BCCI Seeks Court Shield Amid Liquidation Fight
In New York, Touche Ross asked a federal bankruptcy judge to halt actions against Bank of Credit and Commerce International to protect assets while worldwide claims are sorted. Judge James Garrity granted a temporary restraining order and set an Aug. 9 hearing as regulators, led by the Bank of England, move to liquidate assets after the bank's seizure.
MENTIONED IN THIS ARTICLE
NEW York
Bank of Credit and Commerce International
Touche Ross
U.S
Manhattan
BCCI
James Garrity
United States
Garrity
Bank of England
Baker Sees Hope for Face to Face Talks on Middle East Peace
In Jerusalem, Baker said he is ready for direct negotiations with Israel and urged Palestinians to select their representatives. The PLO stressed the right to choose delegates and Jerusalem’s sovereignty being on the agenda, while Israel indicated East Jerusalem and non West Bank Gaza Palestinians should be excluded from talks. Israel’s Arens stated no reservations about Jerusalem natives now in Jordan.
MENTIONED IN THIS ARTICLE
Israel
Hussein
Baker
Jerusalem
Palestine Liberation Organization
PLO
Yitzhak Shamir
East Jerusalem
West Bank
Gaza
Shamir
Jordan
Moshe Arens
Senate panel backs landmark bank reform bill
The Senate Banking Committee endorsed a $70 billion Federal Deposit Insurance Corp loan plan and loosened 58 year old limits on owning banks and securities firms. The vote was 12 to 9, paving the way for full Senate action after a vacation break.
MENTIONED IN THIS ARTICLE
Washington
Federal Deposit Insurance Corp
Senate Banking Committee
Senate
Congress
Greece and Turkey to hold talks on Cyprus future
Residents welcomed President Bush's announcement of talks to end Cyprus division. Greece voiced hope while Turkey urged that Ankara keep influence in the island. A September U S meeting in Washington is planned if early talks narrow differences.
MENTIONED IN THIS ARTICLE
Nicosia
Cyprus
Bush
U.N
Greece
Turkey
Mediterranean
Ankara
Washington
United States
Maggie Pearson
State Department
New wetlands rules aim to trim federal protections
Washington AP report says after months of interagency dispute the Bush administration agreed on wetlands criteria. Vice President Quayle and EPA administrator Reilly shaped a compromise to drop millions of disputed acres from federal protection. The memo calls the criteria strict and fair and says non wetlands will be kept out of regulatory reach.
MENTIONED IN THIS ARTICLE
Washington
Bush
Dan Quayle
William K. Reilly
Environmental Protection Agency
Cease-fire Ordered After 80 Croatians Killed
Zagreb Yugoslavia AP reports the federal presidency calls for an army and Croatian militia cease-fire after 80 Croatian troops die in the fiercest fighting since Croatia declared independence six weeks prior. Mesic rejects the order, insisting no cease-fire while the army shields Serb rebels. Croatia forms a broad coalition government led by Franjo Gregoric as premier designate.
MENTIONED IN THIS ARTICLE
Zagreb
Yugoslavia
Croatia
Republic
Slovenia
Stipe Mesic
Mesic
Serbia
Franjo Tudjman
Croatian Democratic Union
Government
of Democratic Unity
Franjo Gregoric
Josip Manolic
Zivko Juzbasic
Jobless benefits extension heads to Bush veto showdown
Congress advanced a 5.8 billion extension to provide up to 20 extra weeks of unemployment benefits as the White House warned of a veto. The House approved the measure 375-45 and the Senate had earlier passed it, while critics tied the need to the improving economy.
MENTIONED IN THIS ARTICLE
Bush
Washington
Congress
White House
Senate
U.S
Southeast Asia
House
Jeaders
E. Clay Shaw Jr
R-Fla
David Bowler
Michigan
Senate OKs its $23,200 salary hike
The Senate approved a $23,200 pay raise for itself as part of a $2.3 billion legislative branch bill. President Bush was expected to sign. Several senators, including Reid Fowler Adams and McCain, asked to be recorded as voting no. Wellstone opposed the raise though not voting no. The raise narrows the gap with House pay from $101,900 to $125,100.
MENTIONED IN THIS ARTICLE
Washington
Senate
Bush
Legislative Branch of Government
House
Sens
Harry Reid
D-Nev
Appropriations
Wyche Fowler
D-Ga
Brock Adams
D-Wash
John McCain
R-Ariz
Paul Wellstone
D-Minn
Panel blasts D Amato conduct in office use case
The Senate Ethics Committee found Sen. Alfonso D Amato acted in an improper and in appropriate manner by letting his brother use his office for a defense contractor. The panel dismissed over a dozen other allegations and closed the 19 month probe with only a rebuke.
MENTIONED IN THIS ARTICLE
Washington
Senate Ethics Committee
Alfonso D'Amato
New York Republican
Warren Rudman
RBH
D’amato
Also Mentioned on This Page
Frederick
Enemy
Wester
Sears
Aera
Golden Mile Market Place
Chi Chi
Sen
Alfonse D'Amato
Lonseem
Frederick Road
Ellicott City
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