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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jan 22, 1991
Page
8
Frederick Maryland newspaper entry dated Tuesday January 22 1991 captures local brief notices and headlines from AB The News including community events and brief updates affecting residents. The item highlights routine city happenings and upcoming local deadlines with standard newsroom tone.
GAO report finds slipshod oversight by savings and loan regulators led to $964,969 in extra servicing costs for 1,800 Freedom Savings and Loan loans. RTC failed to curb center staffing and switched loans late, raising monthly processing costs from 20 to 120 dollars per loan.
Washington plans to scale back federal deposit insurance and allow greater interstate bank operations. The package, led by Robert Glauber, proposes a $160,000 total coverage cap and early regulatory intervention. Banks may enter related businesses if well capitalized, with debates on selling insurance ongoing.
Chrysler Chairman Lee Iacocca announced a cost-cutting program expansion from 2.5 billion to 3 billion. Analysts say the measure aims to trim excess costs while preserving product lines, with expected big quarterly losses for the Big Three and production slated for the LH mid-size car in 1993.
Du Pont introduces a new line of Suva refrigerants aimed at replacing chlorofluorocarbons. The products promise low or zero ozone depletion potential for use in commercial, industrial, automotive, and home cooling systems, with blends planned for existing and new setups.
IBM grants Montgomery County a 50 thousand dollar award to Interages for expanding the GRANDCARE program training older adults as paid child care center workers. The project links seniors with youngsters through a grandparent figure while addressing staffing shortages. Orientation starts February 4. 55 plus participants call 949 3551. Interages runs Montgomery County Intergenerational Resource Center.
AP dispatch lists wheat corn oats and soybeans with open high low and last prices plus changes. Futures activity shows March May and July positions, with Friday sales and open interest figures for each grain.
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