Word: boom
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Until he formally assumes office on Dec. 1, De la Madrid is expected to keep a low profile as he prepares a plan to deal with Mexico's growing problems, including oil-boom inflation (currently running at an annual rate of 60%), widespread poverty and rampant corruption. Meanwhile, the President-elect is preparing to address another important subject in the fall, when, according to sources in Mexico, he will meet with President Ronald Reagan...
...overlining. Under federal regulations, a bank cannot make loans to any one borrower that amount to more than 10% of its capital. One way around that restriction is for a small bank to parcel out shares in proposed large loan deals to more important banks. During the oil-drilling boom that peaked last December, Penn Square found big-city bankers more than willing to participate in the loans...
Galloping inflation has robbed some glamour from the phrase "alltime box-office champ"-in real dollars, Gone With the Wind is still No. 1-but even these days, a projected worldwide gross of $400 million is decent money. So why the boom in so many movies? And why now? Spielberg, the 34-year-old boy who wove the magic carpet of E. T. (as well as Jaws, Close Encounters of the Third Kind and Raiders of the Lost Ark, all among the ten top grossers in movie history), sees a simple explanation: "A good film is kidnaped by its audience...
Despite its oil wealth, Mexico remains a country of horrendous economic contrasts, now made worse by oil-boom inflation and the rising expectations of its middle and working classes. The bottom 20% of the Mexican population is worse off, in real economic terms, than it was in 1977. Approximately 50% of the population is undernourished, according to one study. What is more, the real challenge has yet to hit the country. By the turn of the century, U.S. analysts estimate, the population will have grown by nearly 50%, to about 100 million. The country needs to create 800,000 jobs...
...itself. It is the largest in history: 945,000 bachelor's degrees, 303,000 master's degrees, 33,300 doctorates and an all-time high of 73,600 first professional degrees. Most of its graduates were born around 1960, at the tail end of the baby boom and the height of national prosperity, and will turn 40 around the year 2000. This class, almost evenly divided between male and female graduates, has great demographic diversity, with many older students and minorities...