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...weapons at a price that included a markup as high as 250%, or $42 million. The Israelis in turn, Meese said, paid back to the CIA the "exact amount" owed to the U.S. Government for the weapons plus the cost of transportation, an estimated $12 million. The CIA then repaid the Pentagon. According to Meese, the profits from the deal -- that is, the difference between the cost owed to the U.S. and the price charged by the Israelis, which is anywhere between $10 million and $30 million -- were deposited into numbered Swiss bank accounts that were "under the control...

Author: /time Magazine | Title: From Many Strands, a Tangled Web | 12/8/1986 | See Source »

Meese's loyalty has been repaid. When trouble developed in Reagan's 1980 campaign organization, Campaign Manager John Sears tried to have Meese ousted from Reagan's team of advisers. Reagan would not stand for it, and Sears himself was dumped. After being nominated for Attorney General, Meese faced harsh congressional questions regarding his personal finances. Despite calls to withdraw the nomination, Reagan stuck by his old friend. Now, with serious cracks appearing in his Administration, Reagan has turned once again to his all-purpose...

Author: /time Magazine | Title: The Return of Mr. Fix-It | 12/8/1986 | See Source »

...report was stark and startling. The U.S. had provided $12 million in weapons and spare parts to Israeli representatives. They then resold the arms to Iran for a much higher price, and the money was paid into Swiss bank accounts. The CIA received the original $12 million and repaid it to the Pentagon. But anywhere from $10 million to $30 million went into numbered accounts that Meese said were "under the control of representatives" of the contras. Presumably, the money was used to purchase weapons that the rebels need to wage their guerrilla war against the Marxist Sandinista government...

Author: /time Magazine | Title: Who Was Betrayed? | 12/8/1986 | See Source »

...loans to local buyers. GM, for example, plans to underwrite the sale of its $176 million in assets in South Africa to its own local executives and lend the new management an additional $44 million to wipe out the company's current indebtedness. These loans, which will be repaid from profits in future years, may be considered "new investments" in South Africa under the U.S. sanctions law and therefore illegal after Nov. 16, when the law goes into effect. Some other American firms will probably scramble to announce selling plans before that cutoff date...

Author: /time Magazine | Title: South Africa Pullout Parade | 11/3/1986 | See Source »

...mistaken the tramp for a rich man. Nothing seems to work. The scene is finally completed, but Chaplin returns to it months later with one more idea: a limousine door slams shut, and the girl assumes the tramp is its owner. At last, the sequence works; perfectionism is repaid. So is the scholarship and dedication of Brownlow and Gill. Unknown Chaplin is that rarity, a masterpiece about a master...

Author: /time Magazine | Title: Video: Creativity's Season in the Sun | 7/28/1986 | See Source »

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