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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
May 23, 1986
Page
2
FMC Corp shareholders approve a recapitalization that shifts ownership to insiders, boosting employee stake to 36 percent while public ownership falls to 64 percent. The plan raises total debt to 2.2 billion, with earnings expected below 1985 levels for two years.
Theodore Bundy joked with prison superintendent Richard Dugger after Gov. Graham signed his death warrant for the Jan. 15 1978 murders of two FSU women at a Tallahassee sorority house. He also faces death for a 12 year old Lake City girl murder. Reagan to approve shuttle replacement plan in days.
Berry Johnston, 50, a professional gambler from Oklahoma City now in Las Vegas, defeated Mike Harthcock on the first hand of the head-to-head final at Binion's Horseshoe Club to win $570,000 and the 17th World Series of Poker title. Johnston overcame a late deficit, saying he never gave up, and also eliminated Gary Berland to reach the final.
A Rhode Island man, Ralph Richard, was acquitted of raping his month old daughter Jerri Ann and related cover up charges. He spoke of peace an hour after the verdict, while Jerri Ann’s death remains a tragedy. The infant was abducted from a Pawtucket crib November 11, 1984 and found four days later in an alley near the family apartment.
U S plan to restart production of chemical weapons creates rift in NATO with Norway Denmark and the Netherlands opposing. Weinberger says plan needed for modernization and deterrence while citing Soviet near monopoly and potential treaty violations. British West German and Canadian allies back the move amid stalled global ban talks.
The House approved a Reagan pension bill by voice vote, finalizing a three-tier retirement plan for federal workers hired since 1984. The measure, a Senate House compromise, would save over 7 billion dollars in five years as government contributions shrink. The plan combines Social Security, a pension, and a tax deferred savings program with a 1 percent government contribution and dollar-for-dollar matching up to 3 percent, plus marginal matches up to 5 percent. employees contribute 1.3 percent in 1987, 0.94 percent in 1988-89, and 0.8 percent thereafter.
Subscriptions and classified advertising contact numbers are listed. News ideas and display ads reach staff at the Aiken Standard. Office hours run 8:30 a.m. to 5:30 p.m. Monday through Friday, with Sunday hours 8 a.m. to 10:20 a.m. The office is at 124 Rutland Drive and mailing address is Box 456, Aiken, SC 29802.
A Carnegie Foundation study finds average college indebtedness rose from 2100 in 1975 to 7900 in 1984 after inflation. Borrowing rose from 11 percent to 30 percent of undergraduates. The report links debt to field choices, with many students pursuing high paying majors like engineering and business, while low debt interests such as music attract fewer students.
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