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This newest in a long string of British spy scandals came to light with the announcement that Geoffrey Arthur Prime, 44, a former employee of GCHQ, had been arrested and charged with violating Section 1 of Britain's Official Secrets Act. Officials would give no details of the accusations against Prime, but that section of the act deals with, among other things, the passing on of secret codes or documents to a potential enemy. A Russian-language specialist, Prime had worked at GCHQ from 1968 to 1977. He then left voluntarily and subsequently held jobs as a taxi driver...

Author: /time Magazine | Title: Bad Days at Cheltenham | 8/2/1982 | See Source »

...Attorney Joseph Russoniello denied that the string of prosecutions represents a crackdown specifically against Japanese companies. Russoniello acknowledged, however, that he expects the cases to act as warnings to foreign firms everywhere. Said he: "It's fairly safe to say that a signal is being sent out by the Administration to all persons who do business with the United States that there are rules, and that failure to comply with the rules and to obey American laws may result in prosecution...

Author: /time Magazine | Title: Padded Prices | 8/2/1982 | See Source »

...corporation, which earned $1.8 billion during the same period last year, there were no celebrations. In fact, the plunge in profits has forcecd Exxon to conserve cash by slashing its work force, cutting back on advertising and reducing executive perks. Hurt by sluggish demand for petroleum products and a string of troublesome investments, Exxon is preparing for a bout of hard times...

Author: /time Magazine | Title: Tough Times for the Exxon Tiger | 8/2/1982 | See Source »

Jordan's resignation is only the latest in a string of departures that have been going on since early last winter. First to depart was Myer Rashish, Under Secretary of State for Economic Affairs. Long an irritant to right-wing conservatives because of his liberal views on international trade matters, Rashish resigned following a series of personality clashes with Secretary of State Alexander Haig...

Author: /time Magazine | Title: Reagan's Vanishing Advisers | 7/26/1982 | See Source »

...recounting of the embezzlement scandal. But Author David McCintick, a former Wall Street Journal reporter, does not think his book had much to do with Begelman's latest downfall. "There is only one law of the Hollywood jungle," says McClintick, "and it is box office. Begelman made a string of flop motion pictures." And that is that, until, as many expect, some new company produces The Return of Begelman...

Author: /time Magazine | Title: People: Jul. 26, 1982 | 7/26/1982 | See Source »

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