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Word: generality (lookup in dictionary) (lookup stats)
Dates: during 1980-1989
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Dealing with the postal crunch will be a formidable job for Anthony Frank, 56, who became Postmaster General this month. He replaced Preston Tisch, who returned to the management of Loews Corp. Frank, a former chairman of San Francisco's First Nationwide Financial Corp., has already jumped to the defense of the Postal Service, pointing out that the "magnitude of the task is just beyond belief." As for the higher rates, even critics concede that U.S. postal service is cheap compared with that of other countries. Mailing a letter in West Germany, for example, costs 48 cents, while the price...

Author: /time Magazine | Title: Charging More and Delivering Less | 3/28/1988 | See Source »

Postmaster General Frank opposes any move to end the Postal Service's monopoly on first-class and third-class mail. Private firms, he argues, are no substitute for a universal postal service, since they tend to skim the cream off the market, serving well-to-do customers in urban areas but ignoring people in thinly populated regions. Frank admits that the Postal Service could do a better job. One way to help it do so, he says, is increased capital spending to expand facilities and modernize antiquated equipment. If Congress makes that investment possible, Frank is convinced, postal workers...

Author: /time Magazine | Title: Charging More and Delivering Less | 3/28/1988 | See Source »

...targets were Ronald Reagan's former National Security Adviser John Poindexter; fired NSC Aide Oliver North; and two arms dealers, former Air Force Major General Richard Secord and Iranian-born Businessman Albert Hakim. They were charged with conspiring to defraud the U.S. by establishing and concealing a plan for illegally supporting the Nicaraguan contras. The federal grand jury also charged all four defendants with theft of Government property for siphoning off more than $17 million in proceeds from U.S. arms sales to Iran, and with wire fraud resulting from the movement of the money through Swiss bank accounts. The three...

Author: /time Magazine | Title: Conspiracy, Fraud, Theft and Cover-Up: Iranscam Indictment by Walsh | 3/28/1988 | See Source »

...addition, Poindexter and North were accused of trying to cover up their illicit actions by destroying and removing documents and making false statements. North was charged with lying to Attorney General Edwin Meese about NSC involvement in the diversion of funds to the contras and writing misleading letters to Congress denying that the NSC was supporting the contras. Former National Security Adviser Robert McFarlane pleaded guilty two weeks ago to misdemeanor charges for signing the letters; he may testify against North. Poindexter was accused of a peculiarly high-tech cover-up: he purged his NSC computer files of all messages...

Author: /time Magazine | Title: Conspiracy, Fraud, Theft and Cover-Up: Iranscam Indictment by Walsh | 3/28/1988 | See Source »

...defendants have their way, the Iran-contra case will never come to trial. Defense attorneys will try to undermine Walsh's investigation from two angles. In January a federal appeals court ruled that the law authorizing independent counsels is unconstitutional. Walsh is protected by a backup appointment from Attorney General Edwin Meese. But the three months' worth of evidence that Walsh gathered before Meese's appointment could be ruled inadmissible if the Supreme Court strikes down the independent-counsel...

Author: /time Magazine | Title: Conspiracy, Fraud, Theft and Cover-Up: Iranscam Indictment by Walsh | 3/28/1988 | See Source »

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