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New Castle News in New Castle, Pennsylvania

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Articles on This Page

This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

New Castle News

Location

New Castle, Pennsylvania, United States of America

Date

Feb 26, 1990

Page

1

Chamorro Upsets Ortega In Nicaragua Election

UPI reports Violeta Chamorro, backed by the opposition UNO, defeats Daniel Ortega as Sandinistas concede gradually. Early results show UNO leading 54.8 to 41.5 with 61 percent of stations counted, signaling a peaceful transfer of power aligns with a new political direction.

Chamorro Ortega Managua Nicaragua UPI Violeta Chamorro Daniel Ortega Supreme Electoral Council Union UNO Marlin Fitzwater Bush Washington White House

Fiery Ohio crash kills nine in whiteout on I 75

A chain reaction wreck in a blinding storm on Interstate 75 near Tipp City, Ohio, killed nine and injured about fifty as officials called it the worst crash they had seen. Witnesses described a wall of vehicles amid drifting snow and zero visibility, with thick fire delaying rescue efforts.

Tipp City Piqua Post Ohio Highway Patrol Ohio Canada Miami County Gordon Felgner Toledo Felgner

Pension doubts rise over retirement security in series

Washington reports rising concerns about pension security as workers rely on promised retirement benefits. The piece notes private defined benefit plans promise up to $2,165 per month for about 40 million workers and retirees, with Social Security acting as a safety net. Pensions totaled $220 billion in 1988, $72 billion more than Social Security, highlighting the critical role of pensions in golden years.

Washington U.S

Pensions face trillions in trouble over government guarantees

The article questions the security of pension promises backed by the federal government, comparing them to insured bank and savings accounts. It notes the S L I bailout shows guarantees depend on Congress funding, and cites a shift from defined benefit plans to insured annuities or defined contribution schemes like 401(k) plans.

Savings and Loan Savings and Loan Insurance Fund Congress

Pension funding totals and PBGC projections

Pension statistics show private sector plans with 872000 defined benefit plans and 638000 defined contribution plans. 187900 plans are fully funded or overfunded while 107000 are insured by the federal government. PBGC assets are 3 billion with liabilities of 4 billion and a current deficit near 1 billion. Projections for 2004 range from 1.5 to 6 billion in underfunding depending on outcomes.

Pension Benefit Guaranty Corp PBGC Department of Labor Offic

Abutting business damaged after South Side fire blaze

A vacant South Side building at 1231 S Mill St burned yesterday afternoon prompting a state fire marshal inquiry. The two story structure caused about 20 000 in damage with six hours on scene. The Dairy Lunch next door owned by Robert Davis also sustained damage and had prior arson losses earlier this month totaling about 25 000.

S. Mill St Robert Davis W. Washington St James Shaffie

Exxon plea bargain deal revealed in Alaska

Exxon faces a proposed plea bargain with the Justice Department to have a White House appointed administrator oversee up to 550 million dollars in restitution payments over seven years for the Exxon Valdez spill. The draft agreement, viewed by UPI, would also limit federal civil liability and prevent suits for four years while permitting environmental restoration spending under government oversight.

Anchorage Alaska Exxon Douglas Baily Justice Department Baily Richard Stewart U.S. Attorney General U.S

Sajudis Triumphs In Free Lithuanian Election

In Vilnius 90 of 141 parliamentary seats were filled with Sajudis members as they won Lithuania's first free multi-party election in seven decades. The Independent Communist Party and pro Moscow faction won a few seats, while Sajudis leader Vytautas Landsbergis warned against broad powers for Gorbachev potentially blocking Lithuanian independence. Brazauskas secured a large margin seat as talks with Moscow were planned.

Vilnius U.S.S.R UPI Tass Cheslavas Jurshenas Lithuania Council of Ministers New Independent Communist Party Moscow Soviet Union Sajudis Vytautis Landsbergis Mikhail Gorbachev Gorbachev Landsbergis

Death notices listing several individuals on Feb 26 1990

Death record lists Hilbert Bennett 65 at 926 Marshall Ave Andrew DiLorenzo 67 315 N Cascade Mae E Donegan 101 Antioch John McCreary 56 Grand Rapids Carolyn E McCrudden 82 Youngstown John Murdock 80 Grove City RD 4 Russell H Parks 62 Ellwood City RD 1 all noted in the Feb 26 1990 irs.

Irs Hilbert Bennett Marshall Ave Andrew DiLorenzo Cascade St Mae E. Donegan Antioch Calif John McCreary Grand Rapids Mich Carolyn E. McCrudden Youngstown John Murdock Grove City Russell H. Parks Ellwood City

Also Mentioned on This Page

Jimmy Carter ABC Television America Trinity Presbyterian Church Troy Red Cross Larry Zaborowski Highway Patrol Gary Mitchell Wood County Akron Erlene Pryor Imogene Atkinson Harold Pennington District 6 Randy Wynn Herb Saxton South Mill Street Independent Communist Party of Lithuania
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