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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 24, 1996
Page
3
Washington Treasury delays the first sale of new 10 year inflation protected notes after indicating a brief postponement. The bonds will guarantee a return and adjust with the Consumer Price Index. Denominations start at $1000 and aim to appeal to self directed retirement plans.
Missouri based Trans World Airlines plans to shrink its costly Kennedy Airport international hub in New York while expanding international operations at Lambert Airport in St. Louis. Rod Brandt says reduced New York activity is essential for survival and long range growth aims to lure Western travelers to fly international from Lambert rather than New York. TWA will end 747 service as a symbol of its shrinking trans Atlantic footprint.
The Machinists union files a $50 million suit against Walt Disney Pictures alleging the movie Ransom harms the union’s reputation. The suit targets the film’s portrayal of a corrupt union official and its linkage to an airline kidnapping plot. The IAMAW, based in Upper Marlboro, Md, represents about 700,000 members.
A gift-wrapped package outside attorney Jack Jacobson's Santa Cruz office exploded on Monday. FBI spokesman George Grotz confirmed the incident. Jacobson, who later went into his office, had one hand blown off and suffered facial and chest cuts. He was taken to Stanford Medical Center. no other injuries were reported.
An explosion at Wyman Gordon Forging Co near Houston killed eight workers and injured two others who remain in stable condition. Maintenance on large pressurized tanks caused the blast, sending body parts up to 100 yards. OSHA has no current complaints or inspections since 1994.
Sixteen year old Chaz Cope must leave Youngtown Arizona by January 19 after the town council ordered eviction to enforce an age rule requiring residents 55 or older. The case raised tensions between elderly residents craving quiet and supporters who say the boy fled abuse and should be sheltered.
ATLANTA av A businessman who placed gum and candy machines nationwide to fund March of Dimes was allowed to keep 2 million dollars after financial troubles in 1997. Michael L. Curtis agreed to repay money from 1991 sales over 20 years but has made only one payment. Curtis served on the charity board while owing money, prompting watchdog scrutiny. He has since resigned. The group calls it an interest free loan with potential conflict of interest. The charity aims to recoup all sums due from Curtis' company.
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