Merger approved as FCC OKs MCI Telecom USA deal
The FCC approved the merger of MCI Communications Corp and Telecom USA Inc, with MCI to acquire all Telecom stock at $42 per share totaling about 1.25 billion. Telecom is headquartered in Atlanta and employs 2,200 people in Cedar Rapids.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
MCI Communications Corp
Telecom*usa Inc
MCI
Telecom
Atlanta
Cedar Rapids
Home designer Going for contemporary look
Teri Crain favors contemporary homes and has designed two in Cedar Rapids. One of these houses is her residence with her husband and two dogs. Details in Neighbors.
MENTIONED IN THIS ARTICLE
Teri Crain
Cedar Rapids
Nolan Ryan Earns 300th Win in Rangers 11 3 Victory
No. 300 Nolan Ryan collected his 300th win as the Texas Rangers beat Milwaukee 11 to 3 on Tuesday night. Milwaukee was unable to contain his pitching, yielding the milestone victory. Details appear on page 1B.
MENTIONED IN THIS ARTICLE
Nolan Ryan
Texas Rangers
Milwaukee
Locked in Woman Trapped In Tavern Bathroo m
Fort Madison police responded to a downtown tavern when the door to a bathroom locked shut trapping a cleaning woman. She sat inside for about two hours until help arrived. There were no windows or ventilation and she was hot and sweaty but unharmed.
MENTIONED IN THIS ARTICLE
Fort Madison
Vic Peterschmidt
Tauke Declares Debate Win Over Harkin in DC Meeting
Rep. Tom Tauke R Iowa says he won the debate against Sen. Tom Harkin D Iowa during a Washington media briefing on Tuesday. Details appear on page 9B.
MENTIONED IN THIS ARTICLE
Tom Tauke
Iowa
Washington, D.C
Tom Harkin
Diowa
Today’s Chuckle Stingy wills spark last won't pun
A playful quip notes that some people treat a last will as the last wont, turning inheritance into a humorous moral about generosity and stinginess. The joke hinges on a wordplay of will versus wont and provides a quick, lighthearted endnote.
Citizens offer tips and $5000 reward in cat burnings
Cedar Rapids residents flood officials with tips after two cats were burned to death last week. The city veterinarian and Assistant Police Chief say the case is a serious crime. Don Schmidt offers 200 dollars for information leading to arrests. Leads point to teenagers in Daniels Park. The Gazette reports ongoing investigations and a 7 week old kitten also implicated.
MENTIONED IN THIS ARTICLE
Lonnie Zingula
Anthony
Daniels Park
Cedar Rapids
Cedar River tops flood stage in Cedar Rapids after 17 years
The Cedar River rose above 13 feet in Cedar Rapids last night for the first time since 1973. Officials warned a crest near 14 feet could occur today as floodwaters threatened Chain Lakes area and prompted road closures in Linn County. Crews set sandbags and kept streets crews on 24 hour duty to monitor and respond.
MENTIONED IN THIS ARTICLE
Jeff Burnham
Cedar River
Cedar Rapids
National Weather Service
Linn County
Chain Lakes
Palo
Chain Lakes Road
al Knapp
Ellis Road
Highway 94
Edgewood Road
Ellis Boulevard
FDIC chair predicts up to 2 billion loss for fund
FDIC Chairman L William Seidman warned before the Senate Banking Committee that weakening real estate markets and a record pace of bank failures could push the Bank Insurance Fund to a possible 2 billion loss this year. The fund would drop to about 11 billion in assets, the lowest in its 57 year history, underscoring strain across the banking sector beyond the savings and loan industry. The Bank Insurance Fund insures 2.7 trillion in deposits at commercial banks and other insured depositories.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Federal Deposit Insurance Corp
L. William Seidman
Savings and Loan
Seidman
Senate Banking Committee
FDIC
Bart Simpsons Beware Underachieving Is Out
NGA ends its meeting by rejecting Bart Simpson as the poster for education reform. Governors plan state restructuring to elevate U S schools to world class status. Iowa initiatives model reform to boost student achievement and involve parents and boards.
MENTIONED IN THIS ARTICLE
Rod Boshart
Des Moines
Mobile
Ala
Bart Simpsons
Iowa
National Governors’ Association
NGA
U.S
Assault guns coke shortage fuel murder record warned
Gazette wire services report Washington says America faces a potential murder toll of 23,220 this year, the bloodiest since 1980, blamed on dwindling cocaine supply, more assault weapons, and rising crime among teenagers. Senate Judiciary Committee chair Joseph Biden notes the United States as the most murderous industrialized nation.
MENTIONED IN THIS ARTICLE
Gazette Wire Services
Washington
America
Senate Judiciary Committee
Joseph Biden
United States
Great Britain
Japan
West Germany
Also Mentioned on This Page
Braves
Red Sox
Padres
White Sox
Royals
Indians
Angels
Twins
Brewers
Rangers
Mariners
Athletics
FCC
Confident Tauke
Abby
Asst
Mike Klappholtz
Don Schmidt
Don
Conoco Service
Mount Vernon Rd
Schmidt
C.R
Otis Road
Old River Road
Wayne Murdock
Murdock
Two Streets Department
Barry Springman
Springman
Savings and Loan Associations
L. William Seidman Insurance Fund
Gov
Bill Clinton
Arkansas
Phil Dunshee
Terry Branstad
Northeastern University
James Alan Fox
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