Japan unveils eight point package to curb trade surplus
Japan announces tariff cuts on 318 items and expanded imports as part of an eight point package. Nobuhiko Ushiba says talks with the U S government cover unilateral tariff reductions and quotas amid U S skepticism.
MENTIONED IN THIS ARTICLE
Tokyo
Takeo Fukuda
Japan
Nobuhiko Ushiba
U.S
Washington
Tornado Death Toll Likely Higher As Cleanups Continue
Workers searched for more victims of a tornado that hit near a crowded freeway killing one and injuring at least 40. Houston Fire Department official Whitey Martin warned of possible additional deaths and many injured under debris or in ditches as authorities assess the widespread damage to about 600 homes and businesses during rush hour.
MENTIONED IN THIS ARTICLE
Houston
Whitey Martin
Houston Fire Department
CBS surrender order tests California shield law
A Santa Clara County judge ordered CBS Television to surrender non broadcast film from a 60 Minutes segment showing the arrest of two alleged drug dealers. The ruling tests the California reporter shield law protecting news materials. The defendants, John Derek Blackwell and David Elliott Pollard, face trial for selling phencyclidine laced cigarettes to undercover officers at the county fairgrounds. CBS had aired only the arrest portion on October 23, co hosted by Mike Wallace.
MENTIONED IN THIS ARTICLE
San Jose
Calif
CBS Television
Santa Clara
CBS
Mike Wallace
US and Korea near accord over Park testimony in DC case
Seoul indicated only one item remains for a signed pact to allow Tongsin Park to testify in a Washington court. South Korea’s foreign minister told a closed Foreign Affairs Committee he hopes agreement comes by year’s end, with no detail on the remaining dispute. US objections centered on a demand that Park be returned regardless of his wishes or possible perjury charges.
MENTIONED IN THIS ARTICLE
Seoul
South Korea
United States
Tongsin Park
Washington
Park Tong Jin
Hahn Yungsoo
National Assembly
Foreign Affairs Committee
Hahn
Tongsun Park
Park
FDA urges cease-fire in aspirin advertising battle
The FDA calls for a halt to a one sided ad war between Sterling Drug makers of Bayer aspirin and Tylenol from McNeil Laboratories. Commissioner Donald Kennedy accuses Bayer ads of misrepresenting the panel report while urging fair accurate ads and FTC oversight given the $750 million market for OTC pain relievers. Tylenol leads with about 21 percent share.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
FDA
Donald Kennedy
Sterling Drug Co
Bayer Aspirin
Bayer
Kennedy
Federal Trade Commission
FTC
Michael Pertschuk
Pertschuk
J. Clark Wescoe
Sterling
Eugene Kane
William Brooks
Jefferson Memorial
Washington Monument
Dutch tycoon Menten convicted of WWII killings in Poland
Pieter Menten, Dutch millionaire and art collector, found guilty of taking part in Nazi executions in Podhorece on July 7 1941, sentenced to 15 years. He denied charges and was acquitted on related counts concerning Uryez, where 175 to 200 were to be executed.
MENTIONED IN THIS ARTICLE
Amsterdam
Netherlands
Pieter Menten
Podhorece
Menten
Uryez
Ukraine
Blaricum
Meta
Zurich
Switzerland
Social Security tax hike approved by negotiators
House and Senate negotiators reach final agreement on a bill raising Social Security payroll taxes by 227 billion dollars over ten years to fund the program into the next century. A proposal to include income tax credits for college costs is dropped for now, with Roth deferring the credit proposal for separate consideration later.
MENTIONED IN THIS ARTICLE
Washington
Upi
House
Senate
William Roth
Del
Congress
Roth
Coffee Prices Seen Rising Amid Poor Central American Crop
In San Salvador, El Salvador, the director of the El Salvador Coffee Company says world coffee prices will rise this year due to a poor Central American and southern Mexican crop, signaling higher costs for buyers.
MENTIONED IN THIS ARTICLE
San Salvador
el Salvador
UPI
Central America
Mexico
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