Banks Face Insolvency Risk and Deposit Fund Shortfall
A congressional report warns most large banks near insolvency and urges rapid taxpayer injections into the deposit insurance fund. Projected bank failures could cost up to 63 billion dollars in a severe recession, with milder downturns also draining cash. Separately, Charles Keating aide testimony in Senate Ethics hearings is now contradicted by James Grogan under limited immunity.
MENTIONED IN THIS ARTICLE
Washington
Congressional
Donald Riegle
Charles Keating
Keating
Michigan
James Grogan
Senate
Ethics Committee
California to regulate backyard tools to cut exhaust
California's Air Resources Board approved a plan to regulate small gasoline powered tools to curb smog. The 8-0 decision drew opposition from manufacturers who warn of high costs for consumers. Twenty five witnesses testified, including environmentalists and engine and mower makers.
MENTIONED IN THIS ARTICLE
San Francisco
California
State Air Resources Board
Evers' Widow Testifies Before Grand Jury
Myrlie Evers testified for about an hour before a Hinds County grand jury probing Medgar Evers murder. She said she felt apprehension yet hopeful as she left the courthouse amid talk of a possible new indictment in the 27 year old case.
MENTIONED IN THIS ARTICLE
Jackson, Miss
Myrlie Evers
Medgar Evers
Evers
Hinds County
Personal tax exemption rises to 2150 next year
The Internal Revenue Service announced that the personal tax exemption will increase by 100 to 2150 for next year. The standard deduction for joint filers will climb from 5450 to 5700 and the singles deduction from 3250 to 3400 to offset inflation.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Delta Pride workers approve contract ending three month strike
Delta Pride Catfish Inc. union workers in Indianola Mississippi narrowly approved a new contract on Friday ending a three month strike. The dispute drew NAACP support and civil rights groups and sparked a national boycott of Delta Pride products amid racial discrimination allegations.
MENTIONED IN THIS ARTICLE
Indianola
Miss
Delta Pride Catfish Inc
NAACP
Delta Pride
Jury orders Bakker to pay PTL contributors 130 million
A North Carolina jury ruled PTL founder Jim Bakker must pay about 130 million dollars to former contributors. The verdict found Bakker liable for fraud and conspiracy, while Deloitte Haskins Sells and other associated defendants were not liable for damages.
MENTIONED IN THIS ARTICLE
Jim Bakker
PTL
Charlotte
N.C
Deloitte, Haskins & Sells
David Taggart
Bakker
Aimee Cortese
New York
Jim Williams
Deloitte
Bush to nominate Lynn Martin to head Labor Department
President Bush announced on Friday he will nominate Rep. Lynn Martin of Illinois to lead the Labor Department. The pick preserves a female Cabinet presence after Elizabeth Dole left to head the Red Cross. Labor leaders criticized the selection, and Martin was informed of the decision shortly before the formal announcement.
MENTIONED IN THIS ARTICLE
Washington
Bush
Rep
Lynn Martin
Illinois
Labor Department
Senate
Martin
Elizabeth Dole
American Red Cross
Education Department
Lauro Cavazos
Lane Kirkland
Afl-Cio
Congress
Camp David
Cavazos
White House
John Sununu
Republican Party
William Bennett
Missouri Judge Allows Cruzan Parents to Remove Feeding Tube
Judge Charles Teel in Carthage Missouri ruled that Nancy Cruzan's parents may discontinue life support for their comatose daughter citing clear and convincing evidence that she would not want to continue living. The decision follows a landmark right to die battle culminating in a U S Supreme Court ruling establishing the standard.
MENTIONED IN THIS ARTICLE
Carthage
Nancy Cruzan
Jasper County
Charles Teel
Cruzan
Missouri
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Riegle
Delta
Revere
Mass
James Connery
Minnesota
Gene Carr
Labor Post
Patricia Saski
Hawaii
TV Vision
380
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Florsheim
Walker
Cordovan
Ventura
Silverton
Princess
Denver
Sterling
Iowa City
S. Riverside Wardway Plaza
Jack
Cedar Rapids
Collins Rd
Kmart Plaza
Showbiz Pizza
Icityl
Iowa
the Gazette
Telecom
USA Cityline
Waterloo
Dubuque
Kcrg Weather Center
Financial Reports
KCRG
Cathololic
Comm. Linn Mar
Marion
Kirkwood College
Mt. Mercy College
Gazette
ICR Symphony
Kcck Jazz Line Movie Guide
ST. Luke's Healthlines
C.R. Chamber
Cityline
Khak
DAEC
Duane Arnold Energy Center
MCI
Kid's Corner
Adventure Arcade
Northpole News Quizzlers
USA
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