5. november 1992 var en torsdag under stjernetegnet for ♏. Det var 309 dag på året. Præsident for USA var George Bush.
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Date: 06 November 1992
The role television news coverage and advertising played in the election of President-elect Bill Clinton will be the subject of two panel discussions this weekend at the American Museum of the Moving Image, 35th Avenue at 36th Street, Astoria, Queens. The museum's current exhibition is "The Living Room Candidate: A History of Presidential Campaigns on Television, 1952-1992."
Date: 06 November 1992
By Alan Finder
Alan Finder
The New York Times, which had considered moving all of its printing operations out of New York City, has decided instead to build a $280 million printing plant on city-owned land in College Point, Queens, company executives said yesterday. Under an agreement announced yesterday at a City Hall news conference with Mayor David N. Dinkins, The Times will lease 31 acres in a city-owned industrial park just west of the Whitestone Expressway. The city and state will grant tax incentives, low-cost energy and other benefits worth a total of $29 million over the course of a 35-year lease. The Times currently employs about 1,000 people in press and delivery operations for the daily newspaper at its corporate headquarters, at 229 West 43d Street in Manhattan. When the new plant is completed -- which company officials said would probably not be until late in the decade, at the earliest -- the printing and distribution operations now in Manhattan will be shifted entirely to College Point. Company officials said they did not know exactly how many people would work at the new plant, which they said was needed to accommodate high-speed color presses. Another Plant in New Jersey The business and news operations of The Times, which employ about 2,000 people, will remain on 43d Street, just west of Times Square. The Times recently completed a $450 million printing plant in Edison, N.J., where advance sections of the Sunday paper are now printed. When that plant is in full operation early next year, the newspaper will begin shutting down an older plant in Carlstadt, N.J. The Sunday sections and some copies of the daily paper have been printed in Carlstadt. The incentives offered by the city and state to The Times are larger, in proportion to the number of jobs involved, than comparable incentive packages offered recently to other major New York corporations. But city officials contended that the expense was reasonable because of the large capital investment that The Times will make in the new plant and because manufacturing jobs are particularly hard to attract and keep. The incentives also cover a much longer period than other agreements. The Times searched for more than 10 years for a large site in the city for a new printing plant for the daily paper, said Arthur Sulzberger Jr., the publisher of The Times. Company officials said they had also considered sites in Westchester County and had contemplated rebuilding the Carlstadt plant and equipping it with high-speed color presses. 'Host of Reasons' That option, which Mr. Sulzberger said would have been less expensive than relocating within New York City, even with the financial incentives, was ultimately dropped in favor of the Queens site. "For a host of reasons, among them better distribution and a fundamental commitment to this great city, we believe this decision is in the best long-term interest of The Times," Mr. Sulzberger said in a letter to the staff yesterday. Arthur Ochs Sulzberger, the chairman and chief executive of The New York Times Company, described the land in College Point -- now the site of a Police Department automobile pound -- as "the perfect size and shape" for a modern printing print. "We had long hoped to keep some manufacturing operations in New York City," he said at the news conference. Initially, he said, it appeared that retaining the printing operation of the daily paper in New York would be far more expensive than shifting all production and distribution to New Jersey. The incentives helped close the gap, he said. "The New York Times and the city go back a long way -- to 1851, in fact," he said. "So it's extra fun to stand here and talk about a project that will take us well into the next century. As you must see, we have faith in the city's future and its long-term vitality." 'Take Great Pride' The Mayor noted that The Times's announcement followed decisions in recent months by other major corporations, including the Morgan Stanley Group, Prudential Securities and four of the five commodities exchanges, to remain in New York. "We take great pride in serving as the world's communications capital," Mr. Dinkins said. "Today I am especially proud to reaffirm that status in announcing that all the news that's fit to print in The New York Times is going to be fitted and printed in the borough of Queens." Of the $29 million in incentives, slightly less than $9 million is incentives that the city would offer automatically to any business that would lease the site, said Carl Weisbrod, president of the city's Economic Development Corporation. The remaining $20 million in incentives are discretionary. About $11.3 million will come from the state, in the form of low-cost electricity from a state-owned nuclear power plant and exemptions from state sales taxes on construction materials, Mr. Weisbrod said. Poor Soil Conditions The city will provide an additional $8.7 million in incentives, including a $4.7 million grant to help build a foundation for the building. Soil conditions on the marshy site are very poor, Mr. Weisbrod said. The city will also provide relief from some city sales taxes and payments in lieu of taxes, he said. The cost of the agreement to the city and state is relatively high, compared with incentives to other corporations. Morgan Stanley agreed last month to a $39.6 million package of incentives to keep 4,100 jobs in Manhattan for 10 years -- or slightly less than $10,000 per job. Prudential Securities is to receive $106 million in tax incentives and energy savings over 20 years to retain 5,000 jobs, or about $21,000 per job. The incentives offered to The Times would come to about $29,000 per job over 35 years if all 1,000 production and distribution jobs now at 43d Street were transferred to Queens. But Mr. Weisbrod contended that retaining manufacturing jobs was much harder in New York City than retaining white-collar jobs at financial-services companies like Morgan Stanley and Prudential Securities. He also said he could not recall a similarly large investment in a manufacturing plant in the city. "These jobs are awfully important to keep in the city," he said. "They are hard to keep in the city."
Date: 05 November 1992
By Peggy Noonan
Peggy Noonan
Having rebuffed a fine man whose Presidency failed, about half the country, I suspect, will have the rueful blues this weekend. George Bush was our last President from the great generation that held fast through a bitter depression and fought gallantly in war for a country they never doubted for a second deserved their love. Their stewardship, begun when John F. Kennedy brought the junior officers of World War II to power (Theodore White's phrase), somehow deserves better than this sodden end.
Date: 05 November 1992
By Paul Lewis
Paul Lewis
"The Mad Max is coming," a French soldier in a dark green flak jacket whispered to his companion. They stiffened to attention as a jaunty little white armored car pulled up in front of the shell-pocked building that houses what remains of the Government of Bosnia and Herzegovina. Air vents swept back on each side like reptile fins gave the two-seat Panhard scout car a rakish, daredevil look that reminds the French peacekeepers here of the Australian desperadoes and their weird vehicles in the "Mad Max" film series.
Date: 05 November 1992
By R. W. Apple Jr
R. Apple
After an election whose results rang with a cry for change but offered no specific mandate, President-elect Bill Clinton set to work shaping his new Administration yesterday, huddling with his transition team, issuing a scarcely veiled warning to Iraq and promising that over the next six months, he would "focus like a laser beam on this economy." The 46-year-old Mr. Clinton committed his Administration not only to ending the lingering recession, but also to lifting the nation to a higher level of economic productivity for years to come.
Date: 05 November 1992
By Bloomberg News
Bloomberg News
Kidder, Peabody & Company said yesterday that it had named Arturo Porzecanski its chief emerging markets economist. Kidder, a unit of the General Electric Company, hired Mr. Porzecanski from the Republic National Bank of New York, where he was chief economist.
Date: 05 November 1992
By Bloomberg News
Bloomberg News
The Westinghouse Electric Corporation said yesterday that it had been awarded a $94 million contract by a Mission Energy Company unit to build a co-generation plant in Florida. The plant, which is expected to begin operating inthe Auburndale, Fla., area between Orlando and Tampa in the summer of 1994, will supply power to the Florida Power Corporation, a utility subsidiary of the Florida Progress Corporation, and steam to local industries.
Date: 06 November 1992
By Bloomberg News
Bloomberg News
The Primerica Corporation plans to offer Mastercards with a 1 percent rebate on purchases to policyowners of its life insurance unit. Primerica Financial Services will initially offer the Mastercard to 187,000 pre-approved Primerica Life Insurance customers, as part of a marketing effort, the company said yesterday. By the end of 1993, the program will expand to about 750,000 policyowners. The card will be issued through Primerica Bank.
Date: 05 November 1992
By Bloomberg News
Bloomberg News
Alexander's Inc. has reached an agreement to sell its lease at the World Trade Center mall to the retailer Daffy Dan's for up to $6 million, an Alexander's lawyer told Federal Bankruptcy Judge Cornelius Blackshear yesterday. The store, the largest tenant there, is now closed. The Port Authority of New York and New Jersey, which runs the mall, had been pressing Alexander's to decide whether it wanted to assume or reject its lease. On Tuesday, the Caldor Corporation, a discount retailer, bid $92 million for six Alexander's properties, topping the $82 million that Bradlees Inc. had offered.
Date: 05 November 1992
By Bloomberg News
Bloomberg News
The Kemper Corporation said yesterday that it planned to sell its two primary property and casualty insurance subsidiaries to focus on its core life insurance and asset management businesses.