MEXICO: State of the Nation

With crops in good shape and the peso at its perkiest in years, Mexico was in fiesta mood for President Miguel Alemán's fourth annual state-of-the-nation message last week. As the President rode to the Chamber of Deputies at the head of a 50-limousine caravan, office girls showered him with red, green and white confetti. When Alemán entered the Chamber, 50 men from the musicians' union rose and thundered the national anthem. Outside, thousands of Mexicans saw and heard their President speak over hundreds of television sets installed in cantinas, clubs and the Merced market. It was Mexico's first big-time...

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