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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 07, 1994
Page
3
James Scott of Fowler Illinois received a maximum life sentence after admitting to removing five sandbags from a Mississippi River levee near West Quincy Missouri, an act that flooded 14000 acres of farmland during peak Midwest floods on July 16 1993.
President Clinton named Wall Street veteran Robert Rubin to replace Lloyd Bentsen as Treasury secretary at a Rose Garden ceremony. Bentsen will leave December 22, with Rubin taking over as Newman serves as acting secretary until Senate confirmation.
Orange County decides to file for Chapter 9 bankruptcy to preserve funds and avoid investor withdrawals after massive investment losses. County officials cite orderly handling of fiscal problems while lenders threaten to cut off credit and demand 1.2 billion in short term loans.
Former associate attorney general Webster Hubbell pleaded guilty to one count each of income tax evasion and mail fraud tied to billing the Rose Law Firm and clients for over 390000 in inflated fees. He faces about two years with possible cooperation leading to a lighter sentence.
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