Aiken Standard, October 16, 1989

Aiken Standard

October 16, 1989

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Issue date: Monday, October 16, 1989

Pages available: 40

Previous edition: Sunday, October 15, 1989

Next edition: Tuesday, October 17, 1989 - Used by the World's Finest Libraries and Institutions
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Publication name: Aiken Standard

Location: Aiken, South Carolina

Pages available: 753,806

Years available: 1924 - 2014

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All text in the Aiken Standard October 16, 1989, Page 1.

Aiken Standard (Newspaper) - October 16, 1989, Aiken, South Carolina Sports Oakland Takes 20 Series Lead Page 5A A Quick Read Elvis Fan Heads For Graceland Today MEMPHIS Term AP The first person granted a visa from the Soviet Union just to visit Elvis Pres leys Graceland arrived in the United States Wearing blue suede shoes I am ambassador of Russian rock n roll Kolya Vasin told about 100 wellwishers when he arrived at Memphis International Airport on Sunday night For 30 years I love rock n roll I am happy to be here today It was the first trip outside the So viet Union for Vasin 44 whose visit was arranged by a British fan club Traveling with 79 Elvis fans mostly from Britain he planned to visit Gra celand home of the late King of rock n roll today The Leningrad resident who orga nizes rock concerts said official dis approval has left Soviet Elvis fans pretty much on Lonely Street Many many people want more in formation about Elvis but in Russia is very little information about El vis he said in accented English during a stopover in Boston This is great problem There is a problem with black market and underground information between people no LPs no books no posters or any information Girl Upsets Town With Noriega Visits NEGAUNEE Mich AP A schoolgirls friendly visits with Pan amanian pen pal Gen Manuel Nor iega have her neighbors and her con gressman shaking their heads If it was my daughter she wouldnt be going City Council woman Virginia Paulson said after 11yearold Sarah York left last week for her second trip to Panama On Wednesday Sarah and her fa ther turned up beside Noriega as Panamas military leader lauded her as a meritorious daughter of Pan ama City and an example of the truth of the United States purity not hatred After her meeting with Noriega she repeated her support for the gen eral She said hes very nice and she doesnt believe the bad things newspapers in the United States say about him Weather More Clouds Mostly cloudy skies are forecast tonight and Tuesday with a chance of showers and thunderstorms The low will be in the 60s with highs in the 70s Please see Page 12A for details Deaths Clarence G Bentley Lincolnton Ga John B Byars Aiken Sadie D Gantt Washington DC Lessie C Garrett Warrenville Vira L Hall Aiken Myrtice Haywood Bath Bowman C Rinehart Graniteville Minnie B Rust Aiken Nezzie K Swartz Wagener Traci M Trotter Ward Please see Page 12A for details Inside Today Page 2A Countdown Resumes For Shuttle Page IB Fairgrounds Set For Jaycees Event Bridge5B Calendar8B Classifieds3B Comics11A Crossword6B Cryptoquote4B DearAbby11A Local Front1B Obituaries12A Opinions4A Sports5A Television11A Weather12A Monday October 161989 High In Tfte GIVING SERVICE Daryi Herrin a lineman providing service for a new house in Johnston Staff Photo By Scott Webster for works on Helping Hand Barnwell Residents Aid Hugo Victims By PHILIP LORD Staff Writer BARNWELL The efforts of residents from Williston Blackville and Barnwell are helping to make the lives of the poor and elderly in Cross who suffered losses due to Hurricane Hugo a little better The volunteers who started working soon after Hugo are using donated funds and materials to winterize the houses of residents who cannot afford to have workers repair the damage caused by the destructive storm that raked accross the lowcountry We are not trying to force anybody from the county to work in Berkley Coun ty said Sam Turnipseed a spokesman for the effort We are trying to coordi nate the efforts and allow more people to be in a situation where they can contribute In additon to funds and materials the group is taking volunteers and making weekend trips to the town to work on houses damaged by Hugo he said Two crews from the area went to Cross on Oct 7 and winterized two homes in the area to make sure that the residents were ready for the soontoarrive cooler weather Volunteers who are experienced elec tricians or carpenters are needed to help with the Barnwell area effort Turnip Smith talino tocevsrs Hurricane Hits TexasPage 8A Class Studies HugoPagelB seed said General laborers are also needed to help winterize houses for the poor and elderly So many times something like this is like a funeral he said If your wife dies people come console you for a while and then after a few days they are gone and you need help These people do need help Turnip seed said You can see evidence of emo tional scars that this thing has left par ticularly on older people Its tough he added Soon after Hurricane Hugo ravaged the South Carolina lowcountry residents Please See HELPING Page 8A Aiken Sduth Carolina Vol 122 No 257 Stocks Plunge In Early Trading By The Associated Press NEW YORK Stocks began to fall sharply in early US trading today echo ing declines overseas in the aftermath of Wall Streets Friday the 13th scare The Dow Jones average of 30 industrial stocks was off 574 at 256352 in the first few minutes of trading but the number was not an accurate reading of the mar ket because only eight of the 30 stocks had begun trading The rest were delayed because of a crush of sell orders The Dow Jones average had plunged 19058 points on Friday in the worst de cline since the Black Monday crash of Oct 191987 We could go down a lot maybe even 100 points but the mood certainly is not what it was in 87 said Hildegarde Za gorski a vice president at Prudential Bache Securities Inc In Tokyo today stock prices suffered their largest loss this year by midday in London thery were down nearly 9 per cent The dollars value also sank Other foreign financial markets posted declines ranging from moderate to large But overall overseas investors did not send share prices reeling as after Black Monday 1987 There isnt the same panic as there was during the 1987 crash said Bob Wade joint head of market making at Robert Fleming and Co in London On the Tokyo Stock Exchange the Nik kei Stock Average of 225 issues closed at 3446869 down 64733 points a drop of 18 percent from Friday when the index rose 32997 points The previous biggest de cline was 48411 pcsints on Sept 26 At midday the Financial TimesStock Exchange 100stock index was down 1958 points or 88 percent at 20381 in heavy volume Prices failed to sustain a morning rally sparked by bar gainhunting Shares fell sharply on other European exchanges then stabilized In Amster Feds Ready To ActPage2A Overseas ActivityPage 8A dam a limit was imposed on price de clines and in Milan and Paris trading in some shares was suspended because of insufficient buying orders In Brussels an unusually heavy vol ume and order unbalance delayed the start of computerassisted trading by an hour In European currency markets the pound was quoted at at midmorn ing compared with late Friday The dollar opened in Tokyo sharply lower than its Friday closes of 14400 yen in Tokyo and 14205 yen in New York But it quickly picked up more than a yen and was trading at 14075 yen in the late afternoon The Tokyo trading was the first major foreign market reaction to Fridays 190 point plunge in the Dow Jones industrial average the worst setback since the 508 point dive on Oct 191987 The New York Stock Exchange decided to open its computers to receive orders at am EDT an hour earlier than usu al Thousands of worried investors dur ing the weekend called sell orders into their brokers The exchange also decided to expedite smaller orders at the opening State Tax Burden High Compared To Income By The Associated Press CHARLESTON South Carolinas tax es may be relatively low in the South but the states low per capita income makes the overall state tax burden the 12th high est in the nation according to figures from the US Census Bureau Basically our economy is run by some pretty lowpaying income jobs in such areas as tourism agriculture and textiles said Caroline Stroebel a tax pro fessor at the University of South Caroli na Until youre able to get the educa tional system up and youre able to attract industries that require a higher level of education your per capita in come is going to remain low South Carolinas tax system at this juncture is extremely comparable with what youre going to find in the adjoining Southern states she said And youre going to find as a region the Southeast pays relatively low taxes Where the problem comes in is our per capita income is very low Ms Stroebel said As a result the census figures show the states residents rank 12th nationwide in the amount of per capita income paid in state taxes Were high on taxes and low on in come said Thomas C White III an as sociate professor of accounting and tax ation at the College of Charleston Basically our economy is run by some pretty low paying income jobs Caroline Stroebe Thats an unbeatable combination es pecially if youre poor In 1988 residents of the Palmetto State had an average income of They paid or 771 percent of their in come to the state South Carolina has been a poor state in terms of income said Vicki Jinnette spokeswoman for the state Tax Commis sion But our services dont stop weve got lots of kids who need to be edu cated lots of roads that need to be traveled South Carolina like most states relies on personal income taxes and the sales tax to raise most of its revenue In all about 70 percent of its tax reve nue comes from income and sales taxes 9 percent from gasoline and motor fuels taxes and 6 percent from corporate in come taxes The remaining 15 percent is from all other taxes including levies on accom Please See STATE Page 8A GrammRudman Spending Cuts Take Hold Today By The Associated Press WASHINGTON Automatic federal spending cuts totaling billion take ef fect today with a single stroke of Presi dent Bushs pen following the failure of Congress and the president to agree on a deficitreduction plan The cuts mandated under the Gramm Rudman balanced budget law formally become permanent when Bush as re quired signs an order activating them The reductions spread evenly across many defense and domestic programs are expected to total about billion for defense and billion for domestic ini tiatives That works out to reductions of about 43 percent in defense programs and 53 percent in domestic agencies The cuts are expected to be rolled back as soon as Congress works out a compro mise deficitreduction bill The Senate approved its version of the measure late Friday and HouseSenate negotiators could begin their meetings this week But Richard Darman director of the White House Office of Management and Budget said Sunday it might be best if Congress left the spending cuts in place instead of rolling them back This time if it goes into effect I think it would be good if people would live with it and say dont restore the cuts Dar man said on the ABCTV program This Week With David Brinkley Automatic budget cuts took effect in 1986 and 1987 as well but Congress acted quickly to restore the lost funds a pro cess that Darman called phony The reductions are not expected to be felt by many Americans at least initially It affects a relatively small number of people in our society and affects them in a relatively small way Rep Bill Fren zel of Minnesota ranking Republican on the House Budget Committee said last week The automatic GrammRudman cuts when the law was enacted in 1985 were intended to seem so horrific that Con gress and the president would be fright ened into cutting the federal deficit in order to avoid them It didnt quite work out this year The law requires a projected deficit for fiscal 1990 which began Oct 1 of no more than billion If the projected shortfall exceeds the target by more than billion today the law automatically triggers cuts in spending of whatever is required to slash the figure to billion Please See GRAMM Page 8A ;