Word: laundering
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Dates: during 1990-1999
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...their appreciated stock to a limited partnership in exchange for a proportional interest in it. After seven years, the partnership dissolves and each partner redeems his interest "in kind." That means partners are given equal amounts of all the stocks in the fund. It's a nifty way to launder, say, 50,000 shares of General Motors into about 500 shares each of 100 different companies without having to sell and pay an immediate tax on the capital gain...
Hoffa contends that it was only the old allegations of scandal that caused his 1996 loss to Carey by a 16,000-vote margin. So his recent stump speeches hammer on the accusation that Carey knew of a plan to launder union funds through third parties and into his campaign coffers. "Either Ron Carey is a fool or a crook or maybe just a crooked fool," sniffs Hoffa. "One thing is certain--he has set the Teamsters back 20 years...
...having citizens killed as they tried to get over the Berlin Wall... Friendly Fire: Seventeen percent of violence-related injuries are caused by a friend or relative, according to a US Justice Department survey... I Am Not a Crook: Teamsters President Ron Carey denies knowledge of a scheme to launder illegal contributions into his election campaign... Will They Accept Delivery?: UPS makes a final contract offer to its strike-threatening pilots... Holy Crowd!: A million show up to hear the Pope preach in France despite criticisms of his visit falling on the anniversary of a 16th-century Roman Catholic massacre...
...money helped free up funds for the successful Republican assault on Congress in 1994, and it aided the party again two years later when the Hong Kong guarantor absorbed $500,000 of the unpaid balance. Senate investigators are now trying to determine whether the Forum was used to launder foreign campaign funds. The controversy was foreshadowed in the memo by Baroody, who explained he was resigning partly over Barbour's "fascination" with foreign sources of funding. Baroody wrote that while the think tank's bid for nonprofit tax status required it to distance itself from partisan activities, staff members felt...
...being waxed, alarm clocks are being disarmed and reduced library hours are being lamented by pre-meds. Seniors awaiting rejection letters can relax as there will be no mail delivery. Washers and dryers will be packed with the soiled garments of those who have finally found the time to launder their wardrobe for the first time since the beginning of reading period. And somewhere, a handful of history buffs and patriots will celebrate the respective lives of Lincoln and Washington...