Word: silva
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Dates: during 1980-1989
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...Cynthia Silva, president of the Seymour Society, said that the nine members working full-time on the voter registration project also spend time fundraising to pay for their living expenses, as well as for the materials they hand out at the registration sites...
Twenty other Society members are volunteering part-time, Silva said, adding that the Seymour Society includes Harvard students along with other members of the Cambridge community...
...December, has begun an austerity program aimed at slashing Mexico's huge budget deficit, halting unnecessary government spending programs and slowing its virulent, 116% inflation. If the world economic recovery continues, Mexico may be able to step back from the brink. Says Finance Secretary Jesús Silva Herzog: "The pace of the U.S. recovery, interest rates and the oil market will decide our fate. All we need now is a little luck...
Loan-repayment targets for the first four months of the year have been met, and Silva Herzog says confidently, "Whatever happens, Mexico will live up to its financial commitments." Almost all new money the country gets is going to pay back old debts. Mexico should receive some $12.3 billion in emergency loans from the International Monetary Fund and other lenders this year. Boasts Silva Herzog of recent cash infusions: "Of the $3 billion from new loans since March, the entire $3 billion flowed right back out the entire $3 billion flowed right back out again to amortize some...
Then, almost as suddenly as it began, the Mexican "economic miracle" ended. In August, Finance Secretary Silva Herzog announced at a gathering of bankers in New York that Mexico would not be able to make scheduled payments, due over the following 90 days, of more than $3 billion. Weak oil prices had robbed the country of anticipated revenues and left it almost penniless. Says Jorge Chapa, co-owner of a large Mexican supermarket chain: "We were rich at $16 per bbl. of oil, and at $32 we were broke because we spent as if the price were already...