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...seemed to be new hope. Negotiations focused on technical financial questions of returning frozen Iranian assets, canceling U.S. claims against Iran and disposition of the late Shah's wealth-if it can be found -that should be solvable. But Iran's high-handed demand that the U.S. deposit $24 billion in Algeria raised anew the question of whether the often irrational and always faction-torn Tehran government can summon the political will to free the captives. After so many disappointments, few Americans will believe that it can until all the hostages are actually on a plane that...

Author: /time Magazine | Title: Dominating American Thought and Policy | 1/5/1981 | See Source »

...That the U.S. make a "guaranteed deposit" in the Algerian Central Bank. Then, said the Iranians, "whatever amount of the Shah's wealth is cleared up we will take from that deposit." The Iranians also spoke of "procedures" to locate and secure the Shah's estate...

Author: /time Magazine | Title: HOSTAGES: A Somber Holiday Vigil | 12/29/1980 | See Source »

...That the U.S. also deposit the "gold and confiscated wealth" of Iran (a reference to the $13 billion in Iranian assets now frozen in U.S. banks) with the Algerian bank...

Author: /time Magazine | Title: HOSTAGES: A Somber Holiday Vigil | 12/29/1980 | See Source »

...could - and did - drug Sue Ellen (Lin da Gray) and steal her gun, proceed to the Ewing Oil Building, shoot that triple-timing cad in the gut, deposit the unconscious Sue Ellen at an airport parking lot, and later plant the gun in J.R.'s bedroom closet, thus implicating Sue Ellen. Confronted with her guilt, Kristin announced she was pregnant with J.R.'s child, and dared him to put her in jail, leaving her ex-lover in a quandary and the TV audience wondering what sort of offspring these vipers could produce...

Author: /time Magazine | Title: Show Business: Now It Can Be Told: Shedunit | 12/1/1980 | See Source »

There is now some dispute over exactly how much in Iranian funds is frozen. Treasury Department officials, who are charged with keeping score, concede that the tally may now be closer to $11 billion than $8 billion. The 1.6 million oz. of Iranian gold on deposit at the Federal Reserve Bank of New York, for example, was valued at about $600 million in November 1979, but it is now worth more than $1 billion because of higher gold prices. Meanwhile, interest has been accruing on the $5 billion worth of Iranian deposits in U.S. banks...

Author: /time Magazine | Title: Business: An $8 Billion Dilemma | 11/10/1980 | See Source »

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