Word: settlements
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Dates: during 1980-1989
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...book Passage Through El Dorado, Kandell plays up the similarities between the wave of settlement now occurring in the jungle interior of South America and the push west so important to U.S. history. The wild, reckless settlement of the Amazon region has much of the character of an Oklahoma land rush. And they may have the same importance for the nations south of the border that the settlement of the west had for the United States-relieving overcrowded cities and rural areas of some of their excess populations. This could be especially important in nations like Brazil, whose urban areas...
...people who fight them. As a chronicler of the new frontier he varies between the sociological reasoning of a Frederick Jackson Turner and the adventure-packed storytelling of Louis L'Amour. He does a better job at the latter. While he makes many interesting observations about the changes the settlement of the frontier will have for South America, the book remains very much a fun read, highly suitable for beach-towel browsing. In what current novel can you meet Robert Suarez, the "Cocaine King of the World," head of a $400 million dollar operation which harvests, refines and exports...
Last week, after nearly two years of intense negotiation, Ambrosiano's creditors quietly circulated a 161-page agreement that called for the Vatican to pay them $244 million in recognition of its "moral involvement" in the bank failure. According to one church official, the settlement will mean that the Vatican's accountability in the matter "will finally be completely resolved...
...arriving at a settlement with Ambrosiano's 120 bank creditors, the Vatican negotiated a clause stating that the payment was being made solely because of moral considerations. The church has always insisted that it has no legal or financial responsibility for the Ambrosiano losses...
...million the Vatican will pay represents about half of its cash and readily marketable assets and could put a severe strain on its resources. To raise funds for the settlement, which is due by June 30, the church recently sold its controlling interest in Vianini, one of Italy's largest construction companies, for an estimated $35 million. The Vatican also has borrowed heavily from London banks and may have to sell many of its foreign financial and real estate holdings to come up with the rest of the money...