Sudden peso devaluations roil Mexico as crisis deepens
Mexico reels from two major devaluations in six months and new currency controls. Bank of Mexico froze dollar accounts and set a fixed rate of 69.50 to the dollar while dollars must be turned over to the central bank. Analysts cite peso hedges, outbound capital, political transition, and global oil-driven debt and inflation as core causes fueling the crisis.
MENTIONED IN THIS ARTICLE
Isaac A. Levi
Mexico City
Xavier Castellanos
Mexi
Bank of Mexico
Jose Lopez Portillo
Miguel de la Madrid
Institutional Revolutionary Party
Mexico
United States
Lopez Portillo
Mother Teresa aids Beirut war children at Green Line crossing
Mother Teresa visited a shell-shattered mental hospital in west Beirut and comforted 37 severely disabled children. After Israeli bombardment, carers moved the children to east Beirut across the Green Line to the Spring School, with Red Cross help. The Nobel laureate described war’s horrors and urged compassion.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Mother Teresa
West Beirut
Dar al- Ajaza Al-Islamia
Sabra
East Beirut
West
Calcutta
Red Cross
Spring School
East
Twenty Nicaragua soldiers die in Sandino Airport crash
Twenty Nicaraguan military personnel were killed when an air force Arava transport plane crashed on takeoff from Managua's Sandino International Airport. The mishap occurred about 200 yards southwest of the airport near a crowded area. At least two aboard were seriously injured. The plane was en route to the northern region of the country.
MENTIONED IN THIS ARTICLE
Managua
Nicaragua
Sandino International
Also Mentioned on This Page
EYS Mb
Allied Stores
Shoppingtown
Fairmount
Baldwinsville
Bos
PGA
Space Attack
Family Entertainment Center
Mattel Electronics
Intellivision
Las Vegas
Electric Company
Dev’s
Electronics
Space Battle
Major League Baseball
ASTRO
Eri
Synsonics
Electronic Marvel
Saima St. Syacuse Morcay
Fairmount Fair
Genesee
Farmourt
T-County
Downer St
Devs
By Jeffrey Ulbrich
Dar Al-Ajaza Hospital
Ann Simpson
Swan Pond Manfins
N.Y
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