Word: kuwait
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Jules Kroll, a New York City investigator who previously tracked down hidden assets of Marcos and former Haitian President Jean-Claude ("Baby Doc") Duvalier, disclosed the audacious magnitude of Saddam's scheme last week on CBS's 60 Minutes. Kroll began chasing the hidden billions after Kuwait's government-in-exile hired him in the wake of last year's invasion. His mission: to locate secret Iraqi funds that Kuwait could use to rebuild itself once the crisis ended. "The phenomenon of using front companies is common," Kroll says of his findings. "What distinguishes this one is its level...
Washington had previously seized some of Saddam's holdings as part of $1 billion of Iraqi assets that the U.S. froze after Iraq invaded Kuwait. The properties were connected with Anees Masoor Wadi, an Iraqi middleman who resided in a $3.5 million Beverly Hills home -- where his neighbors included actor Gene Hackman and director John Landis -- and who was allegedly part of Saddam's global network for procuring arms and military technology. Wadi reportedly helped acquire a suburban Cleveland machine-tool firm called Matrix-Churchill, which made versatile computer-operated jig grinders that could be used to produce precision parts...
...rebound by themselves," says James Cammisa Jr., who publishes the monthly newsletter Travel Industry Indicators. "The airlines waited two to three weeks, hoping that pent-up demand would be reflected in the bookings. It wasn't." Already buffeted by a surge in fuel costs after Iraq's invasion of Kuwait, travel companies watched in horror as air carriers' revenue-passenger miles for February plunged 26.8% internationally and 5.5% in the U.S. By mid-March, the firms realized that to surmount travelers' reluctance, they would have to launch their own version of the "Hail Mary" campaign that led the allies...
Acceptance of the terms is the only way Iraq can bring the worldwide trade embargo to an end. Once the cease-fire is approved, U.N. observers would move in to monitor a demilitarized zone on both sides of the Iraq-Kuwait border; after they are in place, Washington will feel free to bring home the rest of its soldiers. That may not do much to make the Middle East less of a breeding ground for war or to bring democracy to Iraq. But the U.S. and its allies at least will have fought off a threat to world oil supplies...
...Saddam is using to suppress the revolts that broke out almost as soon as the war ended. But that would have meant continuing a horrible "turkey shoot" of fleeing Iraqi forces after the war had effectively been won. The allies' goals were to drive Saddam's forces out of Kuwait and cripple Iraq's offensive military capacity. Both had been achieved before the 100 hours were...