Word: tequilas
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There is Champagne, France; Tequila, Mexico; and Parma, Italy - all places turned trade names known for their unique, high-quality foods. Now, if China has its way, there could be another: Puer...
...tied up for a long time. If the mistake is grave, they are tortured. If there is loss of trust and treachery, they must die," a cartel spokesman called El Tio (the Uncle) said in an interview printed in the newsmagazine Proceso. The spokesman gave the interview sipping tequila in a restaurant while three armed bodyguards sat at the next table...
...should have listened to your parents when they told you not to go to Cancun for spring break. No, not because of the warring drug lords. Or because of your penchant for tequila shots and wet t-shirt contests. In fact, the reason you shouldn't have gone to Mexico involved neither alcohol nor sex! It was… THE SWINE...
...Alfredo Coutino of the Dismal Scientist projected this week that Mexico could contract by 4% to 5% this year, maybe more, which would put its recession in the same bottom tier as other hard-hit economies such as the U.K. and Japan, and rival that seen during Mexico's "tequila crisis" in 1995. (Read a brief history of the U.S.'s war on drugs...
...interest rates of the region have fled as fast as possible. And very few remain, making it very hard for these countries to roll over debt or put in place counter-cyclical measures to ease the effects of the global crisis. In a way, it has been like the Tequila Effect in Mexico or the Asian financial crisis in the 1990s, in which confidence crises presented potentially catastrophic problems without a clear way out for governments that did not command trust from international markets...