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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 12, 1987
Page
2
President Reagan announced the United States has turned the corner on record level foreign trade deficits and urged Congress not to pass mandatory retaliation laws against trading partners. He likened congressional action to closing the barn door after the horse is back in.
Former CIA chief Stansfield Turner on CNN says President Reagan must have known about diverting proceeds from Iran arms sales to support Nicaraguan rebels. He cites regular White House meetings on Iran hostage crisis and the Contra affair with all participants aware of the diversion.
Delegates at the Young Republican Federation convention cheer Lt. Col. Oliver North while former Nevada Senator Paul Laxalt former Representative Jack Kemp and Senator Bob Dole address the crowd. The event follows North's testimony on Iran Contra. President Reagan signs a 9.4 billion spending bill despite budget misgivings noting it funds farm loans for summer crops but requires cutting unrelated programs.
Former Reagan adviser Michael K. Deaver goes to trial Monday on five perjury counts accusing him of lying to Congress and a grand jury about leveraging White House access to build a multimillion-dollar lobbying business. He left the White House to start a firm that won contracts with major corporations and foreign governments.
Greenville YMCA agrees to a $10,000 settlement with Friends Atlanta after the group failed to disclose its orientation before signing a Camp Greenville contract for a Labor Day weekend retreat. The deal voids a $21,000 agreement and requires the YMCA to cover Friends Atlanta printing costs and out‑of‑pocket expenses as it seeks a new venue.
Sam the beer drinking chimpanzee is back at the Train Stop Inn in Foster Ohio after Kenneth Harris was acquitted on abuse charges. Harris plans to let customers again offer Sam beers as they did before the Humane Society confiscated the animal on April 15. The acquittal came June 13 and a judge ordered the chimp returned.
In Zagreb Yugoslavia U N Secretary General Javier Perez de Cuellar held newborn Matej Gaspar as the world’s five billionth person. He named the eight pound baby born at 8 35 a m a symbol of peace while parents Sanja and Dragutin Gaspar watched. The UN predicted 5 billion reached around this time.
A Toby Tyler Circus tent collapsed onto the audience around 3 p.m. injuring about 40 spectators, with 1,100 people in attendance. Rescue squads aided victims as circus officials noted the tent was built to withstand 70 to 75 mph winds.
A PTL partner group in Atlanta polls members on funding a trust to buy the PTL network if it goes bankrupt. Deborah Watkins of PTL Partner Majority Inc. says a buyout could place a new board and that funds would be refunded if rejected. PTL filed for bankruptcy in June with about 179 million in assets and 72 million in debts.
The Directors Guild of America votes to stage a selective strike against Warner Bros Columbia Pictures and NBC in Burbank California. Guild President Gilbert Cates announces the first DGA strike in 51 years and cites wage and residuals disputes.
Aiken Standard lists subscription and advertisement contact numbers 649-5316 649-1555 648-2311 and office hours 8:30 a.m. to 5:30 p.m. at 124 Rutland Drive with mail address P O Box 456 Aiken South Carolina 29802 and subscription payment instruction.
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