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That empire grew from a modest beginning. When he seized power in 1933, Tacho's father, Anastasio Somoza García, had only a near bankrupt coffee farm to his name. Little by little, he added to his holdings. If he saw a plantation he admired, for example, Somoza García made its owner an offer he dared not refuse, usually about half the property's real value. Often as not, the owner presented the land as a gift. By the time of his assassination in 1956, Somoza García was worth about $150 million...

Author: /time Magazine | Title: World: Somoza's Legacy of Greed | 8/6/1979 | See Source »

...parents, friends and family in the poverty-stricken, politically-torn wasteland of Jamaica--where music and ganja are the accepted antidotes for hunger, humiliation, wage labor and police brutality. He comes from Kingston, more specifically, Trenchtown--a filthy oasis of life in Jamaica's post-colonial, morally-bankrupt desert...

Author: By J. WYATT Emmerich, | Title: Bob Marley: The Rasta Wizard Puts on Ivy | 7/20/1979 | See Source »

...Daddy's bankrupt state...

Author: /time Magazine | Title: UGANDA: After the Fall | 6/25/1979 | See Source »

...Khan's antagonist is Wayne Murty, 42, a leading U.S. horse trader and bloodstock agent from Lexington, Ky., and the clash concerns the racing stable of French Textile Tycoon Marcel Boussac, who went bankrupt a year ago. Among Boussac's 200 or so Thoroughbred horses are some of the most sought-after broodmares in the business...

Author: /time Magazine | Title: FRANCE: A Horse Opera | 5/28/1979 | See Source »

LONG. He would restrict coverage to so-called catastrophic illness or accidents, protecting everyone against the huge medical bills that can bankrupt even a moderately well-off family. He has suggested, for example, that payments begin after $2,000 in doctor's fees plus 60 days of hospitalization. At minimum room rates, that would be a "deductible" of at least $12,000. The $3 billion-a-year plan would be financed entirely by employers. Long wants the plan to be fully enacted as soon as possible...

Author: /time Magazine | Title: Health Cost: What Limit? | 5/28/1979 | See Source »

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