Word: nicaragua
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...morning, Ted thought they all ought to read Machiavelli's The Prince to enlarge their understanding of real political intrigue, a guide to contemporary Washington. If some other, lesser man than Carter were in the White House, thought Ted, we would have had a little army down in Nicaragua by this time, a Machiavellian notion...
Whatever Sandino's dreams, the question now was whether Nicaragua's revolution would give birth to a mildly leftist but democratic society or a militant Marxist state. The five-member junta that rules the country has so far followed a middle-of-the-road course, promising elections, an economy based on a mixture of private and government enterprise, and an independent stance in foreign affairs. Although the junta remains united, there have been foreshadowings of an eventual breakdown in the alliance of radicals and moderates who combined to topple Somoza. Asked if he supported the junta...
...Sure I've got enough to live on," conceded Tacho Somoza, as he fled Nicaragua for his $1 million home-in-exile in Miami Beach. By his own reckoning, the ex-dictator's uncertain future would be cushioned by about $20 million (out of his $100 million fortune) that he had managed to stash outside the country. To American experts who have studied Somoza's corrupt regime, both estimates, however, appeared surprisingly low. Most valuations of the dynasty's holdings were between $500 million and $1 billion; they included Nicaragua's national air line, Lanica...
Tacho greatly expanded the family's wealth, although he did not always manage it well; some of his companies were so poorly run that they failed to turn a profit. Moving into the banking field with ownership of the Banco de Centroamerica, he heavily mortgaged his properties in Nicaragua in order to make available large amounts of cash. These funds were then shuttled through a network of interlocking companies in the U.S. and the Caribbean. Through such maneuvering, Somoza acquired his mansion in Miami Beach, which is officially owned by a company based in the Virgin Islands, two posh...
...real question is whether he has the ability to mediate successfully between radical and conservative views in an untested coalition government whose main bond of unity is opposition to Somoza. "Sergio has all the qualities necessary to be very strong," says an associate. If that judgment is correct, Nicaragua may still be able to avoid the factionalism and violence that have marred so many revolutions...