MEXICO: Wages of Defeat

In the Mexico City suburb of Coyoacan, not far from the house where Leon Trotsky was mortally hacked, stands a 25-acre, walled-in estate packed with recreations for a hearty body: a jai alai court, swimming pool, tennis court, club house with reducing machine, paths winding among citrus trees and flower beds, Turkish bath, barbershop, and seven residences for family and guests. Last week this estate was put up for sale for 52,000 pesos ($10,842), about one-tenth its assessed value. The sale and the cheap price symbolized the decline of a hope: the estate was the property of General...

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