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Word: berisha (lookup in dictionary) (lookup stats)
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...armed with rifles and machine guns, keep watch over the main coastal road, halting the few cars on the move, checking documents and asking questions. The tall man in charge of the group is Krenar Hoxha, who says, "We are waiting in the hills to repel the army of Berisha." Young insurgents fire their weapons into the air and shout, "Down with Berisha...

Author: /time Magazine | Title: THE PONZI REVOLUTION | 3/17/1997 | See Source »

That would be President Sali Berisha, a hard-line conservative who has used the past six weeks of demonstrations as an excuse to tighten his personal grip on power. With protests over the collapse of fraudulent investment schemes convulsing Albania, Berisha dismissed the government and shook up the armed forces. Last week he declared a state of emergency and then had his rubber-stamp Parliament re-elect him President. Protesters reacted by switching their targets from the Ponzi schemes to the one-man rule of Berisha. Simmering economic differences between the poorer north and the south boiled over, and several...

Author: /time Magazine | Title: THE PONZI REVOLUTION | 3/17/1997 | See Source »

...town of 70,000, had recently been prosperous, at least in Albanian terms, largely because some of its residents are noted for their skill at smuggling. Since they had money to lose, they lost more than most Albanians in the collapsing pyramid funds. They have had it with Berisha. "He is a thief who stole our money," says Idris Nimet, a carpenter turned rebel. "Berisha will never get to Vlora. The people are with us, the soldiers are afraid, and everyone has guns...

Author: /time Magazine | Title: THE PONZI REVOLUTION | 3/17/1997 | See Source »

...city center a crowd of about 1,000 gathers to hear a speaker demand the ouster of Berisha, but he is preaching to the converted. "Here in Vlora," says Velo Cazin, 44, "all people think as one. Berisha must come down." They also think they can somehow be given back the money taken by the pyramid funds, even though almost every Albanian lost some savings...

Author: /time Magazine | Title: THE PONZI REVOLUTION | 3/17/1997 | See Source »

TIRANA, Albania: Rebels have so far rejected President Sali Berisha's offer of amnesty if they lay down their arms. Instead, insurgents in Albania's southern cities organized self-defense units a nd vowed to continue fighting until Berisha resigns and new elections are called. "Weapons will not be turned in until this problem is solved," said Faud Karaliu, the new police chief in the southern city of Sarande. Civilians, who are enraged over lost life savings in corrupt investment schemes, have commandeered tanks, raided military armories and barricaded the cities of Vlore, Delvine and Sarande against government troops. Berisha...

Author: /time Magazine | Title: Collapsing Pyramid | 3/7/1997 | See Source »

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