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Hammerman tried to collect between 3% and 5% of a contract's total value but is described as having been willing to accept "any reasonable sum." He "generally held Mr. Agnew's 50% share in a safe-deposit box until Mr. Agnew called for it." The Governor would do so by telephoning Hammerman to ask how many "papers" his friend was holding. Says the summary: "It was understood between Mr. Agnew and Hammerman that the term 'paper' referred to $1,000 in cash...

Author: /time Magazine | Title: The Nation: The Case Against Agnew | 10/22/1973 | See Source »

Signed Copies. Just when it seemed that some mobility and communication would be restored for reporters in Santiago, the junta introduced censorship. Quickly labeled "file now, die later" by the journalists, the system required reporters to deposit signed copies of all their files with the censor for possible use as "judicial evidence." The punishment for "false" reporting, spokesmen said, might be "the opposite of being thrown out." At the Transradio telex office in Santiago, an amiable military officer serving as censor was so anxious to avoid talk about "revolution" that he cut out references to it in a personal message...

Author: /time Magazine | Title: The Press: File Now, Die Later | 10/1/1973 | See Source »

...second act and comes back for a final conversation after everyone else moves out), and Kenneth McMillan (the fat landlord, who informs the students that their "openness" is going to "save this fucking country" but whose putative benevolence doesn't keep him from keeping their deposit) seem to be best, but this may be just because they have the best parts. John Pasquin directs well, and William F. Matthews' set looks as though Weller's people could inhabit it. The second act has a couple of short dull stretches -- a series of jokes about relevance that don't seem awfully...

Author: By Seth M. Kupferberg, | Title: Chuckles Along the Way | 9/28/1973 | See Source »

...prime has not yet discouraged ravenous loan demand from business. No reason why it should, either: strangely enough, borrowing at a 9½% prime is potentially profitable for some businessmen. Other interest rates have shot up even higher, including those that the bankers themselves must pay to attract deposits. As a result, last week a big corporation could borrow from the bank at the 9½% prime, then lend the same dollars right back to the same bank at a profit by buying a 90-day certificate of deposit (CD) yielding as much as 11%. Because heavy loan demand...

Author: /time Magazine | Title: Business: Indicator of the Week | 9/3/1973 | See Source »

...years, all ceilings on the interest rates that banks and S and Ls can pay to savers. The savings institutions could then pay, even on ordinary passbook accounts, any rate that they thought necessary to attract money. They can do this now only on $100,000 certificates of deposit, or $1,000 CDs running four years or longer...

Author: /time Magazine | Title: Business: A Program for a Banking Free-for-All | 8/13/1973 | See Source »

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