Bad Investments Feared In Pension Fund
Washington senior lawmakers warn the $1.4 billion Teamsters Central States Pension Fund may have lost up to half its assets to bad investments. Senator Charles Percy cites fears of losses between $500 million and $700 million due to loans to Las Vegas casinos, dog tracks, and risky real estate. The hearings also explore added oversight and possible charges against past trustees as Labor Secretary Ray Marshall supports the negotiated reorganization.
MENTIONED IN THIS ARTICLE
Washington
UPI
Charles Percy
R-Ill
Teamsters Central States Pension Fund
Percy
Senate Permanent Investigations Subcommittee
Labor
Ray Marshall
Senate Panel
House
Ways and Means Oversight Subcommittee
Teamsters
Frank
Fitzsimmons
Pension Fund
Labor Department
Teamsters Pension Fund
Las Vegas
Central States Fund
Marshall
Arson probe after fire at abandoned Times Square Motel
A mid afternoon blaze confined to two rooms at the abandoned Times Square Motel near Las Vegas Boulevard South and Flamingo Road is under investigation for possible arson. Seven Metropolitan Fire Department units responded, extinguishing the fire in under 15 minutes with no injuries.
MENTIONED IN THIS ARTICLE
SUN
Times Square
Las Vegas Boulevard
Flamingo Road
Flamingo Hilton
MGM Hotel
Metropolitan Fire Department
Fire Department
Gary Hunt
MGM and
Hilton Hotel
Clark County Commission
Clark County Planning Commission
Jackie Gaughan
el Cortez
Michael Gaughan
Tito Tiberti
Las Vegas
Frank Toti
Royal Inn
Kenny Epstein
Gaughan
Las Vegas Boulevard South
Senator Slams Neutron Bomb Conference in Las Vegas
Senator McGovern addressed a nutrition conference at the Las Vegas Hilton criticizing public health policy. He cited reports of per capita U S fat and sugar consumption and urged HEW and USDA action. The event hosts over 3 000 delegates from retailers manufacturers educators economists and international nutrition industries with about 350 exhibits.
MENTIONED IN THIS ARTICLE
Washington
HEW
US Department of Health, Education, and Welfare
USDA
U.S. Department of Agriculture
Nutritional Foods
Australia
New Zealand
Great Britain
Sweep
France
Germany
Japan
Can
Nobel laureate Pauling issues cautious view on laetrile
Linus Pauling urged caution on the cancer drug laetrile and Gerovital therapy while noting limited FDA reviews and AMA condemnation as worthless. He spoke during a four day conference of 3 000 industry and health professionals at the Hilton, receiving the 1977 Rachel Carson Award for ecology and preventative nutrition.
MENTIONED IN THIS ARTICLE
US Food and Drug Administration
American Medical Association
Pauling
Nevada
Rachel Carson
Hilton
US Oil Recovery Seen Limited Despite Higher Prices
A Congress OTA survey of US reserves in the lower 48 states and offshore concludes overall recovery may top 17 percent at best, possibly as low as 4 percent if prices stay in check. Total reserves are about 300 billion barrels with enhanced techniques potentially adding 11.4 to 29.4 billion barrels depending on effectiveness.
MENTIONED IN THIS ARTICLE
Washington
UPS
Congressional
America
Congressional Office of Technology and Assessment
Transfers From San Quentin Trigger Fresh Battle at Folsom
At Folsom Prison a black and white inmate clash broke out in an exercise yard. Guards fired 10 shots and four non lethal projectiles to separate eight white and eight black inmates. No major injuries reported.
MENTIONED IN THIS ARTICLE
Folsom
Calif
UPI
San Quentin
Folsom Prison
Stewart Potter
Potter
Also Mentioned on This Page
Sar
Bolte
Tricia White
Sunfoto
Stan Clawson
Linus Pauling
U.S
Sufoto
Cliff Stanley
Pete O'Conner
Jones and Oakey
O'Conner
New Fight
L, B&f
Usda Choice
Sktois
New York
ROUND
Sirloin
Boston Butt Roast
U.S.A
Chicago
Corn Belt
S. Highland
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