Genafspiller søndag den 13. oktober 1991

Total War Almost Over for Arkansas Papers

Date: 14 October 1991

By Alex S. Jones

Alex Jones

With a combination of business acumen, ruthlessness, deep pockets and near obsession with winning, Walter E. Hussman Jr. has made his Arkansas Democrat the dominant paper in Little Rock and seems poised to run the long-dominant Arkansas Gazette out of business. Since 1974, when his family-run communications company acquired The Democrat, Mr. Hussman has twice beaten The Gazette in a bitter war for advertising and circulation.

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Foreign Press Shrugs at Latest U.S. Morality Play

Date: 14 October 1991

By Alan Riding

Alan Riding

Ignoring the broader question of sexual harassment, many foreign commentators are viewing the storm threatening Judge Clarence Thomas's nomination to the Supreme Court as part of a peculiarly American ritual of savaging public figures for their private behavior. "America has flung itself again into one of those spasms of passionate moral debate that nations more tolerant of human frailty find so hard to understand," the Sunday Times of London said today in a report that carried the headline "Talking Dirty."

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News Summary

Date: 13 October 1991

International 3-20 A debate over the Saudi military -- particularly whether it should include an offensive army as well as a sophisticated air defense system -- is deadlocking negotiations between the United States and Saudi Arabia on a new security alliance. Page 1

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NEWS SUMMARY

Date: 14 October 1991

International A3-7 A request by the Soviet Union for help in creating an economic reform program was accepted by the leading industrial democracies, the Group of Seven. The group's deputy finance ministers will visit Moscow in the next few weeks to study Soviet financial difficulties. Page A1

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Good News for Thomas

Date: 13 October 1991

Exploratory surgery found no damage to the right shoulder of Chicago White Sox first baseman FRANK THOMAS. Dr. FRANK JOBE, who performed arthroscopic surgery on Thomas's shoulder Friday morning in Los Angeles, found some looseness in the joint, but no tears or other evidence of damage. Thomas will start an off-season strengthening program for the shoulder and should be fine by spring training, the White Sox trainer, HERM SCHNEIDER, said. (AP)

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A 180 Turn of the Wheel of Fortune Befalls NBC

Date: 14 October 1991

By Bill Carter

Bill Carter

Only three years ago, NBC was the top, the tower of ratings. It had won 69 straight weeks in the Nielsen race; it was making $500 million a year in profits. The fall from those heights has been steep and dizzying. NBC has not won anything lately. Its mountain of profits has been swept away. NBC executives are predicting the network will make no profit at all this television season, completing what amounts to an astonishing magic act: making $500 million disappear.

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3 Black Church Groups to House AIDS Patients

Date: 13 October 1991

By Mireya Navarro

Mireya Navarro

Three black church groups representing 150 congregations in Brooklyn, Queens and Manhattan will provide housing for people with AIDS under New York City contracts in the first organized effort by black churches to deliver AIDS-related services, officials announced on Friday. The involvement of black churches in the fight against AIDS has been gradual and hampered by theological difficulties in addressing an epidemic that affects mostly homosexuals and intravenous drug users. But black ministers say more and more churches are being moved to action by the pervasiveness of AIDS in the black community. The three groups -- Southeast Queens Clergy for Community Empowerment, Harlem Churches for Community Improvement and the Association of Brooklyn Clergy for Community Development -- will each provide 20 apartments and support services like substance abuse counseling for homeless families and single people infected with the AIDS virus. The 22-month contracts, each for $847,000, were announced at a news conference by Mayor David N. Dinkins at City Hall. The 60 units, which are expected to be opened within six months, will join 430 already provided by other social service groups at sites scattered around the city. Blacks account for 35 percent of the 33,580 AIDS cases reported in New York City through June, even though they make up only 25 percent of the population. 'Devastated by This Disease' "AIDS is a medical problem that needs to be treated with compassion," said the Rev. Preston R. Washington, president of the Harlem group. "We have counseled so many families in our communities that have been devastated by this disease that we feel it's our responsibility to reach out and support these families."

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Victor L. Ridder Jr., 49, and Wife, Mary Ridder, 48, Active Catholics

Date: 13 October 1991

By Bruce Lambert

Bruce Lambert

Victor L. Ridder Jr., president of a century-old publishing company for Roman Catholics in the New York region, and his wife, Mary Jane, died in an automobile accident last Sunday. Mr. Ridder, 49 years old, and Mrs. Ridder, 48, lived in New Rochelle, N.Y. They were killed in a collision when another car crossed over the median divider on a highway near Baltimore, relatives said. The couple was returning from Washington.

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Karin Hasbrouck, Ad Director, Weds

Date: 13 October 1991

Karin Nightingale Hasbrouck, a daughter of Mr. and Mrs. Robert Wilson Hasbrouck Jr. of New Providence, N.J., was married yesterday in Point Washington, Fla., to Bruce Wiley Watkins, the son of Col. and Mrs. Franklin Wiley Watkins of Fort Walton Beach, Fla. The Rev. Harry Houseman performed the Methodist ceremony at the Eden State Gardens. Mrs. Watkins, 28 years old, is the advertising director for Cruise Industry News, a New York trade magazine. She graduated from Boston College. Her father is a financial consultant in New York with UBS Asset Management. Her mother, Astrid Hasbrouck, teaches German at the Deutschesprachschule in New York.

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The Ginnie Mae Rate Puzzle

Date: 13 October 1991

By Carole Gould

Carole Gould

Today's falling interest rates are good news for bondholders because lower rates mean higher bond prices. For investors in Ginnie Mae funds, which hold issues of the Government National Mortgage Association, the story is more complicated. Lower interest rates prompt homeowners to refinance their mortgages. When mortgages are prepaid, the money flows to the funds to be reinvested, but the rates now in effect pull down the fund's yield.

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