Word: salinases
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The country had been priding itself on its stability and relative prosperity, especially since President Salinas pushed through his six-year program of free-market economic reforms and Mexico joined the U.S. and Canada in the North American Free Trade Agreement (NAFTA). Last week he announced that Mexico had become...
Mexican Presidents cannot serve more than one term, but traditionally they have secretly selected the party's nominee and, in the process, their successor. Salinas picked Colosio, who then headed the government's social development secretariat last November, and most experts considered his election close to a sure thing. Now...
Salinas also halted trading on the Mexican stock exchange and closed banks for a day, hoping to restore investors' confidence. Washington offered a $6 billion line of credit to support the peso. "Fundamentally," Bill Clinton said, "I think they are in sound shape." When Mexico City's market reopened Friday...
As Mexico's 90 million citizens know but sometimes try to forget, their country is not a seamless unity but a patchwork of dissimilar people and unequal progress. Roughly the top half of the country has joined the 21st century; the rest is mired in unyielding poverty. Differences among the...
On New Year's Day, when the Zapatista forces, some 2,000 lightly armed Indian and peasant guerrillas, occupied small towns and one city in the Chiapas highlands, the government's response was to mobilize the army to crush them. But as the images of bombings and bloodied civilians flickered...