Word: swiss
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Daniel apparently had second thoughts. The next day he told U.S. reporters that the military plans were only a "proposal" and painted instead a picture of a Swiss-style large reserve army. But Ortega was trying to have it both ways. While aiming to soothe Washington, he was playing to audiences at home, where both Miranda's charges and peace talks with the contras threaten to weaken Sandinista support. In a speech the same day, Ortega warned that if the Sandinistas lost an election they would step down but would lead an insurrection if they disagreed with the new government...
Most of the forecasters predicted that the budget gap will grow from $148 billion in fiscal 1987 to somewhere between $160 billion and $175 billion next year. With an election year coming up, the chances for major spending cuts or tax increases are slim. Says Swiss Economist Christoph Koellreuter, who heads the Forecasting Institute at the University of Basel: "For political reasons, the U.S. is unlikely to do what it should...
...Defense Minister Ortega, brother of Nicaraguan President Daniel Ortega, has close to $1.5 million in diverted Defense Ministry funds in a Swiss bank account...
Some of Miranda's information was painstakingly detailed. Charging corruption within the Sandinista directorate, he claimed that Humberto Ortega, under other names, maintains a bank account, No. 58946, in a Swiss branch of the National Bank of Paris. As of last October, Miranda claimed, the account totaled $1,495,596, all of it diverted between 1981 and 1986 from Defense Ministry coffers...
...SWISS Watchmaker spends his days squinting through a magnifying glass at pieces of metal the size of termites. All day long. He's a very busy man. Too busy repairing watches to answer questions about what it's like to repair watches all day long...