Word: pez
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Chosen by political insiders, the President of Mexico is a kind of surprise package that the electorate gets to know well only after he takes office. Last week, as Mexico City's avidly progovernment press marked the first anniversary in office of Adolfo LÓpez Mateos with editorials boasting of triumphs in every field, the President's own modesty and conservatism showed through. Just before climbing into a bus for a trip north to dedicate some typically modest public works (one road and one school) in Querétaro State, LÓpez Mateos declared simply...
...adjustment, which set the tone of LÓpez Mateos' first year, was a tough and successful fight to save the peso from devaluation. In the first six months of 1958, under free-spending President Luis Ruiz Cortines, the country piled up a $96 million deficit abroad, a budget in the red by $66 million. LÓpez Mateos reversed course and slashed imports by $20 million a month by whacking public spending. The results: a severe crimp in the construction industry, a mild recession through much of the economy, but a nearly balanced budget and a favorable trade...
...pez Mateos' conservative streak showed through, too, in his tough dealings with labor, notably in crushing a railroad strike and jailing the leaders for indefinite terms. More surprising, LÓpez Mateos has shed the suspicious isolationism traditional to Mexican Presidents. After a friendly trip to the U.S. and Canada, he is seriously considering a U.S. request for a tracking station, as a part of Project Mercury, on Mexico's west coast. Soon he will visit Venezuela and Brazil, and he is thinking of a later visit to Moscow and other European capitals...
...stern critic from the start of Castro's helter-skelter reforms, Pazos had joined a loose alliance with three other moderates: Minister of Public Works Manuel Ray Rivero, 35, a civil engineer who had worked hard rebuilding Cuba's shattered transportation system; Treasury Minister Rufo López Fresquet, 48, and bearded Faustino Pérez. 39, Minister for the Recovery of Stolen Government Property and a survivor of Castro's original invasion on the yacht Gramma...
...meeting every Thursday with Castro for skull sessions warning that his monstrous agrarian reform was devouring the Cuban economy. A few weeks ago, Pazos, Ray and Perez found that they were being followed by Castro's secret police and guessed that the game was lost. Only López Fresquet survived the shakeup, and he had already asked to be allowed to resign next month. To replace Ray, Castro for the first time named an open Communist, Osmani Cienfuegos, brother of missing Army Chief Camilo Cienfuegos, who only a few weeks ago joined the Popular Socialist (Communist) Party...