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Bell took the threat seriously. He told Williams that if Helms would plead nolo contendere (no contest)-in reality an admission of guilt-to the misdemeanors, the Justice Department would support Helms' insistence that his accumulated federal pension rights be protected, and would recommend that he not be imprisoned. This bargain was intended to ensure that no national secrets would be endangered at a trial. At the same time, it would demonstrate that the Carter Administration is in accord with Congress that even CIA chiefs are accountable to both the public...

Author: /time Magazine | Title: The Nation: Helms Makes a Deal | 11/14/1977 | See Source »

...senior vice president Edward J. Gerrity--still awaits action by Justice, and a complete account by Helms as government witness rather than defendant might yet salvage a bit of legitimacy for the leniency recently shown him. Given the suspended sentence meted out to Helms and his retention of pension rights despite his no contest plea, such cooperation with the government would furnish some limited evidence that Helms indeed recognizes the gravity of his misdeeds. Otherwise, the nation will be left with one lingering image of Richard Helms, that of a jaunty one-time Nixon hatchet man who views his nolo...

Author: NO WRITER ATTRIBUTED | Title: Justice Miscarried | 11/8/1977 | See Source »

Most of the Bethlehem losses stemmed from $750 million in pretax charges caused by the company's moves to cut production capacity by 10%. Most important: a $483 million write-off to cover pension and benefit payments to 12,000 workers put out of jobs...

Author: /time Magazine | Title: Business: Worst Three Month Loss Ever | 11/7/1977 | See Source »

...Denis Healey, the Labor government's stern Chancellor of the Exchequer and previously a champion of austerity. Presenting his second minibudget of the year to a tune of increasing optimism over North Sea oil, Healey abandoned his Scrooge-like posture to unwrap a package of tax cuts and state-pension increases worth $1.75 billion this fiscal year (which ends next March) and $3.5 billion in the following fiscal year. Under the proposals, a married couple earning $8,750 a year will pay $95 less income tax; Britons will be allowed to spend more pounds abroad; widows and pensioners will...

Author: /time Magazine | Title: Business: Early Christmas | 11/7/1977 | See Source »

...much is that divine Dufy?" queries a lady sipping white wine slowly from a clear plastic cup. The painting in question is Raoul Dufy's "Le Palmier, Pension Sevigne" and the price high in the thousands. There are half-laughs in the lady's party, and they move on to "a more affordable fantasy," a $2,700 Binet. As you walk away toward Copley Square, the gallery looks like a three dimensional version of one of its pictures. There is the same dichotomy between the warm, brightly lit, glass-walled room and you (heading in the falling-dark...

Author: By Diana R. Laing, | Title: After First Impressions... | 11/3/1977 | See Source »

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