This program is 26 minutes long
#334741
(Studio: Dan Rather) Report introduced.
(Washington: Terence Smith) FDIC (Federal Deposit Insurance Corporation) reported suing president's son Neil Bush and other directors of collapsed Silverado savings and loan; charges against Bush, Bill Walters and Kenneth Good outlined on screen. [On July 6, BUSH - comments.] FDIC (Federal Deposit Insurance Corporation) suit quoted; government hearing next week seeking to bar Bush from serving as a thrift director mentioned.
(Studio: Dan Rather) California court judge reported refusing to lower bail for Charles Keating, indicted in collapse of Lincoln Savings and Loan. Report introduced.
(Studio: Ray Brady) Chase Manhattan Bank holding company reported posting huge losses, laying off workers and cutting dividends; defaulted development loans, like those to Donald Trump, noted one reason for losses. ["National Mortgage News" Stan STRACHAN - wonders about safety of entire industry; talks about effect on sound real estate projects.]
#334742
(Studio: Dan Rather) Report introduced.
(Capitol Hill: Bob Schieffer) Progress in budget talks reported; hints that President Bush may back off from capital gains tax cut insistence examined. [Senator George MITCHELL - comments on tax fairness issue.] White House Chief of Staff John Sununu noted angry at Senator Bob Dole's proposal of voting on tax cut separately. [BUSH, Representative Richard GEPHARDT - comment on Dole's suggestion.]
#334743
(Studio: Dan Rather) Plan from President Bush's task force to protect endangered spotted owl in Pacific Northwest reported; details given of fight between environmental groups and timber industry.
#334744
(Studio: Dan Rather) President Mikhail Gorbachev reported telling Supreme Soviet to either vote on economy reform plan or grant him emergency powers; lack of quorum noted postponing vote; scenes shown.
#334747
(Studio: Dan Rather) State Department reported sending Iraqi diplomats home following American expulsions from Baghdad, Iraq. Report introduced.
(Baghdad: Bert Quint) Signs that Iraq is preparing for war examined; scenes shown from announcement on Iraqi television that war is inevitable. [Iraqi information minister Latif Nassif JASSEM - says we want this battle.] Iraq noted expelling diplomats from eleven countries; scenes shown of European contract workers, not allowed to leave Iraq. Iraq reported asking visiting Iranian delegation to lend use of Iranian oil pipelines.
(White House: Lesley Stahl) President Bush's warning to Iraqi President Saddam Hussein reported. [BUSH - reads statement about terrorism; comments on possibility of war.] [After meeting with Saudi Arabian officials, Senator David BOREN, Representative Les ASPIN - comment on possibility of war.] White House noted paying Iran for old legal claim.
#334748
(Studio: Dan Rather) Report introduced.
(Pentagon: David Martin) While President Bush played down possibility of war, Marines reported making practice landing on coast of Oman from amphibious assault ship USS Nassau; Pentagon officials quoted. [USS Nassau Rear Admiral John LaPLANTE, 4th Marine Brigade Major General Harry JENKINS - describe amphibious assault on Iraq.] [Marine Commandant General Al GRAY - comments on house-to-house combat training.]
#334751
(Studio: Dan Rather) Report introduced.
(Washington: Rita Braver) Use of federal Racketeer Influence and Corrupt Organizations (RICO) act against Charles Keating's Lincoln Savings and Loan reported causing business groups to seek RICO reform; reasons detailed. [Investors Ramona JACOBS, Leah KANE - comment on RICO suits against Lincoln.] [Business Labor Coalition for RICO Reform Barry DIRENFELD, accountant's lobbyist Richard MOE, Representatives William HUGHES, John CONYERS, Senator Dennis DeCONCINI, plaintiff's attorney Bill LERACH - give opposing opinions.]
#334752
(Studio: Dan Rather) Woman who contracted AIDS from dentist in Florida recalled; two more cases involving same dentist reported.
#334753
(Studio: Dan Rather) Initial agreement in Santa Ana, California, court between genetic parents and surrogate mother of baby reported; further ruling Thursday noted; scenes shown.
#334754
#334756
(Studio: Dan Rather) Report introduced.
(Persian Gulf: Anthony Mason) USS Wisconsin, enforcing Persian Gulf embargo against Iraq, reported visiting United Arab Emirates for shore leave; scenes shown. [SAILORS - comment.] [Sailor Duane SIPE - talks to girlfriend Tracy Clifton on telephone.]
#683683