Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!news.media.mit.edu!americast.com!americast.com!usa-post Newsgroups: usa-today.news From: usa-post@AmeriCast.Com Organization: American Cybercasting Approved: usa-post@AmeriCast.com Subject: news Tue, Jul 28 1992 Date: Tue, 28 Jul 92 04:32:03 EDT Message-ID: DECISIONLINE: News USA TODAY Update July 28, 1992 Source: USA TODAY:Gannett National Information Network IRS PULLS PLUG ON FLOOD VICTIMS: Some taxpayers who used a one-week extension the Internal Revenue Service granted to victims of the Chicago flood are being hit with late penalties. After an April 13 tunnel collapse flooded the city's business district, the IRS said taxpayers who couldn't meet the April 15 filing deadline would have until April 22 to file. The IRS says any erroneous penalty notices can be corrected. PATRIOT MISSILES SENT TO KUWAIT: Eight Patriot missile batteries were sent to Kuwait Monday in what the Pentagon calls a "deterrent" to Iraq. The Patriots - and the reported deployment of the aircraft carrier John F. Kennedy - are part of the U.S. response to Iraq's continuing defiance of gulf war cease-fire terms. President Bush, Secretary of State James Baker and other officials met late Monday to discuss the crisis. BILL WOULD AID HOMEOWNERS: Homeowners who take a loss when selling their homes could get a tax cut soon. The House on Monday passed a bill to give homeowners a limited tax break for selling their homes at a loss. Federal tax laws currently don't let homeowners deduct losses on home sales. The bill goes to the Senate Finance Committee Wednesday. Lloyd Bentsen, D-Texas, committee chairman, supports the bill. GEPHARDT WANTS ISSUES RESOLVED: House Majority Leader Richard Gephardt, D-Mo., Monday called on the Bush administration to resolve issues of pollution and workers' rights in negotiating a free-trade agreement with Canada and Mexico. "These are the questions which must be resolved before the president signs the (North American Free Trade) agreement," Gephardt told the Institute for International Economics. POW FAMILIES ASK FOR FILES: POW-MIA families Monday demanded the Bush administration release all files on all servicemen missing in the Vietnam War era, not just the 1.5 million pages declassified so far. The families said release of the files would be a good way for Bush to apologize to the group for telling demonstrating members to "shut up and sit down" during a speech Friday. FLOODING PROMPTS CALL TO GUARD: The Ohio National Guard was ordered Monday into Ross County and other areas hit hard by flash flooding. In southeastern Ohio's Massieville area, where the bodies of two drowning victims were recovered, authorities said 74 mobile homes were destroyed and 40 houses and seven businesses had major damage Sunday. In West Virginia, up to 5 inches of rain fell in 12 hours Monday. CALIF. BUDGET WOES TO CONTINUE: California Gov. Pete Wilson Monday predicted his state's budget crisis will last another week. Wilson and Assembly Speaker Willie Brown Monday discussed cutting aid to cities and counties while giving more power to local governments to raise taxes. Wilson and the Democrats haven't been able to agree on where the $6 billion needed to keep the state operating is going to come from. WRECKED V-22 TO BE REASSEMBLED: A barge carrying the wreckage of an experimental V-22 Osprey left Quantico, Va., for the Naval Air Test Center in Patuxent, Md. Investigators will try to reassemble the tilt-rotor aircraft to find out why it crashed into the Potomac River July 20, killing seven. In Washington, the House voted for a study of the feasibility of tilt-rotor aircraft for commercial use. PETITION DRIVE ROLLING ALONG: A 5-week-old petition drive to omit liquor stores from the rebuilding of riot-torn south central Los Angeles has grown faster than expected. Organizers had hoped to get 1,000 signatures by Aug. 1. Collected so far: 25,700. Nearly 25% of the area's liquor stores were burned or looted. Owners, many of them Korean-Americans, say the effort would deny them the right to earn a living. THIRD ROBB AIDE SENTENCED: U.S. Sen. Chuck Robb's former top aide was put on probation for four months Monday for conspiring to falsely report expenses during the 1988 campaign. David McCloud is the third aide to plead guilty to charges stemming from a federal probe of alleged eavesdropping. McCloud also was fined $10,000 on charges related to his handling of a taped cellular phone conversation of a Robb rival. SHUTTLE READIES FOR MISSION: The Atlantis crew Tuesday begins final preparation for Friday's launch on one of the most complex shuttle missions ever - a 7-day flight to test a theory that using cheap electricity instead of expensive chemicals to propel rockets could revolutionize space travel. Launch is set for 9:56 a.m. ET. The astronauts will try to generate power with a satellite tethered to the shuttle. DOW JONES OPENS ON DOWNSWING: The Dow Jones average of 30 industrials opens Tuesday at 3282.20 after closing down 3.51 points Monday. The New York Stock Exchange composite opens at 226.50, up 0.02. The American Stock Exchange market value opens at 382.06, down 0.47. The NASDAQ OTC composite opens at 564.73, down 0.88. HEAVY RAINS HEAD SOUTH: Much of the USA will have nice weather Tuesday. The exception: The South. A cold front will bring afternoon thunderstorms from Texas to the Carolinas. The front may drench the deserts of New Mexico and Arizona. Pleasant weather is on tap for the Midwest. The West will continue to be the USA's hot spot. Lots of sun is expected for the Southwest. The Northwest is also looking nice. News Editor: William Snoddy. (1-919-855-3491) Making copies of USA TODAY Update (Copyright, 1992) for further distribution purposes violates federal law. 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