Word: balloonfuls
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...traffic have reached into Nicaragua and Paraguay, while continuing to flourish in Mexico and the Caribbean. The cocaine business has, in fact, drawn its net around every country in South America except the tightly policed dictatorship of Chilean President Augusto Pinochet. "The drug trade is like a water balloon," says one frustrated U.S. official in Colombia. "You step on it in one place, and it squeezes out the side of your foot...
DIED. Ben Abruzzo, 54, ballooning adventurer who braved sub-zero temperatures, raging storms and "cold sinks" in historic first balloon crossings of both the Atlantic and Pacific oceans; in the crash of a twin-engine Cessna 421 plane; in Albuquerque. With fellow New Mexico Businessmen Maxie Anderson and Larry Newman, Real Estate Developer Abruzzo flew the helium-filled Double Eagle II on a six-day journey from a Maine meadow to a French wheatfield in 1978. Three years later, with Newman and two others, he took off in Double Eagle V from Nagashima, Japan, and crash-landed in Northern California...
...American exports more expensive in Japan. Economists think the dollar may decline a bit over the next year or two, but not nearly enough to erase Japan's surplus. In fact, some Japanese trade experts predict that their country's favorable balance of trade with the U.S. could balloon to $75 billion...
...book for Nicaraguan rebels, Psychological Operations in Guerrilla War, has been high profile. When it was being distributed in Nicaragua, however, it seems the manual was also highflying. Congressional investigators revealed last week that packets of the controversial booklets were attached to about 100 specially designed balloons and floated from neighboring Honduras to Nicaragua last March to scare the leftist Sandinista government by creating the impression that the Washington-backed rebel effort was more widespread than it was. The airborne handbooks, coated in plastic to make them water-resistant, were among 3,000 printed at CIA headquarters. But only...
...Treasury trial balloon, released last week, is not the only major tax-reform proposal afloat in Washington. Rival versions were introduced in Congress last year. The Republican plan, sponsored by Congressman Jack Kemp of New York and Senator Robert Kasten of Wisconsin, comes closest to the idea of a "flat tax," a single rate for all taxpayers. The Democratic alternative, sponsored by Senator Bill Bradley of New Jersey and Congressmen Richard Gephardt of Missouri, offers graduated but lower tax rates. Below, the main features affecting individual taxpayers are compared with current...