Word: monterrey
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Dates: during 1990-1999
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...fetched to think that every child in Dalton could grow up not just bilingual but familiar with both cultures," says Erwin Mitchell, a local attorney who helped recruit 17 teachers from the University of Monterrey in Mexico, where carpet mogul Bob Shaw had a contact. Dalton used public funds, of which there is a big supply, to fly the teachers here, put them up in apartments and buy them all memberships in a health club...
Horwitz comments on the institution: "The Mask and Spear's countertop is finished with Supergloss, the Michael Jordan of synthetic finishes. One coat is equivalent to a whopping forty coats of polyurethane. The Mask and Spear's guest book boasts over 120 signatures, among them dignitaries from Accra, Monterrey, Budapest, and Paris. Advanced HorwitzSonic wiring carries audio power among six speakers in two rooms...only the finest materials were used in appointing the Mask and Spear--including carved South African objects obtained by Cito Horwitz, and adhesive tape from Luxembourg whose installation came at the cost of $100 term bill...
...TOWN OF VILLA JUAREZ, just south of Monterrey, 15 Mexican drug agents spent most of Jan. 14 crouched outside a walled ranch house. The agents had received a critical tip: Juan Garcia Abrego, one of Mexico's most powerful drug dealers, was inside. At 7 p.m., the team moved in. They smashed through the front gate in a minivan, taking Garcia Abrego and two bodyguards by surprise. As the druglord dashed out a back door and tried to launch his portly frame over a fence, agents grabbed him by the shirt. Twenty minutes later, the man who had shipped perhaps...
...authorities did unravel one of his money-laundering schemes, which typifies their complexity. Cash earned in the U.S. was smuggled to Mexico and handed over to a Monterrey currency exchange. Couriers then flew or drove the funds back to the U.S. and deposited them in the exchange's bank account in McAllen, Texas. Then, with the help of two directors at the American Express Bank International in Beverly Hills, California, the money was wired to the Manhattan accounts of Cayman Islands holding companies, and from there to investments stretching from Texas to Switzerland. In this way, the real owners...
...Cuba had signed deals for 185 foreign joint ventures. The Spaniards and Germans were among the first to invest in tourism, which grew at an annual rate of 17% between 1991 and 1993; now interest is rising in Canada and across Europe. Meanwhile, the Monterrey-based magnate Javier Garza-Calderon of Mexico's Grupo Domos bought up half the Cuban phone system in a $1.5 billion deal last year. June saw the arrival of Cuba's first foreign financial institution, the Dutch ING Bank. British companies are looking into oil exploration--even though France's giant Total has recently pulled...