Government turns to private collectors on farm loan debts
The Agriculture Department said it has handed 6500 delinquent federal farm loans to Capital Credit Corp of Fairfield New Jersey for private collection. The move expands efforts to recoup at least 630 million in overdue farm debt by using debtors non farm income to satisfy loans, a first for the Farmers Home Administration.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Agriculture Department
Farmers Home Administration
Ron Ence
U.S
Ence
Capital Credit Corp
Fairfield
N.J
Reagan
Department of Education
Capital Credit
Jack Evans
13A
Iran seizes Soviet ship in Bandar Abbas search
Iran halted two Soviet vessels in a new move against Iraq's arms supplier. The Pyotr Yemtsov, a 11,750 ton Black Sea Shipping of Odessa vessel, was chased in the Persian Gulf and seized for inspection at Bandar Abbas. A second ship, identified as the Tutov, was briefly stopped.
MENTIONED IN THIS ARTICLE
Manama
Bahrain
Iran
Iraq
Pyotr Yemtsov
Persian Gulf
Bandar Abbas
Tutov
U.S.S.R
Florida drug task force struggles to curb smuggling network
After 41 years the South Florida Task Force, begun by Vice President Bush in 1982, is described by officials as barely denting the drug trade. Smugglers countered measures with beepers and radar-evading boats, while top traffickers remain largely unknown. Officials say the program is overwhelmed and containment is uncertain.
MENTIONED IN THIS ARTICLE
New York Times
IAMI
George Bush
South Florida
Florida
Gerald Hochman
Drug Enforcement Administration
DEA
U S offers Soviets deal in spy case
Washington reports the United States proposed trading the release of U S News and World Report columnist Nicholas Daniloff for the Soviet physicist Gennady Zakharov charged with espionage. Officials cautioned Moscow’s stance unclear and noted past exchanges shaping the case.
MENTIONED IN THIS ARTICLE
Gazette Wire
Washington
United States
Soviet Union
U.S
U.S. News and World Report
Nicholas Daniloff
Gennady Zakharov
U.N
Zakharov
FBI
New York
F. Jay Crawford
Moscow
United Nations
Anatoly Dobryinin
Valdik Enger
Rudolph Chernayev
Mortimer Zuckerman
U.S. News
Worle
Iowa economy cools as housing permits slump
Iowa state leading economic indicators fell 1.2 percent in July, the second straight monthly decline, driven by a 9.1 percent drop in residential building permits after rising interest rates. State economist Harvey Siegelman warns the slower rate of improvement in rates limits any early rebound in the economy.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Gazette
Des Moines
Bureau
Iowa
Iowa Department of Economic Development
Harvey Siegelman
Siegelman
PayCom to expand in Cedar Rapids adding up to 30 jobs
PayCom Systems Corp plans a major expansion with Telesis Systems Corp and Berthel Fischer to create 20 to 30 new jobs over 12 to 24 months. PayCom will move from 665 Marion Blvd to the Life Investors building and expects to hire beyond six current staff.
MENTIONED IN THIS ARTICLE
Aeacetenancial Callo
ayCom Systems Corp
Cedar Rapids
Cedar Rapids Area
PayCom
Marion Blvd
Life Investors
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