Angola War Ends as Longtime Foes Sign Peace Accord
In a ceremony attended by James A Baker III and other leaders the Soviet backed government of Jose Eduardo dos Santos and US backed UNITA chief Jonas Savimbi signed a peace accord ending Angola s 16 year civil war. The deal moves toward a multipart democracy and ends foreign military support. Near 340000 civilians died and vast displacement followed decades of Cold War proxy fighting.
MENTIONED IN THIS ARTICLE
Lisbon
Portugal
Jose Eduardo Dos Santos
Jonas Savimos
Cnita Guerrila
James A. Baker
Alexander Bessmertnykh
United Nations
Javier Perez de Cuellar
U.S
Namibia
Angola
Moscow
Washington
UNITA
Wedtech convictions overturned by federal court
A 2nd Circuit panel in Manhattan overturned the bribery related convictions of three Wedtech figures, including a Meese associate, ordering new trials for E. Robert Wallach and two advisers after ruling a key witness lied. The case tied to Wedtech Corp. and Reagan era politics. Meanwhile a Brooklyn businessman handed in a Magritte valued over 1.5 million, with a Picasso recovered at auction.
MENTIONED IN THIS ARTICLE
New York
Wedtech
Edwin Meese III
Wedtech Corp
Bronx
Congress
White House
Mario Biaggi
Stanley Simon
Brooklyn
Rene Magritte
Manhattan
Economic Crimes Bureau
Dow Jones hits new high on strong stock rally
Dow Jones industrial average rose to 3,027.50, surpassing its prior peak as industrials led gains after a 1.8 percent rise in April factory orders. The S&P industrial index climbed to 464.98, while leading indicators also increased for the third straight month signaling a possible economic recovery. Analyst David B. Bostian Jr. cited positive factory orders and a potential second-half expansion.
MENTIONED IN THIS ARTICLE
New York
Dow
Standard & Poor
David B. Bostian Jr
Jesup, Josephthal & Co
FHA rules raise downpayment for FHA home loans
The Federal Housing Administration acts to curb its loan program leaks by mandating higher upfront payments. Beginning July 1 buyers must provide 1200 to 1800 dollars at closing, and can finance only 57 percent of closing costs, requiring an extra 438 dollars on a thousand dollar loan.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
U.S. arms stockpile in Israel amid警 Middle East tension
The United States confirms pre positioning of weapons and equipment in Israel for possible use in a future war or military emergency. Cheney said the arrangement is under way and includes plans to position gear in the Gulf region with Arab allies. The disclosure follows cautious remarks by other officials. Meanwhile at the United Nations, Perez de Cuellar proposes capping Baghdad oil revenue for war compensation at 30 percent as Iraq faces $8 billion annual civilian needs and oil exports rising to $21 billion by 1993. sanctions remain delaying any lift until truce terms are met.
MENTIONED IN THIS ARTICLE
Jerusalem
Israel
Middle East
Defenie
Richard Cheney
Cheney
U.S
Gulf Region
Gulf
Iraq
United Nations
U.N
Baghdad
Kuwait
Javier Perez de Cuellar
Security Council
Perez de Cuellar
Ethiopia urges immediate resumption of aid distribution
Addis Ababa reports the new Ethiopian People's Revolutionary Democratic Front government urged relief agencies to restart emergency food aid for seven million Ethiopians facing starvation despite safety concerns for workers in the countryside. The move follows a civil war and the fall of the previous regime as famine looms.
MENTIONED IN THIS ARTICLE
Addis Ababa
Ethiopia
Ethiopian People’s Revolutionary Democratic Front
EPRDF
Key Bank expands in Syracuse area with more branches and services
A banner day for Syracuse residents as Key Bank grows in the region offering enhanced security, convenience, and personal service. Customers gain broader choice with innovative accounts and small business solutions, plus faster banking through more branches, ATMs, and Key Express.
MENTIONED IN THIS ARTICLE
Syracuse
Key Bank
Key Express
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Tam
TelAuc
WCNY
Om Crucible Specialty Metals Corporation
The
Herald-Journal
Herald American
Savimbi
New York Times News Service
Milton Ave
Knight-Ridder News Service
Cox News Se
Trbure
Goldome
Americ
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