Banks weigh 24 billion FDIC plan amid reform talks
In New York, bankers react cautiously to a proposed 24 billion injection to shore up the failing federal deposit insurance fund as regulators mull a broad restructuring of U S banks. FDIC says 734 banks with 102 billion in assets failed over 30 years, draining the fund from 18.3 billion in 1987 to about 9 billion today, with up to 100000 insured per depositor.
MENTIONED IN THIS ARTICLE
New York
Federal Deposit Insurance Corp
Theovernment
Fom
FDIC
Massachusetts veto blocks Mass MOCA largest art museum
Massachusetts officials vetoed using state funds to convert a vacant electronics factory into the Mass MOCA project. Gov. Dukakis supported the plan, and a scaled down version was approved by the state museum commission, with costs originally exceeding 77 million dollars.
MENTIONED IN THIS ARTICLE
Springfield
Mass
Michael S. Dukakis
Massachusetts Museum of
Bush plan to reverse race based minority scholarships ruling
Washington sources say the Bush administration will reverse an Education Department civil rights ruling that colleges receiving federal funds may not award scholarships solely on race. Assistant Secretary Michael Williams has scheduled a news conference for today.
MENTIONED IN THIS ARTICLE
Washington
Education Department
Michael Williams
Department
Office of Civil Rights
Marlin Fitzwater
Bush
Aristide Seen Winner Of Haiti's First Democratic Election
In Port au Prince Haiti the U S government declared Rev Jean Bertrand Aristide the apparent winner of the first fully democratic vote amid celebrations. Police killed a pregnant supporter of the leftist priest in the capital silencing celebrations.
MENTIONED IN THIS ARTICLE
Port-Au-Prince
Haiti
U.S
Jean-Bertrand Aristide
Palestinians barred from entering Jerusalem amid tense clashes
Police blocked thousands of Palestinians from entering Jerusalem while hundreds of flak-jacketed officers patrolled the Old City to curb unrest. Authorities also rejected a Jewish extremist request to access Temple Mount as tensions flare across the region. In Costa Rica, Central American presidents condemned Salvadoran guerrillas and offered strong support for President Alfredo Cristiani's government.
MENTIONED IN THIS ARTICLE
Jerusalem
Old City
Temple Mount
Puntarenas
Costa Rica
Alfredo Cristiani
Bush warns Iraq must withdraw by January 15
President Bush vows a military strike if Iraq does not pull out of Kuwait by Jan 15. He calls Saddam Hussein equally wrong for doubting U.S. willingness to fight and notes the buildup of hundreds of thousands of forces in the Persian Gulf. An Army plan calls for recalling retired personnel to active duty as deadlines loom.
MENTIONED IN THIS ARTICLE
Washington
Bush
Iraq
Kuwait
Saddam Hussein
America
U.N
Baghdad
Saddam
Persian Gulf
United Nations
Middle East
United States
U.S. Army
Berlin
Henry H. Hanrahan
Basix nightclub in South Bend bans smoking inside
Basix nightclub owner Bill Watkins and Pittsburgh Steelers player Chuck Lanza opened the venue on October 31. Smoking is prohibited indoors with patrons told to light up outside, creating a smoke-free environment praised by staff and customers alike. The policy aims to offer a healthier option and has drawn little resistance.
MENTIONED IN THIS ARTICLE
South Bend
Ind
Basix
Bill Watkins
Pittsburgh Steelers
Chuck Lanza
Watkins
HBO film on James Brady story begins in Washington
HBO Pictures started filming The James Brady Story with Beau Bridges in the lead, recreating the Washington Hilton attack and the presidential motorcade as part of the Brady narrative. The project follows Brady's survival after the Hinckley shooting, with production moving through key moments of that era.
MENTIONED IN THIS ARTICLE
HBO Films
James Brady
Washington
John Hinckley Jr
Reagan
HBO Pictures
Washington Hilton
Beau Bridges
Alexander tapped as education boss for Bush pick
President Bush nominated former Tennessee Governor Lamar Alexander as education secretary on Monday. Alexander, president of the University of Tennessee, is seen as an education reformer. Bush also plans a quick review of race based scholarships after a Civil Rights Office ruling. Cavazos had resigned last week amid White House controversy.
MENTIONED IN THIS ARTICLE
Washington
Bush
Tennessee
Lamar Alexander
Lauro Cavazos
White House
Alexander
University of Tennessee
Cavazos
Senate
America
Officials fear gas tax may spawn fraud
The Justice Department warned of schemes to evade the gasoline excise tax hike, saying the nickel increase raises incentives to cheat. Officials cited illegal schemes causing at least 1 billion dollars in lost revenue, with 25 convictions since 1987 and Getty Terminals Corp. among early large-scale cases.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Shirley D. Peterson
Peterson
Getty Terminals Corp
Getty
Individua
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