Word: prop
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...President Ernesto Zedillo Ponce de Leon still must reform the policies that caused the latest crisis--specifically, Mexico's reliance on foreign capital. Much of those funds fled in December when the government, unable to prop up the overvalued peso any longer, let the currency float. Now Zedillo is taking the politically risky steps of slashing government spending and jacking up interest rates to slow the economy and wean it from its dependence on ``hot money''--foreign investments in securities that can easily be dumped. Says Allen Sinai, the chief economist for Lehman Bros.: ``Mexico must swallow a recession...
Your report on electronic populism hits the bull's-eye: contemporary communications systems too easily accommodate everybody's reactions to everything [Cover Stories, Jan. 23]. Senators cite percentages gleaned from phone and fax communications from the citizenry to prop up their points. doesn't help with its frequent telephone polls. It is high time we give our representatives some breathing space to legislate without constant reference to the whimsy of the popular opinions of the moment. Even if 50 million people say a foolish thing, it is still a foolish thing...
Your report on electronic populism hits the bull's-eye: contemporary communications systems too easily accommodate everybody's reactions to everything [Jan. 23]. Senators cite percentages gleaned from phone and fax communications from the citizenry to prop up their points. The media don't help with their frequent telephone polls. It is high time we give our representatives some breathing space to legislate without constant reference to the whimsy of the popular opinions of the moment. Even if 50 million people say a foolish thing, it is still considered a foolish thing...
...stepped in front of the hero received a genial tongue lashing. The hapless soprano assigned to cover for Kiri Te Kanawa should she get sick had a bad day, going left when she should have gone right, up the stairs when she belonged on the ground, picking a prop flower off cue. At the beginning of the glorious duet in which the heroine learns that Boccanegra is her father, she began playfully fingering his shirt. For the umpteenth time, Del Monaco charged down the aisle. "Stop! Stop, stop, stop!" he yelled. "What are you doing? You look like you want...
...which the Mexican currency lost more than a third of its value against other currencies. The gains came as a delegation from the International Monetary Fund arrived in Mexico City to review the country's precarious financial condition amid growing concern about the Mexican government's unwillingness to prop up the peso. But the market was also encouraged by word today from Southern Mexico that Indian rebels there are ready to resume negotiations with the government...