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...rocket launchers, tanks and even sophisticated jet fighters such as the Mirage 2000. But many more are not. Moreover, government sources, former B.C.C.I. bankers, and arms merchants doing business through B.C.C.I. have described the bank's more sinister role in providing nuclear-weapons technology for Pakistan, Iran, Iraq and Libya -- nations widely believed to be pursuing development of the so-called Islamic bomb to counter the nuclear force they assume Israel possesses. According to these sources, B.C.C.I. has also been busy providing Pakistan and other customers throughout the Middle East with the capacity to deliver such weapons...

Author: /time Magazine | Title: Scandals: Not Just a Bank | 9/2/1991 | See Source »

...there are people prepared to pursue their grievances with violence. But the climate for terrorism has certainly changed. Some of the most infamous offenders -- the Palestinians and Arab radicals who perpetrated shocking outrages from the early 1970s to the mid-1980s -- have largely lost their governmental support. Iran, Syria, Libya and Iraq are less willing -- or less able -- to provide them with money, equipment and support for their operations. What has become known as state-sponsored terrorism is, at least for now, on the wane...

Author: /time Magazine | Title: Terrorism Changes Its Spots | 8/26/1991 | See Source »

Allied bombs and the hostility of the Arab world have knocked Iraq out of the game for the foreseeable future, though Saddam Hussein's willingness to strike back if he can should not be underestimated. Libya -- also chastened by / U.S. bombs five years ago -- is conducting what the U.S. State Department calls a "charm offensive." Even so, President Muammar Gaddafi still provides bases and support for Abu Nidal and other terrorists...

Author: /time Magazine | Title: Terrorism Changes Its Spots | 8/26/1991 | See Source »

...television stations competed fiercely for scoops. According to one such report in the London Guardian, the CIA used B.C.C.I. accounts to pay nearly 500 prominent Britons, apparently for information about British arms sales and overseas contracts. The Guardian also said B.C.C.I. funded a clandestine joint effort by Argentina, Libya and Pakistan to acquire nuclear arms...

Author: /time Magazine | Title: Corruption: Feeling the Heat | 8/5/1991 | See Source »

...Soviet leaders have been rational and thus deterrable. We went to the brink during the Cuban missile crisis but did not go over. Both sides understood and would not bear the cost of nuclear war. We cannot be so sure that will be true of Iraq, North Korea, Iran, Libya, the nuclear powers of the future...

Author: /time Magazine | Title: Why Arms Control Is Obsolete | 8/5/1991 | See Source »

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