On the Eve of Collapse and Financial Chaos
In this column Donald Kaul warns of a cascading Ohio banking crisis after a Cincinnati savings and loan failure. He cites a private insurer, a bank holiday, and wider debt risks tied to Florida ventures, Reagan era spending, and international loans. He critiques politicians and reflects on historical blind spots. He cites Elliot Janeway's quip about Cincinnati’s savings and loan associations.
MENTIONED IN THIS ARTICLE
Ark
Ohio
Cincinnati
Ohio S&l
Cincinnati S&l
Florida
S&ls
Ohio Savings and Loan
Reagan
Congress
Brazil
Mexico
Argentina
Iown
Savings and Loan
Elliot Janeway
London
Jack the Ripper
Chicago
al Capone
Savings and Loan Associations
Janeway
Israelis raid south Lebanon kill 23 amid village strikes
Israeli tanks and APCs raided Shiite villages near Sidon, killing at least 23. Two CBS News employees Tafik Ghazawi and Bahije Metni died when a shell hit their car near Kfar Melki. IDF says most killed were armed terrorists. journalists and local crews injured in nearby fire.
MENTIONED IN THIS ARTICLE
Gazette Wire
Ankomn
Lebanon
CBS News
Israel Defense Forces
Houmine Et Tahta
Sidon
CBS
Kfar Melki
New York
Tafik Ghazawi
Bahije Metni
Israeli Defense Forces
IDF
Edward Joyce
Shimon Peres
APSTN
London
Vladimir Popov
Zrariye
Contra aid to Salvador death squads ties Romero murder to Lau
Los Angeles Times reports El Salvador intelligence chief Santivanez alleges Nicaraguan Col. Ricardo Lau led or aided death squads in 1980 planning of Archbishop Oscar Romero’s assassination. He claims Lau received 120000 dollars for the murder and links to Guatemala. U.S. officials acknowledge Lau’s ties but cannot confirm Romero link.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Washington
el Salvador
Oscar Arnulfo Romero
Roberto Santivanez
Ricardo Lau
Democratic Force
Lau
Santivanez
Guatemala
Romero
Monsignor Romero
U.S
National Guard
Anastasio Somoza
CIA
Military Security Committee
d’Aubuisson
Carlos Eugenio Vides Casanova
Carlos Reynaldo Lopez Nuila
Nicaraguan
Riot Quelled After 19 Hour Prison Rebellion in Sao Paulo
In Sao Paulo central prison thousands of inmates rioted for 19 hours. At least nine prisoners were killed. Fire gutted several cellblocks as hundreds of state police used tear gas rubber truncheons and firearms to break up the riot.
MENTIONED IN THIS ARTICLE
Sao Paulo
Brazil
Dominelli pleads guilty in multi‑million fraud case
San Diego former financier J David Dominelli pleaded guilty to four felony counts in the J David Co collapse. Prosecutors say he lured about 200 million from 1 500 investors from 1979 to early 1984 and used funds for an extravagant lifestyle. He faces up to 20 years in prison and fines up to 107000. The plea covers mail fraud bankruptcy fraud and tax evasion around the firms 1984 forced bankruptcy and a 1982 income underreporting.
MENTIONED IN THIS ARTICLE
Los Angeles Times
SAN Diego
J. David
Jerry
Dominelli
J. David & Co
Follow Your Favorite Team in The Gazette Sports Section
The Gazette previews upcoming games and key matchups across local teams with features on players, standings, and schedule notes. Highlights include game dates, venues, and projected star performers to watch this week.
MENTIONED IN THIS ARTICLE
The
Gazette
American sunbather freed after 10 days in Laos custody
John Robert Phillips, an American tourist, was detained by Laotian authorities for ten days after crossing the Mekong River to sunbathe on the Laos side. Thai immigration officials in Nong Khai confirmed his return to Thailand.
MENTIONED IN THIS ARTICLE
Deutsche Presse-Agentur
Bangkok
Thailand
Mekong River
Sunbathe
Laos
Nong Khai
Loei
John Robert Phillips
First Quarter 2.1% Growth Confounds Economists
U S government data show economy expanding at a 2.1 percent annual rate in Q1, with inflation measured by the implicit deflator at 5.4 percent. Baldrige calls one time factors inflate the figure, while private analysts see IMF inflows and imports dampening domestic sales.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Commerce Department
Commerce
Malcolm Baldrige
Michigan worker 1st killed by robot
A 34 year old Michigan man died after being pinned by a robot in July, the first documented robot related fatality in the United States. The CDC reported the death followed a heart attack and coma ending five days later as automated die casting machinery operated in the plant. More than 6200 robots are in use nationwide with many more planned.
MENTIONED IN THIS ARTICLE
Atlanta
Michigan
National
Centers For Disease Control
United States
CDC
Health Agency
Also Mentioned on This Page
Donald Kaul
South
Contra
Salvador
Brussels
Belgium
Spain
Portugal
Italy
Lima
Peru
Air Force
Armed Forces Joint Command
Bolivia
LA Paz
Hernan Siles Zuazo
Skogman Realty
United State Bank
2Rd St. SE
Marion Arens
Thelma Steven
Lorelei Phillips
Sports Outfitters
16Th Ave. S.W. Hwy
AppalachiAn Stove Sale
Blairs Ferry Rd
Cedar Rapids
Crack Jones
Discount Furniture & Waterbea
33Rd Ave
Sheraton Inn
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