Word: outrightly
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Dates: during 1970-1979
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...onetime Italian colony that was captured by the British in 1941, Eritrea was federated with Ethiopia, under a United Nations decision, in 1952 and a decade later was formally annexed by Selassie-an action that the Eritreans still regard as outright colonialism. Their outrage sparked a tiny guerrilla uprising that eventually became a full-scale war, perhaps the largest war now being fought anywhere in the world. In the process, reports TIME Correspondent Dean Brelis after touring the savanna and highland battlefront, the Eritreans have built an extraordinarily effective fighting machine of at least 25,000 men equipped with artillery...
...that is nourishing local economies from ailing New York to the striving Sunbelt states. Since 1971 total foreign direct investment has more than doubled from $13.7 billion to an estimated $30 billion in 1976. The Western Europeans, in particular, have been snapping at every investment opportunity-Midwestern farms to outright acquisitions of sizable companies. Says Richard Roberts, a senior international investment adviser at Commerce: "This investment is the hottest thing on the economic scene, and is probably the best-kept secret in Washington...
...Together they account for nearly half of all the banking assets in the country. A Crédit Suisse branch manager. Ernst Kuhrmeier, 57, has been accused of "disloyal management"-the Swiss equivalent of business fraud. He allegedly manipulated more than $800 million in a series of questionable and outright illegal dealings (TIME, May 23). Kuhrmeier is now in jail awaiting trial on charges that could put him behind bars for up to 7½ years...
...Humbard, likes to exhort: "You'd better straighten out and fly right with God." Last year $52 million was on loan to parties-in-interest," meaning institutions or individuals who have business or fiduciary relations with the fund; 55 loans were classified as "uncollectible" and 26 were in outright default. A generous proportion of the loans was granted on especially favorable terms, with minimal payments for years and a big 'balloon" upon termination. On one $4.8 million loan to a fund asset manager, Alexander Butcher, repayment of $4.2 million is deferred until...
Some sort of crackdown appears inevitable. There are two choices: "Deprivation of faculties" (in common parlance, defrocking) and outright excommunication. The Vatican might also consider Lefebvre "outside the church," without taking any specific action...