Word: luxembourger
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Hitler decided to rethink the whole strategy. The French defense was based on the "Maginot Line," a chain of fortifications that stretched 200 miles along the frontier from Switzerland north as far as Luxembourg. Built at a cost of $200 million (a substantial sum at a time when a workman earned about $3 a day), the Maginot Line was considered invulnerable; its strongest outposts bristled with antitank guns, machine guns and barbed wire, and boasted concrete walls 10 ft. thick as well as supply depots 100 ft. underground. To the north of the Ardennes Forest, which was only lightly fortified...
Many Senators are openly predicting the defeat of at least one nominee: Frederick Bush, Ambassador-designate to Luxembourg. No relation to the President, Bush served as the Vice President's deputy chief of staff in the Reagan Administration. He has been accused of using his connections to garner some $600,000 in HUD-related consulting fees. In an appearance last month before a House subcommittee, Bush recanted earlier sworn testimony in which he claimed that he barely knew the former HUD officials suspected of handing out federal housing contracts to well-connected Republicans. "I would guess it might...
...build what it has advertised as a "sunny resort hotel." The Elks Club of Grand Forks, North Dakota and the I Tapa Keg Fraternity of the University of Anchorage are disappointed to find that they have been turned down by the management in favor of a delegation from Luxembourg--consisting of the country's entire population--which will be hosted by the Harvard Model Nuclear Superpower Conference...
...netted mostly low-level operatives, C-Chase bagged far bigger suspects. The arrests were based on indictments handed up by federal grand juries in Tampa and other cities. The indictments named some 80 defendants and the first banking company ever charged in the U.S. with money laundering: the Luxembourg-based Bank of Credit and Commerce International, the seventh largest privately held financial institution in the world (assets: $20 billion). Under a tough 1986 U.S. law, bank officials who knowingly conceal the source of illicit money can be fined up to $500,000 or twice the amount of the money they...
...complex laundering method was introduced. BCCI allegedly began to wire drug money deposited in its branches to accounts in foreign banks, using major New York City institutions as unwitting intermediaries. Once the funds were overseas, BCCI allegedly used them to buy certificates of deposit at banks in France, Britain, Luxembourg, Uruguay, Panama and the Bahamas. Using the CDs as collateral, BCCI then issued phony loans for slightly smaller amounts to the agents' Panamanian account. Once again, the agents gave the Colombians signed blank checks drawn against the account. BCCI collected the CDs as "payment" for the loans, pocketing the difference...