$140 BILLION STIMULUS PLAN FOR JAPAN Tokyo announced a $140 billion economic package Feb. 8 to help revive the Japanese economy, just hours after leaders of Japan's ruling coalition reached a face-saving compromise on tax cuts. The announcement comes before Prime Minister Morihiro Hosokawa meets President Clinton in Washington on Feb. 11. Japanese business, struggling with an economy in its worst recession since World War II, had eagerly anticipated the package. It includes a cut in income and other taxes, worth $54 billion, and $86 billion in new government spending, loans, and other aid for the economy. The package had been held up for five days by a dispute over tax cuts. But Hosokawa's coalition agreed on Feb. 8 to a compromise in which income taxes would be cut for a year. The prime minister had wanted to announce the stimulus package before traveling to Washington. Teamsters, UPS settle strikeSkip to next paragraph
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After a one-day walkout by some of its members, the Teamsters Union settled a weight-limit dispute with United Parcel Service and ordered its members back to work Feb. 8. The company, in turn, said Teamsters who struck Feb. 7 would not be disciplined. The Teamsters were fighting a directive that its drivers handle packages weighing up to 150 pounds. The settlement said no Teamster will be required to handle more than 70 pounds, the current limit, without help. Pennsylvania abortion law
US Supreme Court Justice David Souter cleared the way Feb. 7 for Pennsylvania's strict abortion law to go into effect within days when he rejected the argument that enforcement would do ``irreparable harm'' to women. The law requires women to receive counseling about alternatives to abortion and then wait 24 hours before undergoing the procedure. Turner's education gift
Media mogul Ted Turner has pledged a total of $75 million to three educational institutions: Brown University, The Citadel, and The McCallie School. Turner attended Brown and his sons attended The Citadel. One son also went to The McCallie School. Turner is chairman of the board and president of Turner Broadcasting System Inc. Tailhook cases dismissed
A military judge Feb. 8 dismissed charges against three Navy aviators who argued that the presence of the Navy's top admiral at the 1991 Tailhook convention tainted the cases against them. The decision by Capt. William Vest Jr. means the Navy must start from the beginning if it intends to pursue the cases against Comdrs. Thomas Miller and Gregory Tritt and Lt. David Samples. China launches satellites
China on Feb. 8 successfully launched two satellites with a newly developed rocket designed to lift heavier loads. The new Long March 3A can launch a 2.5-ton satellite well beyond the 1.4-ton capability of the standard Long March 3 model, New China News Agency said. China is reportedly developing another rocket, the Long March 3B, to be used to launch satellites manufactured abroad. It will be able to put a 4.8-ton satellite into space.