Word: stillness
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Dates: during 1980-1989
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...even if electoral endorsements were made only rarely, as Ehrenreich suggests they would be, the threat of turning off potential or current supporters is still very real. The flurry of letters that The Crimson received from irate PBHA supporters in the wake of the Prop 1-2-3 endorsement testifies to that...
...leaders of Colombia's coke cartels have gone into hiding, forfeiting posh estates and bank accounts; some law- enforcement officials believe that the drug princes have even undergone plastic surgery. Nevertheless, Gacha and company remain immensely powerful, with their pipeline to the U.S. merely dented and their profits still enormous. And in the past two weeks they have demonstrated that they do not care how many people die in their showdown with the government to see who really rules Colombia...
...Still, Hong Kong remains the pre-eminent laundering center in the Pacific. Almost everyone there does it, usually legitimately, at least according to the laws of Hong Kong, where even insider trading is no crime. By the puritan standards of the U.S., says one American banker, "the lack of public disclosure here is scandalous." The city is a mecca for arms dealers, drug traffickers and business pirates of every description. "Where else could I broker a deal that involves machine guns from China, gold from Taiwan and shipments traded in Panama City?" says a Brazilian arms merchant who maintains...
...South Florida banks, Miami's cash glut fell last year to $4.5 billion. Much of the business went to Los Angeles, where the cash surplus ballooned from $166 million in 1985 to $3.8 billion last year. Despite such rocketing growth, the staffing of federal law-enforcement offices in L.A. still lags far behind the levels in Miami or New York City...
...Banks have begun to exercise more internal supervision as well, prodded by a series of investigations in the mid-1980s in which such institutions as Bank of America and Bank of Boston were forced to pay hefty fines for their involvement in laundering schemes. Yet many major banks are still participants, witting or not, in ever more sophisticated laundering operations...