October 25, 2012 |
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.
January 27, 1985
San Diego County set records last year in both the number of apartment unit transactions and new apartment construction, according to a report from John Burnham & Co., San Diego. For the entire year, 25,559 apartment units changed hands, up 41% from the 18,052 existing units transferred in 1983. The December total of 3,634 was the highest monthly total ever recorded in the county, the report stated.
January 25, 1985 |
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.
March 26, 1990 |
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.
November 9, 1990 |
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 |
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.
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.
May 7, 1985 |
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.