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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 07, 1989
Page
2
New Orleans Mardi Gras opens with standing room crowds in the French Quarter as parades multiply and up to 1.8 million revelers are expected. A tourist nicknamed Mr Mardi Gras was killed amid the celebrations and police anticipate heavy street activity if weather remains cold.
Ronald Reagan marked his 78th birthday with remarks that he is ready to return to public life to push for a balanced federal budget and repeal of the two term limit. The celebration included an office chat with Japanese Premier Noboru Takeshita, a formal party, and a USC speech where he was serenaded by the campus band. He said balancing the budget was his biggest disappointment as president.
Aiken Standard lists contact numbers for subscriptions and ads and provides delivery hours and rates. It notes 3 and 6 and 12 month rates, advance payments to the Aiken Standard PBM Subscription, and a mailing address in Aiken SC 29802 with post office box for address changes.
Lawmakers face a tough sell on Gov. Carroll Campbell's proposed tax cuts as they balance a $3 billion-plus budget and a health insurance shortfall. Harriet Keyserling warns campaigns could hinge on tax votes while the Health Insurance deficit, possibly $40 million by December, pressures cuts and funding decisions. Rep. Herb Kirsh notes the deficit threatens the tax cut plan.
Cape Canaveral reports engineers replacing three engine pumps on Discovery to meet a mid March liftoff. Astronaut Mike Coats and four crewmates prepared for the final rehearsal aboard the shuttle, which simulates most countdown steps without fueling or full procedures. Three pumps were swapped due to cracks found in Atlantis pump bearings after the December flight.
Washington The judge in Oliver Norths Iran Contra trial moved toward seating a jury after six days seeking two jurors who missed or ignored Norths televised testimony. The pool grew to 38, with 44 promised. a 12 member panel plus six alternates will be chosen to hear the case against North.
Congress leaders respond cautiously to President Bushs S&L bailout proposal. He seeks to replace about half of the initial 90 billion with a complex financing mix of tax dollars and higher insurance premiums, while overhauling regulation to curb future crises and pursuing wrongdoers, with no direct fees on depositors and a pledge to protect insured deposits. The plan includes selling 50 billion in government securities as part of the funding.
Budget director Richard Darman outlined a plan to rescue troubled S&Ls with a $50 billion bond issue and a 54 percent taxpayer burden over 30 years. The package would merge deposit insurers FDIC and FSLIC, create a Resolution Trust Corporation, and shift supervision to a federal system while boosting insurance premiums and capital requirements.
In Warsaw a mixed delegation of government, opposition, Solidarity and church representatives opened talks on Poland's future. Lech Walesa warned distrust colors the sessions as delegates split into three working groups to address economy, unions, and political reforms with negotiations likely lasting six weeks. Gen. Czeslaw Kiszczak, a Politburo member and interior minister, led the talks.
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