Word: tradings
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Dates: during 1980-1989
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...more than a year, Bush has clung to the classic Reagan defense: ignorance. The Vice President has insisted that although he supported the arms sales, it was only in late 1986, after the story had broken publicly, that he learned they were little more than a sordid attempt to trade for hostages, and that profits were diverted to help the Nicaraguan contras. Bush was left relatively unscarred by both the Tower commission and the reports of the congressional committees, which portrayed him as a bit player. It was not a heroic image for the Vice President, but it provided...
...Drug Barons Rafael Caro Quintero, 35, and Ernesto Fonseca Carrillo, 56, reputed leaders of Mexico's largest marijuana smuggling family and the principal targets of Camarena's investigations. Also charged, in what has become a familiar pattern of complicity between drug operators and those charged with stamping out their trade, were three former Mexican police officials. "In what we do for a living we depend on the integrity of our law enforcement counterparts," said DEA Chief John Lawn. "In the case of Kiki Camarena, that mutual trust failed...
...indictments came at a time when the U.S. campaign against the Latin drug trade is being sorely tested. Four of the region's countries -- Mexico, Colombia, Peru and Bolivia -- are on the U.S. Government's list of seven "big producer" states targeted for maximum surveillance (the other three: Pakistan, Burma, Thailand). Latin America produces all the cocaine and nearly all the marijuana consumed in the U.S., dominating the illicit $130 billion-a- year market...
Holland was right. "They" -- the central bankers of the world's industrial countries -- were launching a major surprise mission to rescue the dollar from its perilous slide. The Federal Reserve and other central bankers intervened by unleashing a flood of orders to trade Japanese yen, West German marks and other denominations for the dollar. The strategy worked stunningly, sending traders scrambling to move in the same direction. Said Holland: "You don't make money by challenging the Fed. You could get squished trying to do that...
...proclaimed that the dollar's fall had reached a point of diminishing returns. The governments of Japan and West Germany, among others, began intervening in the market to cushion the sliding American currency. The U.S., however, was reluctant to intervene wholeheartedly because it wanted to reduce the stubbornly large trade deficit...