How It All Went South
Mexico desperately needs the comic relief. After three months of turmoil, the country’s economic and political crisis is accelerating – and the shocks keep coming. Salinas, fresh from a hunger strike to protest claims that he tolerated corruption, popped up in New York last week with a bizarre interview denying that he’d been sent into exile. Back in Mexico City, interest rates hit an eye-popping 92 percent as the government of President Ernesto Zedillo struggled to save the banking system from collapse....