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May 27, 2000
He's a former Olympian with Zeus on his side. Or
someone up there. A few years back he decided to get into
the privatization business. The National Property Fund sold
him a small department store valued at about $1 million,
four times less than its actual value. As per law, he doesn't
have to make his first payment for several months. Just
in case he changes his mind. But he immediately goes to
the deed office and is registered as the owner. He then
takes out an insurance policy on the property for its actual
worth of $4 million. Again, he has time to reconsider before
actually paying the premium, but he's officially insured.
Now just when you think the fire department is about to
have a big job on its hands, the skies open up and flood
the entire region. The insurance company, which never saw
a dime, had to fork over $100,000 dollars for the store.
The Olympian could have used the money to make at least
a down payment for the store, but he decided he no longer
wanted it. Or need it.
May 20, 2000
A member of the parliament would very much like to
clear her name. Mrs. Mullerova has been accused of financial
machinace - improprieties - at the firm where she worked
before coming to office. The only problem is that politicians
in this country have immunity from prosecution. She wants
a trial to clear her name, but can't have one until her
immunity is lifted. Won't her colleagues please be so kind
as to do that for her, she's asking. One, at least, isn't
about to offer her a sympathetic ear. He's the Saltman,
the former director of the nation's largest bank when a
scam involving $150 million was pulled off in his vaults
with the slightest of ease. Now in the senate, Saltman has
no interest in a trial of any sort. He maintains his innocence,
though, and to prove it, he's conducted business with the
firm that perpetrated the scam even after the story broke.
And why not? He has nothing to hide except all those millions.
May 13, 2000
In the annals of battles that have had absolutely
no effect on the course of history, the Prague Uprising
ranks near the bottom of the list. Unlike Warsaw or Dresden,
Prague had managed to escape the worst ravages of World
War II, mostly by sleeping through it. With the war all
but over, a few courageous careerists couldn't resist the
opportunity to curry favor with the approaching Russians.
So they rose up against the Germans and succeeded in adding
to the overall body count. A reenactment of the battle was
staged on the streets of Prague last week. Some of it was
authentic, some it not. In 1945, a Soviet tank did rumble
into the city to complete its liberation, but you can't
tell me it carried the same third-party liability insurance
the one used last week had to have before it was allowed
to participate in the event.
May 6, 2000
Mayday used to be a time here when Soviet flags
appeared in most windows and soudruzi ("comrades")
flocked to parades in honor of the ruling class. The flags
and parades
disappeared the moment communism did, as if to show that
the camaraderie with the former Soviet Union had just been
a hollow pretense. The Czech people were never like the
Russians to begin with, went the conventional wisdom. Now
it's these words that are proving to be the hollow pretense.
When it comes to white collar crime, the two countries
are
once again marching step in step. It's become so bad here
that Poland, Hungary, even little Estonia are leaving the
Czech Republic behind in the race to join the European
Union.
This past Mayday, the Premier admitted that his cabinet
has done little to clean up the mess. He should know. His
first minister of finance was locked up on charges of ransacking
the company he ran before being asked to handle the nation's
finances. After his release, the ex-minister appeared before
his friends in the parliament to talk about reforming the
prison system...just in case the rest of them end up there.
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