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Herzstein Latin American Reading Room Opens in Zimmerman Library
By: Elizabeth Pillsworth

Las Noticias
Estudiantiles

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EDITOR
Tiffany Thomas

ASSISTANT EDITORS
Megan Thornton
Elizabeth Pillsworth
Libby Fisher
Christine Ageton

LATIN AMERICAN AND IBERIAN
INSTITUTE
Gil Merkx, Director
Theo Crevenna, Deputy Director
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Las Noticias Estudiantiles
is a publication of the Student Organization for Latin American Studies and the Latin American and Iberian Institute, University of
New Mexico,
Albuquerque.
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The opinions expressed in Las Noticias Estudiantiles are those of the individual contributors and not necessarily those of the staff,
SOLAS, or the Latin American and Iberian Institute. 

Comments and inquiries may be directed to the Editor at:

Las Noticias Estudiantiles,
Latin American and Iberian Institute, 801 Yale NE,
Albuquerque, NM  87131
Phone:  (505) 277-6847
E-mail:  t
iffthom@unm.edu

February 4, 1999 marked the dedication of the new Herzstein Latin American Reading Room, located on the second floor of Zimmerman Library.  Stocked with a wide variety of Latin American journals, newspapers, and magazines, the room has also been outfitted with a complete computer work area.
  The Reading Room was made possible by the generous donations of Sigmund ("Bud") and Barbara Herzstein, as well as by the El Paso Energy Cooperation and the UNM Board of Regents.  The Herzsteins, who live in Cambridge, Massachusetts, come from a long line of UNM graduates and were thrilled that their donation of $250,000 could be used toward the completion of the long desired Latin American Reading Room.  Consistent with their commitment to the libraries of UNM, the Board of Regents matched the Herzstein's donation, and the El Paso Energy Cooperation did their part for the project by providing $50,000 to purchase electronic workstations with Internet access, LIBROS terminals to access UNM's online catalog, and
CD-ROM workstations.
The dedication ceremonies were opened by Robert Migneault, Dean of the UNM General Library, who said that the new room will serve to symbolically draw together the resources of the university's great Latin American collection, which is physically spread throughout the campus. Dr. William Gordon, President of UNM, credited the collaboration of individuals, community groups, businesses, and foundations with making great libraries possible.
Dr. Linda Hall, Director of Latin American Studies (LAS) emphasized the importance of such a facility in supporting Latin American Studies at UNM. With 100 graduate students in the LAS program, it is one of the largest of its kind in the U.S.
The Herzstein Latin American Reading Room is a great addition to UNM's General Library, and will provide a convenient and comfortable location for students, faculty, and staff to utilize many of the Latin American materials available at UNM.

Dean Migneault cuts the ceremonial ribbon signifying the official opening of the
Herzstein Latin American Reading Room.


Photo by Christine Ageton

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Feb. 10, the federal government said it is providing a special line of credit to guarantee the full Eurobond-debt payment. Franco said he could pay half the amount due despite previous claims of having no cash. The move to offer credit could indicate that other states might get a break if they press hard enough, said Geoffrey Dennis, global emerging-market strategist at Deutsche Bank in London. It also shows the states' desperate fiscal condition, he added. "This is bad news for markets."

Prospects for 1999 are bleak

Economists are again revising their outlook for Brazil this year, suggesting a bad situation will grow worse. "We're looking at somewhere between a 4% and 6% decline in GDP right now. Things are going to be much worse from an economic perspective," said Jorge Mariscal of the Latin American Equity Research Division at Goldman, Sachs & Co. A report by US investment bank Bear Sterns last week forecast Brazil's annual inflation would soar to 17% in 1999. The crisis is already hitting jobs and output, with employment in the industrial sector shrinking by nearly 6% in 1998, while output was down 2%, the worst since 1992. Government reports confirmed record high unemployment, up two full percentage points to 7.6% last year, and gave dire predictions of nearly 10% joblessness in 1999. The return of inflation seems less frightening to many Brazilians than the loss of jobs. Sao Paulo registered 16,900 jobs lost just in the last 45 days. As Brazilians began the pre-Lenten Carnival celebration, Cardoso tried to ease concerns that the government was planning new measures during the holiday to appease the IMF and win back market confidence. "There's not going to be anything different this Carnival," he said. "Those who are able to dance will dance and those of us who can't, won't dance."



Reprinted with permission from
Latin American Data Base, UNM
http://ladb.unm.edu

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Interviews continued page 10

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