Word: madrid
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...cutback in government spending. While helping Mexico's credit rating, these steps would also boost unemployment. López Portillo gave no specifics of a new austerity program in his speech. Making unpleasant economic choices will soon be the job of his hand-picked successor, Miguel de la Madrid Hurtado, who will take office in December...
...much to fear if De la Madrid fails to revive Mexico's financial fortunes. Economic chaos in a country that has a 2,000-mile-long open border with the U.S. would inevitably cause problems for the American economy. Warns Rimmer de Vries, chief international economist of Morgan Guaranty Trust Co.: "Mexico and the U.S. are so thoroughly integrated that we have to consider it financially a part...
...plunged 40% in the past month. Complains Store Manager Gaston Lopez: "We used to be busy all day. The four registers never stopped ringing. But I've had to lay off two cashiers, and the other two are working 40-hour weeks instead of 50." Says Wilfred Madrid, a department store owner in El Paso: "My business is off 80%. It's dead out there in the streets, and it's like a morgue here in the store." Last week the U.S. Small Business Administration set up a $200 million loan program for merchants devastated...
...yearly trip. "We are trapped. It is against the working people who save their money for some simple pleasures." The anger has been aimed largely at President López Portillo, who on Dec. 1 will turn power over to his hand-picked successor, Miguel de la Madrid Hurtado, who won 74% of the vote in last month's presidential election...
...Francisco; in the end nearly half of the 66 works came from Spain, either from the Prado or the Toledo museum, and none of these have ever been seen in the U.S. before. The resulting show, the largest assemblage of El Greco's works ever seen, opened in Madrid to huge crowds, is now at the National Gallery, and will travel to Toledo and Dallas...