Word: reno
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Dates: during 1990-1999
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WASHINGTON: In the war on drugs, every bust only raises the street price -- and makes kingpins rich. But Janet Reno has just scored a victory that could matter: She got their money. Lots...
...Reno and Treasury Secretary Robert Rubin stood side by side in Washington Monday to announce the culmination of a three-year sting operation targeting Mexican bankers who laundered drug money for the Cali cartel of Colombia and the Juarez cartel of Mexico. The booty: $35 million seized -- with another $122 million to be confiscated from U.S. and foreign bank accounts, and more than 180 expected arrests. And there were drugs, too: Two tons of cocaine and four tons of marijuana...
...this was apparently accomplished without any assistance from the Mexican authorities (although some would say that's hardly a change) -- Reno and Rubin told their Mexican counterparts about the sting only on Monday -- leaving red-faced Mexican officials to stammer about how laundering drug money was not "an institutional practice of Mexican banks." Of course not. Thanks, amigos, for all your help...
WASHINGTON: Eyeball to eyeball with the Justice Department, Microsoft blinked. Just hours before Janet Reno was set to announce a new federal and state antitrust suit against the software firm, Microsoft attorneys arrived bearing what one state lawyer called "major concessions." The upshot: Redmond will not ship Windows 98 to computer makers until Monday. A source close to the negotiations told TIME Daily there "will be a cooling off period" and that "there will be no action" Thursday. "All this means," the source said, "is that the discussion continues...
...were due to be delivered to the likes of Dell, Compaq and Hewlett-Packard this Friday. Microsoft spokesman Mark Murray said the fact it had been delayed "will not have any impact on the commercial launch date" for the top operating system upgrade, still set for June 25. What Reno et al would like before then is an agreement to let manufacturers remove the Internet Explorer icon, among others, from the Win 98 desktop. She shouldn't hold her breath. Given Microsoft's penchant for brinksmanship, that could take some time...