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...acquired sovereignty over the zone "in perpetuity" in 1903, as a reward for helping Panama to achieve its independence. Roosevelt had sent U.S. gunboats to protect a Panamanian national uprising-funded by private American and French interests-against the territory's Colombian rulers. In exchange for control of the Canal Zone, the U.S. paid a total of $10 million to the fledgling national government and agreed to pay $250,000 annually in rent. Building the canal cost the U.S. an additional $336,650,000. It is now an international commercial convenience rather than a U.S. military necessity; in fiscal...

Author: /time Magazine | Title: LATIN AMERICA: Collision Course on the Canal | 7/28/1975 | See Source »

...through Chief Negotiator Ellsworth Bunker, has offered, in essence, a gradual ceding of partial sovereignty and Panamanian participation in the canal's operation and defense, but it wants to retain unlimited access for both civil and military aircraft to some zone airports. Panama wants all U.S. military installations phased out and, equally unacceptable to the U.S., total control of the zone and the canal itself...

Author: /time Magazine | Title: LATIN AMERICA: Collision Course on the Canal | 7/28/1975 | See Source »

...measured 75½ in. (1½ in. more than Secretariat's at that age). Her hindquarters are huge, and she puts them to good use. Ruffian runs with a smooth, gliding stride, and no sign of strain. "She fools you because she runs so smooth and easy," says Panamanian Jockey Jacinto Vasquez, who also rides Foolish Pleasure. Says Trainer Frank Whiteley Jr., "Her speed scares the hell...

Author: /time Magazine | Title: Sport: King Filly | 6/2/1975 | See Source »

When the field of 15 thoroughbreds broke from the starting gate Saturday afternoon, Jolley thought that his worst fears might be confirmed. Foolish Pleasure, with Panamanian Jockey Jacinto Vasquez at the reins, quickly dropped back to a distant twelfth, far from his usual position close to the pace. Bombay Duck, bred for speed, held the early lead, but as the stallions pounded down the backstretch, Avatar, a California mount, moved up to challenge. Foolish Pleasure, running on the rail, was still no better than seventh. "He looked as if he wasn't handling the track too well," Jolley explained...

Author: /time Magazine | Title: Sport: Serious Pleasure | 5/12/1975 | See Source »

...that have boycotted Fidel Castro's Cuba for the past decade have been having second thoughts. In the past two years, official ties have been forged between Cuba and Peru, Argentina, Jamaica, Guyana, Barbados and Trinidad-Tobago.* Last week Panama was added to the list when 30 jubilant Panamanian officials flew to Havana to sign a declaration restoring diplomatic, economic and cultural links between the two nations. Next in line are Ecuador, Honduras, Costa Rica, Venezuela, Colombia-and probably...

Author: /time Magazine | Title: CUBA: Emerging from Quarantine | 9/2/1974 | See Source »

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