Word: presentables
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...comparisons with the 1982 crisis. The impact of the drop in oil prices is much more serious now than it was in 1981-82, but at present Mexico has monetary reserves it did not have at the end of 1982. We have moved forward in the restructuring of our foreign debt, and we do not have companies on the verge of bankruptcy, as was the case in 1982. I would also say that there is not as much tension among the people as there was at the end of 1982. By that, I do not mean that people...
...political costs. At present, 70% of our public deficit stems from interest payments. In spite of having increased revenue and reduced expenditures, the load of the interest on the debt has us traveling a vicious circle. If we could reduce the debt-service burden, we would be strengthening the balance of payments and that would give us greater capacity to import--and most of our imports are from...
...weak spots. The oil bust, for example, has threatened the stability of energy firms and banks in the Southwest. "There are always things that can go wrong," concedes Beryl Sprinkel, chairman of President Reagan's Council of Economic Advisers. "But I'd say they are minimal at the present time, and the things that can go right are pretty evident...
...misdemeanor charges. Police followed up the arrests by raiding the Providence apartment of insurance salesman Stanley Henshaw III. There they found, in addition to small amounts of cocaine and marijuana, more than 100 photographs of 46 women in various states of undress; six of the women were identified as present or former Brown students. Police Chief Anthony Mancuso, who has not charged Henshaw, commented cryptically, "There may not be a prostitution ring as we know a prostitution ring to be. We're just beginning. There could be more to come...
...David Martin, head of the Government Ethics Office, recommended that the Justice Department investigate Deaver's lobbying contract with the Canadian government. Present law permanently bars a U.S. Government official who "participated personally and substantially" in handling an issue from later lobbying on that same issue. Deaver insists that in the White House he was only tangentially concerned with U.S.-Canadian relations, but others have reported that he helped to choose an envoy to negotiate with Ottawa on acid-rain problems. A Canadian government spokesman denied a Washington Post report that Deaver had begun negotiating to sign up Canada...