The Hartford Courant


Friday, April 28, 1995


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Top news

The FBI reveals the latest clue in the Oklahoma bombing investigation -- Arizona license plate LZC646, which may have fallen off suspect Timothy McVeigh's getaway car. McVeigh makes a court appearance, and the death toll in the bombing passes a grim milestone: more than 100 bodies have been recovered.


Business

Global finance officials representing the 179 nations of the International Monetary Fund say they achieved a strong consensus for a new early warning system designed to avert future financial crises such as the one that enveloped Mexico late last year...

A key Senate committee holds hearing on an insurance industry proposal to scale back the Superfund, the federal program to clean up 1,300 toxic waste sites around the country. Insurers have an estimated $250 billion in liability claims riding on their proposal...

If General Dynamics buys the Bath Iron Works in Maine, it would probably make sense for the parent of Electric Boat to move some operations from the Maine shipyard to EB's hull fabricating yard in Quonset Point, R.I., analysts say...

Bank of Boston Corp. shareholders are told the company intends to remain independent, although Chairman Ira Stepanian says the parent of Bank of Boston Connecticut would consider a merger of equals...

Increasing the value of Dexter Corp. stock, which one shareholder says has ``gone nowhere'' in 10 years, will be management's top priority, according to officials at the annual meeting...

Personal income grew at a slower pace in Connecticut last year than the nation. But the state held its No. 1 ranking in per capita income...

The Middlefield-based Zygo Corp., bolstered by rising sales of its precision instruments, announces sharply higher sales and earnings for the third quarter...

Bombs planted in rented Ryder trucks have been blamed for the Oklahoma bombing and the World Trade Center blast. But the rental truck company has survived the negative publicity in both cases, mostly due to the speedy help it gave authorities to pin the suspects...

Americans could wind up paying an additional $6 billion for medicine because of an oversight in the new world trade agreement that extends the patents of brand-name drugs, a senator asserts. . .

A top hotel industry official says he's found indications of price gouging on Olympic rates during a tour of Georgia's inns.


Trend/outlook

Conventional wisdom says regional economic activity follows the national business cycle. In reality, regional economies can have their own cycles, as demonstrated by the economic growth of the Midwest throughout the 1989-91 recession. If the national economy stalls this summer, will Connecticut follow, or continue the admittedly weak recovery we are currently experiencing? There is good reason to believe we will continue to grow. Note that recent national housing starts are down, while starts in the Northeast are up. (Contributed by Bruce Blakey, corporate economist, Northeast Utilities.)


Connecticut news

Legislators staged an all-night meeting at the Capitol before finally hammering out a compromise on the controversial issue of welfare reform at 5 a.m. today. The details haven't been announced yet, but the package reportedly includes a 21-month cutoff for employable welfare parents, which would be the toughest statewide cutoff in the nation, and fingerprinting of recipients. . .

The manager of a Southington ice cream store is suspended after refusing a customer's request to write ``Happy Birthday'' in Spanish on a cake, telling her, ``This is America. . .

Connecticut is among the top eight states in the nation in reading proficiency of its fourth graders, according to a Congressionally-mandated test given by the federal government. . .

The plaintiffs appeal Judge Harry Hammer's decision in Sheff v. O'Neill, asking the state Supreme Court to hear the case on an expedited basis. Meanwhile, more than 100 students attended a protest of Hammer's decision, and hundreds more have sigend a petition they plan to send to state officials.


National

President Clinton tries to pave the way to a smooth summit in Moscow, urging Russian President Boris Yeltsin to turn a cease-fire in Chechnya into a permanent settlement. ``The tone was positive,'' a White House official says of the 30-minute telephone conversation. . .

Prosecutors get ready to unveil the long-awaited results of blood analysis in the O.J. Simpson murder case, trying to show traces of blood from Simpson, his ex-wife and her friend flowed together at the murder scene. . .

A hearing is scheduled in Lumberton, N.C., for one of two men charged in the slaying of Michael Jordan's father. The hearing comes as Jordan and the Chicago Bulls travel to North Carolina to prepare for Friday's playoff game against the Charlotte Hornets.


International

Discovery in Zaire of 80,000-year-old barbed points and blades suggests humans first learned to make sophisticated tools in Africa, not in Europe. The tools show skills that scientists had thought were not developed until thousands of years later by European craftsmen. . .

In a macabre attempt to regain international credibility, Rwanda's president orders the exhumation of victims killed at a refugee camp. . .

A major gas pipeline blows up in a remote wooded region of the subarctic, belching a huge pillar of flames skyward in the latest breakdown in Russia's decaying oil and gas network. . .

A huge march by Zulu nationalists pressing for more regional autonomy mars celebrations marking South Africa's first anniversary of freedom from apartheid.


Opinion

Courant's opinion:

Connecticut's moribund system of financing health care for uninsured people has been given a new lease on life by the U.S. Supreme Court.


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