López Portillo occupied the Mexican presidency at a most auspicious time. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology. "), and asked for forgiveness over his mistakes as President and the economic crisis. We have created a browser extension. The other, ultimately his successor, was Miguel de la Madrid, who was chosen for his financial and administrative skills, which were deemed much more necessary after the devaluation of the peso in February 1982 and the subsequent economic crisis. Mexico was one of the few Latin American countries which did not support President Jimmy Carter's boycott of the 1980 Moscow Olympiad. López Portillo's first wife was Carmen Romano. By the summer of 1982 it had skidded to 100 to 1, its lowest point ever to that time, and inflation had begun to exact a heavy toll. Composed of excerpts from the detailed diaries he kept as president along with autobiographical notes and commentary on current national issues, Mis tiempos offers an unusual inside look at the normally veiled workings of the Mexican executive power. José López Portillo and Rojas (1850-1923) was a Mexican writer who was quite successful, especially for his short stories and his novels. [8], During his presidential term, his critics accused him of corruption and nepotism. The arrests came in 1983 and 1984. [13] This passionate speech, however, did little to repair his image, and he remains one of the most unpopular Mexican presidents in recent history.[2]. After studying Law at the National Autonomous University of Mexico, he practised law for a time, then returned to his alma mater as professor of political science. An accomplished painter, López Portillo also created the illustrations for this work. Jose Lopez Portillo, who died on Tuesday aged 83, was President of Mexico from 1976 to 1982, when he became reviled for having squandered his country's oil … He was the brother of late Mexican novelist Margarita López Portillo, who died on May 8, 2006, of natural causes. In 1971 Lopez Portillo was appointed minister of finance by President Luis Echeverria, a friend since student days, and earned high praise for his skilful management of fiscal policy and capable administration of an unwieldy bureaucracy. Congratulations on this excellent venture⦠what a great idea! When oil prices collapsed in 1981, Mexicans panicked and began swapping their pesos for dollars; in September 1982 the currency plunged from 22 to 70 per dollar, the steepest drop in the country's history. López Portillo was the last economic nationalist president to emerge from the ranks of the Institutional Revolutionary Party. His refusal to readmit the shah of Iran to Mexican territory precipitated a chain of events which culminated in the Iranian seizure of U.S. diplomats in Tehran. One, Javier GarcÃa Paniagua, would have been appointed if a man of greater political skill were needed. When he entered office, Mexico was in the midst of an economic crisis. He was the great-great-great grandson of José MarÃa Narváez (1768â1840), a Spanish explorer who was the first to enter Strait of Georgia, in present-day British Columbia, and the first to view the site now occupied by Vancouver. By late 1981, at a time when Mexico was importing expensive technology and capital equipment, a world oil glut precipitated a sharp drop in prices. Mexico's independent foreign policy saw that country recognizing the guerrilla rebels in El Salvador as a representative political force just at the time that the Reagan administration was trying to isolate the guerrillas. Please set a username for yourself. Predictions that prices for oil would continue to rise and enable Mexico to repay its foreign debt proved inaccurate. His spare time was devoted to boxing and karate, and writing works on political theory and two novels, Quetzalcoatl and Don Q, which were published in English in 1976; the Wall Street Journal extolled the former as "close to poetry in richness of imagery and force of emotion", the latter as "wholly cerebral". Lopez Portillo came to power with inflation having jumped from 20 per cent to 35 per cent in 1976, the trade deficit fast increasing, and social conditions steadily deteriorating. An advanced law degree from the Universidad Nacional Autónoma de México prepared him to teach law at that same institution. López Portillo was the last of the so-called economic nationalist Mexican presidents. After graduating, he began his political career with the Institutional Revolutionary Party (PRI) in 1959. Apart from the facet of a man of letters, I also hold various political positions both in his state and at the national level. New York Times correspondent Alan Ridings probed the issue of corruption in his book Distant Neighbors: A Portrait of the Mexicans (1984). Jose Lopez Portillo, who died on Tuesday aged 83, was President of Mexico from 1976 to 1982, when he became reviled for having squandered his country's oil windfall in a binge of borrowing and corruption. The president's school friend Arturo "El Negro" Durazo became chief of Mexico City police, though he had been indicted by an American grand jury on drugs charges; he was later sentenced to 25 years for corruption. Jose Lopez Portillo y Pachecho was born on June 16 1920 in Mexico City into a family that traced its roots back to a village in Navarre, northern Spain, from which Jose's forebears immigrated to Mexico in the 16th century. López Portillo was elected unopposed in 1976, though in any event the PRI was so entrenched that he was effectively assured of victory when EcheverrÃa chose him as the PRI's candidate. López Portillo's personal friend and his handpicked chief of police for the Federal District, Gen. Arturo Durazo Moreno, allegedly became a millionaire by supplementing his $65 a week salary with extortion, tax evasion, robbery, and narcotics, but he fled the country before the warrant for his arrest could be served. In an interview with Time magazine in 1977, he said his government's major problems were "food, energy, education, health, unemployment and inflation". José Guillermo Abel López Portillo y Pacheco, RSerafO (Spanish pronunciation: [xoˈse ˈlopes porˈtiʝo]; June 16, 1920 – February 17, 2004) was a Mexican lawyer and politician affiliated with the Institutional Revolutionary Party (PRI) who served as the 51st President of Mexico from 1976 to 1982. As Mexico's leading source of foreign exchange earning was curtailed López Portillo watched the Mexican peso begin to drop against the dollar. No formal charges were ever brought against him, but the Mexican press took considerable pleasure in publishing photographs of the four political residences which he built for himself and his family in plush Mexico City suburbs before leaving office. [11], In 1981, the Cancun Summit, a North-South dialogue, took place. To counter this "extremely negative image I have in Mexican Society, " as López Portillo acknowledged to Larry Rohter in the New York Times, the ex-president wrote a two-volume, thirteen-hundred-page history and defense of his administration titled Mis tiempos: Biografia y testimonio politico (title means "My Times: Biography and Political Testament").
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