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...that their two children will not be deprived of both parents at one time. Suskind, who helped with the research on the bogus manuscript, got six months in a state court. The trio has returned none of the money paid to them by McGraw-Hill, and are obligated to repay the $766,000, which includes expenses, that the company says is owed them. In addition, each of the Irvings was fined $10,000. Presumably Irving still intends to pay for his folly by writing a book about how the threesome did their nonbook. Thirty months should be plenty of time...

Author: /time Magazine | Title: The Nation: Hoax's End | 6/26/1972 | See Source »

...often invoked in U.S. law, it may be making a comeback. This summer, a pilot Restitution House in the Minneapolis area plans to take in 25 prisoner volunteers -check forgers, burglars and the like -whose crimes involved only property. They will be employed in the community and repay their victims out of their earnings. The program excludes any prisoners convicted of violent crimes...

Author: /time Magazine | Title: The Law: Should a Murderer Pay? | 5/8/1972 | See Source »

...poured abroad in past years to invest in European companies, to finance the Viet Nam War and to extend foreign aid. Since the U.S. stopped selling gold for dollars last August, the banks cannot do much more than sit on their inconvertible dollars. They cannot be used to repay loans from the International Monetary Fund, such as a $1 billion British debt that falls due in June, because the IMF is stuffed with almost as many dollars as it can legally hold. Nor can they be readily sold for other currencies, since hardly anyone wants to buy dollars...

Author: /time Magazine | Title: THE DOLLAR: At Last, A Hint of Reform | 3/27/1972 | See Source »

...uncharacteristically declared himself "optimistic" about Washington's current line. Maintaining that feeling of momentum through the difficult reform negotiations ahead will be a constant problem, and more gestures of U.S. concern will undoubtedly be needed. One of the first should be some concrete move to help the British repay their IMF loan. The U.S. could do so by borrowing foreign currencies from the IMF and selling them to London in return for some of the dollars that no one wants...

Author: /time Magazine | Title: THE DOLLAR: At Last, A Hint of Reform | 3/27/1972 | See Source »

...this incessant fuzzy melange of little segments of things, and I think it must breed in you a different set of expectations, of notions of what people should be doing. I see nothing wrong with trying to sit in a room and turn out stuff that will repay re-reading. It makes something kind of solid, or at least in its own terms hard to improve. I'm not sure I do it but that's the effort...

Author: By Michael Sragow, | Title: Updike Redux | 3/22/1972 | See Source »

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