosophical about the future of Osicala. Said he: "Life here may cease to exist...
...sudden and bruising harshness, Mexico's five-year economic joyride on the crest of rising worldwide petroleum prices has come to an end. Instead of enjoying swelling financial reserves and broadening prosperity for Mexico's 72 million citizens, the government of President José López Portillo finds itself confronting a witch's brew of staggering unemployment, rising inflation and pyramiding foreign debts...
...high-risk maneuver to boost exports and slow the drain on the country's financial reserves, López Portillo's finance secretary, David Ibarra Muñoz, last month orchestrated a 40% devaluation of the Mexican peso. Unfortunately, the action has done little yet to ease any of the economy's underlying woes. Last week Muňoz resigned, to be replaced by Jesus Silva Herzog, a Yale-educated economist and close friend of Miguel de la Madrid Hurtado, López Portillo's hand-picked presidential successor when nationwide elections are held in July...