Word: riche
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Dates: during 1970-1979
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Once again the copper-rich region of Shaba (formerly Katanga Province) in southeastern Zaïre was engulfed in civil war. An estimated 5,000 Katangese. guerrillas of the Congolese National Liberation Front (F.L.N.C.), which has been seeking autonomy for Shaba since Zaïre gained its independence from Belgium in 1960, launched a deadly strike on the region from their bases in Marxist-run Angola. In a seesaw battle with the forces of President Mobutu Sese Seko, the Katangese rebels-who variously refer to themselves as les tigres (French for tigers) or camaradas (Portuguese for comrades)-captured the provincial...
...grouping of Marxists and socialists led by Khaled Mohieddin, who was known as the "Red Major" when he was a member of Gamal Abdel Nasser's Revolutionary Command Council. Among the leftist charges: much of the $10 billion given to Egypt by Saudi Arabia and other oil-rich Arab states since 1973 has never reached the people; a bribe of $1.5 million was paid to a government official to get a hotel project started near the Pyramids; the army sold a plane, a gift from another Arab state, to an influential Egyptian at half its value. The government...
...investment opportunities in American land and buildings. Says Jack Shaffer, a senior vice president of New York City's Sonnenblick-Goldman Corp., mortgage bankers: "Many of the foreigners who invest in U.S. real estate are the wealthiest people and richest institutions. They don't want to get rich. They are rich. They just don't want to get poor...
...serve these rich clients, investment firms abroad are now specializing in American property. Some are one-or two-man operations, and several are as large as West Germany's Lehndorff Management Ltd., which has invested some $300 million in U.S. properties for 1,800 investors. Reports TIME Bonn Correspondent Barrett Seaman: "An American kind of optimism is everywhere. In Frankfurt, a consortium of banks offered $60 million worth of over-the-counter investment shares in a Houston office building for about $10,000 each, and in three weeks sold out the offering to customers, many of them walking...
...Another program that might appeal to Freddie is Sword of Justice, which sounds like a cross between The Green Hornet and The Scarlet Pimpernel. After serving five years in prison on a bum rap, the hero (Dack Rambo) emerges to be come a handsome, sexy and rich gadabout by day. But at night he is a handsome, sexy and rich scourge of evildoers. Zap! Zap! Or, yawn, yawn...