Word: panama
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...44th voyage carrying passengers and gold from Panama to New York, the S.S. Central America ran into a killer hurricane and sank in 8,000 ft. of water 200 miles off the South Carolina coast. On board were an estimated 77,000 ounces of gold bullion worth at least $28 million today. Last week a salvage syndicate that located the wreck two years ago began recovering what engineer Thomas Thompson, 37, said was "like the classic sunken treasures you read about as a kid. It is like a garden of gold growing from the bottom and hanging from beams...
Colombia's Banco de Occidente has no U.S. branches, but its Panamanian subsidiary did a booming underground business in America. The Panama bank is expected to plead guilty in Atlanta federal court this week to charges that it laundered hundreds of millions of dollars in drug profits for Colombia's Medellin cocaine cartel. The bank allegedly collected the illicit money in New York bank accounts, from which money was wired electronically to Europe and Latin America...
...eight years as Customs commissioner, Von Raab's penchant for independent action and colorful talk has landed him in a series of well- publicized scrapes. He was an early and vehement critic of Washington's see-no-evil policy toward Panama strongman Manuel Noriega. He appalled civil libertarians by proposing to shoot down suspected drug-smuggling planes. He infuriated the State Department by trying to mark passports of drug smugglers caught at the border. He promoted the "zero tolerance" program that called for prosecuting people apprehended with small amounts of drugs and confiscating their cars, boats and planes...
...friend have a stack of books 10-feet high in his office? Yes, these books are for his T-thing. And he's actually read some of them. In fact, we couldn't go out one Saturday night until he had finished another chapter on the ratification of the Panama Canal Treaty. And he spent Friday afternoon--Friday--in a professor's office, discussing the merits of the Senate Foreign Relations Committee...
...then take on special urgency after they get under way. When TIME's White House photographer Diana Walker began shooting for her May 22 essay on a day in the life of the President, she had no idea that George Bush would be facing a foreign policy crisis over Panama. Busy as he was, the President still went out of his way to ask, "How can I help make your job easier today?" Chimed in White House photographer David Valdez: "Just pretend she isn't here...