S&L insurers weigh scaled back FSLIC rescue proposal
San Francisco leaders say the U S League of Savings Institutions backs a one year FSLIC replenishment with 3 billion dollars, possibly extended later. The plan aims to prevent forced closures while Congress monitors the program and adjusts it as needed. FSLIC now covers about 800 billion in deposits and could fall to 1 billion in reserves.
MENTIONED IN THIS ARTICLE
San Francisco
U.S. League of Savings Institutions
Gerald J. Levy
Congress
Federal Savings and Loan Insurance Corp
Levy
League
FSLIC
Senate
Otwell Surrenders After Fleeing License Probe
Rev. W N Otwell, who fled Texas to avoid arrest over operating a boys home without a license, turned himself in at Community Baptist Church in Fort Worth suburbs. Sheriff Don Carpenter said he would be jailed in Tarrant County before transfer to Austin for contempt of court for failing to obtain a license. Otwell, amid a church rally, said he may reopen the home if God directs, even if it means jail.
MENTIONED IN THIS ARTICLE
Carpenter
Otwell
Tarrant County
Austin
Paul Davis
Davis
Jacobsen home return after 17 months in captivity
Former hostage David Jacobsen arrived in California aboard a private jet at John Wayne Orange County Airport at 1:05 p.m. He embraced his aged father and relatives who had not seen him since terrorists seized him 17 months ago. He said the homecoming gave him hope and he looked forward to time with family and friends.
MENTIONED IN THIS ARTICLE
Santa Ana
Calif
David Jacobsen
California
John Wayne Orange County
French hostages near release in Beirut amid mediation
An underground group, the Revolutionary Justice Organization, said via two handwritten Arabic statements to a Beirut news office that some French captives would be freed within 48 hours and again that a release would occur that evening at the Hotel Beaurivage near Syrian army observer offices in western Beirut. The group credited Algerian and Syrian mediation for the move.
MENTIONED IN THIS ARTICLE
Beirut, Lebanon
Revolutionary Justice Organization
Beirut
Beaurivage
Lebanon
Unemployment claims steady in October across Texas offices
First time claims held steady in October with 1,253 filings, nearly double October 1985's 639. Continued claims fell to 17,284 from 20,734 in September, while Midland saw 472 first-time claims and 2,112 continuing claims. Unemployment hovered at about 12 percent locally.
MENTIONED IN THIS ARTICLE
Ron Norris
Texas Employment Commission
Odessa
TEC
Norris
Joe Hatcher
TEC Midland
Midland
Hatcher
Snowbound Plains Hit by Major Winter Storm
Northern Plains endure heavy snow and record cold as a major storm strands travelers and closes highways on the deer season weekend. Six deaths are attributed to the blizzard, with Winnipeg receiving its worst storm in two decades and up to 25 inches of snow south of the border. Record low temperatures were logged in Montana Wyoming Idaho Washington Nebraska Colorado Michigan and Illinois, with Butte reporting 30 degrees below zero.
MENTIONED IN THIS ARTICLE
Canada
Winnipeg
Butte
Mont
Montana
Wyoming
Idaho
Washington
Nebraska
Colorado
Michigan
Illinois
Also Mentioned on This Page
S&ls
House
Satan
Texas
Jim Mattox
Dowling
Shane Sherman
Rick
Gail Sherman
East Odessa
Pease Elementary
Jeremy Browning
Fred
Donna Browning
West Odessa
Jacobsen Home
By John Antezrak
Associated Press
Jacobsen
Hultgren
The
Abby
Wwe Ene
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