Mexico’s Government Changing Styles Under Echeverria
After eight months in office, President Luis Echeverria seeks to democratize Mexico and make the PRI more responsive. He grants amnesty to most jailed dissidents, opens dialogue with citizens, and travels the countryside to listen. Corruption remains a major challenge as he balances central power with decentralization while taming a $1.1 billion trade deficit and slowing growth to curb inflation. Conservative businessmen warn reforms threaten private sector profits as PRI power remains entrenched.
MENTIONED IN THIS ARTICLE
Mexico City
UPI
Luis Echeverria
Mexico
Echeverria
Congress
Institutional Revolutionary Party
PRI
Banks Sue Over High Interest Rates in Alabama
Alabama's six largest banks face federal suits filed in Birmingham Mobile and Montgomery seeking 10 million dollars in refunds for BankAmericard and Master Charge credit card holders. Officials claim 8 percent is legal but charges reach 18 percent, labeling it usury. The action targets the impact on consumers and merchants statewide.
MENTIONED IN THIS ARTICLE
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UPI
Alabama Labor Council
Afl-Cio
Alabama
Cshaardn
Ara Aeminane
Barney Weeks
Council
Mobile
Montgomery
Bankamericard
Master Charge
Weeks
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