Northeast Jet revival tied to Capitol Hill inquiry
A small charter airline that flew Nancy Reagan and Barbara Bush resumes operations after a 19 month shutdown. The two day House inquiry will examine FAA rules for small charters amid Northeast Jet crashes from 1980 to 1988.
MENTIONED IN THIS ARTICLE
Washington
Nancy Reagan
Barbara Bush
Congressional
O N Northeast Jet
Capitol Hill
Federal Aviation Administration
Northeast
Businesses face heavy fines for illegal child labor
The Labor Department reported a one day federal sweep found 3,800 minors illegally employed with fines exceeding $1 million. Most violations involved excessive hours for underage workers while 490 youths, mainly 16 and 17, performed dangerous tasks using power driven meat slicers and paper balers.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Bulgaria’s Socialist Party wins first free Parliament
Supporters in Sofia salute after Bulgaria’s first free parliamentary elections. The nation becomes the first East European state to elect a Parliament dominated by the former Communist Party, signaling a slow shift to a market economy. Sweden proposes same rights for gay couples in taxation inheritance and divorce, aiming to create formal partnerships. Mandela commends Canadian opposition to apartheid and urges continued international pressure. Honecker case shows insufficient evidence for charges, with possible future action.
MENTIONED IN THIS ARTICLE
Bulgarian Socialist Party
Sofia
Bulgaria
Communist Party
Sweden
Stockholm
Denmark
U.S
Ottawa
Nelson Mandela
South Africa
African National Congress
West Berlin
West Germany
Erich Honecker
Congress, IRS target $100 billion tax gap
Congress and the IRS aim at a tax gap exceeding 100 billion dollars yearly due to overstated deductions and underreported income. The gap could rise to 127 billion in two years, spanning 83 percent of owed taxes collected. officials warn of long term compliance erosion without a plan and call for a 12 percent budget increase to 6.1 billion to boost takeovers by 9 billion over five years.
MENTIONED IN THIS ARTICLE
Washington
Congress
Internal Revenue Service
IRS
Fred T. Goldberg Jr
House
Ways and Means Committee
Mayors told there is no money for urban programs
Congressional Democrat Dan Rostenkowski told the U S Conference of Mayors that billions in urban funding from expected defense savings are unlikely. He warned the peace dividend is already being swallowed and that cities face a tough fight, with little support for higher taxes to fund housing education and poverty programs. Senator Kerrey offered cautious optimism but cautioned money will not arrive easily.
MENTIONED IN THIS ARTICLE
Chicago
House Ways and Means Committee
Dan Rostenkowski
U.S. Conference of Mayors
Rostenkowski
Congress
Robert Kerrey
Nebraska
Kerrey
Reagan
Supreme Court lets Cathy Stone pursue royalties for Hank Williams hits
The Supreme Court let stand a federal appeals court ruling that Cathy Yvonne Stone, 37, may pursue a jury trial over royalties from Hank Williams songs. Stone described feeling wonderful as she awaits her court fight for her late father's country music legacy.
MENTIONED IN THIS ARTICLE
Hank Williams
U.S. Supreme Court
High Court
Cathy Yvonne Stone
Ms. Stone
Washington
Trump loan restructuring hangs on creditor dispute
The New York Times reports that talks to restructure debt for Donald Trump’s real estate and casino holdings stalled as large and small banks clash over terms and collateral. A missed $31 million payment on bonds tied to Trump’s Castle in Atlantic City raises the risk of default and possible loss of New Jersey licenses amid broader loan-funded assets.
MENTIONED IN THIS ARTICLE
Donald Trump
New York Times
Trump
Castle
Atlantic City
New Jersey
Administration offers to OK $3 billion more for housing
White House budget chief Richard Darman and Housing Secretary Jack Kemp told lawmakers the administration would accept a $3 billion increase in federal housing spending but only if it aids the very poor and funds rehabilitation over new subsidized construction. The Senate debated consolidating failing programs into a Housing Opportunity Partnership that would channel about $2 billion next year to state and local governments for renovating affordable housing, with 60 percent to cities and 40 percent to states and a $1 match for every $3 of federal aid. The bill would also extend FHA insured mortgage ceilings to $124,875 for two more years.
MENTIONED IN THIS ARTICLE
Washington
White House
Richard G. Darman
Jack Kemp
Senate
Housing Opportunity Partnership
Congress
Darman and
Kemp
Sen
Alan Cranston
D-Calif
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Irl Tessendorf
Richard Faulkner
Tessendorf
OKLA
IOW K
Kansas City
Carl Fox
Mandela
Canada
Honecker
Bluefield Baily
Bluefield Ave
Bluefield
W.va
Princeton
Richlands
Thomas A. Colley
Mike Williams
Rhonda Wade
E Donna Clayton
Patsy Malamisura
Carl H. Meade Jr
Bluefield Daily Telegraph
National Advertising Rep
London Associates
MAIL
W.V
Tside
W.V. Daily
Byron Dorgan
D-N.d
Arthur S. Hoffman
American Institute of Certified Public Accountants
Bush
Boston
Raymond Flynn
People In the News
Williams
Checker
Chubby Checker
Paul Revere
Raiders
North Platte
Cosby
Lawman
Chattanooga
Tenn
Bill Cosby
Brian Bergenback
Cosh
Bergenback
Corridor J
United States
Shelby
Carroll Shelby
Ron Wise
Cedars-Sinai Medical Center
Los Angeles
John S. Niederhauser
Niederhauser
Norman Borlaug
MIT
Charles M. West
University of Michigan
Massachusetts Institute of Technology
MIT Corp
Ken Campbell
New York
Plaza Hotel
Trump Tower
Canteloupes
California
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