Major wins leadership gamble to keep Tory helm
British Prime Minister John Major defeats John Redwood in a party leadership vote, securing two thirds of the Conservative ballots to remain party leader despite low approval ratings. The victory reduces immediate threat of leadership challenges, as Major reshuffles his cabinet and faces a tight House of Commons majority while EU policy fuels internal tension.
MENTIONED IN THIS ARTICLE
John Major
Major
John Redwood
Europe
Britain
European Union
Margaret Thatcher
House of Commons
Redwood
Nicholas Budgen
Prison gets superintendent for Craven County center
Wilford Shields, longtime Hoke Correctional Center superintendent, will become Craven County’s new supervisor at the Eastern Processing Center, a lateral move paying 44069 dollars. The 57 year old plans to hire 200 officers and 41 sergeants with 34 diagnostic center staff, oversee inmate labor for food and laundry, and back Craven County with strict security as the facility opens next summer.
MENTIONED IN THIS ARTICLE
State Department of Correction
Vanceboro
Wilford Shields
Hoke
McCain
Fayetteville
Craven County
Correction
Shields
Shield
Department of Correction
Hoke County
Alligator Road
Fireworks Draw Thousands to New Bern Waterfront Show
Fireworks drew an estimated five to eight thousand people to downtown New Bern for the Independence Day display sponsored by Swiss Bear. The show lasted about 15 minutes as spectators waited for showers to stop.
MENTIONED IN THIS ARTICLE
Joye Frazier
Peggy Covington
New Jersey
New Bern
Swiss Bear
Gates Tops Forbes Rich List With 12.9 Billion Fortune
Microsoft founder Bill Gates is named the world’s richest private individual at 12.9 billion by Forbes in its July 17 issue. Warren Buffett ranks second at 10.7 billion, while Yoshiaki Tsutsumi falls to third as Sam Walton heirs head the richest family at 23.4 billion. The report notes Forbes excludes royal and state fortunes.
MENTIONED IN THIS ARTICLE
Microsoft Corp
Bill Gates
Forbes
Gates
Microsoft
Warren Buffett
Buffett
Berkshire Hathaway
Yoshiaki Tsutsumi
Sam Walton
Brunei
Intuit Corp
Justice Department
Fed set to decide on potential rate cut as economy slows
The Federal Open Market Committee meets to weigh whether weaker growth justifies cutting rates. Analysts are split with some predicting a 0.5 percentage point cut to the federal funds rate from 6.0 percent, while others expect the Fed to hold until August. Greenspan faces a cautious balance between curbing recession risks and fighting inflation. The decision comes ahead of June employment data.
MENTIONED IN THIS ARTICLE
Central Bank
Federal
Fed
FOMC
Sung Won Sohn
Norwest Corp
Minneapolis
Elliott Platt
Donaldson, Lufkin & Jenrette Securities Corp
New York City
Laurence Meyer
St. Louis
Federal Reserve
Alan Greenspan
Robert Dederick
Northern Trust Co
Chicago
Greenspan
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Center
Charlie Peek
Sun Journal
Cial Marina
Ann Landers
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