Bush warned to fix economy or face high costs
Economists from the Curry Foundation and Brookings warn that failure to address mounting corporate debt and the savings and loan crisis could cripple growth and U.S. living standards. They say 600 insolvent thrifts, mainly in Texas, threaten taxpayers and that the FSLIC should merge with the FDIC.
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UPI
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Curry Foundation
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Susan Irving
Harvard University
John F. Kennedy School of Government
Texas
George Bush
Robert Litan
Brookings Institution
Federal Savings and Loan Insurance Corp
Lian
Litan
FSLIC
Federal Deposit Insurance Corp
Benjamin Friedman
Harvard
Friedman
Austin to fill No 2 spot in national GOP
Jeanie Austin, head of the Florida Republican Party, was named the next No 2 official at the national GOP succeeding Maureen Reagan. She will work with Lee Atwater the new RNC chairman and plans to meet George Bush in Washington. Austin led Florida GOP since 1984 and helped Bush win Florida this year boosting national campaign efforts.
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UPI
Jeanie Austin
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Lee Atwater
George Bush
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Buddy MacKay
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Shuttle boosters perform well on Atlantis flight claim
NASA officials say Atlantis boosters with redesigned post-Challenger O ring seals worked great during Dec 2 launch. Aviation Week reports the Lacrosse spy satellite faced solar array deployment problems later resolved by a second radio command.
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Cape Canaveral
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UPI
Atlantis
NASA
Aviation Week
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Marshall Space Flight Center
Huntsville
Ala
The
Wall Street Journal
Aquino may run again in 1992 says brother
Manila Philippines UPI President Corazon Aquino's brother Congressman Jose Cojuangco says she may seek re election when her six year term ends in 1992 if the ruling party supports her He notes the nation faces stability and economic problems and that allies formed the Fight of the Democratic Filipino party to back her political machinery Possible aspirants include Speaker Ramon Mitra amid ongoing political maneuvering
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Manila
Philippines
UPI
Corazon Aquino
Friday Aquino
Jose Cojuangco
Fight of the
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Cojuangco
Ferdinand Marcos
Navy Captain to be Court-Martialed Over Refugee Rescue Decision
Capt. Alexander Balian former commander of the USS Dubuque faces seven counts of disobeying navy rules requiring ships to aid refugees in distress. Twenty eight refugees died in the South China Sea before Filipino fishermen rescued survivors. Trial set at Subic Bay in the Philippines. potential 14 years imprisonment and loss of retirement benefits if convicted.
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San Diego
Alexander Balian
USS
Dubuque
San Diego Union
South China Sea
Navy
Balian
Roger Rich
U.S. Navy
Philippines
Subic Bay
Vietnam
Japan
Snow blankets Appalachians and mid Atlantic as plane crash kills two
Up to six inches of snow spread from Tennessee to the mid-Atlantic as a low-pressure system moved across the Southeast. A small airplane carrying 40 pounds of cocaine and about $10,000 in cash crashed during the storm in Tennessee, killing the pilot and a passenger. Snow totals included Bluefield West Virginia six inches Dublin Virginia five inches and Pine Mountain State Park Kentucky nearly four. The National Weather Service warned of significant lake-effect snow near Erie and Ontario and issued advisories for New York and Ohio northeast. Authorities confirmed 18 kilograms of cocaine aboard and $10,000 in cash.
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Appalachians
Mid- Atlantic
Tennessee
Kentucky
North Carolina
Bluefield
W.va
Dublin
Pine Mountain State Park
National Weather Service
Great Lakes
Erie
Ontario
Ohio
New York State
Lake Ontario
NWS
Alcoa
Henry Gentry
Weekend Weather and Lottery Results
A Monday forecast shows snow chances in the north and rain or snow in the south, followed by partial cloudiness and a warming trend. Monday highs range from the 20s to the 30s with lows from 5 to 15 in the north and teens to lower 20s in the south, rising to 40s by Wednesday. Lottery draws: Illinois Daily Game 379, Pick Four 2764, Cash Five 4 10 16 17 27, Lotto grand prize estimate $12 million.
Market quotes and commodity futures snapshot
Today's closing commodity quotes show live beef and hog futures, soybeans, corn, wheat, and related markets. Notable values include Live Cattle Dec 71.82 Feb 71.57 Apr 73.75 Jun 73.75 and Soybeans Jan 7.732 Mar 7.854 May 7.882 July 7.8644 Aug 7.75 with other grains metals and softs listed.
MENTIONED IN THIS ARTICLE
Ssesat
Merchants Trading Company
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