Word: panama
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Dates: during 1970-1979
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...PANAMA. Kissinger has long urged that the U.S. give up absolute control of the Panama Canal and the ten-mile-wide Canal Zone, a quasi-U.S. colony created under a 1903 treaty. But a flag-waving lobby in Congress has stubbornly opposed renegotiation of the 19th century-style arrangement. Two weeks ago, in a move that shocked the Administration as unprecedented and possibly unconstitutional, the House voted to withhold any appropriations to pay for negotiations...
...Administration hopes the Senate will kill the measure; if it does not, a veto is likely. But one-third of the Senate has endorsed a resolution opposing changes in the Panama treaty. Since the Senate has to approve all treaties by a two-thirds majority, the Administration faces hard times in advancing toward what Kissinger described to the Panamanians as "a new and more modern relationship between our two countries...
...every department." The Army has come some way since then, and U.S. military installations round the world plan to mark the 200th anniversary this week with ceremonies and pageants. Later Army exhibits will emphasize contributions made by the military to civilian life. These include the building of the Panama Canal as well as some lesser-known examples of Army pioneering: development of freeze-dried foods and the invention of the aerosol...
...bribe United Brands had paid to a high official in Honduras in order to win a reduction in export taxes on bananas (TIME, April 21).* Last week the company disclosed that the U.S. Attorney in New York had subpoenaed documents relating to other possible payoffs in Italy, West Germany, Panama and Costa Rica...
...minutes that would take three hours with almost anyone else," recalls a former colleague, "but I never went to him with a half-formed idea." Beyond knocking heads together, Booth faces a formidable array of challenges. The company is negotiating to sell off all its holdings in Panama; the discussions were interrupted by the bribery scandal. In connection with the bribes, at least seven stockholder lawsuits have been filed; and in addition to the U.S. Attorney's office in New York, the SEC and a Senate subcommittee are also investigating the company's affairs. Financially, United Brands...