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Ever since 1914, when U.S. engineers connected the Atlantic and Pacific oceans by carving a 43-mile-long canal across the Isthmus of Panama, the two ! countries have been intimately linked. So great is American influence that the U.S. dollar is legal currency in Panama. Yet Panamanians are extremely sensitive to any slight from their northern neighbors, especially since their nation is due to take over full jurisdiction of the canal at the end of 1999. Thus diplomats scurried for cover last June, when Senator Jesse Helms of North Carolina, an opponent of the controversial 1977 treaty that turned over...

Author: /time Magazine | Title: Dirty Dollars | 1/19/1987 | See Source »

...payment." Of the $25 million, $15 million seems to have disappeared. Furmark went to his old friend Casey to ask what happened; Casey insisted to him that Lake Resources was not a CIA account. It appears, in fact, to be the account of a company that was incorporated in Panama (though all its directors live in Switzerland) in May 1985 and officially liquidated on Nov. 10 this year. Suzanne Hesti, listed as president, refuses to say what kind of business the company conducted...

Author: /time Magazine | Title: What He Needs to Know | 12/22/1986 | See Source »

Administration leaks mentioned three of Nicaragua's neighbors -- Honduras, Panama and El Salvador -- as possible training sites and sanctuaries. But as soon as the speculations surfaced, it became clear that opposition to some of the Administration's anti-Sandinista schemes came not just from Congress but also from Honduras, Panama and El Salvador...

Author: /time Magazine | Title: Unwelcome Guests | 9/8/1986 | See Source »

...American dealings, it is wiser to watch what countries do than what they say. U.S. officials construed the refusals as signals to Washington that the Administration should treat its Central American friends with more respect, and more generously. There was strong suspicion among some State Department officials that while Panama and El Salvador were earnest about wanting no part of the contras, Honduras -- for the past four years a major unofficial contra refuge -- hopes to induce the U.S. to sweeten its aid allotment. Observers noted that a Honduran delegation was in Washington last week negotiating for a larger helping from...

Author: /time Magazine | Title: Unwelcome Guests | 9/8/1986 | See Source »

...Fort Dodge. They had spent two weeks training in the bush and giving medical treatment to occupants of remote villages like Toro Muerto. The Air National Guard unit in Bangor, Me., has already been in Alaska, California and Italy this year and is revving up to fly off to Panama next week...

Author: /time Magazine | Title: Weekend Warriors No More | 9/8/1986 | See Source »

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