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...really up to. Public officials are often just as eager to feed the press their side of things, either to promote a pet project or ensure their place in history. Indeed, Stockman had granted similar briefings to several other journalists. One danger in these arrangements is that reporters might repay such helpful sources with flattering coverage. Another is that journalists might find themselves reporting public statements that are at odds with what they have been told in private...

Author: /time Magazine | Title: Press: Hoist by His Own Quotes | 11/23/1981 | See Source »

Laker's immediate problems are financial, and they have been sharpened by the yearlong rise of the dollar and the fall of British sterling on the world's money markets. For months, Laker has been seeking extra time to repay loans he took out to buy DC 10s and European-made Airbus A300s for his fleet. Included in the debts are $160 million in direct and guaranteed loans from the Export-Import Bank, and $131 million borrowed last January from a syndicate of 14 European and North American banks. His reason for seeking the extension: to avoid having...

Author: /time Magazine | Title: Laker's Lament | 11/2/1981 | See Source »

...doctor," says Alan Petrillo of the New York State Bar Association. "If I go to see a specialist, I expect to pay more." Adds Grutman: "The pressures are colossal. I say to my clients that I give them slices of my life for which they can never repay...

Author: /time Magazine | Title: Law: Fat Fees | 7/27/1981 | See Source »

...intelligence, as F. Scott Fitzgerald said, is the capacity to entertain two contradictory propositions in one's mind simultaneously without going crazy. The Viet Nam era had its psychotic moments. It may be a sign of American mental health, and intelligence, that the nation is ready to try to repay its complicated debt to the men and women who left their youth in Viet Nam, doing what their country asked them to do. Those who went to Viet Nam (whether they were volunteers, or draftees dragged there kicking and screaming) suffered through a violent complexity. It may have been meaningless...

Author: /time Magazine | Title: The Forgotten Warriors | 7/13/1981 | See Source »

...remaining Iranian assets that were unfrozen, nearly $8 billion was originally delivered to an escrow account in the Bank of England pending release of the hostages. Shortly after the 52 returned home, Iran used part of the money to repay about $3.7 billion in syndicated international loans. Another $1.4 billion went into a second escrow fund to liquidate loans from individual banks. Thus Iran has directly received only about $2.87 billion so far-a paltry sum compared with the $24 billion "ransom" that Tehran's revolutionary regime had originally demanded. In addition, some $2.3 billion in Iranian assets remains...

Author: /time Magazine | Title: Diplomacy: Opening Gambit | 6/1/1981 | See Source »

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