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...messages keep coming at Ronald Reagan, from friends, senior leaders of both parties, veteran public officials belatedly summoned to provide outside counsel, even his wife. Their essence can be put in one word: act. Fire Chief of Staff Donald Regan or CIA Director William Casey, or both, as proof that the Administration intends to make a fresh start. Call the key figures in the Iran arms-contra funds scandal, Oliver North and John Poindexter, into the Oval Office and demand from them an accounting of their activities. But above all, do something. Don't just wait for inquisitive journalists, congressional...

Author: /time Magazine | Title: What He Needs to Know | 12/22/1986 | See Source »

...York Businessman Roy Furmark, a consultant to Saudi Billionaire Adnan Khashoggi, described a financial mystery in an interview with TIME. His story: Khashoggi lined up $25 million in bridge financing for U.S. sales of arms to Iran this year. Toronto Investors Donald Fraser and Ernest Miller, together with some Middle Eastern and European investors, routed the $25 million via Khashoggi into the Swiss account of Lake Resources, Inc. -- $10 million in February and $15 million in May. Why Lake Resources? Says Furmark: "Mr. Khashoggi said Mr. Nir of the Israeli government told him that Lake Resources was the account...

Author: /time Magazine | Title: What He Needs to Know | 12/22/1986 | See Source »

...pivotal meeting with Reagan, Secretary of State George Shultz, Chief of Staff Donald Regan, NSC Assistant John Poindexter and the CIA's John McMahon, McFarlane says the Israelis want U.S. approval to ship arms to Iran...

Author: /time Magazine | Title: The Iranscam Trail | 12/22/1986 | See Source »

...stunning move, the long-complaisant S.M.U. faculty, through its senate, called for an end to athletic subsidies. "Football has become out of balance with the university's prime mission," said Economics Professor J. Carter Murphy. "The college is running a big entertainment industry." Two days later S.M.U. President L. Donald Shields took early retirement, citing a diabetes condition...

Author: /time Magazine | Title: Education: Revolt in a Football Palace | 12/22/1986 | See Source »

...York Times and Daily News reported yesterday that Tampa Police Chief Donald Newberger met Wednesday with attorneys for Gooden and Gary Sheffield, one of the others arrested in the incident...

Author: NO WRITER ATTRIBUTED | Title: Gooden, Police Seek Settlement | 12/19/1986 | See Source »

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