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...Tuesday, one day after he was sworn in as "drug czar," Bennett talked * the import ban over with Treasury Secretary Nicholas Brady, whose department oversees the BATF. Bennett got word to White House chief of staff John Sununu about the plan. When the White House did not object, Bennett and Higgins went ahead and announced the import ban last Tuesday...
Lehder and Reed were convicted here last year of conspiring to import cocaine. Lehder--an unindicted co-conspirator in the new indictment--is currently serving a life sentence and Reed is serving a 15-year term. His former wife, Yemel Nacel, is also among those indicted...
...indictment accuses Escobar, Rodriguez, Mejia, Reed and the two Ochoas of running a continuing criminal enterprise--punishable by a maximum life sentence--and conspiracy to import drugs...
Japanese investors are buying cattle operations in Australia as well. While Japanese consumers generally consider American grain-fed beef to be the tastiest import, production is less costly Down Under because Australian cattle are fed more grass. Japanese trading houses have poured $132 million into Australian beef operations, more than twice their U.S. investment so far. That trend has prompted mixed feelings. Last month Australian beef producers called for government restrictions on further Japanese investment, but labor unions, whose members have benefited from increased employment, rose to defend...
Last month the government signed a letter of intent with the International Monetary Fund (IMF) in return for $4.32 billion in new credits through 1991. Among other things, the agreement promised an end to Venezuelan subsidies on an array of products, including imported raw materials and gasoline (at 13 cents per gal., perhaps the cheapest in the world). Exempted from the price hikes were 18 staples, including bread, rice and chicken. Perez also promised to raise fees for government-provided goods and services and to allow the bolivar to float downward on international currency markets, a move that would boost...