Que onda? That question, or its English equivalent--What's going on?--is being asked throughout Mexico, in Washington and on Wall Street. Is the Mexican government at war or peace with rebels in the southern state of Chiapas? Does the governing party's electoral defeat in Mexico's second biggest city, Guadalajara, and in the state of Jalisco portend a loss of political control or a heartening turn toward genuine democracy--or maybe both? Most important, does Mexican President Ernesto Zedillo Ponce de Leon, less than three months into his six-year term, have a consistent strategy for dealing with political and financial crises, or is he...
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