Word: scandal
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Dates: during 1970-1979
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...President during his trying early days in the White House. Laird could be useful in mending fences with Congress. When he was summoned by Nixon to restore order to the White House at the height of Watergate, he was not so much as brushed by the scandal. Unlike almost everyone else who got close to Nixon in his last year in office, Laird emerged with his reputation totally intact. A practical politician not given to selfdelusion, he referred to the Paris peace accords as an "American disengagement" rather than "peace with honor." Laird, the architect of Vietnamization and accelerated troop...
...speech, Ford alluded to the Watergate scandal, claiming that his administration had made it the highest priority "to restore decency to the Executive Branch...
...rare week for business scandal: three tangled tales of million-dollar misdeeds grabbed the headlines simultaneously. In Washington, federal energy officials confirmed suspicions that overcharges by oil suppliers during last year's period of Arab embargo and shortage had cost consumers hundreds of millions of dollars, much of which the Government has ordered refunded. In New York City, United Brands, famous for its Chiquita bananas, admitted bribing officials of Honduras, setting off an uproar that threatens government stability in that country. In Tel Aviv, the indictment of a highly placed Israeli executive on charges of siphoning cash...
...Latin America, the scandal had a decidedly déjà vu quality. Under its former name of United Fruit Co., United Brands' banana operations had been synonymous with Yanqui imperialism; United Fruit was widely known as el pulpo, or the octopus. More than one Latin government that got in its way fell. Since merging United Fruit with his own AMK Corp. in 1970 to form United Brands, however, Black had been trying to bury the el pulpo image. By paying high wages, providing workers with low-cost housing, building schools and operating well-equipped hospitals, he had earned...
Investigations are continuing, and the full story has yet to be told. Israeli officials insist that whatever losses The Israel Corp. suffers will not impair its soundness. But it is agreed that the scandal has, among other things, hurt the country's strained economy: compared with 1973, foreign investment in Israel last year was down...