Word: panama
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Dates: during 1960-1969
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...16th century, a slave picked an oyster from the sea off Panama's Pacific coast, and found inside a treasure of staggering size and beauty: a magnificent, 203.84-grain pear-shaped drop pearl. Over the years, La Peregrina (The Wanderer), as the gem came to be called, passed from Philip II of Spain to his English wife Mary Tudor ("Bloody Mary"), then on to the Bonapartes of France, and to England's Marquess of Abercorn. Last week La Peregrina turned up on the block at Manhattan's Parke-Bernet Galleries, and it was swiftly sold...
...handy for circumventing U.S. securities laws. To get around the restrictions on trading by "insiders," for example, corporate officers sometimes buy or sell stock in their own companies through Swiss banks. Other U.S. investors use the banks to sidestep margin requirements. The Government estimates that all foreign banks -in Panama, Nassau and West Germany as well as in Switzerland-account for at least 8% of the transactions on the New York Stock Exchange. In singling out Switzerland, U.S. officials seemed most disturbed about their lack of precise knowledge about all that may be going on. Swiss bankers, Assistant U.S. Attorney...
...Ford dealer (free advertising for station wagons) to solve the transportation problem, wangled hand-me-down uniforms from the Cincinnati Reds, carved a baseball diamond out of the high school stadium, and spread the word in the town's weekly newspaper. The other league members like Dothan and Panama City, with populations around 30,000, held little hope that Graceville (then 1,800) could hold its own. It would take $30,000 a year for the Oilers to break even, meaning they would have to draw nearly 700 fans for each of 60 home games...
...officers decided to strike first. The co-leaders of the coup were Lieut. Colonel Omar Torrijos, the Guard's executive officer, who had been ordered to leave Panama, and Major Boris Martinez, who is the commander of Chiriqui province military zone. At their bidding one evening last week, their brother officers quietly dispatched units from the 3,900-man force to shoo civilians off the streets of the country's two main cities, Panama City and Colón, seize the radio stations and close the international airport. Arias, 67, who is experienced in such matters, at once...
...Colonels José M. Pinilla and Bolivar Urrutia, would govern the country only until a new electoral law could be drawn up and elections held for the presidency and National Assembly. Torrijos promised that Guard officers would not be allowed to run for office. Whoever comes to power in Panama must face the extremely sensitive task of negotiating a new treaty with the U.S. about the status of the 54-year-old canal and the possibility of building a new one. The political rallying cry in Panama is for the U.S. to give up sovereignty and control...