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With little to gain and enormous sums to lose by pressing for their money, Continental's creditors are again ignoring the deadline and some are negotiating new terms-such as deferring interest payments for three years. There is ample precedent: Chase Manhattan Mortgage & Realty Trust, the biggest of all REITs, sponsored by Chase Manhattan Bank, recently refinanced $761 million in bank loans, and got the interest rate reduced to as little...

Author: /time Magazine | Title: MARKETING: Forgiving Partners | 12/15/1975 | See Source »

...borrowing money. Four state agencies, financed by the dubious "moral obligation" bonds, are in danger of default. If they cannot repay the $1.5 billion they owe over the next three months, they will become another financial drain on the hard-pressed state. To avert default, David Rockefeller, chairman of Chase Manhattan Bank, said federal aid might have to be given to the agencies...

Author: /time Magazine | Title: NEW YORK: Last-Minute Bailout Of a City on the Brink | 12/8/1975 | See Source »

...brains." He gained acclaim during the African colonial wars as a tough and brutal soldier who liked to jump out of helicopters to fight alongside his men in the bush. His political views are something of a mystery. "Some are saying that he just likes to drink beer and chase girls," said one official last week. "But he will have to be considered on many key decisions from now on." In the near future those decisions will most likely be moderate, and at week's end Premier Pinheiro de Azevedo promised that henceforth "the government governs, the workers work...

Author: /time Magazine | Title: PORTUGAL: At Last, the Good Guys Seem to Have Won | 12/8/1975 | See Source »

Nearly three years ago, his marriage broke up, depriving Holmes of two adored sons. Driving through eastern Ohio after leaving them, he started firing a pistol at trucks. Before he was stopped, Holmes shot at a police helicopter and wounded a cop during a chase through woods. "Three trucks tried to drive me off the road," he says. "It was all I needed to snap...

Author: /time Magazine | Title: HALF A TON OF TROUBLE | 12/8/1975 | See Source »

...Orson Welles boasts--if that's the right word--the Boston premiere Friday of Le Secret, a Robert Enrico film with Jean-Louis Trintignant. Not too surprisingly, it's thriller about a Man on the Run (not sure who or what is chasing him) with, get this, a Shock Ending. The reviews, however, have been good. If you don't want to gamble, Hitchcock's The 39 Steps is also at the Orson Welles on Friday and Saturday. One of the better spy flicks made, it stars Robert Donat and Madeline Carroll in a cross-England chase complete with trains...

Author: By Jeff Flanders, | Title: THE SCREEN | 12/4/1975 | See Source »

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