Word: micronesia
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Dates: during 1980-1989
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...financial center of gravity in the world has shifted toward the Pacific Rim, new tax and secrecy havens have multiplied on such remote islands as Nauru in the western Pacific and Palau and Truk in Micronesia. Citizens of Vanuatu, a volcanic archipelago of some 80 islands formerly known as the New Hebrides, have found that international finance beats coconut and taro farming. In Port Vila, the capital, it is not unusual for a $100 million transaction between major international banks to take place on any given...
...citizens since 1950. Although the Marianas voted overwhelmingly for commonwealth status in 1975, it took the U.N. until last May to approve the change, which President Reagan proclaimed Nov. 3. Other former members of the U.S. Trust Territory -- the Palau group, the Marshall Islands and the Federated States of Micronesia (Yap Island group, Kusaie, the Truk Islands and Ponape) -- opted for independence...
...part article on Micronesia published this week in The Crimson is a model of irresponsible journalism. It is filled with half truths and untruths, which could and should have been checked before publication. The United States did not, as the articles suggest, use "Micronesia" as a test site "for advanced nuclear weaponry." A portion of the northern Marshall Islands, which itself is only a small portion of Micronesia, was indeed used for some years, ending in 1954, for nuclear tests. By today's standards the tests were primitive, not advanced. The article next implies that such tests are going...
MEANWHILE, many of the islands are working toward free association, which would give them greater economic aid in exchange for, in some causes, specific military rights for the U.S. The Mariana Islands on Micronesia now have commonwealth status...
...same time, the islands of Micronesia, once a string of paradises in the Pacific, have learned first hand the workings of U.S. democracy at its worst. Says Keju, "We believed in the altruism of the situation and found later we were being mislead. We have found that freedom isn't free. You've got to pay the price. But you have to remember, the Marshallese have no word for enemy...