European Stars and Stripes (Newspaper) - May 31, 1991, Darmstadt, Hesse Page 6 the stars and stripes Friday May 31, 1991 $49 million Deal in suit by the los Angeles times Neil Bush and 10 other people have reached a Tanta live $49,5 million settlement with regulators Over a Law a suit stemming from the failure of their coh ado Sav Ings and loan. _ the tentative settlement Wilh the former directors of Silverado banking savings amp loan in Denver is one. Of. The largest Ever negotiated by the Federal Deposit insurance corp the Agency that insures deposits. The failure of the institution is expected to Cost taxpayers about $1 billion. The settlement requires president Bush a son and the other defendants to pay $26,5 million to the Odic. In addition the Agency will take Over a-s23 million Sil Verado indemnity fund that the directors set up for themselves in 1986 because they could not pet Dirac Torso insurance. Bush a attorney James Norland said his client is relieved. v a a a a. A a a a a a a a a a a a a. A a a the Hopes this will put it All behind them. We look at this As the end of a period a Nesland said. Quot to Nesland a who has said Buslof has been strained Finan daily by the Battle declined to comment on his cd Jenl a financial condition or Bush a ability to pay his share or the settlement which has not been disclosed. A. Investigations into Silverado showed that Bush failed to disclose his close ties to developers Kenneth m. Good and Bill Walters who defaulted on $106 million in Loans from Silverado. The Fig sued Bush and the other former directors for $200 million lust september in Federal court in Denver alleging that they were a grossly negligent in overseeing Silverado. The lawsuit alleged that the directors of the Thrift authorized excessive pay to managers and approved bad Loans and deals that caused the thrifts collapse. The settlement comes after six weeks of prolonged sometimes round the clock negotiations in Denver new York and Washington. Specifics of die tentative a settlement be made Public thursday. Bush served of the thrifts Board Fronr-1985 to 1988�?- Neil Bush a involvement in the Sii Verado a bridal has been an ongoing embarrassment father As Well As the Republican party democrats have vowed to make Neil Bush the a poster child of the savings and loan scandal. Until the Silverado scandal mushroomed last year the republicans had successfully nit the democrats on the defensive. Largely As a result of the tics Between prominent democratic senators and former Lincoln savings amp loan owner Charles h. Keatingjr. A a a Bert Ely a thai Frantl banking consultant in Alexion Dria va., said the $49.5 million amount is misleading because the Money in the indemnity fund never belonged to the directors the fund which began with. $15 million in Silverado Money was invested in securities backed by mortgages and has grown to its present amount a a a a. A. Ely argued that the settlement in reality is $26.5 million which would mean the government recovered a Little More than 13 percent of what it was suing for nearly 1 million injured by Falls on stairs study says Washington apr Falls on stairs sent nearly 1 million americans to Hospital emergency rooms last Yean sports activities also proved dangerous with basketball injuries alone accounting for More than 640,000 Hospital visits new safely figures show. The statistics to be released next week by the consumer product safety commission track injuries sustained in a number Fareas a ranging from roller skating to non professional athletics. A a the numbers Are useful to physicians trying to Edu Cale patients about the hazards of everyday activities said Der Peter Trafton an orthopaedic a surgeon at Rhode Island Hospital in Providence. However he said they re not detailed enough to help researchers spot trends that might help determine who is most Likely at risk for accidental injury. A a they re useful in getting ahead of the injury that a about to happen each year and helping to minimize the severity Quot Trafton said. A but this is just surface data that Points to a problem that needs More epidemic Al research. We really can try to dissect out by the numbers who accidents Are still the most common cause of death for people to age 44, he said v a the figures show that 998,906 people were treated in emergency rooms after they were injured in Falls on Steps and stairwells. About 43 percent of them were in the 25-64 age Range. The second largest group those age 65 years old and older comprised nearly 14 percent of the injuries. Children 5 to 14 accounted for about 12 percent those �?�15�?oth rough 24 had 18 percent and the a remain ing 13 percent involved children under age 5. Activity injuries the total injuries for selected categories reported to the consumer product safety commission by Hospital emergency rooms in 1990. Stairs and Steps 998,906. Bicycles 580,119. Kennedy ordered from wire reports a a Quincy mass. A Joan Kennedy the former wife of sen. Edward Kennedy was found guilty thursday of Drunken driving and ordered to Check into an alcohol treatment Center. She was arrested May 14 when police noticed her car swerving across three lanes of the Southeast expressway. A judge Albert Kramer sentenced her to 14 Days in an alcohol rehabilitation Center aitd�?o90 Days in jail with the jail term suspended unless another violation occurs in the next two years said Kramer s assistant. Bill Mcpace. A Kramer also ordered Kennedy to attend outpatient therapy after she is released from the undisclosed Center. She had surrendered her drive a re a License to Kramer Thadav after her arrest. A a workers killed on infield t Fri Niton Ohio a an aluminium Tell pole hit a Power line during preparations wednesday for a car race killing two workers and injuring two others. The injured workers were in guarded Condi lion said a nursing supervisor at Mansfield Genera Hospital. It was t immediately known if the. Other two died instantly she said. The four workers were erecting $ tent on the in Field of the mid Ohio sports car course for this weekend s Nissan grand prix of it said Michelle Trueman Gajoch mid Ohio a director of marketing. Dental patients sought grand rapids Michigan a health Are looking for several Hundred patients of a dentist who died of aids without having Dis closed his condition. 7 _ _ a a a or. Thomas Snedeker died july 23, 1989, at age 40. The cause of his death was reported tuesday by a grand rapids television station which obtained a copy of the dentists death certificate. Quot a a a a a a Quot there is a question of patient confidential to Quot said a Richard Nezwek president of the West Michigan dental society. A they Are trying to track Down these patients and inform them of or Snedeker a basketball organized96,199 basketball informal78,940. Basketball not specified465,616. Football organized121,635. Football informal57,868.football not specified234,791. Baseball organized116,555 baseball informal36,592. Baseball oof specified280,652 roller skates 97,842, skateboards 82,428. Grocery carts 32,866. Communications so launched Cape canaveral Fla. Apr a communications satellite needed to transmit Long distance Eliz phone Calls made in Alaska circled the world thursday following a successful Rocke ride into space. Rural Alaska television network broadcast the event live. Ala com inc., the Long distance Carrier that co owns the satellite has More than 259,000 customers throughout Alaska. A since we re going to be using the satellite it fit the occasion to let the people know what is going to Hap pen a Tony ram i rez t he network up Roj act Coord i n a Tor said from Anchorage Alaska. Quot it was a Beautiful Ala com needs the $50 million satellite to replace an aging one that was launched in 1982. The new improved satellite known ask Aurora it is expected to be operational by mid july and should last 12 years. Anutt stage based Ala com Wiit-usel6 of the sat a a ellitch a 24 channels to Send Long distance Telephone Calls computer data and occasional video broadcasts in and outside Alaska and to provide maritime and Emer Geney communications. It also will serve government agencies elsewhere in the country. Ala com has about 230 satellite receiving stat ions in Alaska. The company is required to serve All communities with at least 25 people. Garn to retire sen. Jake Garnr Utah who soared in a space shuttle and sought to. Sort out the problems of the nation s Banks announced wednesday in Salt Lake City that he would not seek re election to the Senate. He plans to finish tout his present term and then spend More time with his family. A
