Word: wille
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Dates: during 1980-1989
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The Bush Administration professes to be pleased with Bogota's resolve, though officials are studying whether it will be safe enough for the President to attend a drug summit in Colombia early next year. "Barco is an engineer, and so he took a while to make up his mind," says...
The drug lords seem to be getting the message. An authorized spokesman for one of the cartels told TIME that Escobar, Gacha and Gilberto Rodriguez Orejuela, don of the Cali cartel, recognize Barco's inflexibility and are waiting for his term to expire next August. Says the source: "They'll...
Much of the electronic money zips into a secret banking industry that got its start in Switzerland in the 1930s as worried Europeans began shifting their savings beyond the reach of Hitler's Third Reich. Later the country's infamous numbered accounts became a hugely profitable business. Chiasso, a quaint...
Now that a consensus is building that the U.S. must pick out the black money from the gray, the tools at hand seem minimal for the task. Says Jaime Chavez, an international banking consultant: "The people who will probably be searching for it have a very limited knowledge of what...
The biggest problem may be in deciding how to handle all the borderline illegality the task force will find. "How do you separate drug money from capital-flight money?" asks one of the mavens. "It will be more than drug money we come up with, and what happens when we...