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...restoration of a new Russian empire under Czar Boris. Although Gorbachev's statement that "the Soviet President and the Russian parliament need each other" drew jeers from Russian Deputies, that claim may yet be vindicated. Gorbachev can certainly play a crucial role now as an independent mediator, power broker and guarantor of a new Union...

Author: /time Magazine | Title: A Chastened Character In Search of a Role | 9/9/1991 | See Source »

...many American officials stunned by the anti-Gorbachev putsch was ROBERT STRAUSS, the Democratic power broker whose fondness for creature comforts made him an unlikely ambassador to the Soviet Union. "I'm not sure I'm the right guy for the job," confessed Strauss in the early hours of the crisis. But as he thought about the prospect of taking on the hard-liners, Strauss warmed to the challenge. "I guess I could tell those motherf--- sons of bitches off," he concluded...

Author: /time Magazine | Title: I'm Having Second Thoughts About Leaving . . . | 9/9/1991 | See Source »

...unbroken string of political blunders, and now people are beginning to question his ability to understand a rapidly changing international scene. His latest mistake: publicly concluding that Gennadi Yanayev and his co- conspirators were "the men in charge" and calling sanctions "premature." This follows Mitterrand's efforts to broker a peace plan just hours before the deadline for Iraq to withdraw from Kuwait, and his vain / attempt to halt German unification...

Author: /time Magazine | Title: Just Call Him Faux Pas Mitterrand | 9/9/1991 | See Source »

...delivery of munitions-grade nuclear hardware and technology to Iraq and Iran, it is the Pakistanis who are the chief beneficiaries of Abedi's multifarious services. "You can't draw a line separating the bank's black operatives and Pakistan's intelligence services," says an international arms broker, who provided details of recent B.C.C.I.-generated orders for nuclear-bomb supplies for Pakistan. "And in Karachi his bankers are surprisingly patriotic...

Author: /time Magazine | Title: Scandals: Not Just a Bank | 9/2/1991 | See Source »

...very act of operating simultaneously as a bank and as a broker gives B.C.C.I. an enormous advantage: it is instantly able to fund virtually any deal it wants and empower any middleman it chooses to pull such a deal off. The B.C.C.I.-brokered sale of F-4 Phantom jet parts to Iran from the U.S. offers a good illustration of the process. The deal starts when B.C.C.I. learns from its sources in Iran that it wants to buy spare parts. B.C.C.I. and its agents then research the supplier market to obtain the price of the materiel. Because U.S. restrictions...

Author: /time Magazine | Title: Scandals: Not Just a Bank | 9/2/1991 | See Source »

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