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Show 416A Friday, Feb. 14, 1992 Standard-Examiner Cheney has no solutions for military contractors facing SAN DIEGO (AP) — Defense n y. | a cuts ‘ican engineers nationwide who were Pentagon budget cuts. through (previous) difficult periods conference. “I hope the private sector will adjust (to the proposed cuts in pro- of adjustments.” that gathered to discuss the future of straicgic weapons systems — and Cheney noted in his speech that reductions in U.S. strategic the Pentagon is erned about t guesuion of industrial base “We're probably going to have to er jobs. ough he said the Defense Department was prepared to help industries eng ged in weapons duction of ballistic weapons systems and warheads) as only the private sector can,” he said. “The only thing I can suggest is The Department of Defense doesn’t have the authority to offer incentives that could help military Contractors convert to peacetime weapons systems, while painful for parts of the defense industry. resulted from two positive developments — the end of the “Cold Secretary Dick Cheney had few words of comfort f WF aerospace sci- Institute of Aeron nautics conference entists and engineers facing an uncertain employment future becau ef cr backs in military spending Afier outiining recent cuts in de- ense-related procurement pro- e the grams and describing the envisioned future role of the U.S. S and Thursday w act with 1@ private sector.” he s than 50 aerospaces > research and development, Cheney that you guys are (a) tremendously technologies and production. Con- War” and proposed reductions in offered no specific solutions for military contractors threatened by creative dynamic private sector out there. and that we have been gress would have to initiate such aid, Cheney said later at a news the Soviet republics’ nuclear arsenals. FDIC issuesclarifications to easethe credit crunch WASHINGTON (AP) — The nder pressure | wmakers, said Fr land it will Thursday p plain steps to he trugeling borwers victimized by bankfailures. The policy “clarifications” by the ly Sn )f harsh treatment and in- dence, R.! profitab tinue to borrow even if the value of ollateral has declined. The bannk. Recol federal help is availble for borrowget new credit once their fied as criticism, nank insurance agency also said ' from failed banks expire though the» FDIC insisted the irked no chan I policy, vt s under the « federal agency Reece nd other 1 Ul Lt S sions, The FI wil intimidation or hi those doing business w receivership. Moreover kruy will investigate any cha r some borrov - il n Kerr id . it @ Includes deluxe 5 pe. tool set @ Attached tool caddy SKU #1105647 comes who sa- tions under a th a fail Performance’ 650 @ Swivel Hose for maximum {3% manueverabllity @ Comfort hand grip @ Deluxe Powermatic™ noz- ~ zle @ Brustied edge cleaning on oretonith A | | behing maximur en, SKU #1105353 | } la \ | \1 \| nk NOW JUST... “Thisisaerestalementot CxiStins licy.” said FDIC st tA . “Wa « ple’s minds ¢ O95 298! . : 1 = ‘: i held ublic j j e in crowded contentious public |E é | and Prete Cee ' j 7 = _ WE CARRY OURJ OWN semi =a WEA HONOR CREDIT ACCOUNTS: in-store n R.C. Willey’ e Terneral © ~ ) = prajor Credit Dept.con handle. IT CARDS! your finance needs with low monthiy poyments to _ WW 1 iT ks Sirforuiance’™™ wgHelp - yrrowers refinance loans when they become due w Not . inish banks who refi nance such loans | f themas risky. Orily Q BS : will: — iny . gS in xortla and,aaune, Vacuum Cleaner! ® Top tool connection cach of had Lightweight Ses Mass., amem mn D-Maine, the Senate ma- i} Total System Performance™ 750 ate f Ch FDIC chief W liam Taylor and Sens. Jo} in Kerry, D-Mass., William Cohen, R-Maine, and George hb Powerful i.l Peak HP e inking Comn ty and i€aa ider. The lawmakers - i ~ IV ¢ 1, s havefinally begun v Sy7St em or Oo und nd that their past aclions were destroying viable busi1e in sting people jobs.” announcement stemmed irom a meeting last week between a ht ing to impro way of doing irom the approach that helped = aan 11S crisis,” said Sen. 1ess : 2 ri such institu1 \ ry U y Vacuum Cleaning ] ¢ : . iM y ided a R¢ say the FI anicement was long in coming ne cases, could mean the C ‘tween survival and The FDIC may call these Ica yns’ if it wishes but i ‘ 1 The FDIC « cour I | have said practice: l- : : 3 Legac: to l 1ed HOOVER‘ took over the the collapsed the min and across th } Bank of tt yt ¢ npaign yt administration to respond to ym] aints a “credit crunch” in p aft S ie timidation by Recoll Management Corp., a subsidiary of Fleet Norstar Financial GroupInc., the Provi- FDIC note that borrowers keeping ip with their payments may con-_ oans He rowers Insurance ¢ Deposit ederal ap tony eu eeet! SYRACUSE 1693 W. 2700 S. 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