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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 05, 2002
Page
5
Census figures show women earned 73 cents for every dollar men made in 1999 with national medians of 38922 for men and 26292 for women. Experts cite child care breaks, occupation choices, and promotion bias as key factors while noting outsourcing of high paying manufacturing jobs.
General Motors chairman Jack Smith will retire in April 2003 when he reaches 65, per the firm's retirement policy. Smith, chairman since 1996, did not name his successor at the shareholder meeting while GM emphasizes improving quality and productivity amid pricing competition and strong truck sales.
The Kansas Livestock Assn and three cattle producers sue Norton County to strike down the confined animal feeding operation rules adopted in February. County commissioners John Miller Dean Kruse and Leroy Lang are named as defendants in Norton County District Court. The suit seeks to void stricter local air and water rules effective March 1 with permit deadlines extended to August 15. The commissioners must answer by June 21.
Federal Reserve Chairman Alan Greenspan warned that the U S economy will expand at a slower pace after a 5.6 percent annualized rebound in Q1. He aligned with forecasters predicting 3 to 4 percent growth for the rest of the year and noted unemployment near 6 percent, likely rising to about 6.5 percent before easing.
Knight Trading Group Inc faces SEC and NASD investigations after a former employee alleges improper trading during the tech boom. The firm denies wrongdoing, citing a sealed arbitration complaint by former institutional trading head Robert Stellato, as stated by CEO Thomas M. Joyce.
Dick Lind retired after 12 years as plant manager of the Lawrence nitrogen fertilizer facility east of Lawrence on Kansas Highway 10. The plant, once home to about 100 workers, has halted production for over a year and remains in shutdown mode. Company officials cited bankruptcy protections and cost controls as reasons for not filling the manager position, though top company leadership remains connected to the site.
Union leaders representing former Lawrence Farmland nitrogen plant workers meet with company officials on Monday to discuss a possible severance package for about 100 laid off employees. The talks come as the plant’s future remains tied to fertilizer market conditions and gas costs.
Dennis Kozlowski, former Tyco chairman and CEO, was charged with sales tax violations, tampering with evidence, and falsifying business records over about $13 million in paintings by Renoir and Monet. He pleaded innocent, posted $3 million bail, and prosecutors seek ongoing investigations into dealers and collectors.
United Parcel Service workers and Teamsters across the nation rallied outside more than 200 UPS facilities including the Atlanta headquarters as a July 31 deadline nears. President James P. Hoffa urged higher pay and more full-time jobs while company officials framed protests as part of ongoing negotiations and progress.
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