Word: importance
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Templesman, a diamond dealer with long experience in Africa, was seeking loans from the Export-Import Bank and loan guarantees from the Overseas Private Investment Corporation for a multimillion dollar diamond deal in Angola. After the meeting, a sympathetic Lake decided to intervene: he directed an NSC staff member, with approval from legal counsel, to call Ex-Im and OPIC. The message: Templesman's venture had "merit." But TIME has obtained the text of a recent letter from Angola's ambassador in Washington that bluntly asks the U.S. to stop attempts to broker a diamond deal and, in an apparent...
...suicide, the White House travel-office firings, the Administration's possible misuse of FBI files and several other matters--Starr has obtained 12 convictions and guilty pleas. But nearly three years and more than $30 million later, the American public is little closer to understanding the circumstances and import of the original land deals. Questions about whether the Clintons and their loyalists lied or otherwise covered up the truth remain unresolved. Starr hasn't even delivered his long-overdue report on Foster's death, though it's likely to be issued within two weeks. The exhaustive report was delayed when...
Zhang is no foreign import but a 30-year veteran of the state factory system, a lifelong auto man who runs one of the few profitable heavy industries in Shenyang. When the plant, burdened with 7,000 workers making shoddy cars no one could afford, foundered in the early '90s, the Hong Kong conglomerate Huachen wheedled a 51% share as a joint venture. It went out looking for a mainland general manager and found Zhang...
...satellite photos showed that the layout of the plant in the Rawalpindi suburbs was similar to an M-11 rocket facility in Hubei province in central China. Reports from agents on the ground, along with telephone intercepts, revealed that about a dozen engineers from the China Precision Machinery Import-Export Corp. have visited the Rawalpindi site. The state-run corporation, based in Beijing, is in charge of marketing missiles like the M-11 overseas. The CIA also spotted crates containing what it believed were machine tools for building rocket motors being shipped by the Chinese corporation to the plant...
...driving force behind the move. The church has increasingly seen its hold over Russian souls wrested away by foreign upstarts from Hare Krishnas to Mormons to Aum Shinri Kyo wannabe-cults. Calling on a war chest (supplied by its duty-free, multimillion dollar oil export and cigarette import deals, according to the Russian-language weekly Kapital), the Church wields enough political clout to squelch the competition -- and keep Russian souls at home...