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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 13, 2002
Page
19
Microsoft disclosed a security flaw in its flagship Word product that could enable theft of computer files when a document is bugged with hidden code. The attack starts with a revision request sent by email, and when the recipient updates and returns the document, the target file travels along with it.
The FCC voted 4-0 to begin a broad review of media ownership rules. The agency will study restrictions on owning newspapers and radio and TV stations amid a market changed by the internet, satellite, and cable television. Critics warn looser rules could concentrate control, while supporters say rules hinder growth.
The Internal Revenue Service announces a new audit approach aimed at wealthy individuals and taxpayers using tax avoidance methods such as offshore bank issued credit cards. The plan, unveiled Thursday, seeks to uncover income hiding and avoidance tactics rather than mere return errors.
A group of Goodyear Tire & Rubber Co. workers filed a lawsuit in Akron alleging the company's employee evaluation system discriminates against older workers. Goodyear denies discrimination and says it will revise the system. The case involves retirees and is linked to Goodyear's Topeka production facility.
Diamond Head Limited Partnership seeks to rezone 67 acres at the southeast corner of Sixth Street and the South Lawrence Trafficway for 32.71 acres to planned commercial development 12.83 acres to RM-2 for apartments 14.467 acres to RM-1 for mix of housing and 7.013 acres to RO-2 for offices. Plans call for residential start within a year and potential retail later, with road improvements needed before heavy commercial development.
Federal Reserve Chairman Alan Greenspan testified that terror attacks and a steep stock market drop still depress the economy but rejected Democratic calls to rescind part of the 1.35 trillion in tax cuts over the next decade. He urged a trigger mechanism linking future tax or spending changes to surplus gains while noting a deficit outlook and reduced revenue.
Three ex Tyco leaders Kozlowski Swartz and Belnick face enterprise corruption grand larceny and falsifying records charges. They pleaded not guilty at arraignment as prosecutors seek long prison terms and heavy bonds. Prosecutors allege millions in loans compensation were hidden from investors and board. The SEC also accuses them of undisclosed sweetheart loans and misuse of employee loan funds for yachts art and luxury purchases.
The broad current account deficit rose to a record 130 billion dollars in the April to June period, driven by strong American demand for imported cars and goods. The figure surpassed the prior quarterly high of 112.5 billion dollars set earlier this year, defying many analyst forecasts of about 126 billion.
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