Miami Tycoon Posner Faces Tax Conspiracy Trial
Victor Posner and associate William Scharrer go on trial in Miami on charges of land valuation conspiracy tied to gifts to Miami Christian College in the 1970s. Prosecutors say inflated land values led to tax evasion and false returns. Posner could face up to 40 years and fines if convicted.
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Miamiap
Victor Posner
U.S
Eugene P. Spellman
William Scharrer Sr
Edward Bennett Williams
Posner
Sharon Steel Cordyal Crown Cos
Southeastern Public
Southter
Granite
South Carolina
Ath Fue Wall
Aiken County
Miami Christian College
New York
Scharrer
Dade County
Miami
Miami Christian
Oscar Dooley Associates Inc
Miami Beach
Large FDA Aid Plan Aims to Rescue Major Bank
Government approves a 4.5 billion package to back Illinois National Bank & Trust and absorb bad loans. FDIC will hedge 4.0 billion of losses from top lenders, with new capital infusions and leadership changes at the bank's parent company Illinois Corp. midday.
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Washin
Illinois National Bank & Trust
Federal Deposit Insurance Corp
John
Standidiana
Mi ‘Ilinois Corp
David G. Taylor
National Coal Board Reports Loss Amid Britains Coal Strike
The National Coal Board announced a loss exceeding 1.1 billion dollars for the fiscal year ending March 31, with a quarter of it tied to the ongoing strike that crippled Britain's state owned coal industry. The overtime ban last November and reduced output heavily influenced the deficit.
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London
National Coal Board Today
Britain
Coal Board
Aneor
Group Formed To Lobby For Balanced Federal Budget
A $10 million campaign dubbed Proposition One is launched to rally the nation for a balanced federal budget by 1989. Vermont Governor Richard Snelling says candidates must commit to eliminating red ink, arguing deficits raise interest rates and threaten a recession if unchecked.
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Montpelier
US Treasury
Congress
Vermont
Richard Snelling
Snelling
Reagan Attacks Mondale as Leftward Drift Fires Up Rally
President Reagan uses ridicule to claim Mondale Ferraro are too liberal for mainstream Democrats. He campaigns in a wealthy Atlanta enclave and plans spaghetti dinner in Hoboken after the Cumberland Mall rally as he aims to win over independents and disaffected Democrats.
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Reagan
Walter F. Mondale
America
Mondale
Geraldine A. Ferraro
Tream Democrats
San Francisco
Cumberland Mall
Hoboken
N.J
Austin
Texas
Ferraro Targets Reagan in First Major Campaign Push
Geraldine Ferraro attacks the Reagan administration as a male dominated and insensitive regime. She outlines themes likely to drive her Democratic ticket as Mondale and Ferraro plan a joint swing through key industrial Midwest and Southern states. Ferraro sharpened her critique during solo appearances in Washington and New York.
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Washington
Geraldine Ferraro
New York
Walter F. Mondale
Ms. Ferraro
Midwest
South
Reagan
Fed Holds Steady On Money Supply As Volcker Signals Easing
Federal Reserve Chairman Paul Volcker indicated no tightening of the money supply for the rest of the year and only a slight tightening next year. The bond market rallied and the Dow posted a strong daily gain as Wall Street welcomed the news and analysts predicted stabilization of interest rates in coming months.
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Washington
Wall Street
Federal Reserve
Paul Volcker
Capitol Hill
Fed
Volcker
New York
Treasury
David Wyss
Data Resources Inc
GOP Senate Remap Suit Opens In Federal Court
The South Carolina GOP and the state Senate clash in a federal court in Columbia over the remap plan and timing of elections. A Washington hearing is set for October with potential primaries this summer, as judges ponder pace and plan.
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GOP
Senate
Columbia
South Carolina Senate
State
Republican Party
State Senate
Washington
Federal District Court
U.S. Justice Department
General Assembly
Terrell Glenn
South Carolina
Seven Men Charged in 163 Arson Fires in Boston
An 83 count federal indictment charges seven men including two firefighters and two housing police officers with setting 163 fires in Boston and surrounding towns. The scheme aimed to delay layoffs from Proposition 24 and included fires that targeted commercial and residential buildings for attention. Authorities say some fires were driven by profit or revenge and several suspects worked for firms that could benefit from insurance payouts.
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Boston
U.S
William Weld
Boston Fire
Matthew Corbett
Weld
Barbara Bush dedicates tortoise memorial at Staten Island Zoo
Barbara Bush praised resilience and love for animals at a memorial dedication for Jalopy the tortoise, who died in December after years at the Staten Island Zoo. She unveiled a tortoise shaped bush, fed animals, and quipped about politics while highlighting cancer as a fight worth waging. Barbara Bush called Jalopy a lasting symbol of longevity and noted her affection for animals during the campaign.
MENTIONED IN THIS ARTICLE
Barbara Bush
George Bush
Jalopy
Aiken Standard Subscription and Advertising Info
Subscription and advertising contacts for the Aiken Standard. Call 648-2311 for subscriptions and news tips, 649-1555 for classified ads. Office hours 8 30 a m to 5 30 p m Monday through Friday at 124 Rutland Drive.
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Aiken Standard
Rutland Drive
Aiken Standard Pbm
Emergency Numbers Provided by Aiken Standard
A list of emergency and support numbers for Aiken area including Aiken Community Hospital, Volunteer Fire Departments, Aiken County Sheriff, Emergency Medical Services, Grief Support Group, and a long distance line for Sheriff Fire or Ambulance.
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Aiken Community Hospital
Aiken County
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