Respect for the Civil Law in Grain Bankruptcies
A Letter to the Editor argues that federal bankruptcy law freezes all bankrupts assets, ignoring owned property stored by tenants like grain in elevators. Wayne Cryts and 500 farmers removed 31,000 bushels from the Ristine elevator amid federal scrutiny, highlighting alleged legal defects and calls for reform to protect farmers property rights and restore equity in the system.
MENTIONED IN THIS ARTICLE
St. Louis
Colorado
New Madrid
Wayne Cryts
Cryts
FBI
Feds
Federal Deposit Insurance Ip
Federal Reserve Bank
FDIC
United States
United States of America
Congress
Students urge action over education cuts hearing
Ronald Cohn from Carbondale writes that SIU students and parents should voice their concerns about Reagan administration postsecondary education cuts. He notes Congressman Paul Simon led a productive, though sparsely attended, hearing at the SIU Student Center and urges writing to the President, senators, and congressman.
MENTIONED IN THIS ARTICLE
Southern Illinoisan
Southern Illinois University
Carbondale
Paul Simon
House
SIU
Simon
Ronald Cohn Carbondale
Private restaurants spark shift in Beijing's economy
In Peking the Yuebin restaurant signals a broader move toward private enterprise under Deng Xiaoping leadership. Deputy PM Yao Yilin urges private business growth while public ownership remains dominant. The piece notes rising private commerce, new licensed doctors, private tailors, and market tweaks amid cautious reform. The author profiles Yuebin proprietor Liu Guixian, her loan, and daily profit versus state wages, illustrating entrepreneurial risk and social tension in a transitioning China.
MENTIONED IN THIS ARTICLE
Peking
Yao Yilin
China
Yao
Deng Xiaoping
Communist Party
Deng
Liu Guixian
Yuebin
State Labor Bureau
Miss Liu
People’s Bank
Marshal Ye Jianying
National People’s Congress
Yeh
Sichuan
Heilongjiang
United States
Cai-Gouyuan
New York
China to Sell Up to 3.3 Billion in Treasury Bonds This Year
The Chinese government plans compulsory purchase of bonds by state factories, local governments, army units and wealthy communes to absorb money and deflate a deficit ridden budget. Bond values range 10 yuan to one million yuan, at 4 percent interest, repayable 1987 to 1990. Inflation runs in double digits with official 5.8 percent, higher in cities. Individual citizens and overseas Chinese may buy voluntarily. Some local governments hold excess funds. World Bank may consider China loans in June for education, research, agriculture and ports development.
MENTIONED IN THIS ARTICLE
Wang Fu Jing
Peking
Fifth Avenue
Peking Hotel
China
Ministry of Finance
New China News Agency
Finance Ministry
World Bank Board
Tax incentives for savings eyed on Capitol Hill
Washington debate centers on tax proposals to boost retirement funding. Two leading ideas expand earned income deductions for Individual Retirement Accounts and allow supplementary accounts for workers already in pension plans. If enacted, contributions could rise, with taxes deferred until retirement. Estimates suggest retirement savings could grow by up to 11.3 billion dollars.
MENTIONED IN THIS ARTICLE
Clyde H. Farnsworth
New York Times
Washington
Treasury
Savings and Loan Associations
Savings
House
Means Committee
J.J. Pickle
D-Texas
Bill Frenzel
R-Minn
Pickle-Frenzel
Capitol Hill
Senate Finance Committee
Roger Seasonwein Associates
American Council of Life Insurance
Libya's takeover of Chad. The doves are strangely silent
William Safire argues in the New York Times that Libyan dictator Muammar Khadafy has seized Chad with Soviet support and seeks a Saharan empire. He warns Reagan’s administration and U.S. allies to not overlook Khadafy’s plans or the risk of a nuclear-armed Libya.
MENTIONED IN THIS ARTICLE
Libya
Chad
Ronald Reagan
Walter Cronkite
Khadafy
el Salvador
Texas
Muammar Khadafy
Congress
Ford Administration
Angola
Palestine Liberation Organization
Billy Carter
White House
Castro
Soviet Union
United States
Egypt
Saudi Arabia
Morocco
North Africa
Persian Gulf
Zaire
Uganda
Niger
Khadafi
Also Mentioned on This Page
Southern
Illinois
John C. Gardner
Peter W. Selkowe
Fox Butterfield
Peking Radio
Bloomingdale’s
AP News
James P. Sterba
New York Times Peking
Edly
U.S
William Safire
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