Tax lease dispute delays buyback deals across industries
GE faced a $50 million tax bill after not using all credits in 1981, but credits tied to past years yielded about $150 million refund. The provision cost the Treasury around $3 billion, sparking Sen. Dole to threaten retroactive changes. Airlines, steel, and manufacturing firms warn changes could halt modernization and plans to buy new equipment, while some defend safe harbor leasing as aiding productivity and employment during recession.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Chrysler Corp
Eastern Airlines
Continental Airlines
RCA Corp
Amtrak
Treasury
Morgan Guaranty Trust Co
New York
Robert Dole
Senate Finance Committee
Dole
Kansas Republican
Bethlehem Steel Corp
Donald H. Trautlein
Carl Munson
Boeing Co
Bentsen Pac Money Record Amid PAC Debates
The tribute notes Bentsen collected nearly 290000 in PAC money, more than any other senator, highlighting PAC influence amid reform debates. Critics say PACs seek influence while supporters cite varied donor sources. Devore says Bentsen welcomes contributions from business PACs and individuals.
MENTIONED IN THIS ARTICLE
Bentsen
Congress
Jack Devore
Asham
Texas senators duel in high stakes fundraising
The report highlights Sen. Bentsen’s backing from business leaders and oil and energy financiers, noting PAC and individual contributions, stock wealth, and committee roles. It contrasts Collins’ wealth and fundraising ability with Bentsen, and cites expert warnings about fundraising practices and campaign carryovers.
MENTIONED IN THIS ARTICLE
Collins
House
Senate
Friends of
Jim Collins
Malbin
Texas
20 Die as Illinois Guard KC-135 Crashes in Farm Field
An Illinois National Guard KC-135 crashed Friday night in a rural area near Woodstock killing all 20 aboard. Seven crew and 13 passengers perished when the jet went down in a muddy field between 9 and 9:30 p.m. CST, far from houses, after departing K.I. Sawyer AFB bound for O’Hare. Police confirmed the death toll and noted the crash site’s isolation.
MENTIONED IN THIS ARTICLE
Woodstock
Ill
Illinois National Guard
Illinois
Michael Fischer
Chicago
K.I. Sawyer Air Force Base
Michigan
O'Hare
Military
Federal Aviation Administration
Wisconsin Assembly approves ERA ban on sex discrimination
The Wisconsin Assembly voted 80 to 14 to approve a proposed state constitutional amendment to prohibit sex discrimination. It sent the measure to the Senate for action on Assembly language. Gov Lee Dreyfus and Wisconsin Citizens Concerned for Life endorsed the Assembly’s language.
MENTIONED IN THIS ARTICLE
M Dison
Wis
Wisconsin Assembly
Senate
Assembly
Lee Dreyfus
Wisconsin Citizens Concerned For Life
Odessa American daily delivery rates and mail notices
The Odessa American lists daily and Sunday home delivery options with yearly, three month, and one month rates. It provides postal details, post office box address, and a delivery problem contact number, along with weekend service hours.
MENTIONED IN THIS ARTICLE
Odessa American
Odessa
Texas
P.O
Wits
Cooler weekend forecast for Odessa and region
A Pacific cold front reduces Texas temperatures with highs in the 60s to 70s behind the front and 80s to 90s ahead. Forecasters expect partly cloudy skies and cooler conditions through Sunday across the state. Tornadoes in the panhandles and parts of Oklahoma caused injuries and damage, including seven injuries in Beaver County Oklahoma.
MENTIONED IN THIS ARTICLE
Odessa
Texas
Oklahoma Panhandles
Southwestern
Kansas
Beaver County
Oklahoma Panhandle
National Weather Service
Midland Regional
North
Coast
Rio Grande Valley
West
Panhandle
Pep Abilene
Alice
Alpine
Amarillo
Austin
Beaumont
Brownsville
Childress
College Station
Corpus Christi
Dathart
Dallas
del Rio
el Paso
Ft Worth
Galveston
Houston
Longview
Lubbock
Lufkin
Marfa
McAllen
Midland
Mineral Wells
Palacios
Presidio
San Angelo
San Antonio
Shreveport
Stephenville
Texarkana
Tyler
Victoria
Waco
Wichita Falls
Wink
Seattle Volcano Eruption Threat Escalates After Crater Loss
Officials report a Seattle volcano vented at 9 28 p m and lost a crater station minutes later spokesman Chris Trisler says the quiet volcano has seen six major eruptions since a deadly blast that killed or missing about 60 and leveled timber. USGS and university geophysics center issued an eruption alert after crater floor deformation and continuous monitoring.
MENTIONED IN THIS ARTICLE
Seattle
Chris Trisler
U.S. Geological Survey
The
University Geophysics Center
Seismic Activity and Red Zone Tightened Near Volcano
USGS geologist Kathy Cashman reported good daytime visibility as researchers briefly entered the crater then withdrew to observation points. State officials closed the red zone at 9 15 a m, turning back 200 to 250 loggers heading to wooded areas below the mountain. A permit required for entry limits access to scientists, loggers, and reporters. The red zone spans nine to 13 miles from the peak on the north and northwest sides. An eruption advisory issued March 12 warned of an eruption in one to three weeks, updated Monday to expect within one to five days.
MENTIONED IN THIS ARTICLE
Kathy Cashman
USGS
Weyerhaeuser Co
Also Mentioned on This Page
Frank Borman
Washington
Eastern
Borman
Sen
Devore
First City Bank
First International Bancshares
American Bankers Association
U.S. League of Savings Association
Energy and Agricultural Taxation
Mengden
Richardson
Michael Malbin
American Enterprise Institute For Public Policy Research
Washington, D.C
Capitol Hill
Political Action Committee
PAC
Mount St. Helens
National Guard
Reno, Nev
Casino Row
Priscilla Ford
Washoe
John Barrett
FDA
U.S
Tegucigalpa
Honduras
Nicaragua
United States
Here
el Salvador
Buick
UAW
Flint, Mich
Buick Motor Division
United Auto Workers Union Local 599
al Christner
General Motors Corp
Memphis
Miss Gattas
Food and Drug Administration
Chugach
Alaska
Diamond E. Fisheries
Sacramento
Calif
Salvation Army
Eileen Hoogstad
California
Fourth Street
Home Delivery
Texas Panhandle
Avures
NOAA
Dept of Coma
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