Skip to main content
The largest online newspaper by by Ancestry
The Miami News from Miami, Florida • Page 10
A Publisher Extra® Newspaper

The Miami News from Miami, Florida • Page 10

The Miami Newsi
Miami, Florida
Issue Date:

11 OA The Miami News Wednesday. July 21, 1982 Cabinet OGCs state, OeDtoona Band swap ROBERT ADAMS WHml Ntwl Reporter i i 1 (0-wit met I Vv I 1 I ftteite lei litet Ng i ktltrtta Dtlttat Ctiam Sl It! SUlt .1 rittiil NW79H-8t- NW 3 fx I 5 PT Atnw" If" 1 miPpL 836 4fcrf I Ttmtami Tr SW 8 St Deltona Corp. isn't sure yet what to do with a tract of land it's getting near the Miami International Airport as a result of a swap approved yesterday by Florida Gov. Bob Graham and the Cabinet to end a decade-old controversy. Ths big Miami home builder may develop the site west of the airport for commercial or light industry use or put it on the market, said Frank E. Mackle III, Deltona president. The Federal Aviation Administration currently leases the land for use connected with its flight The Miami News DALE BRUBAKER against the developer. The state wants' to add Deltona's 1 5,000 acres to the Rookery Bay Sanctuary, completing a "green belt" between Big Cypress National Preserve and Everglades National Park in Dade and Collier counties. As part of the agreement, the state gave Deltona the go-ahead to develop 3,000 acres near the protected wetlands. Mackle said Deltona will assess demand before proceeding with the development, which could total as many as 14,500 new homes. Mackle said about 6,500 customers had signed contracts for new homes In the area later banned for development. He said Deltona has settled with about 4,000 of those customers through refunds or providing other property. Some of the remaining 2,500 will probably want property In the 3,000 acres newly approved for development, Mackle said. Also participating in yesterday's agreement were representatives of the Florida departments of Natural Resources and Environmental Regulation and several environmental groups that had filed lawsuits attempting to stop development of the wetlands. Terry Cole, assistant director of environmental regulation, said all the groups had agreed to the swap and will drop their suits. towers. In exchange for the tract, which totals about 160 acres near NW 25th Street and 87th Avenue, Deltona will turn over to the state about 15,000 acres of man grove swampland in Collier County near the company's Marco Island development. Appraisers will soon begin work to establish the Deltona acquired the swampland near the southwest tip of Florida in the mid-1960s and planned to develop it as part of the Marco Island residential community. But state and federal regulations adopted in the 1970s put strict limitations on dredging and filling mangrove swamps. Deltona filed a series of lawsuits asserting its right to develop the land. In March, the U.S. Supreme Court ended the legal dispute by refusing to consider Deltona's appeal of a lower court ruling value of the two tracts so the state and Deltona can make an even trade. It may take six to 12 months to finish the appraisals and complete negotiations on the exact acreage of the swap, officials said. The Cabinet will have to approve the final agreement. Economy growing after long decline ROBERT FURLOW Associated Press The New York Time Sharper Image's Richard Thalheimer and tomi of his 'toys' i Personal income up i but spending down Americans' personal Income rose 0.3 per cent Jin June, about half as much as in the two previous months, the government said yesterday. spending, though, fell 0.5 per cent, the 5 biggest decline since last fall. The Commerce Department said June's total personal income rose billion to an annual rate of $2.56 trillion. The increase, however, was less than the 0.7 per cent May. Personal consumption spending, which "economists inside and outside government have Cbeen counting on to pull the economy out of the Istubbom recession, fell $10.5 billion to an annual of $1.95 trillion last month after rising a strong 1.5 per cent in May. Wages and salaries "made up $2.1 billion of the income gain in June, interest income rising $3.8 billion and trans- payments, including unemployment benefits, I -gome uo SS0O million. opens talks with Chrysler The United Auto Workers union yesterday de-Zmanded a resumption of cost-of-living allowance Xrayrfents as contract ta'xs opened with finan-joaay revived Chrysler Corp. UAVV president T-Dcxig'as Fraser acknowledged the union's TCfsrys' workers a unXev "to soon obtain aoa panty wrtn workers at General Motors and Motor Co. Bargaining began less 24 hours after the No. 3 automaker announced its biggest quarterly profit $106.9 million since 1976. Chrysler's 43,200 auto-uworkers, with another 40.000 on indefinite layoff, 'learn $2 to $3 less per hour than GM or Ford workers. The difference arose when the union Chrysler $880 million in concessions in 1980 and 1981. The concessions were required the federal government before it would guarantee $1.5 billion in loans for the then financially-strapped Chrysler Corp. Innocent plea in fraud case Melvin Meckler, one of three defendants in a 'commodities fraud case brought by the federal t.government, pleaded innocent yesterday before U.S. magistrate in Miami. Meckler was indicted -last month along with Edward Gale of North Miami, and Frederick Entman of South Orange, IN.J., on charges of defrauding Investors through now defunct company called International Currency Trading Corp. The government charged that the three coordinated the sale of phony and illegal contracts for foreign currencies from a r'boiler-room" operation on Biscayne Boulevard. Meckler, a Hollywood resident, was in Europe on when Gale and Entman pleaded July 10. Meckler returned for his arraignment yesterday, and will be permitted to go back tto Europe to complete his affairs upon the posting of a $50,000 bond. Trial is scheduled for Sept. 1. British unemployment sets record Opposition Labor Party spokesman Eric Varley Britain's newest unemployment figures a V'human disaster" as joblessness, the most seri-ous economic problem facing British Prime Minister Margaret Thatcher's Conservative government, worsened this month to a record 13.4 per of that nation's work force. The Depatment Employment in London announced yesterday that 3.1 million Britons were out of work in mid-July. That is 129,381 more than the same period Ilast month. The figures do not include 300,000 Zpeople in government training programs. The figures are the highest since government records began in 1948 and top the 2.9 million unemployed in January 1933. In troubled Northern 'Ireland, the mid-July total stood at a record or 21 per cent, making it the worst-hit region Britain. rUSAir reports net profit again I The consistently profitable airline USAir reported a second-quarter net profit of $20 million yesterday. Most of the other airline financial reports are expected later in the month, with continued losses expected to be announced by "most. USAir said its operating profit before taxes Jwas $40 million, the best quarter in the company's history, up from $29.5 million, a 35.7 per increase from the second quarter of 1981. net results reflect a substantially higher in- come tax provision than a year ago resulting a management decision to lease, rather buy, some new aircraft. Second-quarter net a year ago was $25.2 million. Earnings per share $1.15 compared with $1.58 last year when -there were fewer shares outstanding. 'Toys for the executive' line pushes Sharper Image's sales to $33 million WASHINGTON The U.S. economy is growing for the first time since last summer, the government reported today. But the gain so far has hardly been robust. New Commerce Department figures indicated that the broadest measure of American economic activity inflation-adjusted gross national product rose at an annual rate of 1.7 per cent in the April-June quarter. It had fell sharply in the previous two quarters. Earlier government reports showed such important economic indicators as industrial production and retail sales falling again in June, and many analysts said those reports showed recovery from the recession had not begun. But the second-quarter gain in "real" GNP was bound to be read as an encouraging sign that at least some recovery may be very close. Two big contributors to the gain were an increase in Americans' personal consumption spending during the second quarter and a slowdown in businesses' selling off of inventory stockpiles. Inflation-adjusted personal spending rose at an annual rate of $7.2 billion, up from $5.7 billion in the first quarter. And the value of businesses' inventories, again adjusted for inflation, dropped at a rate of $6.9 billion rather than the steep 1 5.4 billion of the first quarter. The big January-March decline in production destined for inventories had been the most important factor weighing down total GNP for that quarter. All of the figures in the report were adjusted for normal seasonal variations. Today's Commerce report also said inflation as measured by the broad-based GNP implicit price deflator rose at a 5.3 per cent annual rate in the second quarter of this year after rising at an annual rate of 4.3 per cent in the January-March period. The first-quarter rate had been reported earlier at 3.8 per cent. Total GNP, which is an estimate of the market value of all goods and services, rose to an annual rate of $1,477 trillion in the second quarter, after adjustment for gains due only to inflation, 'today's report said. Before such adjustment, GNP was estimated at an annual rate of $3,047 trillion, it said. Real GNP fell at an annual rate of 5.3 per cent in the October-December final quarter of last year as the nation dropped into an unmistakeable recession, then slid at a rate of 5.1 per cent in the first quarter of 1982, today's report said. WAYNE KING Tht Ntw Verk Timtt Ntwt Service mover of a company called The Sharper Image, a trendy, San Francisco-based catalogue sales operation that in the past year sold $33 million worth of "toys for the executive." Some of those toys, and their prices, include: a crossbow, with telescopic sights, at $298; a hand-machined brass kaleidoscope, at $145; a light switch that comes on when you talk to it, at $34; meters that test the amount of salt in your food yourself against killer at $99; and a home Gelger counter that will snoop out leaks from nuclear power plants or "secret atomic testing." Besides an apparent ability to coax into the open the freckle-faced kid hiding inside every well-heeled executive, Thalheimer appears to be a skilled practitioner in the growing ranks of catalogue salesmen. In the past four years, Thalheimer says his sales have risen from $500,000 to $3 million, to $9 million to $14 million, to this year's $33 million. SAN FRANCISCO Richard Thalheimer does not own one of the bullet-proof vests that he sells through his catalogue for $249. Nor, when he goes for his daiiy eight-mile jog, does he wear one of the computerized runner's wrist-watches offered in his catalogue at $49.95. For the most part, though, the 34-year-old Thal-heimer's mail-order marketing philosophy is remarkably consistent: He sells things he would like to buy himself. As a youngster in Little Rock, he wanted a suit of armor. So he now offers one through his catalogue at $2,450 and owns one himself. The major difference between men and boys, the saying goes, is in the price of their toys. Thalheimer might well engrave that saying on his office door, for he is the founder, president and prime Robin Hood, Bambi are Disney's heroes Vus7( U(ol Associated Press BURBANK, Calif. Thanks largely to two perennially popular family film classics "Robin Hood" and "Bambi" Walt Disney Productions reported its third quarter profits were up 9 per cent from the same period last year. Disney said its net income for the three months ending June 30 was $32.89 million, or 98 cents per share compared to $30.2 million, or 93 cents a share, for the same period a year ago. The company said its third-quarter revenues were $275.75, or 7 per cent more than the. $258 million reported for the same three months in 1981. The report does not reflect income from Disney's recently released "Tron," a $20 million video fantasy that the studio says took in $11 million at the box office in its first 10 days of release. Ron Miller, Disney's president and chief operating officer, attributed the third-quarter increase to the "successful re-issues of 'Robin Hood' at Easter and 'Bambi' In June, compared to the disappointing results of the lineup of pictures last year during the same period." The re-issue of "Bambi" alone is expected to gross $8.5 million, Miller said. Although attendance has been declining by about 5 per cent at Walt Disney World in Orlando, and by 6.5 per cent at Disneyland in Anaheim, the company said entertainment and recreation revenues were up 5 per cent for the quarter to $207.3 million and 4 per cent for the year to date, to $498.7 million. to. i rT TTTlTIirrrnMiBii 1 1 Mri iTiiii liilfiililirnriiirfiiii urn i I Southeast cuts prime to 16 Most major U.S. banks including Miami-- based Southeast Banks cut their prime lending rate yesterday by half a point, widening the industry's move to a 16 per cent prime rate, and economists predicted more relief ahead for business borrowers. It was the first broad shift in the prime rate since February, when banks dropped the prime from 17 per cent to 16.5 per cent. XThe trend was set Monday by Manufacturers Hanover Trust Co. and First National Bank of "Chicago. Costly failures lead to shakeup at Chase By air or sea, moving cargo takes planning and professional advice. So this September 16, The Miami Herald and The Miami News will publish a second edition of the South Florida Exporters Guide. If your business is involved in this $7.9 billion dollar industry, you'll want to include your advertising message in this handy quarterfold. The Export Guide is the ideal resource to assess the increasing demand far U.S. products and services. The Export Guide will also be published September 19 in the International Edition, reaching high-level managers In Latin America and beyond. And when International investors are doing business in greater. Miami, they become an important part of the more than 747,000 adult readers of 1 The Herald, The News and the International Edition. The South Florida Exporters Guide means business. Look for It this fall. Associated Press more sued in Satan cases I Cincinnati-based Procter Gamble Co. named an Atlanta television weatherman and three others in additional damage suits seeking to stop circulation of reports that the firm has an alleged connection to Satan. The suits seek to bar individuals from circulating liter-mature or false statements about the company and calling for a boycott of its products. The ny filed similar suits against a Pensacola couple 'and another Atlanta man July 1. Named yester-- day were Guy Sharpe, a TV weather reporter at WXIA-TV in Atlanta; an Amway Products Co. distributor in Clovis, N.M.; and a couple who distrlb- utes Shaklee Products in Tullahoma, Tenn. Call Retail Directory Advertising today for details. Dade: 350-6133 Broward: 527-8448 NEW YORK Chase Manhattan Bank shook up the top management of its institutional banking department, which was held responsible for Chase's costly and embarrassing association with the failed Penn Square Bank and Drysdale Government Securities banking sources said yesterday. Wayne G. Hansen, a senior vice president In charge of Chase's domestic institutional banking department, resigned, said sources who asked that they not be identified. Hansen had taken the job late last year, replacing William R. Hinchman who was reassigned within the bank. Hinchman also resigned, according to an internal bank memorandum that was circulated among top Chase officers yesterday and signed by Chairman Wil-lard C. Butcher. Hinchman had been an executive Vice president in the bank's national positioning group, which was responsible for national planning. The man Hansen reported to, Richard J. Higgerson, was reassigned to the national positioning group and will report to the bank's chief counsel, the memo said. Higgerson had been in charge of Chase's domestic and international institutional banking activities since last fall. Butcher's memo, which also was signed by Thomas G. Labrecque, the bank's president, said the shakeup in institutional banking was designed to "consolidate kiiclnaee orimnnnantfl in a rr nro li mitpH TllllTlHpl of SPf Tri i September 16, 1982 September 19, 1982 The Miami Herald The Miami News The Miami Herald's (Dade County only) International Edition Advertising Deadline: August 4 for space and firjal copy. Dollar lower, gold up I Dollar exchange rates slipped against the major currencies in early European trading today. Gold prices firmed in quiet trading. Lon- don's five leading bullion dealers fixed the mid-t morning gold price at $361.50 an ounce, up from $352.25 at yesterday's close. In Zurich, gold was I being traded at $361,625, up from $345.88.. Sil-I ver was traded in London at $7.03 an ounce, up from $6,675. Gold was up $14.20 an ounce to $359.30 on the New York Commodity Exchange yesterday, while silver rose 44 cents to $6,937. I tors."

Clipped articles people have found on this page

Get access to

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

Publisher Extra® Newspapers

  • Exclusive licensed content from premium publishers like the The Miami News
  • Archives through last month
  • Continually updated

About The Miami News Archive

Pages Available:
Years Available: