Word: punta
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Dates: during 1980-1989
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...from U.S. banks to prevent any effort by Washington to freeze them. When foreign ministers and finance chiefs from five major debtors--Brazil ($104 billion), Mexico ($97 billion), Argentina ($49 billion), Venezuela ($32 billion) and Peru ($14 billion)--gathered late in the week near the Uruguayan seaside resort of Punta del Este for an emergency meeting, they drafted an urgent plea for more lenient terms from Western banks...
While most bankers might concede some of those terms rather than see Mexico default, they are concerned that whatever they grant one country will be demanded by the others. Indeed, the ministers who convened at Punta del Este issued a communique demanding "significant changes in existing agreements, in particular with respect to interest rates...
...even greater menace is the Brazilian pepper, or Schinus terebinthifolius. While visiting Brazil in 1926, Physician and Plant Lover George Stone was attracted by its thick clusters of red berries and brought back seeds for his garden in Punta Gorda, on Florida's southwest Gulf coast. The tree proliferated with the aid of casual gardeners, landscapers and birds (which feasted on the berries and spread seeds across the peninsula...
...jaded joggers can fly from New York's Kennedy Airport to Peking on April 26 and then join in a 10-km run to the Great Wall. Just want to get away from it all? For $1,264, Chile's Ladeco airline periodically flies tourists from Santiago to Punta Arenas on the Strait of Magel...
...week's end 145 had been confirmed dead and nearly 2,000 were injured. According to one government estimate, the cost of the earthquake damage could amount to as much as $2 billion. The government of President Augusto Pinochet, which had been meeting in the southern city of Punta Arenas, hurried back to the capital and announced emergency aid for those most severely affected by the quake. But for many Chileans, who are still suffering from the effects of a severe economic slump two years ago, the tragedy was overwhelming. Asked Manuel Rubilar, a janitor who earns $25 a month...