Word: berte
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...Bert's Budget...
...unrealistic ethical constraints we impose on our leaders in Washington are crippling their effectiveness. Of equal concern, however, is the almost ludicrous scene in which Bert Lance [July 25] is charged with directing our country's budget while apparently unable to manage his personal budget. Which of his four houses does he consider his castle...
...Bert Lance was summoned last week for what was supposed to be an unpublicized interrogation by Comptroller of the Currency John Heimann, who is investigating loans the budget director has received. After the hour-long session, Lance hastily called a press conference to reveal-and rebut-new questions Heimann had raised about a $2.6 million loan to Lance by New York's Manufacturers Hanover Trust in April 1975, soon after he became president of the National Bank of Georgia. The big question is whether Lance got the credit as an improper quid pro quo for having his NBG place...
...pilot. Just two weeks before that, another pilot was killed when his plane dove into the Atlantic off the North Carolina coast after having performed its feat of hummingbird derring-do from the carrier Saratoga for an audience that included Navy Secretary W. Graham Claytor and Budget Director Bert Lance. Financial losses on the Hawk-er-Siddeley planes, which now cost $3.4 million each, so far have totaled $60 million...
...Henry Woodbridge of Pomfret, Conn., insisted that they conceived their plan to buy into a bank before they learned of Lance's problems. But Smith told TIME he had another purpose as well: "I wanted to contribute my little part to knocking out the hassle within the Government. Bert hadn't done anything wrong...