Word: foxes
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P.R.I. politicos and other Fox opponents are worried that his dream of a new relationship could wind up with Mexico's giving away all its mineral resources and business potential--including full ownership of big firms--in return for the U.S.'s allowing, say, a few thousand Mexicans to work legally north of the border. Recognizing that some forms of foreign investment are beyond the pale, Fox has vowed that the 1938 nationalization of Mexican oil resources is "untouchable." "If Fox screws up royally, that's when the nationalism will come in," says Manuel Garcia y Griego, director...
Mexico's northern-border commissioner, Ernesto Ruffo, argues that the time has come to end the "us-vs.-them" talk. Says he: "If we'd quit speaking in Spanish and in English and speak the language of economics, we'd end up understanding each other much better." Fox speaks that language (plus English) well. Only three months away from marking his first year in office, he is trying to cool expectations at home. "The country's fate doesn't rest on a President," he said last week as he urged Mexicans to go beyond their traditional fixation on the leader...
...photographic essay On the Trail of Vicente Fox, go to time.com/fox
OUTLOOK: Troubling. Economic populism seems to be making a comeback in the region, though protectionism never did Latin America much good. Argentina's stable for now--but for how long? Keep an eye on Brazil, which is the key to South America's economic stability. Mexican President Vicente Fox will have much to say to his pal Dubya in Washington next week...
...short skirts as it is on the spiky bracelets, studded handbags and other hard-edged accessories that were hot five minutes ago. Clotheshorses can get in touch with their inner sportswomen in sleek, graceful wools and leathers eminently practical for a brisk pony ride down Fifth Avenue or a fox hunt in the backyard...