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Proksch, 56, the owner of Demel, the famous Vienna pastry shop, had been accused of engineering a bold scheme in which he loaded the 12,000-ton Panama- registered Lucona with scrap metal, insured the cargo for $18.5 million as "nuclear processing equipment," then had the ship blown up after it set sail from Italy. Six people died when the vessel sank off the Maldive Islands in January...

Author: /time Magazine | Title: AUSTRIA: Guilty as Charged | 3/25/1991 | See Source »

Other evidence would have proved equally explosive. An executive named Amjad Awan, who managed the bank's Panama office and was Noriega's personal banker, described the extent of B.C.C.I.'s empire in a recorded conversation with an undercover agent. "We own a bank in Washington," Awan told the agent. "It's called the First American Bank. There are six banks bought out by B.C.C.I. about eight years ago. B.C.C.I. was acting as adviser to them, but the truth of the matter is that the bank belongs to B.C.C.I. Those guys are just nominee shareholders...

Author: /time Magazine | Title: A Capital Scandal | 3/4/1991 | See Source »

This false everywhere-nowhere dichotomy is the moral pillar of American isolationism. Wherever the American banner has been raised in the past decade -- Grenada, Panama, Nicaragua and now the Persian Gulf -- isolationists have demanded to know, How can we in good conscience oppose bad guys there and not land Marines in Port-au-Prince or Cape Town...

Author: /time Magazine | Title: Essay: Must America Slay All the Dragons? | 3/4/1991 | See Source »

Despite their differences in religion, national allegiance, and military strategy, Hussein and Bush are more alike than we might be led to believe. Hussein has invaded another state (Kuwait), waged war against another country (Iran), and brandishes a reprehensible weapon (chemical warheads). Bush has also invaded another state (Panama), waged war against another country (Nicaragua), and totes an equally menacing chemical weapon (nuclear warheads). The point is that if you are on the receiving end of any one of these demonic policies, it makes very little difference whether the imperial "Satan" or the "Butcher of Baghdad" is at "command...

Author: NO WRITER ATTRIBUTED | Title: Yes, War Is Hell | 2/25/1991 | See Source »

...more cynical prediction is that those deaths, like so many other violent and untimely ones, could eventually lose their impact on the American psyche. Tiananmen Square, Panama, Lithuania all captured the nation's attention and held it briefly before they smeared into background noise. Since the fighting began, many more people have died on America's highways or by gunfire in its cities than in the sands of the gulf -- but at the moment, the soldiers' deaths matter more, since right now they loom larger than life. The perverse calculus of morbid fascination holds that once the soldiers have become...

Author: /time Magazine | Title: Public Opinion: Can the Pro-War Consensus Survive? | 2/18/1991 | See Source »

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