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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Feb 03, 1995
Page
8
The piece argues the $49.8 billion rescue, funded by the Exchange Stabilization Fund and international lenders, signals that unsound policy carries no punishment. It criticizes Mexico and U S officials for avoiding market discipline, relying on bailouts and price supports instead of lasting reforms.
Republicans pledge to balance the budget by 2002 with major cuts and possible state shifts, aiming to trim about $1 trillion over seven years. Labor Secretary Reich urges cuts to subsidies and corporate welfare, highlighting tax credits for ethanol Amtrak subsidies farm subsidies and other favored programs as targets amid political resistance.
Stephen Chapman of the Chicago Tribune notes that Newt Gingrich and Capitol Hill Republicans advocate a federal gun crime measure that would override state authority, risking crowded federal courts and higher costs while invoking interstate commerce and constitutional questions amid debates on the Gun Free School Zones Act of 1990.
Senate Education Committee hears Sen Beverly Perdue bill to shrink the Department of Public Instruction by up to 50 percent, arguing for a slimmer state education bureaucracy. Etheridge defends DPI noting payroll cuts since 1989 and warning of job losses, while Perdue seeks a broader study and possible downsizing despite his cautionary tale. Paul O'Connor notes.
A provocative critique argues the U.S. deepens involvement in Bosnia amid media distraction with O J and reality news. It claims USAF controllers and UN blue helmets mask NATO aims, outlines costs, and warns of MICC influence via ex commanders Smith and Franks guiding Bosnian policy.
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