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1983 Year

BUSINESS
January 25, 1985 | BILL RITTER
Rebounding from a small profit in 1983 and a loss in 1982, Bank of Commerce reported a profit of $501,000 for the year ended last Dec. 31, a 15.1% return on the bank's equity. The bank reported a $100,000 profit in 1983 and a loss of $194,000 in 1982. The bank also plans a $7-per-share, 12% preferred convertible stock offering this spring that could raise its current 6% capital ratio to as high as 8%, President Peter Q. Davis said.
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NEWS
March 26, 1990 | From a Times Staff Writer
Although space in local jails rose 44% nationally between 1983 and 1988, an even larger surge in inmates cut average space for each prisoner by 6%, the Bureau of Justice Statistics reported Sunday. The increased jail space was outstripped by a 54% increase in inmates, leaving nearly 10% of the nation's 3,316 locally run jails under court orders to relieve crowding.
SPORTS
November 9, 1990 | CHRIS FOSTER
Anaheim Savanna, once one of the least successful high school football teams in Orange County and last season among the most notorious, erased some bad memories Thursday night at Glover Stadium. By virtue of a 42-0 victory over Magnolia, the Rebels clinched a spot in the Southern Section Division VI playoffs. It will be their first playoff appearance since 1983. A year ago, the Rebels finished as the Orange League's co-champion with Valencia.
CALIFORNIA | LOCAL
November 18, 1986 | Lanie Jones \f7
A 2-year-old boy drowned in his family's swimming pool, becoming the 20th child to die by drowning in Orange County this year, authorities said Monday. Deputy Coroner William King said the mother of Justin Medeck, 2, left him in the care of a baby sitter Sunday morning. When she returned home at noon, she found him face down in the pool, King said.
NEWS
March 28, 1998
Betsey Cushing Roosevelt Whitney, 89, multimillionaire philanthropist and widow of John Hay "Jock" Whitney. Also the first wife of James Roosevelt, Whitney was the last surviving of three Cushing sisters of Boston known for their beauty, charm and influential marriages. Her wealth had been estimated at $700 million. As President Franklin D. Roosevelt's daughter-in-law, she often served as White House hostess when Eleanor Roosevelt was absent. Later, as Mrs.
SPORTS
October 25, 2012 | By Lisa Dillman
President? King? Commissioner? Yes, David Stern's accomplishments as NBA commissioner have been significant since he took office in 1984. Here are some signature moments of his tenure, in no particular order: - The average NBA player salary skyrocketed from $250,000 when Stern took over to $5 million. - The Dream Team's Olympic participation, starting in 1992 at the Summer Games in Barcelona, Spain. Magic Johnson and Michael Jordan lighted the torch and the legacy has endured, landing in the safe hands of LeBron James and Kobe Bryant in the London Games last summer.
BUSINESS
January 24, 2014 | By Ricardo Lopez, This post has been updated. See the note below for details.
The share of American workers belonging to labor unions held steady in 2013, remaining unchanged at 11.3%, the U.S. Bureau of Labor Statistics reported Friday. Overall, 14.5 million workers belong to unions, that's down from 17.7 million in 1983, the year for which comparable data were first available, the agency said.  American labor has seen a steep decline in its membership for years, and the report released Friday suggests that -- at least for now -- the diminishing membership has halted.  [Updated 8:40 a.m. PST, Jan. 24 : Richard Trumka, president of the AFL-CIO, the country's largest labor federation, said the report showed gains in some parts of the country, including the South.
BUSINESS
May 7, 1985 | BRUCE HOROVITZ, Times Staff Writer
Cushman Electronics Inc. on Monday reported its sixth consecutive quarter of net losses, forcing the Newport Beach-based firm to cancel its regular second-quarter cash dividend. The radio and telephone test equipment manufacturer reported a loss of $450,000 for the second fiscal quarter ended March 31, compared with a loss of $349,000 for the prior-year period. Cushman's six-month net loss nearly doubled, to $711,000, from a net loss of $347,000 during the first half of its 1984 fiscal year.
SPORTS
January 25, 1990 | SEAN WATERS, TIMES STAFF WRITER
The Van Nuys High girls' basketball team on Wednesday fired more errant missiles than are launched from Cape Canaveral, missing its first 15 shots. Call it nervous tension. In a game matching undefeated Mid-Valley League teams, the Wolves felt uncomfortable playing for a possible championship at North Hollywood. "I was so nervous because this game meant so much to me," said Van Nuys center Stacie Toon, who missed her first six shots. "We're playing for first place and I was scared."
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