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...that he and Connally met in an Austin hotel and concocted a cover story. If they were ever questioned about the money, said Jacobsen, they would both maintain that while it had been offered to Connally, he had refused it and Jacobsen had put it in a bank safe-deposit box. To back up this alibi, according to Jacobsen, Connally then handed over a cigar box containing $ 10,000, which was soon stashed in an Austin bank...

Author: /time Magazine | Title: Nation: The Milk Case Revisited | 9/10/1979 | See Source »

Lending some credence to Jacobsen's account were travel and telephone records confirming the dates on which he said he had seen or called Connally. And when the FBI opened the safe-deposit box, it found that some of the bills inside probably had been put into circulation later than May 1971-the date on which they were supposed to have been locked up according to the cover story...

Author: /time Magazine | Title: Nation: The Milk Case Revisited | 9/10/1979 | See Source »

...pick of desk lamps, hair dryers or blenders, but the East New York Savings Bank is showing up the purveyors of discount detritus for the pikers they are. Full-page newspaper ads offered depositors something more than "a tacky little toaster" in return for $160,000 left on deposit for eight years -an $84,000 Rolls-Royce Silver Shadow II. When the Desert Empire Bank of Cathedral City, Calif., tried the same gimmick in 1977 in return for a $ 1 million six-year deposit, it failed to find even one taker, but East New York claims to have...

Author: /time Magazine | Title: Business: Savers Shop for More | 9/10/1979 | See Source »

...critical moment would come when the TEL moved to the end of a ramp and stopped at a shelter entrance. There it could: 1) deposit an MX in the shelter; or 2) remove one; or 3) do neither, but deceptively remain at the entrance for the time it would take to load or unload a missile. To prevent Soviet spy satellites from detecting what was going on, the TEL's actions would be completely shrouded by the "shield vehicle," another truck that straddles the TEL much as a turtle is covered by its shell...

Author: /time Magazine | Title: Nation: Move It or Lose It | 8/20/1979 | See Source »

...painting. It came in all modes, from gaudy airbrush renderings of photorealist motorcycles to inflated history painting, and in all emotional temperatures, from gelid beaux-arts nudes to the expressionist rant of political muralists in East Berlin. Much of it was instant art, and instantly disposable. But a striking deposit of achievement remains, and one of its components is the work of the Israeli painter Avigdor Arikha. A scrub-haired, passionately erudite man of 50, Arikha is best known in Paris, where he lives with his wife Anne, a poet, and his two daughters. Now a show...

Author: /time Magazine | Title: Art: Arikha's Elliptical Intensity | 7/30/1979 | See Source »

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