Word: panamanian
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More expensive than Miami real estate and priced three-to-eight times higher than property in the rest of the Panamanian market, the Trump Ocean Club is partially financed by a $230 million bond offering from Bear Sterns. That bond is now being handled by JP Morgan following the collapse of Bear Sterns in the 2008 global financial crisis. "Without Trump, we would have lost our shirt," Khafif admits. Since then, more than 2,000 construction workers add a new floor each week, silencing many of the earlier skeptics who claimed the project would never get off the ground...
...been a guard at Ravensbruck, a Nazi concentration camp. She was stripped of her U.S. citizenship but the slow legal process - both Germany and Poland wanted to extradite her - kept her in the the country until 1973, when she was finally sent to West Germany. And even though former Panamanian general Manuel Noriega finished his U.S. prison sentence in 2007, he still remains in jail while the legal system decides whether he should be extradited to France (where he is wanted on money-laundering charges) or repatriated to Panama - where he faces charges of murder and extortion...
...later, his patented "Trebark" design had gone from being featured in a few small ads in Bowhunter magazine to appearing in nearly every major outdoors catalog in the country. When Manuel Noriega, wearing Trebark gear, finally surrended to U.S. troops, Crumley reportedly toyed with the idea of using the Panamanian general in an ad campaign with the slogan "No wonder it took so long to capture...
Current President Martin Torrijos - the son of the late Panamanian strongman Brigadier General Omar Torrijos, who got the U.S. in 1977 to sign the treaty that eventually gave the canal to Panama - has pushed through some anticorruption reforms. But scandals have persisted. Herrera's campaign had to fight allegations that it received financing from a Colombian national now in prison in Bogotá on charges of alleged extortion, money laundering and drug trafficking in exchange for political favors. (It didn't help Herrera when it was disclosed that while he was staying in Panama, the Colombian, David Murcia, had employed...
...killing of a U.S. soldier in 1991 - remained president of Panama's National Assembly (until September 2008) amid the controversy. Gonzalez lost his Assembly seat in Sunday's election, however, and with it his parliamentary immunity. Although he is unlikely to be extradited to the U.S. (Panamanian law forbids the extradition of nationals), his ouster from the Assembly may remove a significant obstacle to the free-trade pact...