It's true that Mexico's default on its debts in 1982 was followed by years of hard times. But Argentine and Russian memories of default are far less "searing"
On Friday (5/18/12) we noted that the New York Times and Washington Post had long pieces about a drug war shooting in Honduras that reportedly killed four innocent bystanders, including two pregnant women. The story got increased attention here in the U.S. because of the apparent involvement of the U.S. Drug Enforcement Agency. Honduran officials and sources claimed the dead were civilians. The Times and Post, though, granted anonymity to U.S. officials to claim that the dead were maybe not civilians at all; in fact, according to some of these unnamed officials, the whole town where the shooting occurred was involved […]