Word: contra
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Dates: during 1980-1989
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Wherever the complicated trail of the Iran-contra affair leads, it seems at some point to intersect with retired Air Force Major General Richard V. Secord. The blunt, no-nonsense West Point graduate has remained aloof and silent since the scandal broke last November. But beginning Tuesday, when he appears as the joint congressional committee's opening witness, the mysterious Secord may become a household name and perhaps the first man to piece together the complex puzzle of Iranscam...
Reagan could easily understand Nakasone's political troubles because he has plenty of his own in the wake of the Iran-contra scandal. In addition, Reagan has to deal with a Congress that has become increasingly protectionist. As America's trade deficit has steadily grown, political leaders have become more and more vocal in their demands for a halt in Japanese imports. Tokyo last week released new figures showing that Japan's worldwide trade surplus ballooned to an astonishing $101.4 billion in the twelve-month period that ended in March. Some $52 billion of that bulge came from trade with...
...process begins again this week as klieg lights illuminate the solemn faces of 15 Congressmen and eleven Senators seated on a two-tiered dais draped in burgundy bunting, at the opening of a four-month public exploration of the Iran-contra affair. This is the same Senate Caucus Room where television cameras revealed Senator Joseph McCarthy as a snarling bully. It is where Richard Nixon's closest aides told lies in a vain effort to support the President's Watergate crimes...
...addition to describing the network of private operatives North used in both the Iran arms deals and the contra-supply operations, Secord is expected to help untangle one of the scandal's chief remaining mysteries: Where did the money go? An arms dealer ever since he left the Pentagon in 1983, Secord joined a company run by Albert Hakim, an Iranian American who recently gave committee investigators thick notebooks containing details of the firm's various bank accounts. Proceeds from the Iranian arms sales as well as covert money for contra military supplies are believed to have moved through these...
...committee's plan is to conduct its hearings in three stages: 1) the contra funding and military-resupply operation, which may take about four weeks; 2) the Iran arms deals and who may have been responsible for the diversion of profits to the contras, running into August; 3) a wrap-up period exploring the lessons learned and what legislation, if any, might be needed to prevent a similar breakdown in the orderly and accountable conduct of foreign policy. The committee should be finished by Labor...