Word: panama
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Dates: during 1970-1979
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...years a special presidential commission studied possible routes for an Atlantic-Pacific waterway to replace the existing Panama Canal. A route along the Nicaraguan-Costa Rican border looked appealing; so did one through Colombia. Last week, however, the commission recommended a 36-mile sea-level canal across Panama, only ten miles west of the present one. It will be able to accommodate all 150,000-ton ships as well as the U.S. Navy's 60,000-ton Kitty Hawk-class aircraft carriers, which are too wide for the present canal. The new canal will also have the potential...
Over the years, Ludwig has added some profitable frills to the basic technique. His ships are owned by a bewildering tangle of companies incorporated in other countries, particularly Liberia and Panama. The reasons are simple. "Flag-of-convenience" countries like Liberia charge lower registration fees than others, impose few safety regulations and allow industry to hire foreign crews at low wages. In addition, by registering both his ships and the companies that own them in countries that levy no income tax, Ludwig saves millions of dollars each year...
PETROLEUM AND PETROCHEMICALS. As well as owning a refinery in Panama, Ludwig is a partner in development of a refinery and petrochemicals complex in Dade County...
...last week was followed, a few moments later, by the crowning of "Miss Carbon Copy," her twin sister. Both presided over the presentation of awards for extraordinary bureaucratic finesse. Winners received a gold-painted, potbellied, disheveled bird, sculpted by Boren himself. Among the recipients were ex-Ambassador to Panama and former Peace Corps Director Jack Hood Vaughn and John Brayton Redecker, a State Department official and author of CASP: A Systematic Approach to Policy Planning and Analysis in Foreign Affairs. Absent was Vice President Spiro Agnew, tapped for "his contributions to the state of the communications...
...Peruvian nationalist junta led by General Juan Velasco Alvarado have been feuding over Peru's seizure of U.S. properties. After an unfortunate initial delay, the U.S. won warm thanks from the Peruvian generals for its effective aid. From the U.S.'s Southern Command in Panama came a 40-man rescue team three days after the quake, and giant Chinook helicopters from the carrier Guam lifted supplies into remote Andean villages that otherwise were completely cut off from the outside world by landslides. Washington also donated $10 million in relief funds...