Word: bail
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Indonesian President Suharto has only one reason for pegging the Indonesian rupiah to the U.S. dollar, says TIME Business Correspondent Bernard Baumohl: to bail out his relatives and cronies who have been quietly plundering the nation for decades. Suharto will likely set the rupiah-per-dollar rate at around 5,000 -- almost twice its current value, predicts Baumhohl. That gives his friends an opportunity to pay off their dollar debts in overvalued rupiah. "They'll save a fortune," says Baumhohl...
...Student body reacted with surprise and outrage to the arrest of Sophomore Kirkland House resident Joshua M. Elster '00 for the rape and assault of another Harvard student. Elster, who pleaded not guilty, was arrested on Saturday, January 31 and was released on Tuesday on $10,000 cash bail. The Harvard University Police Department inadvertently broke Massachusetts state law by not recording Elster's arrest on its public blotter...
Elster was arraigned Monday in Cambridge District Court on three counts rape and two counts of assault and battery. He was released Tuesday on $10,000 cash bail...
Cambridge District Court released Joshua M. Elster '00 on $10,000 cash bail yesterday afternoon...
Dean of Students Archie C. Epps III said theUniversity is most concerned about Elster'sreturning to campus now that he has been releasedon bail...