Word: land
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Dates: during 1980-1989
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Unitedbank's fall resulted from the go-go style of Chairman Vincent Kickerillo, a local land developer. Taking over in 1968, Kickerillo overcommitted the bank to real estate loans and investments in other banks during the oil boom of the late '70s and early '80s. When the economy soured in 1982, so did Unitedbank. By this year it was losing $1 million a month. For a time Kickerillo, a self-made millionaire who commuted to work in a jet helicopter, covered the losses himself. But after an audit three weeks ago showed Unitedbank to be $7 million...
What traditionally united the Afrikaners was not just their language and their religion but also their history of struggle and oppression. They are very proud and very aware of their claim that they came to this land first. When Jan van Riebeeck disembarked at the Cape of Good Hope in 1652 to establish a supply station for Dutch East India Company vessels en route to India, he found nobody except a few brown-skinned nomads whom the Dutch called Hottentots. Van Riebeeck described these aborigines as a "dull, rude, lazy and stinking nation," and most of them subsequently died...
...achieved the Afrikaners' revenge in the election of 1948. He defeated Smuts and the British influence under a new slogan: apartheid. It was not really new, of course. The South Africa Act of 1909, passed by the British Parliament, had barred blacks from sitting in the legislature. The Natives Land Acts of 1913 had established a few black "reserves" and claimed the remaining 85% of the nation for whites. Interracial sex was proscribed as far back...
...have sided with Syrian President Hafez Assad in opposing Arafat's leadership. But last week, when the Palestine National Council, the P.L.O.'s so-called parliament in exile, met in Algiers for its first session in 2 1/2 years, friends and rivals alike cheered when Arafat shouted, "This Palestinian land shall remain Arab! Arab! Arab...
...When the Paris office of American Express volunteered to help restore the monument, however, a sensitive national nerve was pricked. "Americans threaten to land on Arc de Triomphe," howled the daily Liberation. Last week the National Federation for Public Works called for a massive fund drive. The Paris government says it will probably allow private companies like American Express to donate up to 40% of the restoration costs, which could come to $6 million...