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...Watergate days, the Senators will try to find out why Carter accepted $220,000 from the Libyan government; what, if anything, he did in return for the money; and how he arranged a deal with an American oil company that could have -and still may-net him millions in broker's fees for delivering Libyan crude. The inquiry will also explore National Security Adviser Zbigniew Brzezinski's bizarre use of Billy as a secret intermediary to persuade Libya to pressure Iran into releasing the American hostages held in Tehran. And the hearings will dig for any evidence that...

Author: /time Magazine | Title: The Burden of Billy | 8/4/1980 | See Source »

...Vista home. They talked oil-and big bucks. Charter at the time was getting about 125,000 bbl. of crude a day from Libya. Billy said he thought he could get the company up to an additional 100,000 bbl. If he did so, Carter wondered, what kind of broker's commission would Charter pay? The two men worked out a verbal agreement that was later confirmed in a short "Dear Billy" letter by Nasife. If Billy succeeded in providing 100,000 bbl. per day in the tight oilmarket, Carter would be paid 55? per bbl.-$20 million...

Author: /time Magazine | Title: The Burden of Billy | 8/4/1980 | See Source »

...turning to Billy Carter, Brzezinski greatly strengthened his image among the Libyans as a power broker in Washington. And all of this at a time when Brzezinski knew that the President's brother was under investigation for his failure to register as a Libyan agent...

Author: /time Magazine | Title: The Burden of Billy | 8/4/1980 | See Source »

...make an initial purchase of 100,000 metric tons each of corn and wheat. That, plus an influx of commercial buyers, has pushed farm prices up for almost all commodities. "I don't think you can be bearish on anything," says Howard Fisher, a Chicago Board of Trade broker...

Author: /time Magazine | Title: Business: The Long Dry Summer | 8/4/1980 | See Source »

What would be fulfillment enough for almost any violinist-to be one of the world's leading virtuosos-is for Stern merely a starting point. He is also a tireless advocate of causes, a godfather to young talent, a lobbyist, a fund raiser and a supreme power broker in the music world, albeit a rather puckish, cherubic one. "I've never been able to live in a cocoon," he says. "I have a long buttinsky nose." In Yiddish-one of the six languages he either speaks or understands -the expression is a kochleffl (a stirrer...

Author: /time Magazine | Title: Music: The Tempo at 60: Prestissimo | 7/7/1980 | See Source »

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