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Federal prosecutors charge that Estes was also involved in eight or ten other deals. But after negotiations with Estes and his lawyers, the Justice Department decided to let him plead guilty to a single count of conspiracy to defraud the Government, a blanket charge covering tax evasion and mail and wire fraud. He faces a $5,000 fine and up to five years in jail. Yet, through the same sort of sharp bargaining that made him his fortune, Estes is expected to be sent back to prison for only a couple of years at most...

Author: /time Magazine | Title: Nation: Steam Cleaning | 10/30/1978 | See Source »

...Western visitors. Kweilin's three-year-old, 300-room Li River hostelry is about average. The rooms are furnished in Grand Rapids style. The beds have pallets, but no springs, no Western-style mattresses, no top sheets; maid service consists of dumping a clean sheet and a blanket on the bed, to be made up by the guest. There is a plentiful supply of mineral water, beer, soft drinks and cigarettes, and a thermos of hot water and a package of tea leaves. There are also small red ants in the bed, but they are not predatory. The Kweil...

Author: /time Magazine | Title: Special Report: China Says: Ni hao! | 10/23/1978 | See Source »

Pettine said he ordered the release of the information since it was unavailable from any other source. Courts should prefer the release of information, with confidential sections deleted, to issuing a blanket denial, he said...

Author: NO WRITER ATTRIBUTED | Title: Judge Orders Release of Transcripts | 10/6/1978 | See Source »

...public. For this reason he is not expected to ask other Arab states to brandish the "oil weapon," unless it could be directed solely against Israel without affecting the U.S. Similarly, he may be hesitant about putting Washington on the spot at the U.N. by demanding a blanket condemnation of Israel's occupation of the West Bank and Gaza Strip. Such a move could create a painful dilemma for Carter. A U.S. veto would enrage much of the world, including the Saudis, on whom the Administration relies to temper oil price hikes and support the dollar on international markets...

Author: /time Magazine | Title: Nation: The Sealed-Lips Summit | 9/18/1978 | See Source »

...National deal, at least two other mergers are in the talking stages, Continental with Western and North Central with Southern. In interviews with TIME Correspondent Jerry Hannifin, Kahn said he would take a dim view of mergers that seem to amount to a search for "a security blanket." Potential merger partners, he added, would bear a "heavy burden" of proof that their union would not reduce competition...

Author: /time Magazine | Title: Business: A Whale of a Deal in the Air | 9/4/1978 | See Source »

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