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The move is well in keeping with the modernization campaign pursued by President Carlos Salinas de Gortari since his inauguration three years ago. He has sought a reconciliation with the church as part of his effort to encourage political pluralism, while scaling back the appearance of undue influence by his...

Author: /time Magazine | Title: Mexico: A Reprieve for the Church | 12/30/1991 | See Source »

"((Mexican President)) Carlos Salinas de Gortari has said Mexico wants Asian investment," says Clyde Prestowitz, president of the Economic Strategy Institute, a Washington think tank. "He wants it in high-value-added, high- technology industries ((that will)) be exporting to the U.S. What we emphatically don't want to do...

Author: /time Magazine | Title: Treaties: From Yukon to Yucatan | 6/3/1991 | See Source »

Next to Chile, Mexico enjoys the best odds of making privatization work. Former President Miguel de la Madrid sold the Aeromexico national airline for $193.8 million to a group of Mexican investors in 1988. Sales took off after Carlos Salinas de Gortari became President later that year. Mexicana, the other...

Author: /time Magazine | Title: A Global Fire Sale | 4/22/1991 | See Source »

Four months ago, the government completed the first and most important phase of the sale of Telefonos de Mexico, the national phone company, whose market value is about $8 billion and whose profits last year totaled $1 billion. The state has sold 20.4% of Telmex stock, which represents the majority...

Author: /time Magazine | Title: A Global Fire Sale | 4/22/1991 | See Source »

Curbing the toxic cloud does not come cheap. The oil facility's shutdown will cost $500 million, put more than 5,000 people out of work, and require Mexico to import, at least temporarily, some refined petroleum. But even this dramatic move represents only a beginning. Three-quarters of Mexico...

Author: /time Magazine | Title: Mexico City's Menacing Air | 4/1/1991 | See Source »

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