Word: washing
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Dates: during 1980-1989
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...wholesale value of the coke, as much as $28 billion, is testimony to another kind of dark genius. This is the scandalous ability of the coke kingpins to launder billions of dollars in drug proceeds using many of the same financial services available to the FORTUNE 500. In a wash cycle that often takes less than 48 hours, the drug smugglers can turn coke-tinged $20 and $100 bills into such untraceable, squeaky-clean assets as money-market deposits, car dealerships and resort hotels...
...state house where Earl's corpse lies, and the camera ascends to take in Long's old domain. Randy Newman's poignant song Louisiana 1927 -- a cracker's lament about a devastating flood -- reaches its apogee of symphonic paranoia with the line "They're tryin' to wash us away." Just then, the camera discovers the Mississippi roaring past, washing away Earl and his wily, wild, pre-TV tradition of Southern politics. What has happened down there is that the wind has changed, and for its last three minutes Blaze finds potent film poetry to express that change. The rest...
...high-tech wash cycle that often takes less than 48 hours, drug smugglers can turn cocaine-tinged bills into such squeaky-clean assets as money-market deposits and car dealerships. One danger: drug lords and other lawbreakers are believed to be buying valuable chunks of the American economy. Andrew Tobias on the impact of falling housing prices...
...Even in Moscow, party leaders were struggling to come to terms with the revolution being wrought in Eastern Europe. Official papers were both elated by the changes and wary that the democratic tide might wash away the postwar boundaries of Europe. Politburo member Alexander Yakovlev observed that the renewal in Poland, Hungary and East Germany "poses a threat to none, except, maybe, those countries that have yet to go through the process of democratization." Moscow was preparing to ease rules for travel and gave no sign that the tidal wave in Eastern Europe has reached the limit of its tolerance...
...conference attracted a few mayors who have made political history, including Norm Rice of Seattle and John Daniels of New Haven, both the first Black mayors of their respective cities, and Karen Vialle of Tacoma, Wash., and Martha Wood of Winston-Salem, N.C., both the first female mayors of their cities...