New York seeks 137M in taxes from Marc Rich
New York state Tax Commissioner Arthur Roth announced a collection action seeking 137 million dollars from Marc Rich for back taxes 1980 through 1982 plus 111.9 million in penalties and interest. The case ties to corporate control claims and civil penalties after Rich's 2001 pardon by President Clinton. Rich’s lawyer says he is willing to resolve civil penalties, while prosecutors note the pardon limits defenses.
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New York
Marc Rich
New York State
Arthur Roth
Chinton
Rich
Mani
US Aakot Ney Ilay
Roth
Clinton Administration
White House
Jack Quinn
Switzerland
United States
State Tax Department
Clinton
Mat Par
Clinton shares top donor list in probe review
Washington AP reporting congressional inquiry into pardons for dollars scrutinizes 150 top donors to Clinton era fundraising. Committee reviews names with no disclosure of attendee count or specifics while noting donors backed 1983 tax fraud and Iran deals connections. Denise Rich contributed millions to the foundation and Democratic Party, and to Hillary Clinton's Senate campaign.
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Washington
Iveepeiot
Clinton White House
Onse
House
Iran
Denise
Democratic Party
Hillary Rodham Clinton
Senate
Contaminated engineered corn seeds prompt recalls
Washington officials say a small portion of genetically engineered corn seed headed for sale has been found contaminated. The seed, approved for animal use only, was not planted and no human safety risk has been established. Agencies, seed companies, and farmers will wind down distribution as investigations continue.
MENTIONED IN THIS ARTICLE
Washington
National Corn Growers Association
Washington Post
Shave
Reed Knight
Agriculture At
Kevin Hi
Liew Ae
Incomes and Spending Rise in January Market Report
Ben Papment reported that incomes including wages interest and government benefits rose 0.6 percent in January after a 0.4 percent rise in spending which increased 0.7 percent. The personal savings rate turned negative to 10 percent and analysts noted the rate does not fully reflect household finances. Government factors lifted income while federal benefits to farmers were subtracted. Unemployment insurance claims rose 44,000 last week due to auto manufacturing layoffs and weather. Fed Chairman Greenspan cited consumer confidence as a key factor in future progress.
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Shar Janay
Speent Cnar Gen Ek Encoumte
Dee Ple
Ino
Gena
Ben = Papment
Wash Tetc
Wis Oh
ST Ay
Automatik
Senarte
Counin Fed
Alan Greenspan
Manufacturing dips more slowly in February index rise
The National Association of Purchasing Management reports the February manufacturing index at 41.9, up from 41.2 in January, signaling slower contraction. Norbert Ore of NAPM cautions one month does not confirm a trend as new orders decline more slowly, while the economy shows mixed signs including higher incomes and stronger January spending.
MENTIONED IN THIS ARTICLE
New York
National Association of Purchasing Mahagement
Federal Reserve
Alan Greenspan
NAPM
Norbert J. Ore
Purchasing Managers
Commerce Department
Construction spending up in January amid milder weather
The Commerce Department reports January construction spending rose 1.5 percent to a record annual rate of 830.5 billion dollars. Private spending climbed 1.8 percent led by residential gains and lower mortgage rates aided housing stability. Government outlays increased 0.6 percent, including military facilities and conservation projects.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
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