When Daniel Ortega was Nicaragua’s President in the 1980s, he and his quasi-communist Sandinista regime turned the Central American nation into an economic basket case. Hyperinflation, massive ...

In March 1986, TIME ran a cover story featuring Sandinista leader Daniel Ortega: the headline read “The Man Who Makes Reagan See Red.” Much has changed over the past four decades. The Cold War ...

Regaining power after winning the 2006 presidential race by a narrow margin, Ortega chose to hitch his future to free-market orthodoxy. In each quarter during his presidency, the International ...