Word: swap
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Dates: during 1970-1979
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...secret of what could be a multibillion-dollar deal was out. Executives at three major U.S. defense contractors-General Dynamics, Boeing and Northrop-reluctantly confirmed that such a swap is indeed under consideration. TIME has learned that the initial overtures to the companies were made in letters from General Hassan Toufanian, Iran's Vice Minister of War, after the barter proposal had been cleared by the U.S. departments of Defense, State and Treasury. The military equipment that would be bartered includes General Dynamics' F-16 fighters, McDonnell Douglas/Northrop's F-18s and Boeing's electronics-jammed...
...Hill is at least 15 strong. One of the prominent members is Yuri Barsakov, whose coyer is the Izvestia News Agency. Says a Senate aide: "Barsakov is right out of central casting. He's a heavy guy with bushy eyebrows. He offers tips on Soviet affairs, hoping to swap that dope for information." Another well-known operator is Igor Bubnov, an embassy counselor, who is described by a Senate staffer as "impossible-pompous and arrogant" and given to delivering long harangues in defense of his country. Other members of the Soviet squad: Anatoly I. Davydov, second secretary...
...weekend shopping, country strolling or office wear, how about Ralph Lauren's tan cotton-madras pleated pants, known as the "Fred Astaire look" ($76), with matching unlined blazer ($170). For variety, swap the pants of this fresh crisp outfit for Calvin Klein's buff poplin elastic-waist fly-front trouser skirt ($63). For work or casual lunches, either variation of the ensemble can be worn with Klein's buff T shirt, which is cotton knit, with a crew neck and long sleeves ($11.50), or Lauren's tan knit T shirt with roll sleeves and crew neck...
...Spain's leading magazines, fingered seven CIA agents in the American embassy in Madrid. Washington fears that CIA operatives in West Germany will be uncovered next. It has reached the point, a U.S. diplomat at the Paris Embassy sarcastically suggests, where the CIA and the U.S. Information Service swap offices, since "it's the CIA that seems to be generating all the publicity nowadays...
...legislature. Private holders of $1.6 billion in short-term city securities will be asked to exchange them for long-term bonds issued by the Municipal Assistance Corp.; the bonds will pay 8% to 9% interest and mature in ten to 15 years. Noteholders who refuse to make the swap will not be able to redeem their present securities until June 30, 1978; they will continue to draw interest but at a reduced rate...