Word: scheme
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Dates: during 1990-1999
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...stated purpose of the scheme was to help one of the Venezuelan general's agents win the confidence of Colombia's drug lords. It would also help the CIA and the DEA gather crucial information about the cartel's methods. But Grimm refused to cooperate. As she later told 60 Minutes: "I really take great exception to the fact that 1,000 kilos came in funded by U.S. taxpayer money." Besides, said DEA agents, they already had enough information about the Medellin cartel's activities. They did not need a "cockamamie" scheme to distribute tons of drugs to gain...
...truck at the CIA-funded counternarcotics center near Caracas. Several caches were then flown off to the U.S., and all went well -- until the Miami bust in late 1990. According to DEA sources, McFarlin allegedly shared information with Guillen that the Venezuelan secret police were on to the scheme. The shipments continued, however, until Guillen tried to send in 3,373 lbs. of cocaine at once. The DEA, watching closely, stopped it and pounced...
...which began its own investigation in 1991, taken for a ride? Trying to head off accusations that it profited from the scheme, a CIA spokesman declared that "there was no evidence of criminal wrongdoing" by the agency's operatives. But, he said, an internal probe uncovered "instances of bad judgment and poor management on the part of some CIA officers involved, and appropriate disciplinary action followed." Station chief Campbell has retired; McFarlin has resigned...
Controversy over the three subsidy plans last week caused an E.C. industry ministers' meeting to break up in disarray. The officials had hoped to clear the way for a crucial $11 billion restructuring scheme that aims to cut European steelmaking capacity 20%, or 30 million tons a year -- and in the process throw at least 60,000 people out of work. The stakes are high for an industry that lost $4.5 billion in 1992. "If we do nothing," says a Commission official, "the whole industry will be bankrupt in two years...
...subsidy accord is crucial to the rescue operation, for private companies will not cut back unless their state-owned competitors are brought to heel. Europe's private steelmakers have warily agreed -- in principle only -- to a $1.1 billion shutdown scheme that the E.C. and member states plan to sweeten with $3.1 billion more for unemployment benefits and retraining. After last week's fiasco, officials pleaded for more flexibility from Rome. But either way, the lesson is clear: the longer the delay, the more painful the cure...