Banner Graphic, Volume 16, Number 121, Greencastle, Putnam County, 6 January 1986 — Page 3
1 % millionaires by year’s end
WASHINGTON (AP) By the end of the year, one American household in 100 will have a net worth of a million dollars a total of a million millionaires, according to U.S. News EWorld Report. Citing information from market researchers, the magazine said the typical millionaire is a white male in his early 60s, is still married to his first wife and has a business catering to the ordinary needs of his neighbors. The famous, such as entertainers,
Indiana turns efforts toward assembly plant planned by Chrysler
INDIANAPOLIS (AP) recent bids for auto assembly plants have been unsuccessful, but officials say those losses could prove to be an asset in attracting a multi-million dollar assembly plant planned by Chrysler Corp. Mark Akers, director of the industrial development office of the Indiana Department of Commerce, says Indiana is preparing to send Chrysler a list of four or five possible sites for the project. The list of potential sites was requested by Chrysler in early December and will be forwarded to the company’s headquarters soon, Akers said. “They’ll take these various sites and the characteristics of the towns and start doing all the analyses that needs to be done,” said Akers. He said he doesn’t know what timetable Chrysler will follow in making a decision. “The Liberty project will be similar to other big auto plants we’ve competed for,” said Akers. “The size of the land required will be relatively the same, maybe smaller. They need less than 1,000 acres.” Toyota, Chrysler-Mitsubishi and General Motors have announced in recent months sites for auto assembly plants valued at more than SSOO million each. Indiana was in the running but lost in the competition for all three plants. Akers said Indiana’s experience from those competitions and Chrysler’s familiarity with the state should help Indiana’s chances to attract the assembly plant. “We don’t want to get everybody’s hopes up, but the nice thing about all this is that Indiana has been very much in the running to the very end in all of the competitions,” said Akers. “Not all states can say that. Some were eliminated very early.” Akers declined to give the names of all the cities that will be on Indiana’s list of candidates for the Chrysler project, but he told the Terre Haute Tribune-Ftar that a
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athletes and writers, make up less than 1 percent of the millionaire population, the magazine said in its Jan. 13 issue. Eighty percent did not inherit their wealth, but came from middle- or working-class backgrounds. “The real way people make money is... hard work for 30 years, six days a week,” said Thomas Stanley, a Georgia State University marketing professor.
site south of Terre Haute is among the candidates. Akers told The Associated Press Friday that “when you look back at what’s been popular in the past, you would have to say those (sites) would be good candidates” for the Chrysler plant. The Lafayette area was one of the finalists for the Chrysler-Mitsubishi plant, which will be built near Bloomington, 111. “They (Chrysler executives) are very familiar with sites in Indiana,” Akers said. “They already know which ones meet the qualifications of the project.” Chrysler spokesman Jerry Moore said company officials “haven’t publicly disclosed our plans at this time.” “We are continually talking to various states about our projects and it’s possible there is something in the wind. But we are exercising our corporate policy of trying to maintain confidentiality in these matters,” Moore said. Plans for a so-called Liberty project were announced at Chrysler’s annual meeting in May 1985 at Anaheim, Calif., where the company unveiled a prototype for a two-door, hatchback car that could be powered by a three- or four-cylinder engine. Chrysler Chairman Lee A. lacocca said the company was trying to stay on “the leading edge of technology.” Akers said that he expects the company to study new plant sites and to consider adapting closed Chrysler plants for the new project. But he said Indiana’s familiarity with Chrysler should help. The company operates major facilities in Kokomo, New Castle and Indianapolis. “We’re dealing with people we’ve known for a long period of time,” said Akers. “They like Indiana very well and they keep coming back to us, not only with new projects but with existing plants like Kokomo and New Castle,” Akers said.
Three nabbed in theft of antiques worth $lB million
c. 1986 N.Y. Times News Service NEW YORK Three men, including a Manhattan antiques dealer, broke into a customs warehouse in Queens County, N.Y., on Sunday and took Middle Eastern antiquities valued at more than $lB million, the police said. Then, as the men loaded the items into two getaway cars, about 15 police officers who had been staked out to wait for a burglary moved in at 1:30 a.m. and captured them. A police spokesman said the three had entered the warehouse by breaking
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through a concrete wall with sledgehammers and prying metal plates off a garage door with crowbars. The police said 105 works of art, some dating from the sixth or seventh century 8.C., were recovered. The pieces, ranging from vases, urns, and plates to coins and jewelry, included a gold bowl valued at more than $3 million, they said. Deputy Inspector Ronald Fenrich said that a police surveillance team of five had been investigating the suspects for more than four months and that an informer had told them a break-in was planned for Sun-
day at the warehouse in Long Island City, Queens. Queens County is a part of New York City. The site had been staked out by about 15 officers before the suspects arrived at about 1 a.m., the inspector said. He added that the Federal Bureau of Investigation and the United States Customs Service were also involved in the investigation. Fenrich, of the Central Robberies Division, said at a news conference in Manhattan that the three men were part of a larger ring that operated internationally
January 6,1986, The Putnam County Banner Graphic
and specialized in the theft of and trafficking in antiques and works of art. He said that the men “would need a lot of inside information” on the workings of New York galleries and dealers to operate as they did. “These guys were pros,” said Sgt. Harry Sakin, who displayed the delicately worked gold bowl, necklaces, an ancient rhyton used for drinking, and other art objects at Manhattan Robbery Squad headquarters. The police said later that more arrests were expected.
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