Word: credit
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Dates: during 1980-1989
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...People's Congress, but he continued to battle for the multiparty system he knew was indispensable if true democracy was ever to come to his homeland. Andrei Sakharov did not live to see freedom flower completely, but if that day ever does come, he will deserve much of the credit for planting and nurturing the seed...
...often exempt from the $10,000 rule, launderers have created front companies or collaborated with employees of such outlets as 7 Elevens and Computer-Land stores. To drug dealers, "an exempt rating is like gold," says a Wells Fargo Bank vice president. A restaurant that accepts no checks or credit cards can be an ideal laundering machine. Even a front business with no exemption is valuable because launderers can file the CTRs in the knowledge that they are unlikely to attract scrutiny, since the Government is swamped with 7 million such reports a year, up from fewer than...
...small countries have successfully attracted banking business by creating discreet, tax-free havens. In Luxembourg total bank deposits have grown from $40 billion in 1984 to more than $100 billion last year. In the wake of a drug-money scandal involving the Florida operations of Luxembourg-based Bank of Credit and Commerce International, the country has tried to burnish its public image by declaring money laundering a criminal offense, even while it has fortified its bank-secrecy rules...
...opposition to Soviet domination he represents, which brought millions into the streets. It is true that he could have repressed the demonstrations, but it might not have worked and would have inevitably derailed his brilliant diplomatic blitzkrieg aimed at psychologically disarming the West. Instead, he is now getting credit for developments he could not contain...
...agencies as the Veterans Administration and the Department of Energy may have allowed scandals rivaling the estimated $8 billion imbroglio at the Department of Housing and Urban Development to go undetected. But the gravest worries were triggered by concerns about the solvency of more than $5 trillion in federal credit and insurance programs that cover everything from bank deposits to student loans and Third World aid. While no one expects all such programs to fail, bad debts and write-offs are steadily increasing. "Losses from these programs have already cost the taxpayers tens of billions of dollars and have...