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Newspaper
Delaware County Daily Times
Location
Chester, Pennsylvania, United States of America
Date
Jun 09, 1987
Page
32
The Meyers Report outlines steps to secure college funding through OPM. Start early with aid grants scholarships and loans, use guidance counselors and college financial aid offices, research external organizations, and persist through bureaucratic walls to improve chances of funding and luck aligning with effort.
The article outlines how service members finance education through the NEW G I BILL and Army College Fund, detailing eligibility, monthly stipends, and required service periods. It covers in service education options, including high percentage coverage of tuition, off duty study, and college credit programs at bases and nearby institutions.
Rep. Mark B Cohen proposes raising Pennsylvania minimum wage to 3.85 an hour in 1988, 4.25 in 1989, and 4.65 in 1990. Cohen says current wages push families into poverty and deter welfare cases. Manderino calls wages "slave wages" while noting broader worker struggles and education costs. The report also mentions arbitration rulings under the Securities Exchange Act and RICO in a separate federal appeals context.
New York AP report from Financial World estimates the 10 highest paid Wall Street professionals earned an average of 68.8 million dollars in 1986. Leader Michel David-Weill topped at 125 million with the group up 17.7 million from 1985 as markets surged and mergers accelerated.
The Supreme Court ruled 5 to 4 that stock fraud lawsuits may be settled by binding arbitration. The decision covers disputes between customers and brokers even when federal law violations are alleged in a New York City case against Shearson American Express Inc involving Eugene and Julia McMahon and Mary Ann McNulty.
The Treasury sold 6.6 billion in three month bills at a 5.59 percent discount and 6.6 billion in six month bills at 5.99 percent, both the lowest levels since May 11. The implied yields show 3 month bills at 5.76 percent and six month at 6.28 percent. The Federal Reserve reported one year bill yields at 6.91 percent, down from 6.95 percent.
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