CIA Profits From Front Operations Highlighted by Colby
CIA Director William Colby told the House intelligence committee that two front operations Air America and a CIA pension fund generated profits. Air America is being disposed of while the pension fund continues, with profits turned into the Treasury since 1973. Most proprietaries were unprofitable, Colby said, though a few like Radio Free Europe and Air America were larger. He defined proprietaries as covert commercial entities used to support clandestine work. The pension fund funds sensitive trusts and annuities while remaining secret. Colby noted profits were reported to Congress and diverted to reduce appropriations, with later profits delivered to the Treasury. A separate Pentagon official discussed Egyptian troop movements in 1973 amid differing views on maneuvers versus an attack.
MENTIONED IN THIS ARTICLE
Washington
Central Intelligence Agency
CIA
William E. Colby
Colby
House Intelligence Committee
Air America
Southeast Asia
Pension
Treasury
Radio Free Europe
U.S
Congress
Pentagon
Robert C. Hall
Defense
Intelligence
Terrorists Wait at Airport After U S Consul Held
Five armed Japanese Red Army terrorists hold the U S consul and 14 others at Kuala Lumpur airport awaiting a flight to another country. Malaysian officials say Libya has not granted landing permission and discuss crew size and weapon carriage as snags.
MENTIONED IN THIS ARTICLE
Kuala Lumpur
Malaysia
Red Army
U.S
Libya
Brussels
Japan Air Lines
Ramli Omar
Communications Ministry
Osman Cassim
Home Ministry
Sayonara
Robert C. Stebbins
Fredrik Bergenstrahle
Lee gets full citizenship after 110 year wait
President Ford signed a resolution restoring full citizenship to Confederate Gen. Robert E. Lee, ending a long postwar omission. Byrd led a five year push. the ceremony at Lee mansion in Arlington drew Lee descendants as witnesses.
MENTIONED IN THIS ARTICLE
Ford
W.C. Daniel
D-Va
Custis Lee Mansion
Arlington National Cemetery
Robert E. Lee
Harry F. Byrd, Jr
Ind.Va
Virginia
Linwood Holton
Washington
Lee
Andrew Johnson
Congress
State Department
National Archives
Harry F. Byrd
Senate
Byrd
House
Arlington
Warehouse Fire Destroys Half of Clarke Street Warehouse
Winchester fire crews battled an early dawn blaze consuming more than half of a Clarke Street furniture warehouse owned by the Swimley family. No serious injuries were reported after 75 firefighters doused the fire. the wooden portion suffered total loss while the brick half was less severely damaged. The cause remained under investigation with transient involvement a possible factor.
MENTIONED IN THIS ARTICLE
John McManus
Star
Clarke St
N. Cameron
N. Loudoun Sts
Winchester
Gene Dailey
Swimley
Dailey
Town
Stephens City
Round Hill
Million-dollar SS United States deal goes bust
Winchester ad man Ronnie Whitacre pursued a $298 million plan to convert the 990-foot SS United States into a 282-unit condominium for the ultra rich. He spent 153 hours and $1,040.90 in a venture that collapsed when a $100,000 Maritime Administration deposit was not paid and the deal was called off. Whitacre would demand a contract and retainer next time.
MENTIONED IN THIS ARTICLE
Winchester
Ronald F. Whitacre
U.S. United States
Ultrarich
Ronnie Whitacre
United States
Whitacre
S. S. United States
William W. Wyant
W. W. Ventures
Wall Street Journal
Duff's Rebel Restaurant
Wyatt
Wyant
U. S. Maritime Administration
United States of America
S.S. United States
Port of Call
Shin
High Seas
Win
Maritime Administration
Apple Recipe Contest Pays Cash for Salads Pies Cakes
Berryville by pass opens diverting thousands of motorists from the business district. Merchants share opinions on effects while Clarke Compass notes Route 7 project details. The Star announces prizes over $200 for winning apple based salads pies and cakes.
MENTIONED IN THIS ARTICLE
Clarke Compass
Berryville
Also Mentioned on This Page
Asocieted Press
Sears
Bogota
Colombia
Donald Cooper
Sears Roebuck and Co
Cooper
Japan
Francis Netto
U.S. Information Service
Bernard Joseph
Joseph
J. Miles Cary
Fran Coombs
Rouss Fire Co
Sherwin-Williams Company
Leanett
Chester
John Driggs Co
Whittier Avenue
the Star
Inside Today
Area News
Abby
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