Kerry proposes raising retirement age to 70
Senator Bob Kerrey unveiled a deficit cutting plan that includes raising Social Security and Medicare retirement ages to 70, capping tax deductions at 28 percent, means testing most entitlements, and diverting 1.5 percentage points of Social Security payroll tax into individually managed accounts. The plan faces stiff hurdles with a 32 member Bipartisan Commission and opposition from groups like AFL CIO and AARP.
MENTIONED IN THIS ARTICLE
Washington
Bob Kerrey
Bipartisan Commission On
United Mine Workers
Richard Trumka
Bill Archer
R-Texas
Pete Domenici
R-N.m
Trumka
Commission
Kiki de la Garza
Texas
Kerrey
D-Neb
John Danforth
R-Mo
Social Security
Medicare
Orange County defaults on 110 million pension bond
Santa Ana California AP report notes Orange County first default tied to its troubled investment pool. The county missed a 110 million pension obligation due from the Orange County Taxable Pension Obligation Bonds Series B. Moody's lowered the rating to Can as audits warned of risky investments and Treasurer Citron resigned amid the chapter of bankruptcy.
MENTIONED IN THIS ARTICLE
Santa Ana
Calif
Orange County
Ernie Schneider
California
Moody's Investors Service
Moody's
Los Angeles Times
Orange County Reg
Fire kills 300 at Xinjiang cinema in Kalamayi tragedy
A devastating blaze at the Friendship Theater in Kalamayi Xinjiang province killed over 300 children and teachers during a variety show. More than 100 injured, officials warn toll may rise as investigation notes a possible short circuit. Xinhua cited a shifting figure from local authorities.
MENTIONED IN THIS ARTICLE
Xinhua
Foreign Affairs Office
Kalamayi
Mr. Sun
Judge steps down from Hubbell Whitewater case in Arkansas
US District Judge William R Wilson Jr recused himself from sentencing former Associate Attorney General Webb Hubbell in the Whitewater probe citing a close relationship with President Clinton and Hillary Rodham Clinton. He acknowledged both men are Clinton appointees and personal friends.
MENTIONED IN THIS ARTICLE
Little Rock, Ark
Webb Hubbell
Whitewater
Clinton
William R Wilson Jr
Hubbell
Wilson
Hillary Rodham Clinton
Murder stats show black youths bear high homicide risk
Washington AP reports government figures from 1992 showing young black males age 12 to 24 faced a homicide rate of 114.9 per 100,000, far above the general population rate of 8.5. They comprised 17.7 percent of victims while only 1.3 percent of the population, with white youths at 117 per 100,000 and black men over 24 at 67.5 per 100,000.
MENTIONED IN THIS ARTICLE
Washington
U.S
Justice Department
S Bureau of Justice Statistics
Stamp recalling atomic bombing scrapped after pressure
The U S Postal Service abandons a planned mushroom cloud stamp recalling Japan bombing under White House and diplomatic pressure. Postmaster General Marvin Runyon cites U S Japan relations and Clinton's views. The new design will show President Truman preparing to announce the war's end.
MENTIONED IN THIS ARTICLE
Washington
White House
Japan
Clinton
Marvin Runyon
Truman
Dow tumbles as traders fear higher rates in Grange Bank shakeout
The Dow Jones fell 49.79 points to 3685.73 as nervous investors dumped stocks amid worries over higher interest rates and the Grange County bankruptcy. Computer-guided selling intensified losses in the final hour while bonds, after steering the market earlier, recovered mid-session.
MENTIONED IN THIS ARTICLE
New York
Grange County
Dow
Nobel Peace Prize ceremony amid Oslo protests
In Oslo the Nobel Peace Prize is awarded to Yasser Arafat Yitzhak Rabin and Shimon Peres as Israel PLO talks stall amid violence. Protesters including Rabbi Avi Weiss clash outside the Nobel Institute while Rabin and Peres plan weekend talks with Arafat to push Palestinian autonomy and troop withdrawal.
MENTIONED IN THIS ARTICLE
Oslo
Norway
Yasser Arafat
Yitzhak Rabin
Shimon Peres
Avi Weiss
New York
Nobel Institute
Qslo
Weiss
Dov Hikind
New York State
Israel
Gaza Strip
West Bank
Jericho
Rabin
Peres
Arafat
Egypt
Suha
PLO
Israel Radio
Gaza-Jericho
Chiapas governor sworn in amid rebel threats in Chiapas
Eduardo Robledo Rincon was sworn in as Chiapas governor as rebels threatened a new uprising and demanded the area disarm. He pledged to resign immediately if guerrillas disarm, insisting the people want peace while security was tight at the National Theatre in Tuxtla Gutierrez with President Zedillo in attendance.
MENTIONED IN THIS ARTICLE
Tuxtla Gutierrez
Mexico
Eduardo Robledo Rincon
Mr. Robledo
Chiapas
Ernesto Zedillo
Zedillo
Institutional Revolutionary Party
Robledo
National Theatre
Mexico City
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Vf Amas
North Market St
Archive
Direct Factory Outlet
Bostonian
Packard Bell
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Suez
Waverly
Frederick
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Omi Stamner
Dorchester
Futura E.R. Air Bike
Bob Twigg
Bicycle & Fitness
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American Pawnbrokers
W. Patrick St
Creekside Cafe
Colonial Jewelers
Patick Street