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Nowhere was the scandal played as such unabashedly good news as in Nicaragua, whose Marxist-led Sandinista government hoped it would be a major blow to the chances of continued U.S. support of the contra guerrillas. President Daniel Ortega claimed the Sandinistas had known all along that the U.S. was conducting a campaign to keep antigovernment forces supplied in defiance of congressional prohibition. The Sandinistas hope the prohibition, lifted in October after Congress voted to send $100 million in U.S. aid over the next year, will be clamped back...

Author: /time Magazine | Title: Diplomacy: Strong Aftershocks | 1/26/2007 | See Source »

Under Gorbachev, news is reported more promptly, but the ideological spin remains. When National Security Adviser John Poindexter resigned, TASS immediately carried an announcement, then added, "In this way the Administration is trying to hush up the scandal over secret U.S. arms deliveries to Iran, which were carried out on the order of the White House." In a report last week, a Soviet TV correspondent in Washington called the Iranian affair "shameless and lawless, even by American legal standards...

Author: /time Magazine | Title: Press: Different Degrees of Candor | 1/26/2007 | See Source »

...during the ban on such help from the U.S. Government, Calero replied, "There are things I just don't want to know. My father always said, 'Don't let people confide in you. They will confide in other people too, and you will be blamed.'" As the Iran-contra scandal unfolds, many in the Reagan Administration may eventually resort to the same know-nothing defense...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

...freewheeling and shrewdly eccentric career of H. (for Henry) Ross Perot will argue with that description. The blunt-spoken, impulsive founder of Electronic Data Systems, who managed last week both to goad mighty General Motors into an expensive estrangement and get his name involved in Washington's Iran-contra scandal, has been variously called a dictator, a superpatriot and an inspiring, unassuming employer-philanthropist. He is also one of America's wealthiest men. His scrappy individualism and spectacular feats of corporate derring-do are the stuff of John Wayne-style legend and its modern equivalent, a television mini-series...

Author: /time Magazine | Title: Need a Rescue? Call Ross | 1/26/2007 | See Source »

...came as a "bolt from the blue," and now he considers it the most serious problem he has confronted during his 14 years in public office. According to an intimate, the President remains "very disappointed and very disturbed about what he was not told" about the Iran-contra scandal. Reagan still thinks he does not know all the details of the Iranian arms shipments and the subsequent funneling of profits to the Nicaraguan rebels. "Everybody keeps saying that they want all the facts," says this ally. "My God, so does he!" In his radio broadcast Saturday, the President regretfully conceded...

Author: /time Magazine | Title: Under Heavy Fire | 1/26/2007 | See Source »

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