Word: commonwealths
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Then there is the issue of Section 936 of the Internal Revenue Code, which permits U.S. companies to shelter the profits of their Puerto Rican subsidiaries. Now worth about $3.4 billion a year, this huge tax break was intended to create industry and jobs. To the statehooders, both the commonwealth and its chief economic prop, Section 936, are obsolete because they no longer produce much economic growth. Rossello argues that Puerto Rico can go forward only with "full participation, with all the rights, all the privileges but also all the responsibilities" of statehood. While he makes the transition sound easy...
...humbled losers were not the defeated defenders of the White House, who capitulated with their hands over their heads. Boris Yeltsin's victims were instead the smiling leaders of Georgia, Armenia and Azerbaijan, who appeared before President Boris Yeltsin at the Kremlin to announce they would join the Commonwealth of the Independent States. The architect of this "class reunion," Defense Minister Grachev, was sitting next to Yeltsin. He, too, was smiling...
...contrast, Yeltsin has sought to safeguard Russia's relations with the West by more subtle muscle-flexing. Economic blackmail and "rouge" army units have been his weapons to coerce the former republics into the Moscowdominated Commonwealth of Independent States. He seems willing to allow Russia's neighbors to retain the trappings of sovereignty, provided Moscow has the final say on important policy questions...
...brink of chaos, Ukraine has already made major concessions to Moscow. An original, though reluctant, member of the C.I.S., it has agreed to tighter economic coordination within the Commonwealth, and has surrendered the entire Black Sea Fleet to the Russian Navy. Now, special Russian access to Ukraine's Black Sea ports and Ukraine's acceptance of the Russian-dominated C.I.S. security treaty seem only a matter of time...
After Georgia promised to join the Commonwealth of Independent States, dominated by Russia, Moscow agreed to send troops to defend a vital railway in the western part of the republic, where fighting between rebels and government forces persists. Georgian leader Eduard Shevardnadze has accused the Russian military of helping the Abkhazian separatists...