Word: contra
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...wake of the Iran-contra fiasco, the President moved last week to head off congressional efforts to restrict his power to conduct covert activities. In a formal announcement made in the Oval Office on Friday, Reagan promised that he would notify Congress of such initiatives within 48 hours, barring the "most exceptional circumstances...
...private individuals assisting in such activities; that all covert actions be subject to annual review. The House Intelligence unit is working on a similar agreement. But Oklahoma Democrat David Boren, chairman of the Senate committee, conceded that the new accord was not an "absolute, airtight insurance policy" against Iran-contra-style capers...
...Party of God, terrorists who revere Khomeini. Acting under such names as the Islamic Jihad and the Revolutionary Justice Organization, the Hizballah is suspected of holding most of the 24 foreign hostages, including nine Americans and Anglican Envoy Terry Waite, who are missing in Lebanon. As the Iran-contra hearings showed, Reagan's arms sales to Iran were designed primarily to pry Americans from Hizballah's grasp. The deals apparently did secure the release of three Americans -- though four more were subsequently kidnaped -- just as French contacts with Iran appeared to win freedom for five Frenchmen last year...
...photo opportunity on Friday, Reagan made the baffling assertion that he had not "heard a single word" indicating that any crime was committed. That was a worrisome indication that he still may not understand what went on ! -- or may not want to. Two contra fund raisers have already pleaded guilty to a conspiracy to defraud the Government, and there has been clear evidence of destruction of official documents as well as probable unauthorized use of Government funds...
...reaching agreement with the Soviet Union on a sweeping reduction in intermediate-range nuclear missiles. This would raise the remote possibility of a cutback in strategic missiles, whose numbers have continued to grow, albeit at a slower rate, under past treaties. However he may be diminished by his Iran-contra adventure, Ronald Reagan is unlikely to go down in history as a mere potted plant. In his final 16 months as President, he may yet carve out a more elevated niche...