Banks scuttle plan to aid New York City
Governor Hugh Carey and Mayor Abraham Beame proposed sharing budgetary power to obtain a $1 billion state loan guarantee from three major New York banks. The banks balked within hours, undermining the plan to avert a debt default. Carey planned a news conference to outline a new approach.
MENTIONED IN THIS ARTICLE
New York
UPI
Hugh Carey
Abraham Beame
New York City
Beame
Carey-Beame
Carey
Banks reject state plan to back city bonds
First National City Bank Chase Manhattan Bank and Morgan Guaranty Trust Co. said they told state officials that a government guarantee for the Municipal Assistance Corp. was impossible. Gov Carey said he was unaware of the bankers opposition as the plan faced constitutional hurdles and a potential private purchase to back state credit.
MENTIONED IN THIS ARTICLE
Beame
Arthur Levitt
First National Cit Bank
Chase Manhattan Ban
Morgan Guaranty Trust Co
Carey
Municipal Assistance Corp
Albany
Officials warn of new inflation trend
Washington officials warn inflation could reappear and jeopardize the economic recovery. Commerce Secretary Morton notes progress from recession but sees a long path ahead while Treasury Undersecretary Yeo cautions a consumer boom could derail recovery if personal savings shift unexpectedly.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce
Rogers C. B. Morton
Treasury
Edwin Yeo
United States
Bilingual ballots eyed for 40 California counties
California officials say new Voting Rights Act amendments could force bilingual ballots in about 40 counties. San Francisco may require four languages, with Spanish Japanese Chinese and Tagalog among those listed, as the Justice Department cites minority thresholds.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
California
March Fong Ei EU
San Francisco
Justice Department
Inyo
Alameda
Amador
Colusa
Contra Costa
Fresno
Imperial
Kern
Kings
Lassen
Los Angeles
Madera
Marin
Merced
Modoc
Monterrey
Napa
Orange
Placer
Riverside
San Benito
San Bernardino
San Diego
San Joaquin
San Luis Obispo
San Mateo
Santa Barbara
Santa Clara
Santa Cruz
Sierra
Solano
Sonoma
Sutter
Tulare
Tuolumne
Ventura
Yolo
Yuba
Scent Dogs Track Hoffa In Giacalone Car
FBI scent dogs picked up what the Detroit Free Press described as Hoffa’s scent in the back seat and trunk of a car owned by Joseph Giacalone son of Anthony Giacalone. The car had been borrowed by Chuckie OBrien the day Hoffa vanished. The dogs reportedly reacted positively to all tests as agents tested the vehicle for blood and other signs.
MENTIONED IN THIS ARTICLE
Detroit
API
Teamsters
James Hoffa
Anthony
Tony Jack
Giacalone
Detroit Free Press
FBI
Hoffa
Joseph
Teamsters International Union
Charles Chuckie’ O’brien
O’brien
Arkansas
Florida
O'Brien
Frank E
Fitzsimmons
Free Press
Senate confirms new state safety chief
The California Senate Rules Committee recommends David L. Chambers for chief of the Division of Industrial Safety after hearing charges from former union associates. The panel also backs Virginia M. Days for Veterans Affairs director and Martin R. Glick for Employment Development Department head, with 30 votes backing each nomination.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Senate Rules Committee
David L. Chambers
State Division of Industrial Safety
International Machinists Union
al J. Baffone
Chambers
San Diego
Baffone
California
Senate
James R. Mills
Virginia M. Days
Veterans Affairs
Martin R. Glick
James Loren
Coastline Commission eyes 5 000 acres in Los Angeles Orange counties
The State Coastline Commission plans to spend up to 60 percent of land purchase funds to acquire about 31 sites totaling roughly 5 000 acres in Los Angeles and Orange counties. Key parcels include Malibu area land for beach access, a 350 acre Marina del Rey tract owned by Howard Hughes, and most Irvine Ranch shoreline, with total costs projected at 125 to 150 million dollars.
MENTIONED IN THIS ARTICLE
Inglewood
UPI
State Coastline Commission
California
Los Angeles
Orange Counties
Commission
Malibu
Marina del Rey
Howard Hughes
Irvine Ranch
Orange County
South Coast
Bolsa Chica Marsh
Seal Beach
Huntington Beach
Navy fleet deemed in atrocious condition by Aspin
Rep. Aspin released unclassified inspection findings showing 10,601 defects on two submarines and 20 other ships. The Alexander Hamilton and Nathan Hale featured rust, faulty systems, and dirty pantries while the Nimitz carrier faced vent and sprinkler risks. Navy comment was unavailable.
MENTIONED IN THIS ARTICLE
Washington
UPI
Wis
U.S
Aspin
Polaris
Alexander Hamilton
Nathan Hale
Navy
Nimitz
Board of Inspection and Survey
Also Mentioned on This Page
Morton
Agriculture Department
Terry Crawford
Crawford
Andrew Weiser
Berkeley
John Taylor
Taylor
International Association of Firefighters Local 55
Coastal Commission
Charleston
W.va
United Mine Workers
Appalachia
K.K. Hall
The
International
UMW
Hall
West Virginia
Kentucky
Ohio
Virginia
Pennsylvania
Chessie System
Norfolk & Western Railway Co
Here
Hughes
Marina del Rey Channel
Ballona Creek
Point Dume
Malibu Bluff
Topanga Canyon
Palos Verdes Peninsula
Ft. MacArthur
San Pedro
San Gabriel River
School of Ballet
Sue Dalton
U.S. Fleet
Nesses
Ann’ S Place
Mission Drive
Denmarket Sq
W. Laurel
Mastro
I” Street
Redwood House Plant CO
Lompoc Plaza
Jcpenney
Cas
Uc Ulile
United Church Learning Center
Kristi
Danskin
Linnett’s
Cnet
Lompoc Shopping Center
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