Word: businessmen
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Cynics in Kenya refer to President Daniel arap Moi's mining interests as "That's mine! That's mine! And that's mine! . . ." Expatriate businessmen estimate that wealthy Nigerians have enough money in personal deposits abroad to pay off the country's entire foreign debt, more than $36 billion. Zaire's President Mobutu Sese Seko has a personal fortune that has been estimated from $4 billion to $6 billion, not far below the level of the country's external debt. He has isolated himself from his people -- and from gathering political unrest -- aboard a luxury yacht that cruises the Zaire...
...gross domestic product in 1979 to 130% in 1991, effectively crowding out the private sector's ability to tap into domestic credit sources. "They mortgaged their soul to the West," says a diplomat. Now, with an integrated European market about to become reality, the attention of French businessmen is being distracted away from Africa. And a unified European Community may force Paris to adopt a Europe-first policy, denying the Ivory Coast its privileged position within France...
Frustration over Africa has led some outsiders to the conclusion that Africans are hopeless at organizing anything. The reverse is true: they are ingenious organizers and able businessmen. The problem is bad government...
...Fortune magazine will have to pay $4.37 million in compensatory damages to Michael and Ian Braun. Their father, a businessman, was murdered in a contract killing set in motion by a 1985 classified ad headed GUN FOR HIRE and offering the "special skills" of a "professional mercenary." Two other businessmen, the advertiser, Richard Michael Savage, and an associate of his, were convicted of conspiracy in the murder. Soldier of Fortune, the court ruled, was negligent in publishing an ad that clearly indicated the advertiser was "ready, willing and able to use his gun to commit crimes" and presented a "danger...
...which the insured get the world's most costly care and the uninsured get next to nothing -- it would be the good people of Oregon. Blessed with a long history of social-policy experimentation, they attacked the problem with almost heartbreaking earnestness. Beginning in 1983, they assembled doctors, businessmen and labor leaders for marathon discussions about how to distribute the state's limited resources. They built elaborate computer models to help rank medical procedures by cost effectiveness. They held 47 town meetings to thrash out the rules by which medical priorities would be set, and then followed up with...