Fed eases reserve rules to boost bank lending
The Fed trimmed reserve requirements on certain Eurodollars and corporate time deposits, freeing about 14 billion dollars for new loans and lifting bank earnings by roughly 1 billion annually. The move aims to ease liquidity and reassure markets while signaling limited policy options.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Decency Standards Debate Hits NEA Panel
The National Endowment for the Arts panel in Denver debates using general standards of decency when granting funds. Writers and publishers urge independence from government, warning that federal money carries strings and could curb artistic expression.
MENTIONED IN THIS ARTICLE
National Endowment, For the Arts
Lo Glue Lap
Gol Widling
Congress
Open letter to Lorain plant president on trust and SPC
Francis Be Hoffman of Olmsted Falls writes to Bob Fravel at USS Kobe Steel Lorain about trust, union contracts, and SPC program integrity. He cites seniority, posting of maintenance jobs and alleged favoritism, urging compliance with the 1986 labor agreement and warning of consequences for missteps. The letter also critiques church matters and ends with submission guidelines for letters to the Chronicle Telegram.
MENTIONED IN THIS ARTICLE
Bob Fravel
USS/Kobe Steel Co
United Steelworkers
Lorain
SPC
Iron and Steel Division
Lorain Works
MetArt
Fighting over color blind scholarships chills GOP
A White House clash over race based scholarships exposes the GOP’s split on quotas. Education Department rules banning racially restricted aid trigger a White House reversal ordered by Sununu. The episode highlights fears of racial labeling and leaves the party unsure how to push for a colorblind society without provoking backlash.
MENTIONED IN THIS ARTICLE
Washington
White House
Bush
Department of Education
Republican
GOP
Education Department
John Sununu
Sununu
C. Boyden Gray
Phil Gramm
Gramm
Pinehurst
N.C
William J. Bennett
Bennett
Jesse Helms
North Carolina
Dan Quayle
Quayle
New York Times
Washington Post
Williams
Gray
William Kristol
China accused of sending nuclear warheads to Saudi Arabia
WASHINGTON reports claim highly sensitive intelligence suggests China may have shipped nuclear warheads to Saudi Arabia for CSS-2 missiles after the 1990 Iraqi invasion of Kuwait. CIA sources allege Saudi officials, including Prince Bandar, pressed Beijing for nuclear and chemical warheads, with top aides and advisers arriving in Saudi Arabia since August.
MENTIONED IN THIS ARTICLE
Washington
People’s Republic of China
Saudi Arabia
Kuwait
Bush
China
United States
Central Intelligence Agency
Bandar bin Sultan
Prince Bandar
Beijing
U.S
Fahd
Reagan
Defense Intelligence Agency
Pakistan
CIA
Soviet Union
Pacific Ocean
Iraq
Also Mentioned on This Page
Icy
Michael J. Boskin
President’s Council of Economic Advisers
Joseph Addison
Rocky Mountain News
USS
Kobe
the Chronicle-Telegram
Elyria
Chronicle-Telegram
Lefebvre
Athanasius
Liberius
Francis BE. Hoffman
Olmsted Falls
Chronicle- Telegram
Ed Rogers
James Pinkerton
Pinkerton
Bete Noire
Richard Darman
Health and Human Services
Louis Sullivan
Constance New
Michael Williams
Evans
Novak
Anderson
Dale van Atta
Arabia
Jack Anderson