Word: scandal
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Dates: during 1970-1979
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...years, the gap between rhetoric and reality in international amateur athletics has bred hypocrisy and, periodically, scandal. While demanding lip service to an impracticable ideal, the amateur system has left American athletes to fend for themselves in a degrading world of under-the-table payoffs and over-the-table handouts. To support themselves during the rigors of year-round training, many Olympians have accepted deals from manufacturers and fees for appearing in track and field meets, hiding their earnings from Olympic, Amateur Athletic Union and international sports federation officials. In the process, many have concealed their incomes from the Internal...
...thrown together regularly in the White House and on the tennis courts, they rarely see one another after hours-what few afterhours their jobs leave them. Their wives, both named Nancy, are ambivalent about their new life in Washington. Nancy Powell, for example, was outraged by scandal-sniffing reporters from the National Enquirer who were rummaging through the garbage outside their Foxhall Road home for clues to their living habits. Last week the Powells, with their daughter Emily, 10, moved into a $115,000 house in the same neighborhood. Jody at least sees more of his family than he used...
...leader of the anti-British, anti-Arab terrorist group known as Irgun Zvai Leumi (National Military Organization), who almost certainly will be Israel's next Premier. In a stunning upset victory, Begin's Likud (Unity) coalition last week became the dominant bloc in Israel's parliament, replacing a shattered, scandal-ridden Labor alignment that had governed the Jewish state since its founding in 1948. Likud's superhawkish campaign slogan had been "Israeli sovereignty between the Mediterranean and the Jordan," meaning no surrender of biblical land that Israel has occupied since the heady triumphs...
...Commons, Industry Secretary Varley denied having "nodded anything through" that was connected with overseas payoffs. A British Leyland financial executive named Graham Barton later admitted that he had forged the Ryder letter. But he insisted that he had done so only to emphasize "what I regarded as a national scandal," and maintained that other documents cited in the Daily Mail story were genuine...
Huge Losses. Leclerc is the 28th Swiss bank to go broke since 1970. Yet its problems are relatively insignificant compared with the scandal that is still building around one of Switzerland's Big Three banks, the Crédit Suisse (assets: $17 billion). For the past month, the Swiss banking community has reeled from one disclosure after another implicating executives of Crédit Suisse's Chiasso branch in illegal manipulation that resulted in huge losses. Crédit Suisse concedes that the sum could reach $100 million. Some outside sources put the potential losses as high...