Kemp ends housing program amid taxpayer losses
Housing Secretary Jack Kemp announced the program allowing private lenders to backinsured mortgages would be phased out after costs neared 1 billion dollars due to sour loans. HUD officials project a multi month regulatory driven phase out as pipelines clear.
MENTIONED IN THIS ARTICLE
Washington
Jack Kemp
Kemp
Department of Housing and Urban Development
Turbulence Injures Attendants On American Flight 928
A Dallas to Boston American Airlines 767 encountered unexpected turbulence injuring three flight attendants. Nancy John of Dallas sustained neck injuries while two other attendants suffered minor injuries. The flight carried 85 passengers and eight crew members and departed DFW at 7:53 a.m.
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Boston
American Airlines
Dallas
Nancy John
Ed Stewart
Stewart
Dallas-Fort Worth International
Bush sends aide to Manila to back Aquino
President Bush dispatched deputy national security adviser Robert Gates to Manila to urge Corazon Aquino to "get your house in order." Two officials said Gates carries a private message amid concerns Aquino faces another coup attempt.
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Washington
Bush
Robert Gates
Manila
Corazon Aquino
Gates
Aquino
Medellin cartel admits defeat in drug war offer
The Medellin cartel said the government won the war on drugs and would halt terror campaigns and drug dealing in exchange for a pardon. It released two kidnap victims to support its bid and claimed defeat, a move rejected by the government.
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Bogota
Colombia
Medellin Cocaine Cartel
Evangelist Loses Tax Challenge Over Religious Materials
The Supreme Court unanimously ruled states may tax sales of religious material by religious groups. In Swaggart Ministries v California, a $183000 tax bill from 1974 to 1981 was upheld as a neutral sales tax. The decision stated the tax targets retail purchases, not free exercise of religion.
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Washington
Supreme Court
Jimmy Swaggart
California
Swaggart
JSM
Crown of Thorns
Sandra Day O'Connor
New Jersey
U.S
Denver
Man admits guilt in attempted hijacking of Flight 727
Jose Manuel Gonzalez-Gonzalez 39 of New Orleans told U.S. Magistrate he was guilty as charged after attempting to hijack an America West jet en route from Houston to Las Vegas. He claimed desperation to escape death threats and apologized to flight attendant Stacy Wood and passengers.
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Austin
Texas
Cuba
Jose Manuel Gonzalez-Gonzalez
New Orleans
Houston
Las Vegas
Gonzalez-Gonzalez
Stacy Wood
Dick Nelson
FBI
Michael Wilson
U.S
Stephen Capelle
Bush trims Quayle Latin America mission
Washington delays parts of a diplomatic tour by Vice President Dan Quayle citing regional anxiety over the Panama invasion. He will still visit Honduras and Panama later this month and add Jamaica as a third stop while trips to Mexico and Venezuela are postponed.
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Washington
Panama
Bush Administration
Dan Quayle
Mexico
Venezuela
Quayle
Honduras
U.S
Latin America
Jamaica
Woman killed by dogs in L A
In Los Angeles a 70 year old grandmother Marjee Lilly died after a dog attack by two mixed breed pit bull terriers kept by her grandson Clarence Hubbard. Police say she was mauled for about 30 minutes despite six hours of surgery including arm amputation. Authorities delay destruction of the dogs pending investigation.
MENTIONED IN THIS ARTICLE
Los Angeles
Marjee Lilly
County Usc Medical Center
Alan Kerstein
San Diego
Clarence Hubbard
Trade deficit widens to 10.5 billion in November
The Commerce Department reports the November trade deficit at 10.5 billion, the worst in 11 months, as exports fall sharply led by Boeing strikes. Imports eased slightly from October, while exports dropped to their lowest since March, with a 2.4 percent rise in the overall deficit.
MENTIONED IN THIS ARTICLE
Washington
America
U.S
Boeing
Commerce Department
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