Word: merchantable
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...absurd style of governing as a government outsider a bit too far when he allowed his aides to formulate and execute American foreign policy in the White House basement, bypassing the State Department as well as the Congress. At one point Albert Hakim, an Iranian financier and arms merchant, was sent to Iran by high administration officials to negotiate secret treaties on behalf of the U.S. with the ayatollahs...
...Indiana: "The environment surrounding our Navy in the Persian Gulf is as dangerous as the exposure of our Marines in Beirut." Those fears were hardly allayed when Congress learned that U.S. ships had twice escorted Kuwaiti vessels, once in February and once last week. In both cases, Kuwaiti merchant ships delivered U.S.-manufactured M60 tanks and other military supplies to Bahrain. Last week the White House agreed to sign a bill requiring Reagan to report to Congress on the threat to U.S. forces in the gulf and the Navy's rules of engagement...
Secord was not the only middleman who saw opportunities for profit in the Reagan Administration's private foreign policy ventures. Saudi Arms Merchant Adnan Khashoggi and Iranian Manucher Ghorbanifar earned lucrative commissions on the sales of U.S. weapons to Iran. Fund Raiser Carl Channell reportedly kept 35% of the private donations he solicited for the contras to bankroll his plush Washington offices, stretch limos and hefty payments to friends and associates. Even Oliver North, the superpatriotic National Security Council aide who ran the Iran-contra initiatives, cashed $2,000 worth of traveler's checks received from Contra Leader Adolfo Calero...
...around the clock. Meanwhile, local officials are trying a last-ditch legal maneuver to send him packing. Says County Supervisor Tom Powers: "My wife and I were out walking the other night, and she points to some guy and says, 'Doesn't that person look like Singleton?' " A retired merchant seaman, Singleton could not be blamed if he felt he was on a never ending voyage...
WASHINGTON--The Navy, in an unexpected first step toward taking on expanded duties in the Persian Gulf, escorted a Kuwaiti merchant ship carrying U.S. arms to Bahrain on Monday, the Pentagon disclosed last night...