Word: panamanians
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...October 1987, LaBudde, now 34, persuaded the owner of a Panamanian tuna boat to hire him as a deckhand. For the next five months he drove speedboats, cooked for the crew -- and surreptitiously filmed the hundreds of dolphins trapped and drowned in the Maria Luisa's nets. The resulting 11-minute video, aired on network news shows, not only triggered a nationwide boycott of tuna in 1988 but also forced canners to change their ways. Last year H.J. Heinz, Van Camp Seafood and Bumble Bee Seafoods announced that they would no longer buy tuna caught in the dolphin-killing nets...
Saddam shifted his funds through scores of dummy firms and dozens of foreign banks. Conspicuous among the financial institutions was B.C.C.I., now based in Abu Dhabi, which Kroll called "one of the more prominent banks in handling Iraqi money." Saddam also used a Panamanian shell company called Montana Management to acquire an 8.4% stake in Hachette, the publisher of such popular magazines as Elle, Woman's Day and Road & Track. While Hachette swiftly denied that Montana played any role in its management, nervous investors unloaded the media giant's stock, causing it to lose 3.6% of its value...
B.C.C.I. was meanwhile forging into uncharted waters, most notably laundering drug money. In 1983 B.C.C.I. acquired a Colombian bank with 30 branches that included several in Medellin and Cali, homes to the world's most powerful cocaine cartels. Among those laundering drug profits through B.C.C.I., say investigators, was former Panamanian strongman Manuel Noriega, who was collared by U.S. authorities in early 1990. Prosecutors who tracked his finances said Noriega had funneled $500,000 of cocaine funds through First American's flagship bank in Washington. First American officials denied any knowledge of the transaction...
...phrase) means that today "a sports car is financed in Japan, designed in Italy, and assembled in Indiana." Thus it is folly to subsidize or even root for an American company against its Japanese or European competitors, since such national labels are just convenient fictions, like tankers flying the Panamanian flag. What matters to Reich, pure and simple, is high-quality jobs and an American work force prepared to fill them...
Testimony by the witness, Ramon Navarro, allegedly tied the ousted Panamanian dictator and the co-defendants directly to the drug-smuggling voyage of the luxury yacht Krill, the central issue in the case...