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WASHINGTON, D.C.: The GOP is scrambling to return $102,400 in donations, prompted by a TIME report that $122,000 in soft money contributions to the Republican National Committee may have come directly from a Hong Kong real estate and aircraft brokerage. Until Thursday, the party had said there was "nothing in our records" to show that the money came from foreign sources rather than Young Brothers Development-USA, the company's Florida-based subsidiary. In a statement, R.N.C. Chairman Jim Nicholson said RNC lawyers did not verify the source of the money until late Wednesday. "Upon learning those facts...

Author: /time Magazine | Title: The GOP's Foreign Money Problem | 5/8/1997 | See Source »

...with Ronald Reagan hanging on his office wall. Young served as the Asian agent for several aviation companies, including Pratt & Whitney and, more informally, British Aerospace. Over the years he has had a financial interest in preserving American trade links to China, the world's largest customer of commercial aircraft, and in maintaining a militarily strong Taiwan. In 1992 Taiwan bought 150 F-16s, all powered by Pratt & Whitney engines...

Author: /time Magazine | Title: THE G.O.P.'S OWN CHINA CONNECTION | 5/5/1997 | See Source »

...Pentagon has some answering to do about its attempts to help American defense contractors sell their aircraft to Latin American countries [WORLD, April 14]. Given the obvious fragility of the region, Latin America is the last place the U.S. should peddle its arms. People gape with horror when the Russians market high-tech warplanes to nations in troubled regions, yet few protest when America sells equally deadly technology. I hope the Defense Department will gape with the same horror if, in combat with an unstable Latin American nation, American planes encounter aircraft that are equally deadly (and American made). BRETT...

Author: /time Magazine | Title: Letters: May 5, 1997 | 5/5/1997 | See Source »

...sale to China, was diverted by a Chinese company to build missiles and fighter planes. If true, the news could be especially embarrassing to the Administration, which approved the deal in 1994 over Pentagon objections. The Pentagon argued that the heavy machine equipment, used to shape and bend large aircraft parts, could also be used to boost Chinese arms capability. Apparently, they were right: Recently released satellite photos show that even while the sale was being negotiated, the Chinese government was building a plant to house the equipment at the Nanchang Aircraft Company, a military contractor. In the end, economic...

Author: /time Magazine | Title: Seller Beware | 4/23/1997 | See Source »

...York Mountain, a rugged, 12,467-ft. peak in the central Rockies where several eyewitnesses reported seeing fires and smoke and hearing a loud explosion on April 2. Since then, though, several fresh feet of snow have been dumped on the already remote and snowy area, and search aircraft have been mostly grounded by bad weather. But even if the jet is found, some vital information will be missing: the A-10 carries no black box. Investigators may never learn why Captain Button did not radio for help--or why he veered off in the first place...

Author: /time Magazine | Title: DESTINATION UNKNOWN | 4/21/1997 | See Source »

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