Word: golds
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Dates: during 1980-1989
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Some of the Bakkers' excesses have been well documented. Among them: six luxurious homes, complete with gold-plated bathroom fixtures and, famously, Tammy's air-conditioned doghouse. But behind those well-publicized items, a broader pattern of plundering PTL's treasury has emerged. According to the Falwell loyalists who are currently in charge at PTL, in the Bakkers' last 16 months in power, more than $2.4 million was paid out of a single confidential executive checking account handled by the Charlotte office of Laventhol & Horwath, PTL's auditors. Almost $1.4 million in compensation went to the Bakkers and top executives...
...Peterson, former Commerce Secretary under Richard Nixon and now chairman of the Council on Foreign Relations: "For GATT, this would mean having market prices for commodities in order to prevent unfair dumping practices. For the IMF, this would mean, among other things, being open about the size of their gold reserves...
...Johannesburg last week. The 1,500 delegates roared their approval of Barayi's plans for the South African President, then endorsed the Freedom Charter, the 1955 manifesto of the outlawed African National Congress that calls for an end to apartheid and nationalization of the country's banks, corporations and gold and coal mines...
...sounding an increasingly militant note. "We demand the right to share the wealth we produce," declared Barayi. "We don't want all of it, only 50%. The rest we will take later." At week's end the National Union of Mineworkers was poised to strike the country's gold and coal mines, the backbone of the economy...
...Last fall, in his search for financial backing, Marcos apparently sought out Hirschfeld because of the attorney's relationship with Mohammed al-Fassi, a client and wealthy Saudi businessman. Marcos wanted al-Fassi to loan him $18 million for weapons purchases. The loan would be secured by Marcos' hidden gold and a lien on his Swiss bank account...