Word: bail
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Dates: during 1970-1979
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Unlikely Fugitive. Lewis could have remained at the Terminal Island prison throughout the grand jury session, and its term might be extended to September 1975. Last week a three-judge panel denied a stay of Lewis' contempt citation and rejected his appeal for bail...
...agonizingly delicate line, keeping a rein on credit tight enough to avoid feeding inflation while still putting out enough money to keep the economy from tumbling into recession. He has pledged to avoid a "credit crunch" (a situation in which loans become unavailable for any purpose) and to bail out any banks that get into trouble, even if that means increasing the nation's money supply faster than he would like. In the past few weeks, in fact, the Federal Reserve has lent $1 billion to Franklin National, a New York bank that had to omit its dividend because...
...Vatican's often draconian justice. It was said of the Papal States' public executioner, Mastro Titta, that he could crush bones with his bare hands. Today, however, the defendants are probably lucky that they were not turned over to Roman civil authorities. They were released on bail, which is rarely allowed by Italian courts. Also, they are getting a speedy trial, which is even more unusual in the litigation-swamped Italian system. On top of that, the Vatican's prosecutor, Leopoldo Jacobelli, last week rose in court to ask the judges for clemency, partly because the thieves...
...eleven-month stay in a Swiss prison following the collapse of his Investors Overseas Services empire has hardly crimped Bernie Cornfeld's style. Now free on $1.6 million bail, the one time booster of mutual funds was enjoying the good life last week in his 40-room Beverly Hills mansion. On hand to speed his rehabilitation, and help him forget the $122.5 million in lawsuits that he faces, were a covey of admiring roommates. "I have 22 bedrooms, and 19 of them are occupied," said Cornfeld proudly. "Women give life sparkle and keep things from getting drab." Then, turning...
...bail out the domestic fleet, Senator Warren Magnuson of Washington and Congressman Gerry Studds of Massachusetts have co-authored a bill that would extend U.S. fishing waters from the present twelve miles to 200 miles. But, fearing that foreign nations would reciprocate with 200-mile limits of their own, the State and Defense departments as well as some U.S. tuna fishermen on the West Coast and shrimpers on the Gulf Coast oppose the bill, and so it is not expected to pass. New England fishermen stand a better chance of getting help from the U.N.-sponsored...