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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 01, 1997
Page
2
Searchers counted six missing under rubble after a 20 foot wall collapsed at a shopping mall killing three and injuring seven. Demolition work continued as authorities said no more bodies were expected in the debris.
Donald Trump pursues an overseas project proposing restoration of the Moskova Hotel near the Kremlin in Moscow. Officials disclose his bid aims to revitalize the aging landmark and expand international holdings. Dick Clark returns to Philadelphia to tape a one hour anniversary show for the state's lottery.
In Santa Monica the Simpson civil case jury was forced to start over when Rosemary Yaraway the sole black woman on the panel was dismissed for not disclosing her daughter's work for the district attorney. A new Asian American juror replaced him and deliberations resumed with a mixed race and gender group.
In Davos Swiss President Arnold Koller and Israeli Prime Minister Benjamin Netanyahu met on the fringe of the World Economic Forum to ease tensions over wartime Swiss actions and possible Holocaust asset inquiries. Koller urged a calm climate while two commissions study Swiss conduct. Netanyahu welcomed conciliatory language and emphasized ongoing cooperation with the commissions.
The Washington report notes 1996 ended with low inflation and strong growth. GDP rose 4.7 percent in Q4, 2.5 percent for the year, while inflation cooled to 2.1 percent. Stocks and bonds edged higher as rate fears faded, though the Dow fell 10.77 to 6813.09 on profit-taking. Analysts expect the Fed to keep rates steady next week.
President Clinton proposes 100 billion dollars in tax cuts over five years aimed at families with young children and education while seeking 80 billion dollars in new taxes. Key increases include extending the 10 percent airline ticket tax and ending various corporate tax breaks to curb multinational avoidance. The budget targets the next fiscal year starting Oct. 1 and will be sent to Congress after the State of the Union.
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