January 28, 1986 |
Federal commodities regulators said Monday that they will ask Congress to outlaw leverage contracts, the futures-like investments that have historically generated a disproportionate number of fraud complaints to government authorities. The request, embodied in the Commodity Futures Trading Commission's 1986 reauthorization proposal to Congress, represents at least the fifth time since 1975 that the CFTC has tried to ban leverage contracts or subject its promoters to strict regulation.
CALIFORNIA | LOCAL
April 13, 1991 |
A major renovation of the city-owned Meadowlark Golf Course may give the city some control over the facility for the first time in 16 years. Under an agreement the city signed in 1975 that turned over operation of the 50-year-old course to a private firm, the city collects a portion of Meadowlark's revenues but has had no authority over physical conditions or the fees charged.
September 16, 1994 |
NHL Commissioner Gary Bettman, who last week got the league's first over-the-air network TV contract in 20 years, is expected to use that deal to try to gain concessions from the NHL Players Assn. when the sides resume labor talks today in New York. Bettman was the force behind a five-year, $155-million agreement with the Fox network, as well as significant sponsorship ties.
April 10, 1994 |
Nothing makes disaster more bearable than having someone to blame. As stock and bond managers took metaphorical plunges off Wall Street window ledges two weeks ago, they showered curses on the owlish head of Alan Greenspan, chairman of the Federal Reserve Board. Allegedly, by raising interest rates just the tiniest amount, Greenspan had touched a tripwire, that nudged over a domino, that blew open a dam, that wiped away a half-trillion dollars of the world's paper wealth.
May 30, 1986 |
Are you better off today than you were yesterday? The Bureau of Labor Statistics has wage figures spanning the decades since 1964 that say no. We've seen a lot of change since then. Economically, we had wage and price controls in the early 1970s and supply-side economics in the early 1980s. Inflation ballooned to frightening proportions and now appears to have subsided.
January 26, 1998 |
Green Bay Packer running back Dorsey Levens is going to be one of the big winners of Super Bowl XXXII--no matter which team wins. After riding the bench for two seasons, then splitting time with Edgar Bennett in 1996, Levens became Green Bay's featured running back when Bennett suffered a season-ending Achilles' tendon injury last summer. He responded to the new role by rushing for 1,435 yards--39 short of Jim Taylor's franchise record.
CALIFORNIA | LOCAL
September 1, 1988 |
When historians begin to assess the effect of Ronald Reagan's stewardship in the last eight years, they are apt to come to a surprising conclusion: The President's most important legacy will be the evolution that he has spurred in the Soviet Union rather than the revolution that he is given credit for in the United States.
September 14, 1988 |
Democratic presidential nominee Michael S. Dukakis on Tuesday advocated an aggressive approach to U.S. relations with the Soviet Union, emphasizing the need to use economic incentives as well as military might to "improve Soviet behavior in world affairs." In a speech that aides said defined Dukakis' strategy for superpower relations, the candidate presented a centrist view of the Soviet threat and offered no major departure from current U.S. policy.
CALIFORNIA | LOCAL
October 17, 1998 |
A fire station open house is one of those events I always mean to take in but then forget about as my family's weekend gets busy. Not this time. Two unrelated events--one sad, the other disturbing--are important backdrops to open houses today at 60 stations operated by the Orange County Fire Authority in 19 cities and unincorporated areas. The open houses had been postponed from the week before, for the funeral of Capt. Thomas O. Wall, 44, a veteran firefighter from Tustin.
October 31, 1986 |
What does it mean that Saudi Arabia's Oil Minister Ahmed Zaki Yamani lost his job? Slightly higher oil prices in the next few months, which means 20 cents or a quarter more for a gallon of gasoline in 1987. But it does not mean dramatic increases in oil prices any time soon; prices are not going back to $28 to $30 a barrel where they were a year ago.