Word: chiles
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Since the early 1980s, Cardoen has sold Iraq thousands of cluster bombs and other explosives, as well as such weapons-related technology as computer- operated metal lathes. Iraq in turn has helped make Cardoen, 48, one of the richest men in Chile; his firm, Cardoen Industries, has grossed $400 million from the cluster bombs alone. No wonder that until recently, Cardoen kept President Saddam Hussein's portrait hanging in a place of honor in his Santiago factory...
Because of Iraq's invasion of Kuwait, Cardoen stands to lose millions. Since Chile is honoring the embargo against Baghdad, he was forced to cut off his lucrative contracts, the latest of which was for a $60 million plant in Iraq designed to produce fuses for bombs, artillery shells and rockets. The 31 Cardoen engineers who were working on the project have returned to Chile; it is not clear when, if ever, Cardoen will be paid. Cardoen also suffered a blow when U.S. officials refused to certify as airworthy his military adaptation of the Bell 206 helicopter, a move...
...knows the shrewd and innovative Chilean entrepreneur, however, expects the loss of the Iraqi account to set him back for long. With a Ph.D. in metallurgical engineering from the University of Utah, Cardoen first worked in the U.S. and Chile as a mining engineer. He founded the company that bears his name in 1977, after Chile's former President, General Augusto Pinochet, whose repressive government was the object of an international arms-sales boycott, asked local companies to fill the gap. Though arms manufacture has been Cardoen's main business ever since, he also deals in industrial explosives, real estate...
Bush, speaking with reporters along on his tripto Chile, dismissed a U.N. proposal circulatingThursday for a Middle East peace conference,renewing his rejection of Saddam's attempt to linkresolution of the crisis with the Arab-Israeliconflict...
When he gets back from that jaunt, he plans to hang out at 1600 Pennsylvania Avenue for only four days, then to roar south to Argentina, Brazil, Chile, Venezuela and Uruguay. In January it must be Moscow, if Bush's pal Mikhail Gorbachev is still in charge, followed by stops in Turkey and Greece. By the end of February, Air Force One is expected to be riding the billowy cumulus above Australia, headed for South Korea and Japan, leading to the dark suspicion that Bush may be trying to emulate Lyndon B. Magellan (a tag pasted on L.B.J. when...