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...Guatemala to the west. In the 16th and 17th centuries it was the haunt of Spanish bucaneros and English slavers, of logwood cutters and warm-sea riffraff. In 1981 it achieved independence, and today it is the last fragment of the British Commonwealth on Central American soil, the smallest sovereign state on the whole continent (pop. about 200,000) and politically the least eventful...

Author: /time Magazine | Title: Blissing Out in Balmy Belize | 4/22/1991 | See Source »

Rudenstine's reasoning struck students as bizarre, considering that student government had many times in the past voted funds to student groups engaged in politics and even lobbying. The student government was indignant at this unprecedented abrogation of its sovereign prerogatives. The Daily Princetonian condemned Rudenstine and urged undergraduates "to strongly object to this limitation of [student government] authority to use activities money as students...

Author: NO WRITER ATTRIBUTED | Title: Rudenstine No Friend of Student Rights | 4/16/1991 | See Source »

...former B.C.C.I. banking officers in several countries reveal a pattern of unprecedented global financial duplicity. The bank may secretly control other U.S. banks. It has used front men to conceal ownership of businesses in many countries. Adeptly deploying political influence around the world, say investigators, it has enlisted sovereign governments in shady financial deals built on its ability to control massive global flows of illegal funds, such as drug money and flight capital. It has involved itself with the central banks of more than 30 Third World countries and in return for extending credit has become sole banker for hundreds...

Author: /time Magazine | Title: Masters of Deceit | 4/1/1991 | See Source »

Peru provides another intriguing example of how B.C.C.I. came to wield unusual power over sovereign finances. When Alan Garcia Perez was elected President of Peru in 1985, he inherited a nation in economic chaos, owing $14 billion to foreign banks and governments. The 36-year-old President stunned the international financial world by announcing that he would no longer deal with the IMF. Peru would henceforth repay its debt on its own schedule...

Author: /time Magazine | Title: Masters of Deceit | 4/1/1991 | See Source »

When Israel captured the Sinai, West Bank and Gaza in a defensive war in 1967, it didn't capture a sovereign "Palestine" that is now "occupied Palestine," but pieces of Egypt and Jordan...

Author: NO WRITER ATTRIBUTED | Title: Occupied Territories of Palestine? | 3/5/1991 | See Source »

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