Word: panamas
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...Crowds. When Díaz Ordaz, a conservative onetime backlands attorney, took office a year ago, he decided to initiate a new good-neighbor policy. Last week's state visit, which took him first to Guatemala, El Salvador, Honduras, and continues this week in Nicaragua, Costa Rica and Panama, was a concrete result. His first communique, issued jointly with the Guatemalans, showed what he had in mind...
...Corp. Syntex's common stock, which is being split two-for-one this week, is the most heavily traded issue on the American Stock Exchange, in 1965 rose in price more than any other stock on the exchange (from 64⅜ to 219⅝). Syntex is incorporated in Panama, operates largely in Mexico and sells mostly in the U.S. It is a leader in the field of steroid hormones, which includes the birth-control pills and is one of the fastest-growing segments of the drug industry...
Business Quadrupled. After a two-year stint with the Army in Panama ("I spent most of my free time digging up pre-Columbian art objects"), Peter arrived back in New York and started searching for a gold-plated piano stool, just as his father had 32 years before. Duchin and his twelve-piece band were soon booked for $3,000 a week in the St. Regis Hotel's Maisonette. Almost immediately, the nightclub's business quadrupled. Peter stayed on for three years, and the Maisonette was the only cheek-to-cheek dance spot in New York, besides...
...make a dollar," Richard Cone mailed eight packages of marijuana home from Panama. When he returned to Manhattan and picked up his parcel, U.S. customs agents arrested him. Minutes later, while walking to a Government car, Cone confessed; he freely gave evidence that helped earn him a five-year sentence for smuggling narcotics. Later he appealed, basing his argument on the Supreme Court's controversial 1964 decision Escobedo v. Illinois, which ruled that when investigation shifts to accusation, police must tell all suspects of their rights to silence and to counsel-and that any confession made without such warning...
...half a dozen ships, all aging, all under foreign flags, that carry American tourists on cruises to the West Indies, charging as little as $59 for the round-trip run from Miami to Nassau. Launched in 1927, she has flown U.S., Liberian and Panamanian flags, was registered in Panama when she went down. Thus, though long past the retirement age for U.S. passenger ships, generally kept in service no more than 20 years, she was required under international law to meet only the lax safety standards in force when she was built. Twice last year she broke down before sailing...