Word: reporter
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Dates: during 1970-1979
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...report did, however, detail a sometimes sloppy relationship between Lance's bank and the Carter enterprise in Plains. Loans to build a new warehouse and to construct a peanut sheller at one time totaled about $1 million. On two occasions, the bank reduced the interest rates on these loans, eventually to a rate of 1½ percentage points above the prime rate. At the time of the last rate reduction on the construction loan, the prime rate, which banks charge their most credit-worthy customers, was 7%. Said Lance: "There were good and sufficient banking reasons for those decisions...
Despite the N.B.G. directors' report, Lance is still not in the clear. Left unresolved by the bank report is the grand-jury investigation into his banking practices. Some result of that probe is expected in six to eight weeks...
Until then nobody had any idea of just how big Colombia's marijuana crop was. Former Assistant Attorney General Rodolfo Garcia Ordonez doubted reports that 25,000 acres were being used to grow marijuana. To disprove what he considered wild overestimates, he took a three-day helicopter tour of the northern provinces and made a "strict calculation." His final report: the weed was flourishing on not 25,000 but about 250,000 acres in Guajira. Perhaps 50,000 more acres are cultivated in the southern plains. "I was shocked," he said. "No one thought the problem could be of such...
...comes in many varieties. The "catadores, "or crop tasters, report that although Santa Marta Gold is still the most famous of the Colombian line, the Arhuaco Indians in the higher altitudes are growing an even more potent variety of pot: Mona (blond) plants so pale that they look bleached. The Cielo Azul heights produce a pale plant known as Blue Sky Blond, developed as a hybrid two years ago with seeds from Thailand. Even the arid and low-lying fields of the Guajira peninsula, which are irrigated and farmed with tractors, grow a good green grass. The broiling sun forces...
...pattern established at the 1957 Apalachin, N.Y., meeting of Mafia dons, where Carlo Gambino counseled that the drug trade was bringing too much heat. A number of old-line families moved out of the business then and have stayed out. But there is so much money involved, police report, that four families ? the old Lucchese, Colombo, Bonanno and Genovese clans ? are starting to move in after all. One group of Italians was discussing the cocaine trade in the back room of a Bronx restaurant not long ago when they were visited by a pair of Colombians...