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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Dec 17, 1990
Page
3
The notice notes varying benefit plans offered by The Travelers Insurance Company, indicating options and terms may differ for Corsair customers and related policyholders. It outlines potential plan choices and highlights the need to review specific policy details and coverage levels.
FDIC chairman L William Seidman says the federal insurance fund is under stress and may need more money as bank failures loom. A congressional hearing date set today will review a report estimating up to 63 billion in losses over three years if the economy worsens. Seidman and Treasury officials cite a slowing economy with a mild to severe downturn possible in 1991.
Washington reports a 69 percent jump in state court felony drug convictions over 1986 to 1988, with roughly 227,000 of 667,400 felons in 1986 guilty of drug offenses and about 134,000 of 582,800 in 1986. Bureau statisticians Langan and Dawson attribute the rise to more lawbreaking and arrests, not new laws.
President Bush meets with his labor secretary nominee Rep. Lynn Martin to discuss her planned course at the Labor Department. A second planned White House meeting with Iraqi Foreign Minister Tariq Aziz is postponed after Saddam Hussein refuses to set an early date for a Baker visit.
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