Word: beaumont
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...last week. Ohio Governor Richard Celeste finally stepped in and declared a three- day bank holiday for 71 savings and loan associations, probably the most extensive closure of U.S. financial institutions since the Great Depression. In Memphis, board of education officials were anxiously checking their investments. Elsewhere, communities from Beaumont, Texas, to Pompano Beach, Fla., were badly shaken...
...money loser almost from the start. When it finally collapsed last week in the biggest failure of its kind since Drysdale Government Securities went under in 1982, dozens of cities, financial institutions and other creditors stood to be out as much as $300 million. Among the potential victims were Beaumont, Texas, which could lose $20 million, and Miami's American Savings and Loan, which may drop $60 million. E.S.M. had attracted investors by offering guaranteed high interest rates for short-term loans. The funds were supposedly backed by government securities that E.S.M. promised to put up as collateral. When...
...March 18, Teresa Ferguson was kidnaped from a shopping mall in Merritt Island, Fla. Two days later her strangled body was found in a swamp. Terry Dianne Walden, 23, a Lamar University student, was reported missing in Beaumont, Texas, on March 23. Police discovered her body in a drainage canal three days later; she had been bound and stabbed to death. Sheryl Bonaventura, 18, was reported missing from a Grand Junction, Colo., shopping mall on March 29. Three days later, in Las Vegas,, Michele Korfman, 17, disappeared from a shopping mall where she had been appearing in a beauty contest...
...sleepy farm town of Beaumont is about as hip as Brigadoon. Stoked by the hellfire-and-tarnation sermons of the starchy Rev. Shaw Moore (John Lithgow), the locals have outlawed dancing. Enter Ren (Kevin Bacon), a city boy with radical ideas about popular music: he likes it. Will Ren win over the Rev.'s wil lowy daughter (Lori Singer)? Will Ren and his pal Willard (Christopher Penn) beat up the town's five toughest punks in a roadside brawl? Will he be able to put the show on right here? You get plenty of time for your three...
...many internal contradictions one is tempted to call it Screwloose. The minister forbids his daughter to listen to rock, but he permits her to wear the clothes of a big-city hooker, a hairdo befitting a glitzy country songstress, 6 lbs. of Maybelline and no bra. The kids in Beaumont have been denied dancing for five years, yet they are as slick as the regulars on Soul Train. Gaffes like these were of little moment in Flashdance; its preposterous story was soft-focused into a modern fable. It matters here, where the young and the middleaged, the traditional Hollywood film...