New Braunfels Herald Zeitung (Newspaper) - April 19, 2001, New Braunfels, Texas
Thursday, April 19, 2001 — Herald-Zeitung — Page 3A ,Federal Reserve lowers interest rates to 4.5 percent
WASHINGTON (AP) —Acting in an emergency conference call, the Federal Reserve moved Wednesday to bolster the flagging economy by cutting interest rates by half a point for the fourth time this year.
It marked the most aggressive credit easing during Federal Reserve Chairman Alan Greenspan’s nearly 14 years at the helm and sent a clear message that the central bank is prepared to do whatever it can to prevent a recession.
Wall Street, which had given up hope that the Fed would cut rates again before its meeting on May 15, soared on the news.
The Dow Jones industrial average enjoyed its third biggest one-day point gain in history, rising by 399.10 points, or 3.9 percent, to close at 10,615.83. The technology-heavy Nasdaq rose 8.1 percent, its fourth best percentage gain, to close at
“Tactically, this was a masterful stroke on the part of the Fed because the markets had completely eliminated the possibility of a Fed cut before the next meeting,” said David Jones, chief economist at Aubrey G. Lanston & Co. in New York.
The Fed’s decision to cut the federal funds rate, the inter
est that banks charge each other, to 4.5 percent will translate into lower borrowing costs for millions of Americans.
Commercial banks immediately followed suit with a halfpoint cut in their prime lending rate, pushing the benchmark for many consumer and business loans down to 7.5 percent, the lowest level in more than six years.
the Heiser home on Jan. 5, 2000. The Heisers were indicted by a Williamson County grand jury on March IO, 2000. The case has been moved to New Braunfels because of pre-trial publicity.
Testimony opened Wednesday with the cross-examination of Stephanie Smith, the first CPS investigator called to Liberty Hill Elementary School on Jan. 5, 2000, to look into the condition of the girl who is Joseph Heiser’s biological daughter and Yevette Heiser’s adopted child
Smith had testified Tuesday that Yevette Heiser showed no response when told that CPS had taken her oldest daughter to the hospital and contrasted that with the woman’s reported strong reaction when told her 15-month old daughter also was being taken.
The impression left in the Tuesday testimony was that the Heisers - particularly Mrs. Heiser - responded much differently with respect to the younger girl. The prosecution has suggested there were two standards of treatment for the children in the Heiser home.
Roy Minton, one of Yevette Heiser’s attorneys, assailed Smith’s account of the first meeting between CPS and the Heisers.
Minton asked Smith if Yevette Heiser’s seeming flat response to the investigator telling her that her daughter had been taken to the hospital hadn’t been because school officials had already told her.
“Think about it now,” Minton said. “Didn’t she tell you that she already knew
Adam W. Braune, age 80, of San Antonio, went to be with the Lord on April 18,
all these things you were telling her?”
“I did not know that she knew already,” Smith answered.
Later in the cross-examination, Joseph Heiser’s attorney, Ed Walsh, delved into Smith’s note-taking practices. Smith had testified that the girl told her on January 5 that she’d been fed at home the night before, but that information didn’t appear an where in Smith’s six-page affidavit. Smith didn’t recollect if that information had been in her notes, and she said she’d destroyed her notes shortly after writing up the affidavit. Walsh questioned that practice.
“Don’t you think that it would be important - that this jury would want to know that?” Walsh asked.
“Yes,” Smith replied.
Williamson County paramedic Paula Spiller was dispatched to the school to bring the emaciated child to the hospital.
“I’ve seen kids dying of cancer who looked similarly emaciated,” Spiller said. “Kids who have AIDS look like that.”
Joseph Wicker, the second CPS investigator to meet the girl, said he’d never in more than 1,000 cases seen a girl who looked like the one he met on Jan. 5, 2000.
“My initial reaction was she looked like a child who had walked out of the Holocaust,” Wicker said.
Liberty Hill Elementary School physical education teacher and cafeteria monitor Kim Moore described how she and other school employ-
2001. Arrangements pending with Mission Park South. Mission Park South of San Antonio
Beatrice “Bea” Justine OTbole Henne, beloved mother, grandmother, great-grandmother and friend, was called to be with the Lord on April 18, 2001, at the age of 95.
Beatrice was born on Oct. 4, 1905, in San Antonio but lived most of her life in Austin. In her younger days she enjoyed fishing, camping and being outdoors. “Ms. B,” as she was called by many, will truly be missed by all. She had a love for flowers, and Spring was one of her favorite times of the year. Her smile was contagious and could light up a room. Though she will be missed, there is an everlasting love in the hearts of all she touched.
She was preceded in death by one daughter, Mary Chaney Hughes, and two
sons, John W. Green Sr. and Theodore T. Green Jr.
She is survived by her daughter, Maida Meredith and husband, Jody, of Austin; daughters-in-law, Bessie Green, of New Braunfels, and Evelyn Green, of Houston; grandchildren, Debby Meredith, Sharon Bartels, Debbie Hargrave, John Green Jr., Todd Fellers, Pat Hermes, Tammy Nanney and Dickie Guthrie. She also is survived by 17 great-grandchildren and seven great-great-grand-children.
The family will receive friends from 6 p.m. to 8 p.m. Friday, April 20, 2001, at Harrell Funeral Home, 4435 Frontier Trail in Austin. Private graveside services will be at a later date.
Harrell Funeral Home of Austin
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ees would buy the girl milk or food until the school administration told her early in December 1999 that she had to stop on the basis of a doctor’s orders.
Under cross-examination, Moore said during that time the Heisers were packing their daughter lunches of from four to six sandwiches each day - and that the girl was eating them.
“We wondered why a student so small would have four sandwiches,” Moore said.
Moore said she discovered that the sandwiches, peanut butter and jelly early in the school year, had fingernailsized dots of peanut butter at each comer and a similar dab of jelly in the center “as if to hold the bread together.”
The defense has said the Heisers had the gild on a special diet to try to manage Attention Deficit Disorder.
On the day school officials called in CPS, Moore told Starnes she couldn’t believe
the condition of the girl.
“What did you see?” the prosecutor asked.
“I saw a bag of bones. I just burst into tears and ran out of the gym,” Moore said.
Today, Williamson County Sheriff’s Lt. Belinda Thompson testifies about the day the children were taken from the Heisers.
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