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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 07, 1988
Page
2
A columnist recounts a weekend in western Wisconsin for the Third Annual Balsam Lake Worm Feed and Comedy Festival. He notes bass and walleye fishing, mocks fishing culture, and jokes about near misses with gear while appreciating the annual fish friendly trip.
The Asahi reports aides to former PM Yasuhiro Nakasone and to Finance Minister Kiichi Miyazawa and LDP official Shintaro Abe bought stock in a private real estate firm before its public offering and sold it later for a profit. Miyazawa Watanabe and Abe are among Takeshita successors. Critics call the deals morally insensitive.
The Pension Benefit Guaranty Corp. alleges former Killian's executives Richard Scherling and Harold Wendorf caused plan underfunding by taking lump sum pensions. They withdrew 107 804 and 185 286 dollars respectively in January 1982, despite knowing an investment adjustment would reduce the policy value and likely underfund the plan. The plan ended March 15, 1982, assets insufficient for benefits, with PBGC seeking 112 899 dollars plus interest, costs, and fees. The company filed for bankruptcy in April 1982 and Cedar Rapids store closed in November after 71 years.
Paul M Jerabek alleges he owns 99 percent of Paul Jerabek Wholesaler Inc while his father Paul Jerabek holds 51 percent of voting stock. The suit seeks a court appointed receiver to liquidate the corporation and resolve control disputes. The younger Jerabek reports 21000 non voting shares and 49 voting shares.
University of Iowa findings show mothers influence infant sons circumcision based on cultural and sexual ideals. Marvel Williamson and Paul Williamson led a study of 269 mothers revealing visual appeal hygiene and sense factors shape decisions beyond medical reasons. The work, to be published in Journal of Sex Education and Therapy, notes 90 percent of American newborns are circumcised.
The White House said it will move rapidly to nominate Edwin Meese's successor as attorney general with six months left in the Reagan era. Meese met Reagan with a short list of candidates and promised a longer list later.
Davenport police seized about 150 marijuana plants in woods near West River Drive and South Concord Street. Two men, Rainy Levellen and Bruce Wydick, living in log bunkers, were arrested for manufacturing a controlled substance and possession with intent to deliver. Police said the crop could have netted up to 75000 after processing.
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