Word: silva
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...moneymen started to look upon Latin America's ominous $370 billion debt load as the crisis that went away. The borrowers were gamely trying to make their payments and shape up their economies. But last week several Latin countries sent out new distress signals. Mexico's Finance Minister Jesus Silva Herzog, whose country's financial condition has been devastated by falling oil revenues, rushed to Washington to seek aid in closed-door meetings with Federal Reserve Chairman Paul Volcker, Secretary of State George Shultz and Treasury Secretary James Baker. Meanwhile, Peru suddenly withdrew its gold, silver and cash reserves from...
Freitas do Amaral was strongly backed by popular Prime Minister Anibal Cavaco Silva, 46, the Social Democratic leader who led a minority government after breaking his party's alliance with Soares last June and winning parliamentary elections on Oct. 26. Cavaco Silva was gambling that victory by Freitas do Amaral would strengthen his minority government. After last week's balloting, the Prime Minister was conciliatory. Said he: "I intend to continue to consult with the President. I will not create problems." Soares responded in kind, noting that "the President is the guarantor, the moderator, not the governor." Indeed...
...going through an emergency, a very real one." So said Mexico's Finance Minister, Jesus Silva Herzog, as he emerged from a conference on the international debt crisis in London last week. Silva Herzog was not alone in that assessment. In the Caribbean resort town of Cancun, his boss, Mexican President Miguel de la Madrid Hurtado, was closeted for 13 hours with Venezuelan President Jaime Lusinchi to discuss the plummeting world oil prices that are squeezing their heavily indebted economies. The two issued a communique expressing their "profound concern" over conditions in the oil market, which, they said, created...
...flood of oil revenue dries up, another kind of wrenching social and political retrenchment is under way among the oil producers, and the risks for world order and stability are unpredictable. If concerned countries, including the U.S., do not act, as Mexico's Silva Herzog put it, with "speed and wisdom," the deepening plight of the former petropowers may lead to upheaval...
Joaquim Pineiro Da Silva, 27, a Portuguese cabin steward, learned of the slaying after one of the terrorists entered the ship's main lounge and motioned to him and Ferruccio Alberti, the cruise hairdresser. The two men were led to the upper deck, where they found Klinghoffer's body lying facedown in a pool of blood beside his overturned wheelchair. The terrorist gestured that they were to toss both the body and the wheelchair overboard. After hearing the body splash in the waters below, neither man looked over the rail. "I wanted to break into tears, but was unable...