Word: turkishly
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...government crackdown earlier this year forced them out of business (TIME, April 3). The military in Indonesia owns a domestic airline, Mandala, bus services and banks. For sheer scope, drive and staying power, however, the business offensive of Turkey's army is in a class by itself. Turkish military chiefs openly and aggressively run what amounts to the country's biggest and most pervasive conglomerate...
...instrument of this entrepreneurial clout is the Armed Forces Mutual Assistance Fund (known as OYAK in Turkish), which was established in 1960 when a military junta temporarily seized control of Turkey. Under OYAK rules, regular officers (commissioned and noncommissioned) in the air force, navy and ground forces, who number about 80,000 in all, are required to pay 10% of their wages into the fund for eventual reimbursement. So far, OYAK has collected more than $100 million...
With this inflow of capital, OYAK investments have spread throughout the Turkish economy. The fund owns controlling interests in Turkish Automotive Industry, a company that assembles International Harvester trucks and tractors; MAT, a truck and tractor sales firm; the OYAK Insurance Co.; Tukas, a food canning firm; and a $3,000,000 cement plant. OYAK also holds 20% of the $50 million Petkim Petrochemical plant, scheduled to begin operations within three years, 8% of state-owned Turkish Petroleum and 7% of a $5.6 million tire factory owned mostly by Goodyear. Civilians operate the companies, but many key posts are held...
...gradual phase-out of its opium-poppy production this year, rather than maintain severely limited production for medical use, as originally planned. The government did not find the decision hard to make, in view of the fact that Washington seemed to hint that the U.S.'s $140 million Turkish aid program hung in the balance. The U.S. is easing the country's cold-turkey withdrawal from poppy production with $35 million in special funds, to be used, among other things, for the construction of a sunflower-oil processing plant near former poppy fields. But many Turks are now having second...
...toughest place Panella has worked in was Turkey. Frequently he posed as a buyer and approached the wagon trains by which heavily armed Turkish opium farmers moved their wares at night. "I never made a case in the interior when there wasn't shooting," Panella says, "but nobody ever got hit. The confusion is unbelievable. You just close in when the time comes and grab as many farmers...