Word: moneyed
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Dates: during 1980-1989
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Panhandlers in Los Angeles are being surprised by handouts in the form of paper, not paper money but coupons good for a meal at the Weingart Center Cafe. The idea was dreamed up by Maxene Johnston, president of the 600-bed center in L.A.'s skid row, as a new way of encouraging businesses to help the homeless...
...jury charges that Y&R hired Arnold Foote Jr., a Jamaican advertising consultant who the Justice Department contends was also a government official. He allegedly passed along money to Eric Anthony Abrahams, Jamaica's Tourism Minister from 1980 to 1984. Y&R is accused of violating the Foreign Corrupt Practices Act, which forbids the bribing of foreign officials. The agency denies any wrongdoing...
...bigger blow could be struck against the drug trade, however, if ways could be found to seize the cocaine cartels' funds. U.S. Assistant Treasury Secretary Salvatore Martoche said last week that the Bush Administration would move in that direction by trying to track the billions of dollars in electronic money transfers that move in and out of the U.S. each day. The goal: to identify and perhaps confiscate at least some of the more than $100 billion in drug funds laundered through the international banking system each year. Finance experts have long called for increased surveillance of so-called wire...
...trade could not continue on such a scale without the collusion of African officials. "So many of Africa's functionaries are corrupt," says K.T. Wang, one of Hong Kong's major ivory traders. "If they get money, they say it's legal ivory. If they don't get money, they say it's poached." Over the years, senior African officials, their spouses and close friends, and wildlife authorities have been implicated in ivory scandals...
...crisis of confidence last spring," Kelsen said, referring to the ROTC controversy and a councilsponsored Susan Vega concert that lost a significant amount of money. "But those were management problems, not political problems," he said...