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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 27, 1991
Page
12
Gorbachev faces a pivotal session amid divisions as delegates vote by voice on the draft platform. Tass reports most support, with critics calling the language vague. Officials say amendments are rare as program commissions prepare the final form for a November decision.
Economic forecast update notes state economy could alter revenue outlook in coming months. Budget and Control Board to close 1990-91 books with a projected deficit near 80 million, though analysts expect about 50 million red ink. A 65 million special savings account could cut the shortfall to 85 million, enabling swift action to balance the budget. Escrow would hold 4 percent across the board cuts saving 135 million if worst case persists, with possible restoration if revenues improve. Lawmakers show caution on tax increases and a special session is unlikely.
The Justice Department sought to keep Bank of Credit and Commerce International in Florida to use accounts for undercover operations, but Florida ordered BCCI to close in March 1990 after admitting money laundering through the Tampa office. The Florida closure became final last January.
An Indiana firm plans the move to Aiken Industries Mirrex in the city owned industrial park on US 1 next to the Aiken Municipal Oilerseeiced cy ail ties. The park already hosts FMC Corporation Teledyne and Pepperidge Farms with Teledyne announcing a new facility in March 1990 in the Verenes Industrial Park.
U N investigators report Iraq may still conceal nuclear development locations and a plant at Tarmiya, north of Baghdad, capable of producing enriched uranium. A second team from I A E A travels to Iraq for two weeks as U S pressure mounts for full disclosure and full accounting of nuclear work.
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