Word: gaddafi
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...House. Reagan had nominated Supreme Court Justice William Rehnquist to become Chief Justice, and Antonin Scalia to fill Rehnquist's seat, and they promised to be eminently successful nominations. In the months before, the Philippines and Haiti had gone his way, toward democracy. He had struck back at Muammar Gaddafi in Tripoli. He had flown to Geneva and spent five hours with the supposedly formidable Mikhail Gorbachev, doing well. None of this suggested the nursing-home President that some had envisioned...
...requirement that they acknowledge Israel's right to exist. The Saudis have repeatedly irritated the U.S. by refusing to use their clout when it was most needed, whether to restrain Syrian excesses or pressure Arafat into coming to terms with Jordan. Though they have their own grievances against Muammar Gaddafi, most moderates joined the chorus of denunciation against the U.S. raid on Libyan targets...
Fiat became entangled with Libya in 1976. The company was short of cash, and Gaddafi, who was piling up petrodollars, was not then generally viewed as a bankroller of terrorists. Fiat welcomed Libya's investment of some $400 million. Recalls Agnelli: "We liked petrodollars. Everybody needed petrodollars...
...good investment. Says Agnelli: "We have offered to buy, but they won't sell." Adds Roberto Nicolello, Fiat's chief of public affairs: "We're handcuffed. The Libyans are not interested in selling for one simple reason: Where can they put this money? No one will accept $1 from Gaddafi these days...
...executives question the fairness of the U.S. move, since other firms that may have Libyan shareholders are not being penalized. They also insist that their Libyan directors have never tried to influence the way the company does business. Says Nicolello: "They behave like Swiss bankers." Maybe so, but the Gaddafi connection could be a continuing source of trouble for his unwilling business partners at Fiat...