Word: washington
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Dates: during 1980-1989
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...bankers rightly point out that they must abide by relatively strict currency-reporting laws, while their counterparts in other countries play fast and loose. That discrepancy has prompted Washington to try to persuade the rest of the banking world to adopt the record-keeping system used by American institutions...
Financial experts are beginning to recognize that Washington will be unable to control drug money unless the U.S. compels offshore financial institutions to make their books "transparent" enough to show the true owners of the money. In the end, the Colombian drug cartels are about to force the world to re-examine the international financial system that has developed haphazardly over the 60 years since the Swiss first popularized secret banking. Countries may not yet be willing to make their banking transactions fully "transparent," but some light must be shed on everyone's books. Says Kerry: "It will take significant...
That kind of concession displeases conservatives, who say the Soviets should suffer through their economic and political crises without American assistance. The White House dispatched Vice President Dan Quayle to disarm the hard-liners even before Bush left Europe. Quayle uttered anachronistic noises to the Washington Post, including a nostalgic reference to the Soviet Union as a "totalitarian state." If Quayle's partial retraction a few days later -- he changed the description to "authoritarian" -- seemed to blur the Administration's view even more, that was part of the game. Behind the scenes, White House officials reminded conservatives that the overtures...
...scientist believes lack of computing power -- as well as ignorance about such critical factors as the interactions between the oceans and the atmosphere, and the impact of clouds on surface temperatures -- limits the ability to predict the greenhouse effect. "It's possible that Washington will see 96 days of temperatures over 100 degrees F in the year 2010," he says, "but it's also possible that the U.S. will be economically impoverished because it unilaterally imposed draconian measures in anticipation of a greenhouse warming that never arrived...
Several weeks earlier, TIME had convened a group of 14 scientists and policymakers for an all-day conference on the environmental crisis. The meeting, held in Alexandria, Va., and organized by Washington correspondent Dick Thompson, was a follow-up to a 1988 ecological symposium that led to TIME's selection of the endangered earth as Planet of the Year. "This has been a busy year," says sciences editor Charles Alexander. "We ran a story on the environment about every other week, including reports on logging in the Northwest and Japan's environmental practices, and covers on the Exxon Valdez...