Speakes and Two Aides Resign From White House Posts
Three presidential assistants leave under no scandal tie as spokesman Larry Speakes resigns to take a Merrill Lynch offer. Reagan accepts the resignations of Dr. T Burton Smith, the president’s physician, and Carlton T Turner, adviser on drug policy.
MENTIONED IN THIS ARTICLE
Washington
White House
Larry Speakes
Speakes
Merrill Lynch & Co
Wall Street
Reagan
T. Burton Smith
Carlton T. Turner
Smith
Los Angeles
Reagan says Cabinet to decide on Fifth Amendment testimony
President Reagan said he will allow his Cabinet officers to decide for themselves whether to invoke the Fifth Amendment if called to testify before the Senate Intelligence Committee. He added he has not given any thought to claiming executive privilege. Reagan defended two former aides who refused to testify, citing Constitutional privilege.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Senate Intelligence Committee
Oscar Arias
AIDS vaccine tested in apes shows promising protein fragment
Researchers report in Science that a small protein fragment from the AIDS virus can induce antibodies in animals and may be produced cheaply with engineered bacteria. Experiments in chimpanzees have begun, but human efficacy and safety trials remain years away. Dr. Robert Gallo notes encouraging early results and ongoing testing.
MENTIONED IN THIS ARTICLE
Washington
Science
Robert Gallo
National Cancer Institute
Gallo
Bank Board Officials Face Justice Dept Travel Probe
Federal Home Loan Bank Board top officials are under a Justice Department inquiry over travel and entertainment reimbursements received from the savings and loan industry they regulate. The Office of Government Ethics ordered an end to such reimbursements, a practice tied to the agency for 30 years. Chairman Edwin J. Gray has directed staff to repay about $27,000 in past expenses amid findings of irregularities in board records.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Bank Board
Justice Department
Savings and Loan
Office of Government Ethics
Bank Board
Federal Agency
Edwin J. Gray
S&l
Washington Post
Los Angeles Times
Shannon Fairbanks
Gray
Ethics Office
Freedom of Information Act
David H. Martin
Independent Ethics Office
Borger bank ordered shut
The Panhandle Bank and Trust Co. of Borger was ordered closed by the State Banking Commission. With $94 million in deposits, it becomes the 23rd Texas bank and 130th in the nation to close this year. The bank opened for liquidation under the FDIC after the 50 year old institution was declared insolvent due to loan losses exceeding capital.
MENTIONED IN THIS ARTICLE
Borger
Panhandle Bank & Trust Co
Texas
State Banking Commission
Amarillo National Bank
Julie Amberson
Federal Deposit Insurance Corp
Borger News-Herald
John F. Kennedy
First National Bank
Larry Chilton
Chilton
Unemployment claims decline in Odessa and Midland areas
Odessa TEC area manager Ron Norris reports 944 initial claims filed in November down from 1 253 in October and continuing claims down 5 313 from October to 11 971. In Midland 448 initial claims in November, down from 519 in October, with 120 hires at newly opened Sam's Warehouse.
MENTIONED IN THIS ARTICLE
Norris
Odessa
Midland
Joe Hatcher
Midland Tec
Hatcher
Sam's Warehouse
Also Mentioned on This Page
NSC
Frank Carlucci
Bridge Ae
Abby
Eveee
Chris Hopper
Spanky
Vicky Hopper
East Odessa
Tom Green Avenue
Chris
Benji
Borger Bank
TEC
Rris
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