Word: panama
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Dates: during 1980-1989
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...Soviet bloc is now in the process of consolidating a second base in the Americas, this time on the mainland, in contiguity with Costa Rica and ultimately Panama to the south, and with Honduras, El Salvador and ultimately Mexico to the north. That the Sandinista revolution is without frontiers is not a hypothetical notion. It is historical. In the first years of their rule the Sandinistas poured considerable effort into the Salvadoran insurgency, which hoped to pull off a victory before the inauguration of Ronald Reagan. That attempt failed, but not for lack of trying. The Sandinistas have been more...
Seventy-three years after it opened to link the Atlantic and Pacific oceans, the Panama Canal remains one of the engineering marvels of the world. At one end of the 50-mile-long waterway, the 12,000 ships that traverse it annually are lifted 85 ft. above sea level by a series of locks, enabling them to sail through the mountainous spine of the Panama Isthmus. When they reach the opposite coast, another set of locks floats them gently back down to the ocean...
...issuing scores of subpoenas for individuals and documents, Hamilton said in a meeting with reporters on Capitol Hill, the House committee intends to press for access to bank records from Switzerland, Panama and the Cayman Islands...
...object of Helms' ire was General Manuel Noriega, commander of Panama's defense force and the nation's strongman since 1983. Helms accused Noriega, a onetime intelligence chief and right-hand man of the late populist dictator Omar Torrijos, of being "head of the biggest drug-trafficking operation in the Western Hemisphere." Even Noriega's staunchest supporters in Washington suspected that Helms was on to something. Says one Reagan Administration official: "Noriega gets a cut of every kind of illicit business down there...
Apparently wounded by the charges, the general has decided to try to disarm his critics. And what better way to do that than to have the Panama legislature pass a new law aimed at -- what else? -- drug trafficking? Last week the national assembly did just that, requiring Panama's banks for the first time to provide information about the financial dealings of suspected narcotics kingpins and permitting previously sacrosanct numbered bank accounts to be frozen. The new law also speeds the extradition of foreigners suspected of drug offenses. Panama's banks, like those of Switzerland, have long been a haven...