Reagan signs landmark billion dollar tax relief bill
Reagan signed SB 90, a sweeping California tax relief measure, after a six year push. The plan increases the state sales tax to six percent statewide with higher rates in San Francisco, Alameda, and Contra Costa. It raises the homeowners exemption to 1750, offers renter relief, and channels 361 million more to local schools, plus 322 million new funding. The package aims to cut property taxes for homeowners and renters while shifting school funding.
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Hussein marries TV announcer in Jordan
King Hussein of Jordan reportedly wed Souha Toukan, a Jordanian TV announcer, from Al Anba the Israeli backed paper. He reportedly has not divorced Princess Muna though she plans to marry a well known American diplomat. Muna, born Tony Gardiner, lives in London with two sons.
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UPI
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al Anba
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Hawaii crackdown targets betting syndicate The Company
FBI and Honolulu Police announce Hawaii's largest gambling crackdown against The Company. Over 100 agents and officers executed 78 search warrants, seizing gambling records, paraphernalia, and weapons. Basher reports more than $50,000 seized and notes income tax implications. Indictments and 10 arrests announced amid the largest state crackdown.
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Basher
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Coast Guard aids Greek tanker taking on 30 aboard
The Coast Guard rushed to assist the Greek tanker Manuella in distress about 500 miles east southeast of New York, with 25 to 30 crew aboard the Manuella and a salvage tug planned from Norway. Winds hit 45 knots and seas reached 47 feet as crews worked to stabilize the vessel and reach it by evening.
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Savings loan merger plans told in Los Angeles
United Savings and Loan of Los Angeles a subsidiary of United Financial Corp will merge with Citizens Savings and Loan Association of San Francisco. The stock deal values the combined entity at about 53 million dollars. The joint venture will operate under the Citizens name.
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Los Angeles
United Savings and Loan of
United Financial Corp
Citizens Savings and Loan Association of
San Francisco
Citizens
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