Word: rico
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...bandwagon picks up steam, as the New York Senator runs away with the Puerto Rico and Arkansas caucuses and shows a devastating 22-point lead in national surveys over Glenn, the only remaining serious Democratic candidate. If the November election were held today, Ali would dethrone Reagan by some 10 percent, according to national polls. "I'll say one thing with certainty/Eighty four is the Year of Me," the Senator predicts...
...most experts agree, must also reject any protectionist demands that would put additional pressure on Mexican exporters. Perhaps most counterproductive would be any attempt to seize upon Mexico's troubles as an opportunity to exercise more leverage and, for example, demand preferential oil prices. Says Carlos Rico of the Institute of U.S. Studies in Mexico City: "If the U.S. exploited Mexico's weak position, that would be a mistake from the point of view of U.S. interests. In five or six years the U.S. would be asking what went wrong, why there is so much discontent around...
...Lorean actually had two governments competing to put money into his company. In the early part of the year, after negotiations with officials in Puerto Rico, he won $40 million in loan guarantees from Washington and the Commonwealth for a $96 million plant in Aguadilla, a poor area 70 miles from San Juan. In addition, a group of drug companies and General Electric's pension fund were ready to pump $35 million into the project...
...July De Lorean surprised everyone and infuriated the Governor of Puerto Rico by making a deal with the British instead. The British went along even in the face of some discouraging reports. The management consulting firm of McKinsey & Co. was asked to assess De Lorean's proposal and reported back that the project had only a one-in-ten chance of succeeding. Nonetheless, the British Labor Party, which was then in power, outbid Puerto Rico by promising some $110 million to get De Lorean's factory to Ulster...
...Puerto Rico's meat and milk industries are concerned. Kentucky Fried Chicken, Golden Skillet and others have placed full-page ads in local newspapers defending their products. To-Ricos, a poultry concern, helped arrange for a TV appearance by a U.S. Department of Agriculture meat inspector, who assured the public that it was safe to eat inspected local meat. At a legislative hearing, Salvador Pizarro, president of the Puerto Rican Farmers' Association, suggested that the estrogen controversy is a plot by food importers to destroy domestic production. Meanwhile, the milk industry has threatened...