Word: chile
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Dates: during 1990-1999
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This coup, which sent Haiti's first freely elected President into exile after eight months in office, was particularly galling to the U.S. and the Organization of American States. The OAS had concluded at a meeting in Chile only four months ago that all 34 of its members were now democracies. To protect their legitimate governments -- some of them shaky -- from possible overthrow by military plotters, the organization's foreign ministers were authorized to "adopt any measures deemed appropriate" to reverse future coups...
...assemble those facts, DEA agents have tracked down more than 1,000 leads in Texas, Mexico, Chile, Canada, Germany, France, Belgium and even South Korea. Prosecutors have lined up a formidable rogues' gallery of drug dealers, $ dope pilots, shady businessmen and former Noriega military cronies to testify against him. The star witness will be Panamanian pilot Floyd Carlton Caceres, who claims he was the general's point man with the Medellin cartel. In addition, six of the 15 men indicted along with Noriega have been convicted and have turned state's evidence in exchange for a promise of leniency...
...Peru the Senate began looking into charges that former President Alan Garcia Perez looted government funds by siphoning them through B.C.C.I. accounts in Panama. Returning from a month-long vacation in Europe, Garcia hotly denied the accusations. At the same time, officials in Chile and Argentina scrutinized the financial affairs of Ghaith Pharaon, a Saudi tycoon and B.C.C.I. front man who is building Hyatt hotels in both countries...
...long run, requires sacrifice in the short run. Although the Soviet Union is not yet a democracy, its leaders must nevertheless fear the consequences of popular wrath. One school of thought holds that for this reason the best route to reform is based on the dictatorship model of Chile and Singapore: bring capitalism, and hope democracy will follow. But most skeptics about aid to the Soviet Union want democracy simultaneously or even as a precondition. The pious hope that democracy can ease and legitimate sacrifice for the national good is not exactly vindicated by current American experience...
...Next to Chile, Mexico enjoys the best odds of making privatization work. Former President Miguel de la Madrid sold the Aeromexico national airline for $193.8 million to a group of Mexican investors in 1988. Sales took off after Carlos Salinas de Gortari became President later that year. Mexicana, the other state-owned airline, was sold for $140 million to a consortium including Mexico's Group Xabre conglomerate and the Chase Manhattan Bank. Next to hit the auction block was Cananea, one of the largest copper mines in the western hemisphere, sold last summer for $475 million to Mexican copper baron...