Word: ownership
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Dates: during 1990-1999
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...B.C.C.I.: Sheik Zayed bin Sultan al-Nahayan of Abu Dhabi, President of the United Arab Emirates. Investigators say approximately $2 billion of Zayed's own money, along with $7 billion in Abu Dhabi state funds, has disappeared into the bank's black hole. In the U.S., B.C.C.I.'s secret ownership of Washington's largest bank, First American, implicated former Defense Secretary Clark Clifford. As chairman of First American, Clifford had denied that B.C.C.I. controlled the Washington bank; he and his partner, Robert Altman, now face possible criminal indictment. On Dec. 19, prosecutors and liquidators reached an agreement for B.C.C.I...
...resignation, Gorbachev was still talking about finding some blend of central planning and market economics that he called a "multi- tier economy" with "an equality of all forms of ownership." No such halfway house exists, and his protracted attempt to find one left the irrational centralized system in chaos, with no replacement in sight. Ordinary citizens paid the price for his procrastination...
...premonition came close to happening: his acquisition of MGM/ UA for $1.4 billion buried him so deeply in debt that he had to be bailed out by a consortium of cable operators (including Time Warner, which owns TIME) that invested $562.5 million in the company in exchange for minority ownership. Turner remained chairman, but he was forced to give cable operators seven seats on the 15-member board and veto power over any decision that would cost the company more than $2 million. It was a major setback for a man who lived by his father's homespun sermons, including...
Varela narrates the novel, and his appropriation of Baltasar's adventures signals his assertion of historical ownership. Having risen to power surrounded by the comforts of his publishing business and his favorite fashionable haunts, Varela secretly records an epic version of Baltasar's experience as a revolutionary warrior. His source is his friend's correspondence-which, incidentally, is not reproduced in the text. Varela presents speculative history as documented fact, and Fuentes's reader may begin to question the very notion of historical truth...
...evidence gathered in the case pointed to a far wider conspiracy, including B.C.C.I.'s secret ownership of Washington-based First American Bankshares, said Mazur, who testified behind a frosted-glass partition and spoke into a voice-altering microphone to protect his identity. "We needed a & lot more help than we had," said Mazur, who blamed the lapse on a dire shortage of staff and overly generous plea bargaining...