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Aiken Standard in Aiken, South Carolina

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Oct 26, 1990

Page

6

Home Sales Drop 8 Percent In September

The National Association of Realtors reports existing home sales fell 8 percent in September to 3.22 million, the slowest pace since January 1988, with declines across regions except the Northeast. Consumer confidence and Gulf War uncertainty cited as causes, while southern markets suffered a larger drop due to military base deployments.

Washington Norman D. Flynn National Association of Realtors Flynn Persian Gulf John A. Tuccillo Gulf Tuccillo South West Midwest

Consumers delay big purchases amid uncertainty

Norman D. Flynn notes that consumer uncertainty drives households to postpone major expenses like housing, as people hesitate when futures are unclear and big-ticket plans are put on hold.

Schumer Faults S&L Whistleblower Protections GAPS

Rep. Charles Schumer urges extending whistleblower protections to Federal Deposit Insurance Corp. staff and other banking employees amid S&L cleanup failures. He compares current rules to taking a cop’s gear and firing him for arrest attempts. Patricia Cosgrove backs the call, citing ongoing fraud at savings and loans.

Washington S&l Rep Charles E. Schumer D-N.y Schumer House Budget Committee Federal Deposit Insurance Corp Federal Home Loan Banks Savings and Loans Patricia Cosgrove Federal Home Loan Bank of New York Associated Press

Southern Star drug sweep nets 3743 fugitives

The international operation dubbed Southern Star led to 3,743 arrests and seizures valued at $12.8 million in cash drugs and contraband. Phones land to Bermuda Zealand cases spanned state federal and international charges with 28 agencies participating. Thornburgh hailed new coordination while cautioning impact on U.S. drug sales remains unclear.

Miami New Zealand Bermuda U.S. Ma ’S

Infotechnology faces SEC probe and possible asset sale

Infotechnology confirmed a formal SEC investigation and said it may raise cash by selling businesses. The company hired Alan Hirschfield and Allan Tessler to explore options as it struggles with cash flow and debt. The SEC investigation follows FNN CFO Bolen's dismissal and accounting firm changes tied to a $28 million investment dispute. Deloitte withdrew opinions on 1989 and current financial statements.

New York Alan Hirschfield Allan Tessler FNN Infotech Hirschfield Tessler Infotechnology Securities and Exchange Commission SEC Amber Gordon Gordon C. Steven Bolen Bolen Deloitte & Touche Coopers & Lybrand Deloitte

Republicans warn of Bush blame as election nears

GOP strategists forecast losses for Elec tion Day and aim to pin blame on President Bush as polling shows Democratic gains across states. Critics call the budget impasse a disaster for Republicans and say the president appears not to be in charge.

Washington Bush Senate David Keene United States Lyn Nofziger White House George Bush House Congressional Douglas Bailey Bailey

Also Mentioned on This Page

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