Lockheed Payment Scandal Threatens Loan Repayment
The Washington report warns Lockheed Aircraft may not repay federal guaranteed loans by 1978 despite projected profits through 1979. It notes over 20 million in payoffs to foreign officials, impacting overseas sales, with 195 million of 595 million total bank loans federally guaranteed.
MENTIONED IN THIS ARTICLE
Washington
Lockheed Aircraft Corp
U.S
Elmer B. Staats
Congress
Lockheed
Start
A. C. Kotchian
Senate
Emergency Loan Guarantee Board
Staats
Staat
Japan
Holland
Italy
Germany
Kotchian
Netherlands
Turkey
Frank Church
D-Idaho
Payoffs Alleged in Colombia Mexico Linked to Lockheed
The New York Times reports that documents for the panel show Lockheed paid Colombians about $200000 and Mexicans about $112000 in hush money. The surface of revelations hints at broader bribery schemes connected to the defense contractor.
MENTIONED IN THIS ARTICLE
Lockheed
The
New York Times
Bribery Charge Sparks Dutch Furor Over Royal Wealth
The AP reports Prince Bernhard faced a 1.1 million bribery claim tied to Lockheed plane purchases, part of a string of royal scandals since Queen Juliana’s 1948 accession. Despite the furor, Juliana’s fortune and popularity remain substantial as Bernhard denies wrongdoing and pledges to an official inquiry.
MENTIONED IN THIS ARTICLE
Yoshio Kodama
Lockheed
Kenji Osano
Osano
Kodama
Japan
Netherlands
Prince Bernhard
Amsterdam
Bernhard
House of Orange
Juliana
Beatrix
Prince of Orange
Rumsfeld warns cuts risk military inferiority in defense budget
Secretary of Defense Donald Rumsfeld told a House Budget Committee task force that trimming the proposed 114.9 billion dollar Pentagon budget could push the United States toward military inferiority. He noted 33 billion in cuts over five years while Soviet spending rises. Gen. George S. Brown disputed Brookings on BI bomber value, defending missile strategy and naval advantage.
MENTIONED IN THIS ARTICLE
Washington
Donald Rumsfeld
Congress
Pentagon
United States
Rumsfeld
House Budget Committee
U.S
Brock Adams
D-Wash
Europe
George S. Brown
Joint Chiefs of Staff
Brookings Institution
Study Center
Taxpayer Wins Out In Assessment Flap
Albert Pope used the Florida Russian Roulette mechanism at a Seminole County Courthouse auction to contest an eight acre Altamonte Springs property assessment. After a public sale failed to reach his estimated value, the assessment was reduced and Pope claimed victory. The 1975 tax bill stood at $253,330 versus $26,820 the year prior.
MENTIONED IN THIS ARTICLE
Sanford, Fla
Albert Pope
Seminole County
Altamonte Springs
Pope
Florida
Cardinal Suenens Wins Templeton Progress Prize in Religion
Belgium's Cardinal Joseph Suenens, 71, a reformist leader linked with Vatican II and ecumenism, is awarded the $80,000 Templeton Foundation Prize for progress in religion. Foundation lauds his work on church renewal, lay ministry, and ecumenical ties amid age-related controversy.
MENTIONED IN THIS ARTICLE
New York
Joseph Cardinal Suenens
Belgium
Templeton Foundation
Cardinal Suenens
Vatican
Curia
United States
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Multinational Corporations
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W. Gore
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Fort Sill
By Steve Coffey
Royal Dutch Shell Oil Company
Algemene Bank Nederland
Greet Hofmans
Princess Christina
Miss Hofmans
Rasputin
Soestdijk Palace
Irene
Hugo Carlos of
Bourbon-Parma
Rome
Victor Marijnen
Claus von Amsberg
Ford
Brown
Super Steel
J & J Construction Siding Co
Joe Ishmael
J.uiley
6Th & A Ave
Post Office
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Lawton, Ft. Sill Area
FTD
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American Express
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