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100 years ago

November 16, 1922

BENTONVILLE — Friction over enforcement of rules requiring scholarships for local high school football players nearly caused the Bentonville School Board to drop the sport, and it’s announced football will only continue with strict enforcement of school board rules requiring scholarship grades of 75% and driving grades of 90%.

50 years ago

November 16, 1972

• Two private schools in Arkansas — Arkansas Baptist College in Little Rock and Eureka Springs Community Child Development Center, Inc. — have been recognized as tax-exempt institutions by the Internal Revenue Service. Both schools issued announcements of racially nondiscriminatory policies in admitting students to all school activities, the IRS said. … The IRS in 1970 issued a statement saying private schools that racially discriminate were not legally exempt from tax.

25 years ago

November 16, 1997

SACRAMENTO, Calif. — A day after ordering a four-month halt to imports of modified assault weapons, President Clinton on Saturday ridiculed the idea that such firearms could be used for anything other than wreaking havoc. .. Clinton on Friday halted the importation of these firearms for 120 days, freezing permits already issued to dealers for 600,000 guns and freezing import applications for another million. During the four months, the Treasury Department will consider permanently banning firearms. The department has the power under the Gun Control Act of 1968 to prohibit the importation of such firearms not used for sporting purposes. … Imports of semi-automatic assault rifles have been banned since 1989. … In a radio address, Clinton said his efforts to restrict assault weapons had contributed to the overall drop in crime nationwide, a trend confirmed by the Annual National Crime Victimization Survey released on Saturday.

10 years ago

November 16, 2012

WASHINGTON — The Postal Service on Thursday reported a record net loss of $15.9 billion for the fiscal year that ended Sept. 30, bringing the financially-troubled agency one step closer to insolvency. The widely expected loss, more than triple the service’s loss last year, included an accounting expense of $11.1 billion related to two payments the agency was supposed to make into its health benefits fund for future retirees. But due to revenue losses, the Post was for the first time forced to default on those payments, which were due in August and October. … The agency’s financial reports show that mail volume continues to decline as Americans increasingly turn to electronic forms of communication. … For nearly a year, the agency has been urging Congress to pass legislation that would allow it to cut costs, including reducing the number of mail delivery days to five days a week, reducing annual payments required for his future retirement health insurance fund and to branch out into new business lines, such as delivering beer and wine by mail.

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