Word: tankers
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MANAMA, Bahrain--An Iranian speedboat shot up a Saudi Arabian-owned tanker in the Strait of Hormuz yesterday, hours after President Reagan said the U.S. Navy will no longer ignore attacks on noncombatants in the Persian Gulf region...
...Gabriel's more intriguing disclosures concerns La Pipa (the Pipe), a smuggling operation carried on by the DFS. According to Gabriel, the agency in the late 1970s acquired about 600 tanker trucks, ostensibly for ferrying natural gas from the U.S. for sale in Mexico. On the northbound leg of the trip, DFS men packed the empty trucks with marijuana provided by Mexican dealers and ran ten to twelve trucks a day into Phoenix and Los Angeles. At the border, several Mexican officials and U.S. Customs personnel were bribed $50,000 a load to let the trucks pass...
What Liberia and Panama are to the oil tanker, Delaware is to the U.S. corporation: a friendly, light-taxing home port. Some 180,000 corporations are based there, at least on paper, including 45% of those listed on the New York Stock Exchange and 56% of the FORTUNE 500. So when Governor Michael Castle signed new antitakeover legislation last week, the impact reached far beyond Delaware's borders. Among its provisions, the law requires that takeover artists who buy between 15% and 85% of a Delaware-registered company wait three years before selling off assets or merging the target firm...
December was the cruelest month in the Persian Gulf. It brought attacks by Iran and Iraq on at least 29 commercial ships, the highest recorded monthly number since the tanker war began. At the gulf's northern end, the seven-year- old war between the two Islamic rivals threatened to take a menacing turn as Tehran boasted of its ability to produce chemical weapons and a long-range missile. Vowed Iranian Prime Minister Mir Hussein Mousavi: "The government is committed to allocating its full potential to the war effort...
Following some of the worst rioting in its occupied territories in 20 years, the army dispenses quick justice in military courts and beefs up its patrols. -- Gulf nations meet to coordinate defense in the widening tanker war. -- Soviet and Afghan troops mount a desperate effort to save the strategic town of Khost from a rebel siege. -- Northern Ireland ends another year of sectarian strife...