Word: riche
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Dates: during 1970-1979
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...appeal of the replicar is to the newly rich who have not acquired the sophistication to appreciate the real thing. Martha M. Smith Portland...
...Melba Allen also wanted to become rich, and according to testimony last week in a Montgomery courtroom, this ambition led to her undoing. While state auditor, she began dabbling in her own business on the side, taking out 26 bank loans, mostly to speculate in land sales and help her husband Marvin expand his trucking business. Once installed as Alabama's $23,000-a-year treasurer, she quickly turned her new powers to personal use. Chief among them was authority over the cash in the state treasury, sometimes amounting to $550 million, which by law must be deposited...
...loans to cover overdue debts. "Out of desperation she was trying to keep her corporate house of horrors from falling," said District Attorney Jimmy Evans. Toward the end, her debts rose to $1.7 million. Finally, after an anonymous letter to the state ethics commission last September, the Allen get-rich scheme collapsed. A grand jury conducted a three-month investigation, subpoenaing 270 bankers, and indicted her on charges of misusing her office for personal gain...
...accompaniment to the obvious political repression: the colony's economy was structured to benefit the Belgians, and the Belgians alone. When the Congo gained independence, social security payments in Belgium dropped 40 per cent--an indication of the importance of the huge African country for its colonial masters. The rich copper mines in Shaba, then Katanga, were owned by a Belgian state monopoly. The Belgians had hoped to continue their economic control even when political power had passed into African hands...
Mobutu's relations with his neighbors are strained, to say the least. Angola in particular has had problems with his erratic and belligerent style. Mobutu's designs on Angola have never been secret: he wanted to acquire the oil-rich enclave of Cabinda--which is separated from Angola by the Congo River--along with whatever else he could grab. When the Portuguese agreed to leave Angola, Zairean and South African troops joined local groups to fight the Movimento Popular de Liberacion d'Angola (MPLA), which had established itself as the best-organized and most popular nationalist movement. In this "Second...