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...cramped and crowded Dallas courtroom last week, Federal District Judge Harold Barefoot Sanders Jr. listened patiently as volleys of charges and countercharges flew between lawyers for the Placid Oil Co. and its creditor banks. On the surface, the squabble over corporate bankruptcy seemed mundane. In fact, the rancorous debate was anything but routine. For Placid is not just any oil company. It is the crown jewel of the financial empire built by the legendary Texan H.L. Hunt and ruled today by his beleaguered sons and heirs. Behind the legal posturing was nothing less than a desperate struggle to save...

Author: /time Magazine | Title: Down to Their Last Billion? | 9/15/1986 | See Source »

...what could be a serious blow to the Hunt clan, the craggy-faced Barefoot Sanders ruled that Placid must shift its petition for bankruptcy relief from a New Orleans court to Dallas. The banks wanted the case to be heard in Dallas, in Sanders' jurisdiction, but the Hunts hoped to avoid the judge. Sanders, a liberal Democrat who ran unsuccessfully for the U.S. Senate, has never been friendly with the conservative Republican Hunts. The Hunts may fear that having Sanders on the case could hurt their chances of holding on to what is left of their dwindling assets, which have...

Author: /time Magazine | Title: Down to Their Last Billion? | 9/15/1986 | See Source »

...Hunts will appeal Sanders' ruling, and they immediately demanded that the judge be disqualified from hearing their case. Their court petition argued that "one cannot be blind to the background of long-standing philosophical and political differences between the honorable Barefoot Sanders and . . . members of the Hunt family." But Sanders refused to remove himself from the case...

Author: /time Magazine | Title: Down to Their Last Billion? | 9/15/1986 | See Source »

Graham had directed his people to seek out "the unknown young preachers, the barefoot preachers, who go from village to village, preaching and teaching." The widespread search was remarkably successful. Most of those who arrived in Amsterdam were clad in Western-style suits and sport shirts, some in tribal costumes, and they sang and spoke in a Babel of tongues. (Plenary meetings were simultaneously translated into 14 languages...

Author: /time Magazine | Title: Religion: Summons to the Unknowns | 7/28/1986 | See Source »

...store, ready to be conned into spending all his allowance on speakers. Ken easily convinces him that bigger is better, and introduces him to the eight-foot Dominator speaker. The kid practically drools, violently playing air-guitar, ready to fork over his grandmother, when in walks his girlfriend, 17, barefoot and pregnant. Stricken with remorse, Ken turns down the heavy metal that throbs from the Dominator, and shows the underpriveleged couple a smaller model...

Author: By Maia E. Harris, | Title: Spineless People | 7/3/1986 | See Source »

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