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14th of November 1992 News
Nyheter som framträdde på New York Times framsida den 14 november 1992
November 8-14; Kissinger Sends His Regrets
Date: 15 November 1992
By Martin Tolchin
Martin Tolchin
The words "I'm sorry" do not come readily to Henry Kissinger. It took him more than two decades to apologize for his role in the wiretapping of 17 national security aides and journalists. The man who was President Nixon's national security adviser and later his Secretary of State long defended the 1969 wiretaps on grounds of national security. At the time, the Nixon Administration had sought in vain to learn who had leaked classified information to reporters.
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FANNIE MAE AGREES TO BUY R.T.C. PROPERTIES
Date: 14 November 1992
By Bloomberg News
Bloomberg News
The Federal National Mortgage Association, or Fannie Mae, a Government-sponsored enterprise, agreed to buy up to $100 million in mortgages for the Resolution Trust Corporation apartment buildings. The R.T.C., the nation's savings and loan cleanup agency, has an inventory of almost 300 apartment buildings containing about 25,000 units it obtained from seized savings and loans. Fannie Mae buys mortgages from banks, savings and loans and other originators. At least 35 percent of the units in the R.T.C.'s apartment buildings will be set aside at restricted rents for low-income families.
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EMPLOYEE STOCK PLAN GAINS 8.6% STAKE IN TENNECO
Date: 14 November 1992
By Bloomberg News
Bloomberg News
Tenneco Inc. recently sold 12 million common shares to its stock employee compensation trust for $432 million. The trust holds 12 million Tenneco shares, representing about an 8.6 percent stake in the Houston-based diversified industrial company, making it one of Tenneco's largest shareholders, according to a 13-D filing with the Securities and Exchange Commission. Selling shares to the employee trust allows Tenneco to raise money without having to pay underwriter fees, said Gary Hovis, industry analyst at Argus Research.
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H & R BLOCK PLANS REPURCHASE OF 3 MILLION SHARES
Date: 14 November 1992
By Bloomberg News
Bloomberg News
H & R Block Inc. said it planned to repurchase as many as 3 million common shares on the open market and to reissue more than half of them within a year through the company's employee stock option plan. Goldman, Sachs & Co. is to act as sole agent for the buyback. H & R Block, which operates and franchises tax preparation agencies, completed a 1.5-million-share repurchase on Oct. 6. It has about 106 million shares outstanding.
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Opel to Cut Jobs
Date: 14 November 1992
By Bloomberg News
Bloomberg News
Adam Opel A.G., the German unit of the General Motors Corporation, said today that it planned to shed 1,400 of 18,700 jobs at its plant here by the end of 1993. An Opel spokesman said the company plans to use early retirements, a hiring freeze and attrition, not dismissals. Earlier this year, Opel announced it planned to slash up to 11,000 jobs in its German operations by the end of 1996, with about 6,000 coming from its headquarters staff in Ruesselsheim.
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Commercial Jet Orders Drop
Date: 14 November 1992
By Bloomberg News
Bloomberg News
The Boeing Company and the McDonnell DouglasCorporation received just 13 firm orders for commercial jets in the July-September quarter, the weakest showing since the recession of a decade ago, the Aerospace Industries Association reported today. Of the 13 orders, 12 were from foreign customers and one was from a domestic carrier. The total price tag was $1.5 billion.
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NEWS SUMMARY
Date: 14 November 1992
International 2-5 TOKYO MAY RETREAT ON PLUTONIUM Because of world protests over a shipment of plutonium from Europe, Japan hinted that it might scale back plans for 30 more shipments of the nuclear fuel in the next decade. 1 SHIITE GROUP GAINS IN LEBANON Backed by guns and money from Iran and by Syria's support and troops, the Shiite Muslim Party of God has emerged as the most powerful force in Lebanon. 1 UNIVERSITY AS AN EXAMPLE Students at the West Bank's elite university have held a politically charged but peaceful campus election that is being cited as proof that the occupied territories are ready for democracy. 2 COUP ATTEMPT FAILS IN PERU Peru's Government said it had crushed a coup attempt by a group of army officers who tried to seize army headquarters and the national palace and kill the President. 3 A BLACK RUNS FOR RIO MAYOR A 50-year-old black congresswoman is rattling Latin dominance of politics by campaigning strongly in Rio de Janeiro's mayoral elections. 3 EUROPEAN UNITY UNDER THREAT The goal of economic and political unity in the European Community has been hurt by the political leadership in France, Britain and Germany and by economic problems in the major European countries. 3 A MURDER IN WARSAW The Polish authorities say they are nowhere near solving the brutal slaying of Piotr Jaroszewicz, Poland's hard-line Communist Prime Minister from 1970 to 1980, and his wife in September in Warsaw. 4 MIDEAST MUSLIMS FIGHT IN BOSNIA Images of bombed-out mosques and dead Muslims have persuaded fighters to leave the Mideast and take up arms against the Serbs in Bosnia and Herzegovina. 5 DEATH TOLL PUT AT 100,000 The Foreign Minister of Bosnia and Herzegovnia, in Germany to establish diplomatic relations, said 100,000 people, most of them Muslims, had been killed in Serbian attacks on his country since the spring. 5 A truce brought people out into the streets of Sarajevo. 5 National 6-9 NEW SIGNS OF RECOVERY The Government reported that retail sales rose 0.9 percent in October, and researchers at the University of Michigan found consumer confidence soaring in the first half of November. 1 The head of Bush's economic council defended his fiscal policies. 8 PASSPORT-FILE CASE TAKES A TURN The State Department official dismissed this week for authorizing a search of Bill Clinton's passport files has told investigators that the search was approved by the Under Secretary of State for Management, one of the highest-ranking political appointees in the department. 1 A criminal inquiry on the F.B.I. Director was dropped. 6 CLINTON ISSUES ETHICS GUIDELINES For six months after the inauguration, members of the President-elect's transition team will be barred from lobbying Federal agencies with which they have dealt. In addition, they must have no involvement in transition decisions that could affect their financial interests. 1 The ethics rules drew praise, and then some criticism. 8 Clinton and the military remain at odds on gay rights. 9 THE REMAKING OF THE CLINTONS A confidential Democratic campaign memo written in April launched one of the most ambitious efforts at political rehabilitation ever undertaken: casting Bill and Hillary Clinton, whom many voters did not care for, as an honest, plain-folks idealist and his warm and loving wife. 1 PRISON OF TERRORS In one of the most severe cases of sexual abuse in the history of women's prisons in America, 14 former employees of a Georgia corrections center were indicted on rape and other charges. Investigators said at least 119 women had been identified as victims. 1 OFFICERS IN BEATING CASE GAIN A judge dealt a setback to Federal prosecutors by ruling out a critical line of evidence in the civil rights trial stemming from the police beating of Rodney G. King. 6 BAD SPLIT IN OREGON G.O.P. In a political civil war that presages a battle for the soul of the national Republican Party, the Republican state chairman in Oregon has threatened to form an independent branch of the party that would be free of the religious right. 6 NEW FINDING ON ALCOHOLISM Researchers said a prescription drug that reduces a recovering alcoholic's craving appeared to show great promise of preventing alcoholism relapses. 7 Beliefs: A new statistic prompts a second look at a Catholic era. 7 Sports 28-32 YACHTSMAN MISSING AT SEA One of the world's most experienced long-distance sailors, Mike Plant of Jamestown, R.I., is 13 days overdue on his one-man journey across the Atlantic Ocean. 1 Baseball: Agent says Yanks have dibs on Howe. 30 Basketball: Knicks lose first game of the season. 29 Nets' Bowie prepares for Orlando's O'Neal. 31 Boxing: Bowe takes heavyweight title from Holyfield. 29 W.B.C. to test top fighters for the virus that causes AIDS. 31 Column: Anderson on the new heavyweight champion.29 Football: Giants Notebook 30 Jets' Baxter gets the ball and thrives. 30 Sugar Bowl could decide who's No. 1. 30 College preview 32 Hockey: Devils defeat Capitals. 30 Scholastic: High school football preview32 Metro Digest 21 Business Digest 35 Arts/Entertainment 11-14 Peter Brook's new work. 11 Music: George Jones. 11 Survey of piano music. 11 Classical Music in Review 12 Dance in Review 13 Obituaries 27 Prof. Arpad E. Elo; inventor of chess ratings system. Stanley V. Margolis, professor of geology and geochemist. William Hillcourt, author of the "Official Boy Scout Handbook." Editorials/Op-Ed 18-19 Editorials A smart start on ethics. Who got stung? Not Iraq. Prejudice on parade. Public school choice, perfected. Letters Russell Baker: Outbreak of wonkery. Henry J. Aaron: What's the rush on health care? Tanya L. Domi: Let women prove they can fight. Charles Rembar: Jeeves unmasked. Finally. Maybe. Craig Whitaker: Slow down, Mr. Trump.
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NEWS SUMMARY
Date: 15 November 1992
International 3-17 MOOD OF HIGH NOON IN MOSCOW
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Sampling the Cartographer's Art; At National Geographic, Tuned to News
Date: 15 November 1992
By Eric Nash
Eric Nash
THE venerable Cartographic Division of the National Geographic Society has charted everything from the depths of the Grand Canyon (one mile) to the mountains of Mars (Arsia Mons, about 73,000 feet, more than two Everests) since the division was created in 1915. Soldiers and pilots carried National Geographic maps into combat during World War II. But John F. Shupe, chief cartographer, says 1992 has been the busiest year for making new maps that he can recall in his 26-year career. "With the breakup of the Soviet Union and Yugoslavia, and the new countries in Africa, we had 20 new pieces of geography to add to the map in about a year." Mr. Shupe expects the remainder of the decade to be equally fluid. The division's staff of 70 will be following the news, and networking with embassies and the United Nations to keep up with talk of the breakup of Czechoslovakia early next year, the formation of Nunavut, an Inuit province in Canada, in the mid-90's, and possibly a reunified Korea.
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Bank Shut By Federal Regulators
Date: 14 November 1992
By Michael Quint
Michael Quint
The First New York Bank for Business, founded in 1975 as First Women's Bank, was closed late yesterday by banking regulators, and its federally insured deposits were sold to First Merchants Bank. While insured depositors will not suffer any loss from the closing, about 550 accounts with $7.9 million of uninsured deposits could lose as much as 50 cents on every dollar above the $100,000 insurance limit. The Federal Deposit Insurance Corporation has agreed to pay 50 cents and said additional payments would depend on what it receives from the sale of assets of the failed bank in the next two or three years.
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