1950 - Alvarez was born in Aguadilla, Puerto Rico.
1971 - She earned her Bachelors of Arts degree graduating Cum Laude.
1982 - She won an Associated Press Award for Excellence and was nominated for an Emmy Award for her reporting of guerilla activities in El Salvador.
1993 - She was named Director of the Office of Federal Housing Enterprise Oversight.
1997 - She was appointed as Administrator of the Small Business Administration by President Bill Clinton and was the first hispanic woman and Puerto Rican that served as an executive officer in a President's Cabinet.
2000 - She was elected to the Board of Overseers of Harvard University.
2004 - She was named official spokeswoman for Senator John Kerry.
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