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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 28, 1990
Page
2
Saddam Hussein's Iraq overran Kuwait on August 2 triggering a UN embargo, a regional force buildup, and foreign hostages used as shields. Oil jumped to $40 a barrel by September, with the UN Security Council demanding Iraq withdraw by January 15 or face possible military action. The world watches.
Bush and Gorbachev met three times in a year, marking warmer U.S. Soviet relations. They signed chemical weapons accords in Washington, held a Helsinki summit on the Persian Gulf crisis, and met in Paris for the 34 nation CSCE conference. The Helsinki and Paris talks culminated in a broad arms control agreement between NATO and Warsaw Pact leaders.
Alabama Biggest reserve contingent for Desert Shield. Alaska Wally Hickel back in governor's mansion. Arizona Both U S senators in Keating Five. Arkansas Attorney general convicted of misusing funds. California Pete Wilson wins governor's race. Colorado Tornado wrecks farming community. Florida Grisly killings terrorize college town. Idaho Governor vets restric tive abortion bill. Indiana Tornadoes hit southern Indiana. Iowa Governor and senator turn back election challengers. Kansas State elects first woman governor. Kentucky Public school system overhaul. Louisiana David Duke places second in Senate race. Maine Deer hunter acquitted of manslaughter. Massachusetts Stuart murder case refocuses on husband. Michigan Governor turned out of office. Minnesota Governor defeated despite opponents' disarray. Mississippi Desert Shield reserve call-up. Missouri The great quake didn't come. Montana Shooting deaths stun two colleges. Nebraska Governor loses in close election.
Van Gogh portrait sells for 82.5 million. IBM earns 5.8 billion. John Kluge worth 5.6 billion. Michael Douglas 15 million per film. Meryl Streep 3 million. States report water fights, economic woes, tax pack battles, and Desert Shield mobilizations. Crime, politics, and justice stories appear with high-profile names and regional impacts.
East and West Germany joined as one nation on October 3, 1990 ending the division that began after World War II. Mass protests in 1989 toppled the Berlin Wall and free elections in East Germany in 1990 expelled Communists while the Soviet Union agreed to NATO membership for a united Germany, removing the final obstacle.
Mikhail Gorbachev wins a new five year term but the Soviet Union is riven by ethnic unrest, rebellious republics, hardline factions, and severe shortages of bread sugar meat cigarettes and other goods.
Soviet troops pulled from Poland Czechoslovakia Hungary and East Germany as non communist governments rose to power for the first time since World War I. Solidarity leader Lech Walesa won Poland’s presidential vote in December. Romanians clashed with Hungarians in Romania areas, while Yugoslav separatism threatened. Albania allowed its first opposition party and set elections for early 1991. In the same week over 150 people were tried for anti government acts after protests burned and ransacked buildings.
The 1990 S and L crisis widened as bailout costs rose to 500 billion over 30 years. Lincoln Savings and Loan failure at 2 billion symbolized thrift troubles. Keating faces fraud charges after steering investors to junk bonds as five senators pressed thrift regulators. Senate Ethics probes Riegle Cranston McCain Glenn DeConcini. Neil Bush found guilty of conflict of interest over Silverado ties. Gorbachev faces domestic headaches amid international strains.
Congress and Bush cobbled together a $250 billion deficit reduction package in October. The plan combined spending cuts with tax increases, derailing the president's pledge read my lips no new taxes. Republicans campaigning for re election felt betrayed.
The era shows a meaningful downturn with unemployment at 5.9 percent in November, housing starts at post-1981 lows, and October trade deficit at 11.6 billion. The Dow lingers near 2700s as Greenspan and Bush acknowledge a slowdown while the Fed lowers the discount rate for the first time since 1986.
Former Panamanian leader Manuel Noriega gave himself up at the Vatican mission in Liega Steppen and was flown to Florida where he faces charges of accepting 4.4 million in bribes to make Panama a hub for Colombian drug traffickers. His trial was postponed from January to June as his lawyers seek more time.
Maggie Thatcher, Britain's Iron Lady, resigns after 11 years as prime minister. She dismantled socialism at home, crushed unions, and led victory in the Falklands War, but isolationist European policy stances and the unpopular poll tax eroded Conservative support. In November she was succeeded by John Major.
The text lists multiple desk roles such as city editor editorial page editor ascent editor business editor managing editor and regional edit and hotlines for hotlines 329 7205 329 7206 classified line 329 7170 with office hours 8 am to 5 pm Monday through Friday 8 am to 10 am Saturday closed Sunday.
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