Word: kerrs
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...senior Kim Cooper, playing at number three, who turned in the closest singles win of the day. Cooper jumped out to a 5-1 lead in the first set, but Virginia's Karen Kerr broke back twice and held her service games...
Cooper held on to win that set, 7-5. After dropping the second set 1-6 to Kerr, Cooper came back in the third...
...former Atlanta Mayor Andrew Young, who borrowed money from B.C.C.I. and did not pay it back; and former Treasury Secretary John Connally, who bought a Texas bank with B.C.C.I. front man Ghaith Pharaon. Even Secretary of State James Baker's name indirectly came up after acting CIA Director Richard Kerr testified before a Senate panel last month. Kerr revealed that in 1985 the CIA told the Treasury Department, then headed by Baker, that B.C.C.I. secretly owned First American Bank, the largest bank in the nation's capital -- a critical piece of information that Treasury never pursued. Now TIME has learned...
...Kerry released part of a 1986 CIA memo warning the Treasury and State departments that B.C.C.I. had secretly owned First American since 1982. Yet the Reagan Administration apparently did nothing in response to the document. On Friday, CIA Deputy Director Richard J. Kerr confirmed that the agency had used B.C.C.I. to move money around the world; other sources confirmed that the Defense Intelligence Agency, which monitors other nations' armed forces, had transferred funds through the bank. But the CIA's Kerr said his agency had "aggressively" targeted the bank for intelligence gathering because, "from the early 1980s, it was obvious...
...mainly themselves to blame for this fix. Through much of the '80s they were tripping over one another to offer generous terms for even the unlikeliest projects. "In the madness of that decade, many hotels were overfinanced and overleveraged," says Bruce Batlin, a partner with the consulting firm Pannell Kerr Forster. "A lot of hotels are in trouble because of that...