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RING AROUND THE MONEY. What country will replace Panama as the world's leading drug-money Laundromat? U.S. law-enforcement agencies are wondering, and so, evidently, are the cocaine cartels. Uruguay, with its stringent bank-secrecy laws, would seem a natural heir. But after Uruguayan officials extradited an accused money launderer and assured the U.S. of further cooperation, cartel financiers began scurrying for alternatives. Among the prospects being watched by investigators: Vanuatu, a Pacific island republic formerly known as the New Hebrides; the Cook Islands, a protectorate of New Zealand; and the island group of Palau, which is about...

Author: /time Magazine | Title: Grapevine: Jun. 25, 1990 | 6/25/1990 | See Source »

...Once the Uruguayan-born Ott's design was chosen by Mitterrand in late 1983 after an open competition, however, the sniping really started. There were whispers that Ott's utilitarian, curvilinear design had been selected by mistake. There was a revolving door of administrators. During a two-year conservative interregnum, the project was temporarily halted...

Author: /time Magazine | Title: Music: No More Business as Usual | 4/2/1990 | See Source »

...into the sea and burning of trash in an open-air pit. The waters right off the station are reportedly more polluted with substances such as heavy metals and PCBs than any similar stretch of water in the U.S. Greenpeace has also documented reckless dumping and burning at Soviet, Uruguayan, Argentine, Chilean and Chinese bases. And an airstrip under construction at France's Dumont d'Urville base has already leveled part of an Adelie-penguin rookery...

Author: /time Magazine | Title: Environment: Antarctica | 1/15/1990 | See Source »

...Delaware, where the Uruguayan tanker Presidente Rivera ran aground and spilled 300,000 gals. of heavy No. 6 oil, about 70% had been cleaned up. The smallest of the spills, which occurred when a barge collided with a cargo ship in the Houston Ship Channel and released 250,000 gals. of heavy crude, was almost completely recovered. Nature cooperated: high winds blew most of the petroleum into an industrial channel where it could be scooped up easily...

Author: /time Magazine | Title: Whose Mess Is It? | 7/10/1989 | See Source »

...Uruguayan tanker Presidente Rivera, en route to Marcus Hook, Pa., was loaded with 28 million gal. of medium-heavy oil when it ran aground in the Delaware. While the spill was conspicuous, the Coast Guard's marine-safety office in Philadelphia moved quickly. Cleanup crews surrounded it with booms and began pumping the remaining oil in the ship's tanks into barges in order to limit the damage. The fast response was heartening. But the U.S. really needs a way of preventing more spills...

Author: /time Magazine | Title: Summer of The Spills | 7/3/1989 | See Source »

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