Word: conduits
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Dates: during 1980-1989
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...Senate report provides a chronology of the Iran affair, Boren ! stressed that the investigation is still incomplete. That was bound to be the case, since some of Iranscam's key players -- North, Poindexter and retired Air Force Major General Richard Secord, whom the panel identifies as a principal conduit of supplies to the contras -- exercised their Fifth Amendment rights and refused to testify. Nevertheless, the report will serve as an essential point of reference for the congressional select committees investigating the scandal...
...cable is only the size of a large garden hose, and its route across the marshlands of New Jersey is not particularly breathtaking. But AT&T workers are taking extraordinary care in handling and splicing this slender conduit as they work their way inch by inch toward the ocean. This is no routine telephone line going in. When it reaches its final destination -- Europe -- in 1988, the $335 million cable will be the first telephone line to carry voices and data across the Atlantic on beams of light...
...both of whom have since left the firm. In tracking down the accusation, Merrill Lynch authorities discovered that their employees' actions mirrored trades ordered through an account at the Bahamas branch of Switzerland's Bank Leu International. The brokerage did not know it, but the account was the main conduit used by Levine for making his own insider moves. Merrill Lynch passed on the information about Bank Leu to U.S. authorities in June 1985; it took almost a year before Swiss authorities agreed to divulge the name behind the account number...
Sccord has acknowledged giving the Contras advice, but "has steadfastly denied that he is a conduit or a middleman for Saudi Arabian aid," said his lawyer Tom Green...
Taking a larger role in such crises will be a novel experience for both Conable and the World Bank. The bank was founded in 1945 as the chief conduit for aid to war-torn Europe and Japan. It was viewed as a source of 15- to 20- year development loans, while the International Monetary Fund was created simultaneously to provide short-term lending to countries suffering from balance of payments problems. Since World War II, though, the World Bank has * evolved from a long-term lender for Third World public works to a technocratic antipoverty institution with some...