Word: caribbean
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Dates: during 1970-1979
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...anyone. Known generally as Eurodollars, these expatriate greenbacks have accumulated as U.S. payments deficits, starting in the 1960s; lately they have been increasing dramatically as a result of the rising cost of imported oil. Today they form a $600 billion money mountain in Europe as well as in the Caribbean and other offshore tax havens, where they have escaped the control of the Federal Reserve. In the past, when the Fed tried to curb the pace of business?and inflation?by limiting the supply of money, banks were able to circumvent this tightening by obtaining Eurodollars. The 8% reserve requirement...
...were really a training unit, it was training itself." Though the brigade's purpose remains unclear, the unit does provide a degree of protection for the island while Cubans are busy elsewhere. There are now some 35,000 Cuban troops, technicians and civilian advisers in Africa. In the Caribbean, there are about 450 Cuban advisers in Jamaica, 250 in Nicaragua, 75 in Grenada, 70 in Guyana and 30 in Panama...
Brzezinski asked the wise men to comment on four issues involved in the crisis: the brigade, Caribbean stability, Soviet-Cuban actions in general and SALT. Then he rushed upstairs and dictated a summary of each man's position to his secretary and took a copy to the President...
...much more menacing than the brigade, a response that indeed fits the provocation. He promised to increase surveillance over Cuba, which he had cut back when he took office in an effort to prepare the way for normalizing relations with Fidel Castro. Carter said he would establish a Caribbean military headquarters in Key West, which a Pentagon official said would be a largely symbolic gesture intended to "show the flag 90 miles north of Cuba." Military maneuvers would be expanded in the Caribbean (including amphibious landings of Marines on the beaches at the Guantanamo Naval Base in Cuba). Finally, Carter...
...many Americans the timing of the ceremonies-even though they were mandated by a treaty that the Senate had passed and President Carter had signed -could not have been worse. The furor at home over the Soviet combat troops in Cuba was an uncomfortable reminder that the Caribbean was no longer an "American lake." Those troops, as well as the leftist tinge of the Cuban-assisted revolution that overthrew Nicaraguan Strongman Anastasio Somoza, raised fears that the canal faced a remote threat...