Word: punta
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...week began, the players in the debt poker game came together, appropriately enough, at the Hotel Casino San Rafael, the site of a meeting of the Inter-American Development Bank in the seaside resort of Punta del Este, Uruguay. Grinspun headed the Argentine delegation, while William Rhodes, representing Citicorp, led an eleven-member team of bankers. One banker joked that Punta del Este would witness its most explosive confrontation since three British cruisers challenged the German pocket battleship Admiral Graf Spee off the shores of the resort in December...
...talks went nowhere until Jesuús Silva Herzog, Mexico's Finance Secretary, suddenly suggested a multinational loan for Argentina. Everyone liked the idea, and by the time the Punta del Este conference broke up on Wednesday, the U.S. Treasury was taking the lead in hammering out the details of a rescue plan. For the next 48 hours, negotiators and financial technicians worked almost round the clock in both Buenos Aires and Washington. Representatives of Mexico, Brazil, Venezuela and Colombia joined in by telephone...
...Punta del Este, Uruguay...
...Angeles will coordinate 15 hours of classes with a ten-day sail that includes calls at Mazatlan, Puerto Vallarta and Acapulco. Cost: $1,995. Prefer your silicon seminars on terra firma? For $879, Club Med provides Atari computers along with white-sand beaches and pina coladas at Punta Cana in the Dominican Republic...
Kenneth B. Larkin Punta Gorda...