Word: bails
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Dates: during 1970-1979
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Southerland was arraigned in U.S. district court in Baltimore and held in lieu of $50,000 bail. That seemed pretty stiff for the formal charges, but Assistant U.S. Attorney Michael E. Marr made the bail stick by convincing a district court last week that Southerland was an "incredibly high bail risk." The reason: federal authorities believe that Southerland is an operative in an international ring that allegedly has been smuggling millions of dollars worth of heroin into the U.S. over the past eight years. The principal modus transportati, investigators contend, is G.I. cadavers...
...Prime Minister Lynden Pindling, which recently negotiated an agreement for full independence from Britain next July, is foundering financially, largely because of a severe drop in tourist revenues. Rumors abound that banks and trust operations, which make up the Bahamas' second largest industry, will be forced to bail out the islands by buying long-term government bonds. Pindling has denied any such plans, but investors are worried because of the atmosphere of heightening black-white tensions, declining real estate values and bad publicity (most recently in the Robert Vesco-IOS case). Says Alan Kimble, deputy manager...
...Allende was more concerned with his reception in Moscow-and with good reason. Only the Russians seemed willing, or able, to extend the financial aid needed to bail out the Chilean economy. As it turned out, Allende got somewhat less than he hoped for. At Moscow's Vnukovo Airport last week he was met by Soviet President Nikolai Podgorny and Premier Aleksei Kosygin, who assured him that "you are not alone in your struggle." In subsequent talks, the Soviet leaders agreed to increase economic aid (currently running at about $20 million a year), but they were not prepared...
Griffin had been held without bail at the Billerica House of Detention since February 4, following his arrest at the Cambridge Courthouse...
...Italy, the Montedison industrial combine is losing hundreds of millions of dollars yearly, and the government will almost certainly have to bail it out by having state agencies increase their investment in the company and by making government loans easily available. Among the reasons for failure: poor internal accounting, which has prevented Montedison from adjusting production fast enough to meet demand, political interference when executives want to close inefficient plants and generally weak management in the past...