Iowa banking chief objects to Morris Plan leadership
Iowa's banking superintendent contends three proposed leaders for Morris Plan Co. and MorAmerica Financial Corp. are too linked to Peter Bezanson to protect creditors. William Bernau filed a Bankruptcy Court objection on Aug. 22 in Cedar Rapids, noting concerns over asset liquidation and $14.9 million in loans Bezanson reportedly failed to repay. The objections contrast with support from unsecured creditors committees for both firms.
MENTIONED IN THIS ARTICLE
Roland Krekeler
Gazette Courts
Owa
Morris Plan Co
Peter Bezanson
William Bernau
Iowa
MorAmerica Financial Corp
Cedar Rapids
MorAmerica
Morris Plan
Bernau
SALT II limits not to be exceeded before possible Reagan Gorbachev summit
U S officials say deployment of cruise missiles on bombers is behind schedule but will stay within SALT II limits until the 131st bomber is equipped. Technical delays drive the lag, not politics, though a summit outcome may benefit. Adamishin questioned whether a fall meeting will occur and stressed need for a productive result.
MENTIONED IN THIS ARTICLE
Washington
Reagan Administration
United States
Reagan
Mikhail Gorbachev
Air Force
Soviet Union
Anatoly Adamishin
U.S
Gorbachev
Adamishin
Michael Armacost
Armacost
State Department
Pete
Frontier Files for Chapter 11 Bankruptcy in Denver
Frontier Airlines filed for Chapter 11 in U S Bankruptcy Court ending five days of speculation about the grounded carrier. The move follows People Express’s shutdown of frontier and United Airlines dropping its bid of 146 million dollars. United refused to reopen talks with ALPA and Frontier unions.
MENTIONED IN THIS ARTICLE
Denver
Frontier Airlines
U.S
People Express Inc
People Express
United Airlines
Tors
United
ALPA
Frontier
Donald Burr
Newark, N.J
Whitworth Receives 365 Year Espionage Sentence
Jerry Whitworth, 47, was sentenced to 365 years and fined 410000 for his role in the Walker Soviet spy ring. U.S. District Judge John Vukasin said he must serve at least 60 years before parole. The case is described as the era’s most damaging espionage conspiracy.
MENTIONED IN THIS ARTICLE
San Francisco
Jerry Whitworth
Whitworth
U.S
John Vukasin
Joseph Russoniello
Navy
John Walker
Walker
Yukasin
Justice Department study urges fixed juvenile terms
The Department proposes state level fixed penalties for juveniles convicted of crimes, reducing judge and parole discretion. A point system would set punishments by crime seriousness and offender age and background, with ready-to-publish guidelines aimed at states. Washington state already uses fixed juvenile sentences.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Congress
Ralph Rossum
Claremont McKenna College
Claremont
Calif
California
Pennsylvania
Washington State
Goodyear Blimp Enlisted in War Against Drug Smugglers
The Goodyear blimp will fly along the Texas Gulf Coast on a one week test with U S Customs agents aboard to spot drug smugglers. The program, funded by Congress, aims to use radar equipped blimps and tethered balloons along the Mexican border to detect cocaine and marijuana trafficking The test was kept low profile due to safety concerns and officials warned they would fire back if fired upon.
MENTIONED IN THIS ARTICLE
Ashington
Goodyear
Goodyear Tire & Rubber Co
Texas Gulf Coast
U.S. Customs Service
Congress
United States
Customs Service
Texas
Customs
Dennis Murphy
Also Mentioned on This Page
Bezanson
Iag
Gazette Wire Services
House
Senate
University of Witwatersrand
Johannesburg
South Africa
Soweto
Air Line Pilots Association
Frontier-United
New York Times
the Gazette
Goodyear Blimp
Los Angeles Times
Goa
Abby
Raul
Marion
Solomon
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