Word: sovereignity
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Dates: during 1980-1989
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...Central America, the main aim of the CBI is to fight Marxist-led subversion and insurgency. But in the 2,000-mile-long sweep of islands that dapple the Caribbean Sea, the problems are very different. The area's twelve sovereign nations, nine of which have become independent since 1961, face poverty, high unemployment, crippling debt and declining income from their few marketable commodities. TIME Caribbean Bureau Chief William McWhirter and Correspondent Bernard Diederich visited much of the archipelago and interviewed its worried leaders. Their report...
...troops who sailed to the sound of brass bands and cheering, anticipated the bloody battles that lay ahead. But all attempts at a diplomatic settlement failed, and war it was. It was an impressive late 20th century display of fighting for a principle?that a nation must defend its sovereign territory...
...illusion to think that no sovereign country will default on its external debt because it would become a pariah in the international financial community. A repudiation of debt could occur as a result of radical political changes, as is possible in lit erally any Latin American country, or geopolitical decisions, as might be the case in Eastern Europe...
...Pacific Ocean, one of the great engineering achievements of all time and a boon to the seagoing nations of the world. Within the Canal Zone, our country was granted in perpetuity "all the rights, power and authority. . . which the U.S. would possess and exercise if it were the sovereign of the territory...
Many lawyers welcome the shift away from sovereign immunity for municipalities. Argues Detroit Attorney Robert Dinges: "A city is no different from General Motors. If it commits a wrong, it should be just as liable as anyone else." Other lawyers, however, fear that the legal gains are outweighed by the losses. "A city is not like General Motors," says William Dietrich, Detroit's assistant corporate counsel. "If GM gets hit with a $1 million claim, it raises the price of its cars. When the city gets hit with $1 million, it lays off ten policemen. The people are going...