Word: corrupts
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Significantly, 18 of the traders were charged under the often criticized Racketeer Influenced and Corrupt Organizations Act. Originally passed by Congress in 1970 to combat organized crime, RICO is increasingly being used as a battering ram against the clubby defenses of financial institutions. Because it allows prosecutors to seize all assets -- including homes, salaries and pensions -- of those indicted, many people facing a RICO count offer to inform on their former colleagues in exchange for leniency. Last week Anton Valukas, the U.S. Attorney who supervised the 2 1/2-year probe, advised both Chicago exchanges that if the RICO-charged traders...
...July 1979 took place "during the dictatorship"; everything afterward is "since the triumph of the revolution." Ten years ago this month, a victorious band of guerrillas who called themselves Sandinistas, embraced a unique brand of tropical Marxism, and promised to educate, heal and enfranchise the poor triumphed over the corrupt rule of Anastasio Somoza Debayle, the inheritor of a family dynasty begun in 1936. The Sandinistas had ridden to power on an armed uprising, aided by a cutoff of U.S. support to Somoza and pressure from Nicaragua's Latin neighbors. Jubilant Nicaraguans believed their national darkness had been lifted...
...recent turmoil and rebellion included many people because some party members, cadres and especially a minority of leaders were engaged in corrupt practices which made the people very dissatisfied," the People's Daily said. "Organizers of the rebellion used anti-corruption slogans to incite the uncertain public...
...that careless, wholesale cutting will denude the remaining forests of their commercial timber within as little as seven years. Local officials have given loggers access to an estimated 95% of Sarawak's forests that are outside existing or proposed parks and protected areas. Even those tracts are coveted by corrupt politicians. According to Harrison Ngau, a Sarawak native being held under house arrest for taking part in antilogging protests, some forests have been excised from protected lands to open them up to the lumbermen...
Voices in Congress and around Washington denounced an ethics reign of terror that is destroying reputations and perhaps driving good people from government. "It's genuinely frightening -- worrisome," says Thomas Mann, a congressional observer for the Brookings Institution. "The intensive moralizing has painted the House as utterly corrupt. It damages the institution and the environment of the Washington community...