Word: extortionate
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In discussing payoffs by businessmen in making foreign deals, "Big Profits in Big Bribery" [March 16], you failed to understand that it is extortion, not bribery that is the problem. Until all exporting countries agree not to submit to extortion, the practice will flourish. The 1977 Foreign Corrupt Practices Act...
DIED. Hugh Addonizio, 67, burly Democratic Congressman from New Jersey (1949-62) and mayor of Newark (1962-70), who was convicted of extortion and conspiracy in 1970, spent five years in federal prison; of a heart attack; in Red Bank, N.J.
But a vociferous group of critics contends that by turning over any cash at all to the Iranians, the U.S. is paying ransom to the kidnapers and setting a potentially disastrous precedent. Says Michael Ledeen, editor of the Washington Quarterly: "I don't think we should reward criminals with...
Ever since militant Iranians seized the American hostages, the Soviet and Eastern European press have blamed the U.S. for the crisis. When it ended last week, the Communists stepped up the propaganda barrage. Said the Soviet news agency TASS: "The settlement of the crisis in Iran will in no way...
"Nearly two-fifths of the oil consumed by the free world's economy is vulnerable to terrorism, accident, warfare, or extortion," Joseph S. Nye-professor of Public Policy and a co-editor of the study, argues on the book's first page. "The sudden loss of Persian Gulf oil for...