Word: serrano
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Lopez Portillo was heading for trouble in any case, but last year's world oil glut brought a sudden end to Mexico's spree. As prices for crude oil began to drop around the world, Mexico stubbornly tried to hold the line. When Jorge Diaz Serrano, the president of Pemex, announced a $4-per-bbl. price cut, he was promptly sacked, and Mexican oil prices were jacked up again. Customers went elsewhere until Mexico bowed to the pressures of the marketplace. By that time, the country had lost about $1 billion hi revenue, and the drain has continued...
...only a junior college degree, earned in prison), he could not represent others. Nevertheless, he is free to write briefs for fellow prisoners, which can be polished and signed by full-fledged lawyers. Last March Owen helped win a reversal of a murder conviction for Isadore Serrano. He argued that the case had posed a conflict of interest because Serrano's trial lawyer was also the attorney for a prosecution witness...
...sooner did Jorge Diaz Serrano, the head of Mexico's state-owned oil company, Pemex, announce the cut than a political storm forced his resignation. Until last week, Serrano had been one of the leading candidates in next year's presidential election...
Mexico is expected to lose an estimated $1.2 billion or so in foreign exchange earnings as a result of Diaz Serrano's action. To pay its bills, the nation will have to negotiate as much as $1.2 billion in short-term credits from foreign lenders in the coming year. That could add five percentage points to an inflation rate that economists already foresee reaching 30% by year...
...Serrano nabbed a hard pass in the end zone for the tying score. Terry Kasbeer kicked the extra point to put Eliot on top 7-6 at the half...