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Publication: European Stars and Stripes Sunday, March 10, 1991

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    European Stars and Stripes (Newspaper) - March 10, 1991, Darmstadt, Hesse                                Sunday March 10, 1991 the stars and stripes b Page 9keating s Lincoln a amp a group dissolved Washington apr the government on Friday dissolved Charles h. Keatingjr a Lincoln savings and loan association closing out the Saga of the nations most notorious and most expensive failed Thrift. The Resolution Trust corp. Transferred the 28 branches and $2.1 billion of deposits of the Irvine  institution to great Western Bank of Beverly Hills Calif. The Agency estimated the ultimate Cost of the Rescue at $2.6 billion making it the costliest Ever to taxpayers. For Many americans Keating now under state Crimi a rial indictment in California came to personify the Thrift debacle. His aggressive lobbying to prevent regulators from reining in his foundering institution ensnared five senators the so called Keating five in scandal. Regulators seized Lincoln in april 1989 and offered it for Sale four months ago. It will reopen for business monday As part of great Western the nations second largest Thrift with $39 billion in assets at the end of september Quot _ services to customers will continue without interruption and deposits continue to be federally guaranteed up to $100,000 per  Trust corporation said great westerns bid was the least costly to the government of 27 proposals great Western is paying $12.1 million or the right to acquire Lincoln a deposits but is purchasing Only $6 million of its sour Loans real estate and other assets. The Agency has already adv Antul $1.9 billion in Cash to cover Lincoln a losses while the a amp a was under its control and it will pay out another $2 billion to great Western. It Hopes to recover about $1.3 billion of that by Selling Lincoln a assets including a lavish Golf resort and spa near Scottsdale Ariz. Keating attorney Stephen Neal said the Transfer to great Western wont affect the securities fraud Case in California against Keating. A Lincoln is the most expensive bailout concluded by the Trust corporation since its creation by Congress in August 1989.War s end seen As boost for . Economy a a i unit a a. A Quot police arrest Wilfred Lapierre during protest in Providence . By the associated press americans will go Back to buying cars refrigerators and televisions purchases they put off during the Gulf War the nations top economic official predicted Fri a Day. A a a a a a Quot Ai / Treasury Secretary Nicholas f. Brady visiting new England to discuss a regional credit squeeze cautioned however that the military Victory won t bring an immediate economic recovery. A i done to think we should assume just because the War in the persian Gulf was Over a week or 10 Days ago that that a going to translate into the Economy in the next 15 minutes a Brady said after a closed door meeting with Connecticut Bankers and business leaders in Hartford. The War a had everybody in this country tuned to their television sets thinking about what it meant to them individually. A is it a Good time for my family to go out and buy a new car or a new House or a new refrigerator a a Brady said. People postponed those purchases because of possible Adverse economic Impact of a Long War he said. /. �?o1 expect that the end of the War will have a material a effect on conditions in the United states. It Isnit going to solve All our problems right away but its going a to be a big help a Brady said. Bradys comments came hours after the labor department reported a surge in unemployment to 6.5 percent in february its highest rate in four years. Mis comments also followed publication of a new York times lbs news poll showing americans Are turning their attention from the War of the Economy. But Brady rejected a gloom and Doon interpretation of the american economic mood a basically the american people Are optimistic and so am  later Friday about 30 demonstrators picketed Bradys appearance at the chamber of Commerce building in Providence . One elderly Man identified As Wilfred Lapierre 76, who tried to Force his Way into the meeting was arrested and dragged bloodied from the building. It. The demonstrators also jeered Rhode Island gov. Bruce g. Sundlun a handling of the states banking crisis. In january the state took Over 45 Banks and credit unions after their private Deposit insurance fund failed. Most of the Banks have reopened under new management but tens of thousands of depositors in a few of the institutions still have no Access to their Money. Brady later travelled to Boston where political and business leaders described Low a credit crunch is further sinking the state . Court orders vaccinations after 8th child Dies Bala Cynwyd a. Apr an eighth child died Friday in a measles epidemic m the Philadelphia area. Six of the deaths have occurred in families from two fundamentalist churches that shun medical treatment. As a result of the deaths five other preschoolers were vaccinated under court order a society does put limitations on religious rights a Superior court judge Vincent Cirillo said in ruling against the three families just hours before the you Rig sters were vaccinated. Three families had appealed a Philadelphia family court ruling ordering the vaccinations. Deputy health commissioner Robert Ross administered the shots Friday evening in the presence of parents a few grandparents and elders of the Faith Tabernacle congregation which the families attend. A the atmosphere was somewhat tense a said Ross. A a in be Given thousands of shots in my lifetime a in a a paediatrician a but it was not like routinely giving shots.�?�. The latest victim of the epidemic a which has resulted in More than 700 cases of measles since  19-month-old James Jones. Officials said the child contracted measles nearly two weeks ago and suffered convulsions. He died Friday morning at a Hospital two Days after his father alerted health officials. Ross said officials believed the child died from measles but were awaiting confirmation from the medical examiners office. His Mother is a member of Faith Tabernacle As Are the families of four other victims. The family of one child who died belongs to first Century gospel Church which has similar beliefs. None of the victims had been inoculated against measles. 2nd suit filed in connection with Suda fed capsule deaths Seattle up a a second lawsuit has been filed in the deaths of two people who took Suda fed cold capsules tainted with cyanide. Daniel Sullivan a lawyer for the family of Kathleen Daneker of Tacoma said the suit filed Friday in . District court charges that the capsule produced by Burroughs wellcome co. Is dangerous and should be banned. Damages were not specified. The company ordered a nationwide recall of Suda fed 12-hour cold capsules on March 3, about 10 hours after officials connected the deaths of Daneker 40, and Stan Mcwhorter 44, of Lacey to tampered packages of Suda fed. Mcwhorter a widow s. Jane Mcwhorter filed suit in . District court in Tacoma on wednesday accusing Burroughs wellcome of negligence for not ordering a recall sooner. Her attorney Paul Whelan said the company should have notified retailers to take Suda fed off the Market after the company Learned on feb. 6 that Jennifer Mel ing 28, of Tumwater wash., nearly died after ingesting Suda fed 12-hour capsules on feb. 2. Daneker died feb. 11, the Day after her wedding and Mcwhorter died feb. 18. Philip r. Tracy president and chief executive officer of Burroughs wellcome of research Triangle Park n.c., denied the allegations during a Seattle news Coli Ference last week. He noted Suda fed contains three tamper resistant features instead of the two required by Law. The company has offered a $100,000 Reward Lor information leading to the arrest and conviction of whoever is responsible for tampering with the capsules. White Plains . Apr Metal fragments found in boxes of chocolate pudding mix triggered a Cross country recall Friday by general foods Usa. The recall affects specially coded boxes of sugar sweetened chocolate jello Cook no serve pudding and pie filling and chocolate jello instant pudding and pie filling in both 5/x-ounce and 3/2-ounce sizes general foods spokeswoman Nan Redmond said. On the Side of the affected boxes is an embossed code starting with the numbers 1032 through 1039 followed by the letter s and other letters or numbers. The tainted pudding mix was distributed in California Texas Arizona Nevada Alaska Hawaii Oregon ton Colorado new Mexico Utah Montana Anil Idaho. A a a a the Metal fragments were caused by a defective machine part on the chocolate pudding production line at one manufacturing Plant Redmond said. The boxes would have been purchased on or after feb. 1. Fewer than 1,000 packages could be affected she said. Packages bearing the codes should be returned to general foods Usa consumer response Center 250 North st., White Plains . 10625. Or affected Consumers May Call the of Usa consumer response line at 1-800-431-1001  
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