Barings warned years before Nick Leeson collapse
Investigators say Barings Bank was warned seven months before the Singapore trader Leeson caused a $1 billion loss that he held excessive power with minimal supervision. Barings learned of problems on Feb 23, and Leeson was later detained in Frankfurt. A SIMEX audit warned of concentration of control. Barings reportedly ignored calls to restructure.
MENTIONED IN THIS ARTICLE
Aring Bros. and Co
Nick Leeson
Barings
Ace
Leeson
Singapore
Malaysia
Germany
Frankfurt
Singapore International Monetary Exchange
SIMEX
Baring Futures Singapore
K. Shanmugan
Michael Lim
Price Waterhouse
Barings Group
Barings PLC
Oceana Jets Stir Virginia Beach as BRAC Tangles
Oceanic residents cheer possible move of 160 F A 18s and 12 000 new residents to Cherry Point but BRAC 93 decision complicates a reversal. Virginia Beach plans to relocate two schools out of crash zones and show support for Navy and BRAC amid months of contest.
MENTIONED IN THIS ARTICLE
Virginia Beach
Richard Clark
Oceana Naval Air Station
Virginia Beach Air Station
Cecil Field
Fla
Pentagon
Cherry Point
Marine Marine Corps Air Station
Navy
BRAC
Virginia Beach Fears Oceana Closure Shifted Plan
After BRAC 93, Oceana Naval Air Station faced possible closure while 160 F A 18s and 12,000 personnel were slated for Cherry Point. Local leaders and Virginia’s delegation mobilized two years of lobbying to redirect jets to Oceana, with Gov. George Allan assembling a committee and hiring a firm to build a case.
MENTIONED IN THIS ARTICLE
Oceana Naval Air Station
Virginia Beach
Virginia
George Allan
Washington
Oceana
Rowe
Practice Test of Pledge Alleges Varying Recall in New Bern
Sun Journal staffer Laurie Gengenbach reports on a downtown street Q and A about the Pledge of Allegiance. Nine participants were asked to recite, only three were completely successful, while most remembered several lines with coaching from Robby Paramore and others.
MENTIONED IN THIS ARTICLE
New Bern
The
Sun Journal
Robby
Judy Paramore
Grimesland
America
Republic
William
Jelly” Bryan
New
William “Jelly” Bryan
Son Robby
Teen pregnancy debate spans Iowa program and welfare tweak
An Iowa program It Takes Two promotes teen pregnancy prevention through abstinence and birth-control education while Congress weighs welfare reform with block grants and bonuses for reducing out of wedlock births. Officials warn results remain uncertain as teen birth rates show mixed trends and activists doubt the plan’s impact on abortion rates.
MENTIONED IN THIS ARTICLE
America
Congress
Iowa
Tom Klaus
House
Ways and Means Committee
U.S
Also Mentioned on This Page
Sandy Lemans
Parker
Rodgers
Linkhorn Park
City
Air Station
Virginia Beach, Va
Morris Rowe
Owen Pickett
D-Va
North Carolina
Pickett
Lynnhines
Linkhorn
Eleme Chool
Seatack
Lynnhaven Mall
Seatack Elementary
Océana Naval Air Station
Camp Pendleton
U.S. Fleet Anti-Air Warfare Training Center
Laurie Gengenbach
Angela Harris
Ann Landers
Yolanda
Sports East Carolina
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!