Loans Embezzled By College Head
In Dallas federal court Ted R. Day pleaded guilty to six counts of embezzling 197 400 from federal student loan funds he diverted while president of Draughon’s schools in Lubbock and Amarillo. Sentencing set for May 28. Co defendant Thomas Patrick Foley III linked to payroll record issues at Collegiate Recovery and Credit Assistance Corp., a defunct Dallas collection agency.
MENTIONED IN THIS ARTICLE
Dallas
Lubbock Business College
Ted R. Day
Thomas Patrick Foley III
Collegiate Recovery and Credit Assistance Corp
Foley
Dallas of
Day
Draughon
Business College of
Lubbock
Commercial College of
Amarillo
National Defense
National Institute of Health Funds
Idle offshore platform stuck in Kachemak Bay
The George Ferris, a Sun Marine Drilling platform with 31000 gallons of diesel aboard, is buried in mud in Kachemak Bay near Homer Alaska. Coast Guard officials evacuated all crew as tides threaten submersion. No oil leakage is reported.
MENTIONED IN THIS ARTICLE
Homer
Alaska
Kademak Bay
Coast Guard
George Ferris
Sun Marine Drilling Company
Stuart Lane
Anchorage
Lane
Homer ‘‘Spit
Kachemak Bay
Shell Oil Company
Shell
Chessevord by Thomas Joseph
Homer residents challenge the state's 1973 oil and gas lease sale as unconstitutional citing oil pollution risk to shellfish. Coast Guard in Anchorage reports the cutter Ledge alerted a platform’s condition to the Marine Safety Office.
MENTIONED IN THIS ARTICLE
Homer
Ferris
Coast Guard
Lane
Coast Guard Marine Safety Office
Anchorage
Cutter Ledge
Sea Treaty Not Likely
United Nations conference on the Law of the Sea nears an inconclusive finish with key issues unresolved. A bloc of nonaligned nations proposes resuming next January while the U S urges a summer meeting, warning failure could derail the 150 nation effort to draft a global ocean rules treaty.
MENTIONED IN THIS ARTICLE
United Nations, N.Y
U.N
United States
Venezuela Rejects Bargain Oil for US Storage Plan
Venezuela, a key US supplier, says it will not discount oil for a proposed 150 million barrel storage reserve. Deputy minister Hernan Anzola says more oil could be sold only at market prices, while noting no US official offer has been made. The plan, led by Frank Zarb, aims to stockpile crude in three years to cushion future embargo risks. Oil output and prices remain tied to OPEC, with inflation and Bali talks drifting into pricing discussions.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
South America
United States
Hernan Anzola
Mines and Hydrocarbons
Associated Press
Anzola
U.S
Frank Zarb
Organization of Petroleum Exporting Countries
Zarb
OPEC
Ministry of Mines and Hydrocarbons
Bali
Shaw Planters Peanut president dies at 55
Suffolk Virginia AP reports William D. Shaw president of Planters Peanut Co and EVP of Standard Brands died of a heart attack Tuesday in a New York City hospital. He was 55 and his death was confirmed by associates.
MENTIONED IN THIS ARTICLE
Suffolk
William D. Shaw
The
Planters Peanut Co
Standard Brands, Inc
Associates
Shaw
New York City
Wealthy oilman seeks nullification of $500000 marriage contract
John McFarlin, 62, testifies the marriage to Joan Manning McFarlin, 41, never consummated and asks a state district court jury in San Antonio to void the agreement. She claims $150000 remaining plus jewelry, a Jaguar and half the community property. He says he married to avoid loneliness and notes the contract details and payments.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
John McFarlin
McFarlin
Joan Manning McFarlin
England
Oklahoma
Oil Slick Broken Up In Galveston Bay
A mile long oil slick in Galveston Bay was broken into heavy crude globs by high winds. The spill, 1,500 to 2,000 barrels from a ruptured barge, left globs on shore at Eagle Point near San Leon and Red Fish Island Wednesday. The spill occurred about three miles north of the Texas City dike and the Houston Ship Channel reopened to traffic with slow navigation near the rupture.
MENTIONED IN THIS ARTICLE
Texas City
Tex
Galveston Bay
Eagle Point
San Leon
Red Fish Island
Coast Guard
May 6 in History 1976 Highlights From Archives
On May 6 historical events include Corregidor surrender in 1942 after 150 days of resistance in the Pacific War. Also births of Karl Marx in 1818 and other milestones such as the Eiffel Tower opening in 1889 and Edward VII’s death in 1910. Notable political shifts, recalled cars, protests, and Mindszenty’s death are noted with other anniversaries and birthdays.
MENTIONED IN THIS ARTICLE
Associated Press
Corregidor
Karl Marx
Prussia
Arkansas
Union
Eiffel Tower
Paris
Britain
Edward VII
Joseph Stalin
V.M. Molotov
Willy Brandt
West Germany
Also Mentioned on This Page
Fice
Federal Guaranteed Student Loan Program
Department of Health, Education and Welfare
Cleveland
Ohio
Archie
Bob Montana
Alaskan Bay
Bud Blake
Ani
Miss Peach
By Mei Lazarui
Moa Dans
Dooley’s
By Roger Bradfield
Bambo
By Russell Meyers
She
Moon Mullins
Nort
Rogate
Russo Meas
Ford Johnson
Bairie
Chessevord
Thomas Joseph
Aleutian Island
Jo Chastity
Montand
Longfellow
WCWMV
Robert Louis Stevenson
King Features Syndicate, Inc
Saudi Arabia
Houston
Abraham Ribicoff
Connecticut
Washington, D.C
Hungary
Josef Cardinal Mindszenty
Vienna
Willie Mays
Orson Welles
Oscar Wilde
Williamsburg
House of Burgesses
America
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