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CALIFORNIA | LOCAL
January 1, 1988 | ANDREA FORD, Times Staff Writer
So you want to grouse about paying almost a quarter for a postage stamp? Consider this: Newport Beach lawyer Michael T. Walsh paid $75,000 for one Thursday. And the picture on it isn't even right side up. The stamp was issued by the Iranian government in 1950 and still is glued to an envelope. It is, according to a stamp broker, the most expensive Iranian stamp ever sold, and it is thought to be one of only two of its kind still in existence.
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CALIFORNIA | LOCAL
February 13, 1988 | BOB JAMES, Times Staff Writer
Los Angeles area residents intending to go to the post office today may be in for a surprise as postal officials, seeking to cut $160 million from this year's operating budget, have closed down 21 offices on Saturdays and shortened weekday hours at more than 110 others. Mail delivery will still continue on Saturdays. However, there will no longer be Sunday pickup or processing, adding a one-day delay to mail delivery during the week.
NEWS
August 7, 1991 | SCOTT HARRIS, TIMES STAFF WRITER
A decade ago, many people considered Jack Bailey the best of men. He was praised as a humanitarian who had aided thousands of Southeast Asian refugees, hailed as a hero who had given desperate people a chance to live. One missionary called him "the most genuinely compassionate man I ever met." Then that Jack Bailey seemed to all but vanish, sinking into the murky realm where Americans haunted by Vietnam try to raise the dead--the presumed dead, that is.
BUSINESS
October 7, 1993 | STUART SILVERSTEIN, TIMES STAFF WRITER
More than 120 investigators and prosecutors looking into workers' compensation fraud in Southern California served search warrants Wednesday at 31 sites, including the homes and offices of a string of doctors and lawyers suspected of paying illicit kickbacks. The investigation is one of several major workers' compensation fraud probes launched by authorities in the region since the beginning of last year.
BUSINESS
October 7, 2000 | PETER PAE, TIMES STAFF WRITER
Northrop Grumman Corp. has agreed to pay $1.4 million to settle a whistle-blower lawsuit that accused the defense contractor of overcharging the U.S. Air Force for B-2 bomber instruction and repair manuals, federal prosecutors said Friday. In the latest allegations of overcharging on the $44-billion bomber program, a former employee accused Century City-based Northrop of violating the federal Truth in Negotiations Act by inflating cost estimates on the manuals.
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