Arizona proposes state lottery to aid strapped schools
Arizona State Sen. Sue Dye proposes creating a state run lottery to fund schools facing tax shifts. She notes a 10 percent residential valuation cut will force higher tax rates and cites New Jersey revenue to illustrate potential lottery benefits. Critics fear crime and illegal gambling, though Dye argues eastern style lotteries are incorruptible and popular with middle class players. A Rutgers founded firm estimates illegal gambling costs in Arizona at up to 1 billion dollars annually.
MENTIONED IN THIS ARTICLE
Arizona
Sue Dye
Tucson
Oper
Arizona Senate
Dye
Ms. Dye
Rutgers University
United States
Thrift firms mail refunds to depositors in receivership
Nearly 20 months after a federal judge placed Lincoln and U S Thrift associations in receivership, depositors begin receiving refunds. Initial 4.6 million goes to about 26 000 investors, representing 1 cent on the dollar for larger claims, with full repayment for claims of 25 or less. Further 10 percent refunds will come as assets liquidate, and total recoveries may reach 32 to 39 cents on the dollar depending on asset value.
MENTIONED IN THIS ARTICLE
Phoenix
Lincoln
U.S
Robert A. Baker
Baker
Frank Harper
Association For the Recovery of Depositors
U.S. Thrift
Craig
U.S. Securities and Exchange Commission
Globe area miners approve contract with Cities Service
About 98 percent of four unions voted to accept the Cities Service Copper Co. pact, granting a 5 cent per hour raise over three years and improved benefits. The firm employs about 800 miners in Globe, Miami, and Superior. Layoffs of 490 of 570 union workers were announced as part of the settlement, with furloughs likely lasting unknown. Negotiations continue with other unions and companies amid a nationwide copper strike totaling roughly 7,300 Arizona workers.
MENTIONED IN THIS ARTICLE
Globe (Ap
Cities Service Copper Co
Jim Smith
United Steelworkers
Kennecott Copper Corp
Magma Copper Co
Smith
Cities Service
Arizona panel weighs lifting gas hookup moratorium
The Arizona Corporation Commission considers ending its natural gas hookup ban as Bud Tims notes Arizona is the only state with a moratorium. Utilities favor continuing the moratorium pending federal policy clarity. A Washington hearing could reveal El Paso Natural Gas Co. storage issues threatening next winter's supply.
MENTIONED IN THIS ARTICLE
Phoenix
Arizona Corporation Commission
Bud Tims
Arizona
Washington
el Paso Natural Gas Co
Also Mentioned on This Page
L.A
Lane
Angeles National Forest
Los Angeles
Piedmont
Ala
Piedmont Journal
Cadillac
Milllion
Globe Area
Miami
Superior
Charles Brown
Inspiration Consolidated Copper Co
Phelps Dodge Corp
Richard ‘Rhoades
Phelps Dodge
Morenci
Rhoades
Inspiration
Asarco Inc
Copper Range Co
Anaconda Co
Amax Inc
U.S. Metals Refining Co
Kennecott
Anamax Mining Co
Copper Range
Asarco
ACC Malls
Val
Bankamericard Welcome
E. Pennington
Wienerschnitzel
Sun del Gaston Er Patie
Erschnitzel
Wemake
Superburgers
Ood
Suan
Ugh
Rschnitzel
Custer
Matacun
Wieherschnitzel
Wieierschnitzel
E. Broadway
S. 6Th Ave
S. Kolb
E. Speedway
N. Oracle Rd
S. Alvernon Way
Sierra Vista
Garden Avenue
Wood ST. Fetterly's
Catalina Shaver CO
Broadway
Speedway
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