Word: panamanians
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RECORD SET. LAFFIT PINCAY JR., 52, Thoroughbred racing Hall of Famer; as jockey with the most wins, supplanting Bill Shoemaker, who held the title for 29 years; with his 8,834th victory; aboard Irish Nip at Hollywood Park; in Inglewood, Calif. The Panamanian's 35-year career includes winning the 1984 Kentucky Derby and three Belmont Stakes...
...left of the front door... President Clinton and Madeleine Albright were conspicuous by their absence from Tuesday's formal ceremony transferring control of the Panama Canal from the U.S. to the host country. Clinton and Albright - who had previously indicated she would attend - drew the ire of Panamanian leaders by their absence, leaving leadership of the U.S. delegation to former president Jimmy Carter, who negotiated the handover 22 years...
...Buchanan - have even used the fact that Hong Kong-based port company Hutchison Whampoa will manage the facility for Panama to suggest that the strategic waterway may fall under Chinese control in the event of a crisis. Even though that scenario is dismissed as far-fetched by Panamanians and most U.S. analysts, the White House is clearly taking no chances with Al Gore's election year looming. Indeed, Clinton appears to be more willing to sacrifice some Panamanian goodwill by snubbing the ceremony than to provide visuals for a Buchanan attack ad by showing up. Hey, Jimmy Carter made this...
What has America's right wing spooked is how assiduously the Panamanians are working to make the canal--which has always been run on a nonprofit basis--into a cash cow. It is not a new complaint. In the 1970s, when President Jimmy Carter sold the handover treaty to Congress, there was much whining about turning the canal into little more than an expensive toll road. The latest version of this anxiety adds a national security tweak: fear of China. In 1997, the Panamanian government finalized a rich deal with Hutchison Whampoa Ltd., based in Hong Kong...
...Bush stumbled by trying to go public with a drilling fund just as oil prices dipped. That year he also sold 10% of his company to a Panamanian company run by Philip Uzielli, a longtime friend of Vice President Bush's top adviser James A. Baker III, who later became Secretary of State. What raised eyebrows was the price Uzielli paid: $1 million in exchange for 10% of Bush's company, whose total worth at the time was $382,000. Bush says the infusion wasn't a bailout. Arbusto, he says, "wasn't in trouble. We were in growth mode...