Australia Faces Cash Crisis as Savings Banks Hit by Runs
In Victoria a run on deposits forced the state to close a group of building societies to avert a wider crisis. Farrow Corp failed leaving 220000 Australians at risk. government plans refund of small depositors. Premier Cain pledged full repayment over time with early payouts, while major banks provide interim credit to stabilize the sector. The Geelong area would suffer without state aid as Pyramid’s collapse echoes national fears.
MENTIONED IN THIS ARTICLE
Sydney
Australia
Jima Victoria
Farrow Corp
Farrow
American S&ls
U.S
Labor
Bob Hawke
Victoria
Ken Russell
Russell
Rob Jolly
Cain
Geelong
Pyramid
Man With Homemade Blowgun Stuns 24 Women in NYC
Police say a man using a backyard blowgun and darts made from pins targeted women on Manhattan sidewalks. Twenty four victims, ages 21 to 44, reported stings to the buttocks since June 26, with no serious injuries. Darts were recovered and sent to toxology tests. no poison found. Citizens described a straw like device used to blow darts from behind victims.
MENTIONED IN THIS ARTICLE
New York
Robert Frankel
Panel Blames Pilot Union To Appeal NY East River Crash
The Air Line Pilots Association will seek federal reconsideration of the NTSB finding in the USAir Flight 5050 crash at LaGuardia on September 20, 1989. The board said pilot error and failure to detect a rudder control problem likely caused the disaster, which left two dead and many rescued from the river. The union calls the decision a total travesty and cites a design fault in the plane’s control panel blamed on Boeing.
MENTIONED IN THIS ARTICLE
Washington
The
Air Line Pilots Association
Usair
New York
East River
National Transportation Safety Board
Laguardia Airport
Pilots’ Union
Wavesty
Tom Kreamer
Union
Boeing
Kreamer
Teachers Get Practice In New Schools
The American Federation of Teachers announced a plan to transform three city schools into professional practice schools with $30,000 Exxon Education Foundation grants each. Norwood Elementary Los Angeles Henry High School Minneapolis and Marshall High School Rochester will host student teachers in a model likened to teaching hospitals to boost clinical training and collaboration.
MENTIONED IN THIS ARTICLE
Boston
Los Angeles
Mills
Rochester
N.Y
American Federation of Teachers
Norwood
Henry High School
Minneapolis
Marshall High School
Exxon Education Foundation
Bruce Baidberg
AFT Center
AFT
Albert Shanker
Goldberg
Also Mentioned on This Page
Ited
Associated Press
Don Fitzpatrick
Henri
Cold Creek
Hitchcock Parkway
Aiken
Antonio Delly
Kemp Balloons
Glen Burnie
Mighty Mouse
Pittsfield
Mass
Nintendo
Mastercard
American Express
Discover
Ghgstausters 1
Yson
Vester's Quest
Augusta
Ickey
Minnie
Iain Tolace
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