Word: lente
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Meanwhile, says Nicholas Gutierrez, a Miami lawyer, Cuban Americans are expected to sue ED & F Man, a British sugar-trading company; ING, a huge Dutch bank; and other members of a consortium that lent some $300 million to the Castro government in 1995. The loan collateral: sugar grown or milled on properties that allegedly belonged to Cubans who are now American citizens. A similar target: BAT, the giant British tobacco firm...
...crusade in search of its 15 minutes of fame sometimes needs a celebrity sacrifice. Zoe Baird gave us immigration reform, Christopher Reeve makes it impossible to ignore spinal-cord research, Magic Johnson lent his charisma to the fight against AIDS. Now the issue of exploited child workers--an ugly story that has become routine--lands in the morning papers and on the evening news because the exploiter suddenly has a perky, famous face. When Kathie Lee Gifford tearfully confessed on her morning talk show last month that yes, her Wal-Mart outfits were made by Honduran girls paid 31[cents...
...from childhood, after a cousin, Netanyahu inherited his right-wing politics from his father, a disciple of Ze'ev Jabotinsky, the founder of Revisionist Zionism. To members of that movement even David Ben-Gurion was not sufficiently nationalist. Netanyahu can be touchy about his family. Last week his mother lent a Time photographer six pictures of him as a youngster, then called urgently at 1 a.m. to say he insisted on vetting them. Over the phone Netanyahu forbade the use of a photo that showed him with his father and his elder brother Jonathan...
...Taiwanese officials and others who view the loan to America as a politically essential gesture of cultural goodwill, especially now that mainland China is rattling its missiles and threatening once more to retake what Beijing regards as a runaway province. (Probably the Taipei museum would never have lent the material if the Taiwan government hadn't wanted to stick a finger up Beijing's nostril.) However, Taiwanese cultural nationalists have denounced the loan as a cynical game with irreplaceable national symbols whose meaning cannot in any case be appreciated by the round-eyed barbarians who will flock...
...scandal revolves around seven housing-loan companies, or jusen, created in the 1970s to provide loans to home buyers. During the "bubble" years of the late 1980s and early 1990s, these companies lent huge sums, not to home buyers but to shady real estate speculators, many of whom were linked to Japan's tattooed gangsters, the YAKUZA. Just as in the U.S., real estate crashed in Japan, although a bit later, in the early 1990s. Result: the housing-loan companies watched their bad loans rise to at least $77 billion, more than 75% of their total portfolios...