Word: formers
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Dates: during 1970-1979
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...serving in it. It's unfortunate, but that's the way it is." From policemen to Cabinet officers, officials routinely ask for and get bribes, ranging from the $2 that will persuade a traffic cop to tear up a ticket to the multimillion-dollar fraud allegedly perpetrated by the former head of a government tourist fund...
...theory, prevalent at the time of his nomination, was that after leaving office Echeverria secretly hoped to manipulate López Portillo from behind the scenes. A more plausible explanation is that the former President recognized how deep Mexico's malaise really was, and in a statesmanlike manner settled on a capable economist who could restore business confidence. When he handed over the sash of office on inauguration day, a newsman asked: "What is going to happen to the Echeverristas now?" The ex-President answered: "There are no Echeverristas, only López Portillistas...
...plot first came to light when Dacko, a former President now reinstalled in Bokassa's place, revealed that the French had dreamed up the whole scheme and flown him and 500 French troops into the country to engineer the takeover. "Some countries call upon Cubans," declared Dacko disingenuously. "Why shouldn't we call upon French troops, since they are our friends?" French officials, mindful of criticism about previous interventions in Chad, Zaire and Mauritania, at first denied all, then admitted "helping out," and finally delivered a confession boasting that it was the only coup lately in which...
Meanwhile, trouble was also stirring back in the Central African Republic, as it had been promptly renamed. Although Dacko released political prisoners jailed during the Bokassa reign, there was resentment when he reappointed many members of Bokassa's Cabinet. At the same time, supporters of former Prime Minister Ange Patasse, a prominent opposition figure who had quit the Bokassa regime in 1978 in protest over its atrocities, staged anti-French demonstrations when his departure from Paris was held up by technicalities. At week's end Patasse castigated Dacko as an accomplice of Bokassa and demanded he resign. Part...
TIME's board predicts only moderate relief. The peak of inflation has been reached, but the road down will be slow. David Grove, a private consultant and former chief economist for IBM, foresees a 1980 inflation rate of 9.5%, or double the level of only three years ago. Says he: "Inflation will continue as long ahead as we can see." Okun maintains that the latest surge of inflation has placed the economy on a higher price plateau, where it will stay for years to come. Even after the recession is over, he predicts, prices will be increasing...