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The Pantagraph from Bloomington, Illinois • Page 8
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The Pantagraph from Bloomington, Illinois • Page 8

Publication:
The Pantagraphi
Location:
Bloomington, Illinois
Issue Date:
Page:
8
Extracted Article Text (OCR)

A8 THE PANTAGRAPH, Monday, Aug. 12, 1991 i l' i -1 i i i I ibi.i.ib i i.ibi rv Mostly sunny and warm today. Highs in the lower to middle 80s. East to southeast wind 10 to 18 mph. Fair and mild tonight Lows in the low 60s.

Mostly sunny again Tuesday, with highs in the lower to middle 80s. Fair to partly cloudy and mild Tuesday night Lows in the low to mid-0s. ngor The outlook Wednesday through Friday calls for warm days and mild nights. Clouds will increase along the Ohio River Wednesday, with a partly cloudy sky elsewhere through Friday. Showers and thundershowers are possible south Wednesday, moving north Thursday and Friday.

Highs in the 80s. Lows in the 60s. ill I I Ill I I II nfiM MINNESOTA WISCONSIN Milwaukee 6181 IOWA 1 Chicago I Des Moines Vl mtuA 6283 6184 A Btoomlnflton-Normal 6084 ILLINOIS Columbia 6285 st.LouisI 885 Carbondale MISSOURI 1 MICHIGAN Wastlanslng I 5784 INDIANA kidanapolls 6083 Lolle 6384 kKENTUCKY 4 (WWW I RAIN 41-60- 7 7 THUNDERSTORMS 61 80 SNOW 81 100 lllllllllllll ICE 101-120 CoaM lM1CtnMWMMfSv4a. he Miami Cool, dry high pressure over the Great Lakes region will continue to influence the weather over the Midwest and into New England. Highs will hold to the 80s, with lows in the 50s and 60s in this area.

Tropical moisture, combining with a weak frontal system across the southern U.S., will keep up the threat of showers and thunderstorms. Scattered showers and thunderstorms also will be found over the southern Rockies. A weak low pressure area, and moisture from a tropical weather system, are producing showers and thunderstorms in Arizona and southern California. I State Tomorrow dr -3 clr cdy cdy cdy A. Mostly sunny and warm.

Highs 83 to 86. East to southeast wind 8 to 1 6 mph. HI Lo 82 64 78 85 84 55 88 58 83 57 85 68 82 58 day Chgo.OHr -clear Chgo.dtn clear Marseilles dry MoHn pddy Peoria -pekty Rockford clear Spmgtld hldds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Wednesday Partly cloudy and warm, chance for a shower south. Highs 83 to 86. Southeast wind at 1 0 mph.

Thursday Party sunny, warm and more humid. Chance for a shower or thundershower. Highs 84 to 88. 0- 3) Sunset today Moon rise tomorrow 7:57 p.m. 10:00 a.m.

Sunrise tomorrow Moonset tomorrow 6:05 a.m. 929 p.m. Blooming ton-Normal HI Lo Yesterday 88 65 Yesterday's record 1001941 481903 Today's record 991905 451967 Rag staff 89 52 .08 Green Bay 85 52 Greensboro.N.C. 85 87 Hartford 81 60 Honolulu(3549) 69 78 Houston(3531) 97 76 Indianapolis 84 67 Jackson, Miss. 93 74 .01 Jacksonvllle(3550) 96 75 Juneau 58 52 Kansas Clty(3532) 66 56 Las Vegas 68 69 .74 Little Rock 90 70 LosAngeles(3533) 86 67 Louisville 88 64 Memphis 88 71 Mlaml(3534) 89 62 Milwaukee(3535) 79 69 Mpls-St Paul(3536) 85 60 Mobile 88 73 Nashvllle(3551) 89 84 New Oriens(3552) 87 73 New York(3537) 81 66 Nortolk.Va.

86 72 Oklahoma City 90 68 Omaha 84 61 Oriando(3553) 94 76 .01 Philadelphla(3538) 82 67 Phoenlx(3539) 97 74 .02 Pittsburgh(3540) 86 56 Portand(3554) 81 64 Providence 82 63 Raleigh-Durham 88 70 Rapid City 81 68 Richmond 88 65 Sacramento 97 63 St Louls(3S41) 85 63 Salt Lake City 92 74 San Antonio 99 77 San Diego(3S42) 78 85 San Fran(3543) 81 57 San Juan.P.R. 89 79 Santa Fe 82 68 St Ste Marie 60 52 Seattle(3544) 72 56 Sioux City 82 67 Sioux Fans 80 50 Spokane 77 46 Syracuse 77 62 .18 Tallahassee 96 73 1.60 Tampa(3545) 93 81 .28 Topeka 85 56 Tucson 94 68 Tulsa 91 68 87 69 Wichita 89 82 Wilmington.Del. 62 64 Worcester.Masa. 75 68 Friday I World I Sunday HI Lo Wthr Amsterdam 88 69 cdy Athena 93 75 dr Bangkok 90 79 dr Barbados 89 78 cdy Barcelona 77 83 dr Belling 90 72 dr Beirut 88 70 dr Belgrade 93 84 dr Benin 77 55 Bermuda 89 80 dr Bogota 68 46 dr Brussels 70 48 ody Budapest 81 67 clr B'Alrea 60 41 cdy Cairo 90 72 clr Calgary 91 57 cdy Caracas 81 84 ody Copenhagen 70 64 cdy Dublin 68 57 cdy Frankfurt 84 68 cdy Geneva 82 66 dr Harare 75 48 clr Helsinki 68 67 cdy Hong Kong 88 82 cdy Istanbul 72 88 clr Jerusalem 77 63 dr Jo'burg 84 41 dr Kiev 79 61 dr Urna 66 69 cdy Lisbon 95 72 dr London 75 64 cdy Madrid 91 64 dr Manila 84 75 Mexico City 77 65 cdy Montreal 70 57 cdy Moscow 68 55 cdy Nairobi 70 64 Nassau 89 73 dr New Delhi 95 82 Cdy Nicosia 93 70 clr Oslo 77 63 clr Paris 84 69 dr Rio 86 66 cdy Rome 95 88 dr San Juan 89 80 dr Santiago 69 30 dr Sao Paulo 82 66 cdy Seoul 82 70 dr Singapore 91 77 cdy Stockholm 70 67 cdy Taipei 88 77 cdy Tel Aviv 84 73 dr Tokyo 84 72 cdy Toronto 75 64 cdy Vancouver 70 63 Vienna 88 64 dr Warsaw 77 59 cdy Parity sunny and warm, scattered showers and thundershowers. Highs 84 to 88.

South wind. cdy cdy ody cdy clr dr cdy cdy cdy cdy 3 dr cdy Hf dr cdy cdy cdy cdy cdy rn 3 2f 3 3 dr cdy ody cdy cdy cdy cdy cdy Nation Sunday HI Lo Pre Otlk Albany.N.Y. 77 68 clr Albuquerque 83 59 cdy Allentown 79 61 clr Amartllo 82 63 cdy Anchorage(3547) 66 65 .10 cdy Ashevllle 80 64 cdy Atlanta(3522) 82 72 .09 cdy Atlantic City 82 62 clr Austin 99 76 cdy Baltimore(3523) 86 62 cdy Billings 93 62 cdy Birmingham 88 72 .03 cdy Bismarck 87 66 clr Boise 90 48 clr Boston(3524) 83 67 clr Brownsville 97 79 cdy Buffak)(3548) 81 80 clr Burllngton.Vt. 77 59 .04 clr Casper 98 64 cdy Charieston.S.C. 86 77 .02 Charieston.W.Va.

84 58 cdy Chariotte.N.C. 89 71 cdy Cheyenne 81 64 .01 cdy Chlcago(3525) 83 54 dr Cinclnnati(3526) 85 81 cdy Clevelend(3527) 84 65 clr Columbus, Ga. 88 74 rn Conoord.N.H. 82 53 cdy Corpus Christ! 96 78 cdy Dallas(3528) 90 72 cdy Dayton 84 54 cdy Daytona Beach 95 75 Denver(3529) 88 58 cdy Des Moines 82 61 clr DetroH(3530) 66 59 clr Duluth 84 52 dr El Paso 86 68 .18 cdy Eugene 82 50 clr Evansville 89 59 cdy Fairbanks 71 63 cdy Fargo 88 58 clr Precipitation Saturday August Average Year to date tor August to date 1.68" 3.40" 16.77" Yesterday None Partly sunny with a shower or thundershower possible. Highs 85 to 90.

South wind at 15 mph. 1 3)DO(D(D Waxing First Full Last Waning Aug.12-16 17 25 Sept 1 2-7 The Ideal outdoor working weather will continue across tie farming region with partly cloudy, warm days and lair mild nights. Humidity will slowly Increase, but no real likelihood ol rain exists through Wednesday. Continue aeration ol grain bins, hay cutting and curing during tils dry period. Crops will soon need more rain, and with temperatures slowly rising, crop stress will be on the Increase by mid-week.

Livestock stress will remain at below seasonal levels. Weather updates available on CITYUNE lor some U.S. cities. Call 829-9000, then enter the low-digit number lor the city from the list above. A- I 1 I I I 1 I- I I 1 1 Y' 3 I I I liiiw JlM 1 HIT 09 'I i IS.

I Sill vm. I r- BCCI From A1 violation of the bank's own lending limits. The depositors, virtually all of whom are outside the United States, stand to lose heavily. Front men often stood in to mask the identity of the real borrowers or purchasers. The Federal Reserve Board believes that the use of front men ultimately enabled BCCI to buy control of First American Bankshares Washington's leading banking institution.

First American is run by Clark M. Clifford, the prominent lobbyist and lawyer who represented BCCI when it first began buying banks in the United States. As losses mounted, the bank apparently hatched a scheme to cover them up by making interest payments on loans with deposits from other customers. The idea was to deceive auditors from detecting the red ink in its loan portfolio. The scheme also involved offshore money parked in lightly regulated countries that could be drawn down to patch up losses elsewhere.

And when capital was needed to absorb further losses, the bank artificially pumped up its share price by lending money to existing shareholders to buy more stock. The proceeds from the stock would help balance the bank's books, but actually the bank was merely taking depositor money and investing it in the bank. Bankers, regulators and even some law-enforcement officials had only vague notions for years that the BCC Group SA, the holding company for BCCI and its affiliates, was a strange and shadowy institution. Since the early 1980s, the company's reputation made banking officials uneasy a "stateless" bank that operated in the United States and about 70 other countries, chartered in Luxembourg, run by Pakistanis, owned by Arabs, headquartered in Britain and serviced by outposts in the Cayman Islands, a well-known haven for private banking. Police and intelligence experts nicknamed BCCI the "Bank of Crooks and Criminals" for its penchant for catering to customers who dealt in arms, drugs and hot money.

"We knew that the bank had financial troubles but not that there was massive fraud," said John Atkinson, the bank inspector for the Cayman Islands and a member of the international team that shut down BCCI. "I was very surprised by the extent and size of the fraud." OFFICE From A1 with a walk from the former regional office to the new one a distance of about a mile. Walking will be about 1,700 agents and employees carrying 120 banners representing their agencies or departments. One agency will drive a float and the Bloomington High School marching band will perform. About 60 agents will be dressed formally, including top hats, white gloves and canes, Roberts said.

Those are State Farm's top Illinois life insurance agents, based on numbers of policies sold, he said. The walk is not only symbolic of the move to the new office but is reminiscent of State Farm's "parades of states" of the 1930s, he said. Each year at that time, about 1,700 State Farm local employees and agents from throughout the country would parade, by state, through downtown Bloomington to State Farm's then-corporate headquarters at 112 E. Washington St, said corporate spokeswoman Sharon Tallon. Included in the parade would be "high-toppers," the insurer's top life insurance agents who were dressed in top hats and white gloves, she said.

After Wednesday's walk, a ribbon-cutting ceremony will be conducted with Edgar, State Farm Chief Executive Officer Edward B. Rust State Farm regional Vice President Chuck Wright and other dignitaries. After a photo is taken from a crane of all grand opening participants, a barbecue lunch will be served on the grounds. The regional office will then be open for tours and dessert before the event breaks up about 2 p.m., Roberts said. Roberts said 800 to 1,000 Twin City hotel rooms have been reserved for out-of-town agents, managers and their spouses for overnight Tuesday.

Stacy Marshall-Kern, director of the Bloomington-Normal Area Convention and Visitors Bureau, estimated that the event would bring about $144,000 to the Twin Cities, based on hotel room receipts and guests buying a meal or two at Twin City restaurants. That's more impact than the average Twin City convention, which she said includes about 200 people spending about $54,000 over three days. State Farm originally planned a A walk by State Farm agents and guests from their old regional office to the new one recalls annual parades of agents in the 1930s through downtown Bloomington to State Farm's then-corporate headquarters at 112 E. Washington St. This 1935 photo shows the north side of the square looking east.

Steps forward to temporarily slow traffic Oakland then proceed south on Four Seasons Road to Lincoln Street There, walkers will turn east, cross Veterans Parkway, and continue on Lincoln until turning south onto the regional office property and ending at the front of the new facility. Kindred said Four Seasons Road south of Oakland, and Lincoln between Parmon Street and Arcadia Drive, will be closed to through traffic. Veterans Parkway will remain open, but drivers will not be able to turn onto Lincoln. Kindred said Veterans traffic probably will be delayed about 15 minutes while the agents and employees are crossing the street Twin City residents will have trouble getting around Bloomington's southeast edge Wednesday because of State Farm Insurance walk of 1,700 agents and employees from the insurer's former to its present state regional office. The walk, part of State Farm's grand opening of its replacement regional office at 2702 Ireland Grove Road, will be from 10 a.m.

to 10:30 a.m. Some area streets will be closed from 9 a.m. to 10:30 a.m., said Sgt Garry Kindred of the Bloomington Police Department The one-mile walk will begin at the rear parking lot of the former regional office, 2309 E. GREEN From A1 on significant environmental issues due to its use of outdated and, in some instances, incorrect information and its subjective analysis in ranking certain parameters," the statement said. Bob Hall, research director for the Institute for Southern Studies, said the report should send "a message of urgency" for low-ranking states.

The South is "a region where the environment is under pressure," Hall said. "It's also the region where the lawmakers are very lackluster in their attitudes to the environment" The institute is a public interest advocacy research group which says it is "dedicated to investigating economic, environmental and social conditions in the South and throughout the U.S." Hall said the group "takes a populist approach." The Green Index weighed air and water pollution measures, toxic and other waste disposal, energy use, population density and the like. It placed Oregon third behind Hawaii and Vermont for environmental conditions. For strict environmental laws, Oregon ranked second behind California, but the strong showing pushed the state into first place overall. The criteria for the Green Index reflect a broad view of environ-mentalism considering, for instance, state unemployment rates and mandatory seat belt laws.

Most of the categories are more closely related to measures of pollution, such as pounds per capita of toxic waste releases or percentage of rivers failing to meet national water quality standards. Alabama's rivers and streams won high ratings fifth place but the state's total ranking plummeted because of such categories as infant mortality, quality of shellfishing waters and safety violations at nuclear power plants. Oregon got high marks for recycling programs and for relatively low acid levels in its rainfall It survived poor scores for oil spills and forest preservation. that the opening of the regional office was significant- and scaled back the convention to the one-day event "We saw that as a commitment to our agents, employees and policyholders that State Farm will continue to grow and we ought to celebrate that growth," Roberts said. But Roberts said State Farm which lost money in insurance operations last year but recorded a net income because of investments decided a three-day convention was not a prudent expense after 1990's losses.

However, the insurer decided larger event Until several months ago, the insurer was planning a three-day convention in which the agents, managers and spouses would participate in the grand opening as well as meetings, tours of Bloomington-Normal, a restaurant fair, and a carnival at State Farm Park..

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Years Available:
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