Word: punta
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Hall was arrested Dec. 12 at Punta Huete air base, 13 miles northeast of Managua, with maps and sketches of the airfield, crudely drawn on hotel stationery, stuffed in his socks, the Sandinistas said at the time...
Wintry rainstorms pelted the Uruguayan seaside resort of Punta del Este last week, forming an ominously fitting backdrop for the historic meeting of government ministers. Officials from 74 countries had arrived there to confront the ill wind of protectionism, which is threatening to freeze international trade and economic growth. The ministers, who at times donned Uruguayan wool sweaters and huddled around space heaters, struggled to agree on an agenda for a multiyear series of talks that they hope will create warmer trade relationships around the world. Declared Uruguayan President Julio Maria Sanguinetti as he opened the five-day meeting...
...individual customers, corporations are drawn by the promise of a relatively inexpensive package deal. It typically includes airfare, accommodations, three buffet-style meals a day, theme parties and nightly entertainment, all for an average per-person price of $1,100 a week. More than 20 villages, from Punta Cana in the Dominican Republic to Phuket in Thailand, have installed personal computers for executives to toy with when far away from the office. The new appeal to companies helped increase Club Med's revenues by 17% last year, to $843 million, and profits by 8%, to $38 million. For executives...
...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...