Word: money
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Dates: during 1980-1989
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...Panamanian subsidiary did a booming underground business in America. The Panama bank is expected to plead guilty in Atlanta federal court this week to charges that it laundered hundreds of millions of dollars in drug profits for Colombia's Medellin cocaine cartel. The bank allegedly collected the illicit money in New York bank accounts, from which money was wired electronically to Europe and Latin America...
...grumbling has been kept to a minimum. The blow has been softened by a rise of more than 100% in wages in the past twelve months; with too much money chasing too few goods, large amounts of cash are waiting to be soaked up. Moreover, workers and pensioners will be cushioned from the impact of diminishing subsidies by cost of living adjustments. Still, consumer stoicism is likely to evaporate quickly if the new market policy fails to improve supplies of foodstuffs and prices continue to rise...
...market hours "on the curb." Many brokers even "busted" losing trades by simply destroying evidence of the transaction. Such practices represent "more stupidity than conspiracy," says a Board of Trade official. "It's scratch my back and I'll scratch yours, but it's done with the customer's money. You might as well have a gun and a mask...
...uprising of 1976. The brutal government crackdown following the protest prompted a group of liberal lawyers and professors to try to set up a free legal-aid service for blacks. U.S. lawyer Jack Greenberg, then head of the NAACP Legal Defense and Educational Fund, helped design a program. With money mainly from American foundations, the LRC was founded in 1978. Since then, it has grown from a staff of three full-time lawyers with a $100,000 budget to 30 lawyers, half of them white, and a budget of $2 million...
...elder Hwang, by then a C.P.A., launched Far East National Bank, which specialized in loans to Asian immigrants and which now has four branches in California. Two years after the bank opened, he was kidnaped for ransom, then released within a few hours after the money was taken. Says the son: "I was in college at the time and did not hear about it until the crisis was over. The case was never solved, and some people have suggested that my father staged the episode as a publicity stunt. My father may be a little weird...