Word: corruptable
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This is not to say that the picture was rosy in pre-revolutionary Nicaragua. Although there may have been a relatively more stable economy and a higher per-capita income, wealth was concentrated in the hands of the Somozistas and the ruling elite that backed Somoza's corrupt and repressive regime. But the ten years of Sandinista rule undeniably increased the overall poverty of the country. This was what Chamorro--in Washington this week to plead for more aid--has pledged to reverse. This is what she has failed...
...addition, such aid tends to get funnelled into government rather than private enterprise. And those private companies that do receive aid are, more often than not, chosen to please corrupt government cronies rather than to invigorate competitive enterprise...
Promising to replace Traore's "bloodthirsty and corrupt regime" with multiparty democracy, the coup leaders quickly formed a 17-man National Reconciliation Council headed by Lieut. Colonel Amadou Toumani Toure, 43, commander of the parachute forces. The council has announced plans to form a 25-member interim administration, which will hold multiparty elections by 1992. But democracy still faces a stiff challenge in this drought-prone nation of 8 million, one of the world's poorest countries. While the coup brought the chance of greater freedom, it also continued the pattern of violent overthrows plaguing the continent...
T.F.A.P. was the industrial world's largest collective effort to help address the developing world's environmental problems. It was launched with assurances that the program would not repeat the mistakes of past development efforts, which included duplication of effort; rip-offs by contractors, consultants and corrupt officials; and a tendency to promote the donor's priorities at the expense of the Third World's. Unfortunately, the forestry plan ended up repeating many of these failings...
Investigators say it is one of the most powerful and corrupt banks they have ever encountered. The shadowy $30 billion offshore enterprise called Bank of Credit & Commerce International made headlines briefly when it was convicted of laundering drug money in the U.S. last year, but its story came home with shocking force to most Americans more recently. B.C.C.I., investigators have found, has for years secretly owned the largest bank in Washington, First American Bankshares, despite a decade of denials by one of the city's most respected figures, lawyer and First American chairman Clark Clifford. Bad enough that an unregulated...