Word: ares
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Dates: during 1980-1989
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If George Bush had ordered American forces to prevent Panamanian soldiers from reaching the headquarters where Manuel Noriega was bottled up, the U.S. surely had the military muscle to do the job. The 12,000 U.S. combat troops under the Southern Command far outstrip the 6,000-man Panama Defense...
Panamanian rebel commander Moises Giroldi apparently ignored the even greater threat from Battalion 2000, based near the airport 15 miles east of Noriega's headquarters. This group of 800 officers and men has 90% of the P.D.F.'s firepower -- including 120-mm mortars, rocket launchers and armored personnel carriers -- and...
There are few more abject sights than that of Congress surrendering to interest-group pressure. But even by the craven standards of Capitol Hill, it was striking when the House voted 360 to 66 last week to rescind the Medicare catastrophic health-insurance program that it had lopsidedly approved amid...
The Italian economy, however, ignores the problem. For the past six years, its annual growth rate of 3.5% to 4% has been one of Europe's highest. Inflation has come down smartly from more than 20% in 1980 to 5% last year. The lira has appreciated against most other currencies...
Even sobersided economists accept that there is something odd about the Italian experience. A recent scholarly study, The Italian Miracle, does smack of the supernatural compared with the German miracle, which was 99% hard work. But there are rational elements. Italians are great savers, squirreling away 15% of income, much...