Banks push NOW accounts as overdraft shifts loom
The Federal Reserve proposes letting banks auto move funds from Savings to checking to cover overdrafts. Critics warn it could shrink mortgage credit and raise costs, while Fed attorneys defend legality since funds transfer without interest. The move targets NOW accounts testing in six New England states and could affect 5,700 banks under Fed and about 9,000 FDIC banks.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
United States League of Savings Associations
Fed
Norman Strunk
League
Federal Reserve
Senate Banking Committee
New England
Four kayakers complete 2100 mile Caribbean voyage to Florida
Beatrice Dowd and partner twin with two Britons paddled 2100 miles from Cristobal de Colon Venezuela to Miami in 17 foot kayaks. They faced capsizes three times, three hour open sea crossings, and a 1 foot shark encounter but thrived on deter mination. Benson replaced by Richard Gillett due to illness off Haiti.
MENTIONED IN THIS ARTICLE
Beatrice
John Dowd
Auckland
New Zealand
Ken Beard
Richard Gillett
Engined
Miami
Fla
Versacia
Beatrice Dowd
Venezuela
Florida
Caribbean
Cristobal de Colon
Dowds
Burton-on-Trent
Stephen Benson
Sussex
Benson
Haiti
Oxfordshire
England
Dowd
Congress probes hospital waste and price disparities
In Chicago Sen. Herman Talmadge cited a GAO study of 14 hospitals showing wide price gaps for identical supplies. Units ranged from 700 to 1,400 morphine tablets and bulbs priced per unit differently, with some hospitals paying cents yet others dollars for the same items. He spoke at a Health Insurance Institute convention.
MENTIONED IN THIS ARTICLE
Chicago
Herman E. Talmadge
D-Ga
General Accounting Office
GAO
Talmadge
Health Insurance Institue
Humphrey Institute receives 1 million gift from Japan
Washington AP reports the Hubert H. Humphrey Institute of Public Affairs will receive a $1 million gift from Japanese officials to be presented just after a House vote failure on federal funding for a Humphrey memorial. Rep. Bauman calls for restraint as the 219 to 137 vote blocked the measure.
MENTIONED IN THIS ARTICLE
Washington
Hubert H. Humphrey Institute of Public Affairs
Jme
House
Robert E. Bauman
R-Nd
Humphrey
Smithsonian Institution
Minnesota
Congress
Bauman
Hubert Humphrey
Sen
Muriel Humphrey
D-Minn
Hubert H. Humphrey
Woodrow Wilson International Center For Scholars
Why was I left to die editor's note Seattle stabbing survivor speaks
Stephen O'Ryan, 27, was accosted and stabbed on a Seattle street Dec 16, left for dead as passersby ignored his pleas. He crawled to safety, survived surgery, and now asks why the city showed indifference. He notes a black passerby later saved him, yet many witnesses looked away. He seeks an answer, not a moral.
MENTIONED IN THIS ARTICLE
Stephen O'Ryan
Seattle
Esetia O'Ryan
Seattle Post-Intelligencer
Boren
Yesler
Sway
Yealer
Lloyd’s Rocket Service
Also Mentioned on This Page
Ce William Miller
Federal Reserve System
Federal Deposit Insurance Corp
Savings and Loan Institutions
Howe
Carter
Astrostar
SUPE
Hes ET
E. Main
Mancock
Humphrey Institute
Japan
Law Enforcement Assistance Administration
Glenco Oil Co
Glenn E. Waltz Plumbing & Heating, Inc
E. Church St. Frederick, Md
By Stephen O'Ryan
Mie
Don Coward
Harp Place
Myersville
Carey
Auto Parts
RT. 40
K-Mart
Tool Rentals
the Mount
William H. Doherty
Small Business Institute
Graduate School of Business
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!