Bordering on Chaos

Mexican and American towns suffer from peso jitters

The border of Mexico and the U.S. is going through the most important crisis in the past few decades," declared Mexican President José López Portillo on a visit to Tijuana. If anything, that was an understatement. Last month's devaluation of the peso created an absolute mess for businesses in both countries. On the Mexican side, supermarket shelves were stripped clean of basic necessities by Americans who found their dollars worth three times as many pesos as they were a year ago. On the American side, merchants...

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