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...disaster brought the country's reeling economy to its knees. Mud slides destroyed 25 miles of Ecuador's vital oil pipeline, which begins at Lago Agrio and travels 340 miles through the Andes to the Pacific port of Balao. The rupture forced the suspension of oil exports, which in recent years have accounted for 60% of the country's export earnings. Already hard hit by falling prices of crude oil, in the wake of the earthquakes Ecuador suspended all payments on its $8.2 billion foreign debt for the rest of this year. Febres Cordero said he took the action "without...

Author: /time Magazine | Title: Ecuador Slow Killers | 3/23/1987 | See Source »

...West German freighter that has been sailing back and forth off the coast of Portugal for nearly a month. Gretl, owned by a Hamburg shipper, was carrying $6.8 million worth of Portuguese-made munitions, including some 67,000 120-mm mortar shells that were originally bound from the port of Setubal to the Iranian port of Bandar Abbas. The shipment in a West German flag carrier was illegal under a Bonn law that forbids the transport of armaments to "areas of tension." The delivery was contracted for by the Danish shipping firm of Finn J. Poulsen, which has an indirect...

Author: /time Magazine | Title: Everybody's Doing It | 3/16/1987 | See Source »

West Germany was alerted on Feb. 9 to Gretl's illicit actions by members of the national seamen's union. The Bonn government immediately demanded that the ship put in at the nearest port of the twelve-member European Community. Not eager to have its cargo confiscated, Gretl headed back to off-load in Setubal...

Author: /time Magazine | Title: Everybody's Doing It | 3/16/1987 | See Source »

...ground-to-air missiles to Iran between 1983 and 1985. Last month the Belgian daily Le Soir reported that Swedish customs officials had sent a bulky dossier to their counterparts in Brussels. The file contained details of the shipment of Swedish war materiel destined for Iran through the Belgian port of Zeebrugge. Last week Martin Ardbo, the managing director of Bofors weapons division, abruptly resigned. This week the Swedes are expected to publish the results of a customs investigation that, it is believed, will show that an intricate network of European smugglers has used almost all the North European countries...

Author: /time Magazine | Title: Everybody's Doing It | 3/16/1987 | See Source »

...Moby Dick (1956) and Tennessee Williams' The Night of the Iguana (1964). But Joyce offers a special challenge. Lights, camera, no action. "The movie doesn't have a single automobile chase," notes the director dryly. "No gun duels. The biggest piece of action is trying to pass the port." On a snowy Dublin evening during the Christmas season, Gabriel Conroy and his wife Gretta attend his maiden aunts' annual dinner dance. He is a smug, possessive "stout tallish young man," who is preparing some after-dinner remarks with allusions to Browning and classical antiquity that, he fears, will sail over...

Author: /time Magazine | Title: Show Business: John Huston Raises The Dead | 3/16/1987 | See Source »

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