Downed Las Vegas Plane Searched In Elko Mountains
Rescue teams from Hill Air Force Base and Elko County pursued a missing Scenic Flight 201 Cessna 402 after warnings of an emergency signal. Pilot Capt. Bill Stevens and one female passenger were aboard. the search paused at sundown amid heavy snow and rugged terrain.
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Elko Sheriffs Office
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Elko Airport
Bill Stevens
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Ruby Mountains
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Nevada banking limit sparks Proxmire proposal
UPI reports Senator William Proxmire moved to cap bank growth nationwide after Nevada’s banking sector concentrated deposits. The plan bars mergers or acquisitions exceeding 20 percent of a state's banking assets, with current large banks spared divestiture but barred from further growth. A separate Proxmire bill to consolidate federal banking regulators faced criticism from Ralph Nader and Allen Ferguson who urged stronger action.
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Washington
UPI
Nevada
William Proxmire
Senate Banking Committee
Proxmire
Ralph Nader
Allen R. Ferguson
Public Interest Economics Center
Concentration of Banking Ties Sparks Bipartisan Critique
A Senate discussion condemned secrecy by the Federal Reserve Board the OCC and the FDIC over bank inspections and audits. Regulators allegedly hid trouble spots allowing unsafe banks to fail while stockholders and depositors remained unaware. Proxmire warned of economic control by a few giants as data showed Nevada's five largest banks held 97 percent of deposits two years ago and similar high concentrations existed in Arizona Rhode Island Delaware Hawaii Alaska and the District of Columbia.
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Nevada
Federal Reserve Board
Federal Deposit Insurance Corp
Proxmire Bill Aims Limits on Bank Holding Firms
Ferguson says bank holding companies with new 1970 powers have heavily invested in farming oil and gas construction manufacturing transportation warehousing wholesale and retail trades hotels and services. The bill would curb their nonbanking activities and tighten operations.
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Idaho
Oregon
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Survey on sexual attitudes stirs Clark County readers
A Las Vegas Sun note describes Associate Professor Thomas G. Logan of UNLV releasing a survey to Clark County residents. The anonymous questionnaire aims to gauge sexual attitudes and behaviors, drawing mixed reactions from readers amid a year’s Youth Forum sponsored with the Clark County School District.
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Cop Talks Gunman Into Surrendering At Bowling Alley
In Fern Park Florida un armed Seminole County sheriff lieutenant Roy Hughey entered Indian Hills Bowl where Gerald Douglas Page 35 held three hostages in an armed robbery attempt. After a hostage relay a call was made and the gunman surrendered after more than an hour with two men and a woman freed.
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Fern Park
Fla
UPI
Seminole County
Gerald Douglas Page
Indian Hills
John Polk
Acronym Spotlight: From WIN to IRS in Public Ponderings
A concise look at how acronyms form from the initial letters of phrases. The piece cites WHIP Inflation Now and IRS as examples and considers their historical usage and public perception.
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IRS
Five IRS agents ordered to show cause in Las Vegas records raid
Five Internal Revenue Service agents faced a show cause order from Municipal Judge Seymore Brown for allegedly taking Las Vegas Municipal Court records during a Friday raid. District Attorney George Holt weighed possible charges while Judge Robert Moon Mullen alleged the records were stolen in a federal probe into bribe payments.
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Las Vegas
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George Holt
IRS
Robert ‘Moon’ Mullen
Mullen
Seymore Brown
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Hughes Mays
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Brown
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