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Problems worsened when reports began to leak that the Securities and Exchange Commission was investigating Franklin's dealings with an obscure Swiss bank called Amincor. The Swiss may have helped to arrange two foreign-currency sales for Franklin that resulted in phony profits of $4 million. This buttressed Franklin's shaky finances and enabled it to pay stockholders their dividends. Somewhere in the picture may have been the shadowy Milan-based international financier, Michele Sindona, who bought 22% of Franklin stock in 1972 and now is in mushrooming legal difficulty with the Italian government...

Author: /time Magazine | Title: BANKING: Franklin National Fizzles Out | 10/21/1974 | See Source »

...government embarrassedly ordered the Mutsu to make repairs at sea. Technicians first smeared a paste of rice and boron (an element that absorbs neutrons) over the shields without success. Next polyethylene shields were dispatched from shore that should stop the leak. Meantime, the fishermen vowed to form a barricade of boats to bar the freighter from its home port. Other Japanese cities are no more anxious to receive it. At week's end critics were saying that the Mutsu should become the world's first nuclear Flying Dutchman, condemned to sail ceaselessly without ever putting in to land...

Author: /time Magazine | Title: JAPAN: Nuclear Dutchman? | 9/16/1974 | See Source »

...President Nixon's first Secretary of the Interior. That turned out to be a mistake because Nixon fired him less than a year later. Hickel made the observation, which then seemed presumptuous, that Nixon had cut himself off from the outside world; worse, he allowed that view to leak out to the public. In his current bid for a second term as Alaska's Governor, Hickel, 55, used his dismissal as a point in his favor, but it was not enough to win him victory...

Author: /time Magazine | Title: The Nation: Hickel Halted | 9/9/1974 | See Source »

...that once Jaworski got them under the Supreme Court order, they would eventually become public, if only at the cover-up conspiracy trial of six Nixon aides. He knew that the Senate could acquire them for its probable trial of the President, and he feared that their contents might leak out earlier. Release in any of those forms would look involuntary. That would not only destroy Nixon but it could ruin St. Clair professionally, since he could be accused of having withheld evidence and argued falsely in Nixon's behalf...

Author: /time Magazine | Title: THE LAST WEEK: THE UNMAKING OF THE PRESIDENT | 8/19/1974 | See Source »

...about the SALT talks then going on with the Soviet Union. That leak, said the President, "does affect the national security?this particular one. This isn't like the Pentagon papers...

Author: /time Magazine | Title: The Nation: More Evidence: Huge Case for Judgment | 7/29/1974 | See Source »

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