Word: generality
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Dates: during 1980-1989
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...report's most notable conclusions, the bipartisan majority declares flatly that the profits generated by the sale of U.S. arms to Iran were the rightful property of the Federal Government, not of the so-called enterprise operated by retired Major General Richard Secord and his Iranian- born partner, Albert Hakim. Diverting those profits to the Nicaraguan contras "constituted a misappropriation of government funds," the report claims. If Walsh and a federal grand jury concur, Secord and Hakim may face indictments. So, too, may former National Security Adviser John Poindexter, who approved the diversion, and former-NSC Staffer Oliver North...
Walsh has been presenting witnesses to a grand jury at a stepped-up pace of three times a week. One of the witnesses last week was Attorney General Edwin Meese, who is sharply criticized in the report for failing to seek advice before telling the President that he could legally sell arms to Iran without informing Congress. Meese testified that he relied on an opinion written in 1981 by former Attorney General William French Smith. But the report points out that Smith had advised that Congress would have to be notified once arms shipments were under way. Said the report...
...primary crops of oranges, lemons and limes, to ensure that the occupied land does not compete with Israel. For security reasons, Israel has limited Gaza's second major industry, fishing, to a narrow slice of the Mediterranean. The result is a retarded economy, with little prospect for growth. Brigadier General Shai Eres, who until last month headed Gaza's civil administration, admits that the shackled economy severely limits the region's prospects. Says Eres: "Of course, there is no independence possible for this area...
...clinics dot the landscape, even the camps have telephones and washing machines. But parts of Gaza City, the strip's largest population center, have water only twice a week in the summer, and sewage frequently floods the drinking supply. What are Israel's ultimate plans for Gaza? Admits General Eres: "That is the $64,000 question...
...while the decision gave prosecutors a big lift, it left the law that governs insider-trading cases as murky as ever. By a vote of 8 to 0, the Supreme Court ruled that Winans had violated general laws that prohibit wire and mail fraud. On the separate issue of whether Winans had been correctly convicted of breaking federal securities laws, the court split down the middle, 4 to 4, a decision of no value as a legal precedent. Thus the court has still not settled the question of when insider trading is a violation of the securities statutes...