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Last week Avis' status was cloudier than ever. Originally the trouble began because ITT failed to move fast enough to sell its stock; by 1974 it still held about half of the total. At the request of the Justice Department, a court then named a trustee, a New York lawyer named Richard Joyce Smith, and charged him with the responsibility of selling off the rest of the Avis stock. Smith, now 73, began to sound as attached to the stock as his predecessors; for a time he refused to sell any shares, arguing that the price...

Author: /time Magazine | Title: ANTITRUST: Fighting for the Wheel | 6/6/1977 | See Source »

...clouds became cloudier: who was Marut? All that can be ascertained is that from 1917 to 1920 he published the inflammatory journal Der Ziegel-brenner (The Brickmaker), which raged against all human institutions. Because Marut seemed unaccountably free from wartime censorship, and because he managed to escape before being shot for his revolutionary activities, the rumor arose that he was protected by the German regime. Decades later in Mexico, Marut-Torsvan-Croves-Traven seems to have hinted mischievously that he was the illegitimate son of Kaiser Wilhelm and an American actress. What is so absurd about this roguish fancy...

Author: /time Magazine | Title: Books: End of the Chase | 4/11/1977 | See Source »

...outlook is cloudier in Michigan. A nearly unanimous board of directors of Pontiac's Community National Bank is working hard to thwart a tender offer by Ahmad C. Sarakbi, 45, for 50.1% of the bank's shares. A wealthy Lebanese oil broker, Sarakbi is supported by a former chairman of the bank who deplores its present management policies, and a lone director who has been feuding with his colleagues. Sarakbi insists he is acting completely on his own, but Community National directors worry that he could be acting for larger non-government Middle East oil interests looking...

Author: /time Magazine | Title: INVESTMENT: A Local Arab Banker? | 2/3/1975 | See Source »

...pretty good one, in fact. But the book in the President's hand, the second annual report of the Council on Environmental Quality, presented a somewhat cloudier picture of the present state of the ecology, while pointing out a few bright spots. Some of the highlights...

Author: /time Magazine | Title: Environment: State of the Ecology | 8/16/1971 | See Source »

When 16 Black Panthers go on trial in Manhattan this week, the official charges will include conspiracy to bomb subways and department stores. Yet a de facto trial has already occurred on far cloudier issues. The case is a classic example of how official disregard for procedural rights creates a "political" trial in which truth is the first victim...

Author: /time Magazine | Title: The Law: When Is Bail Excessive? | 2/9/1970 | See Source »

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