Word: iran-contra
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...Soviet Leader Mikhail Gorbachev extolled his reforms, known as perestroika, or restructuring. Leave it to a pair of American capitalists to take his words to heart. San Francisco Businessman John Lee Hudson and his wife Shana, who lost $30,000 trying to market an Ollie North doll after the Iran-contra hearings, plan to convert their leftover inventory into the likeness of the Soviet leader...
...Harvard. The CIA, with its secretive nature and its history of undermining the foreign policy aims of our nation's elected representatives--as well as basic international law--should not receive the legitimacy of associating itelf with one of the world's leading institutions of liberal education. The recent Iran-contra affair patently showed how the CIA can corrupt U.S. foreign policy...
...Iran-contra affair showed anything, it wasn't that the "CIA can corrupt U.S. foreign policy." It was that the CIA is a tool that can be misused by the officials who make U.S. foreign policy. To argue otherwise is to forget that our elected leaders control the agency, and that it is they who are responsible for its mistakes...
...confusing answer: sometimes yes and sometimes no. Switzerland has always been willing to help the U.S. track down criminals who used Swiss accounts to stash their loot. But the two countries do not always agree on what constitutes a crime. In the Iran-contra case, there was no problem: North and his associates are accused of fraud, which is clearly a crime in Switzerland. Tax evasion, though, is not against Swiss law. An American who underreports his income can still hide the extra money from the Internal Revenue Service by putting it in a Swiss account...
Reagan is in no such happy position. Since Reykjavik the President has suffered one disaster after another: loss of the Senate to the Democrats; the Iran-contra debacle; increasingly bold and successful congressional opposition on everything from taxes to funding of SDI and the Nicaraguan rebels. But as the end of his presidency approaches, Reagan seems to regard the INF treaty as his legacy to history and a vindication of his whole approach to foreign policy. Says an aide: "This treaty shows the wisdom of Reagan's tough way of dealing with the Soviets...