Banks Trim Prime Rate Amid Market Relief
Chase Manhattan cut its prime rate by one point to 20.5 percent, matching Wells Fargo and signaling possible peak in rates. Several other banks followed with 20 percent, while some held at 21.5 percent as industry shifts unfold.
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New York
Chase Manhattan Bank
Wells Fargo Bank
San Francisco
Wells Fargo
Chase
Buffalo herd sighting southeast of town in Christmas display
Mark Sexton of the Kansas Fish and Game Commission says a 59 member buffalo herd has been moved to the game preserve north pasture and is visible from the river road near Sagebrush Estates. View mornings before 10 or 11 and toward evening. do not enter the pasture as the animals, though calm looking, are not tame.
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Mark Sexton
Kansas Fish and Game Commission
Main Street
Arkansas River
Buffalo
Sexton
Illinois farmer Block named as secretary of agriculture
Illinois farmer John R. Block, 45, director of the Illinois Department of Agriculture, is selected to head the U.S. Agriculture Department. Reagan has filled 15 Cabinet posts and now seeks an education secretary while promising to dismantle that department. Block’s farm near Gilson, Illinois, and support from Sen. Dole aided his confirmation.
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Washington
Illinois
John R. Block
Ronald Reagan
Block
Illinois Department of Agriculture
U.S. Agriculture Department
Reagan
New York Supreme Court
Samuel R. Pierce Jr
Jeane J. Kirkpatrick
U.S
United Nations
Colorado
James G. Watt
South Carolina
James B. Edwards
Pierce
Kirkpatrick
U.N
Department
Brock
Richard Richards
Utah
FBI
Gilson
West Point
Robert Dole
R-Kan
Iran allows Christmas service for U.S. hostages
Swiss diplomats say Iran will permit two Iranian clergymen to lead a Christmas service for 52 U.S. hostages in Tehran, likely in Farsi with no foreign attendance. Unclear if all captives will be gathered or if service will occur Christmas Eve or Day. Prime Minister Rajai protests Pope John Paul II remarks. An assassination attempt injuring Tehran prosecutor Ayatollah Mosavi-Ardabili is reported by Pars. Forghan guerrillas claim more attacks. group seeks clergy removal from politics.
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Associated Press
Iran
U.S
Tehran
Mohammad Ali Rajai
Vatican
John Paul II
John Paul
Pars
Ayatollah Abdul Karim Mosavi-Ardabili
Beirut
Motions seek overturning of first degree murder conviction
Richard Salem, 26, faces hearings in Ford County District Court on Wednesday as defense seeks a new trial or acquittal. Salem was convicted Dec 11 of the Aug 6 killing of Alan Watson in Cimarron and related charges. Key testimony included Patty Watson and Rudolph Barron Jr., who pleaded guilty to related charges.
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Cimarron
Dodge City
Ford County District Court
Richard Salem
Salem
Alan Watson
Alan
Patty Watson
David Patton
Glenn Kerbs
Don Smith
Smith
Gray County
Curt Campbell
Rudolph Barron Jr
Watson
Barron
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