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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 29, 2000
Page
4
The new GDP figures show 3.8 percent growth in Q1 despite lower consumer spending in Q2. Business investment rose 19.1 percent, inventories increased, signaling a booming economy. Fed rate concerns persist as inflation pressures ease slightly but unemployment remains at historic lows.
Ralf Panitz, once missing after Nancy Campbell Panitz was beaten to death after a Jerry Springer segment, appeared in court and was ordered held without bail on a murder charge. Eleanor Panitz, a material witness, also remained in custody. The couple surrendered in Tampa after discussions with authorities, denying reports of plans to flee to Canada.
Bank of America plans to trim as many as 10 000 positions as it shifts from merger growth to efficiency through technology. The layoffs amount to about 7 percent of staff, with savings redirected to Internet initiatives and e commerce plans while earnings this quarter were $2.06 billion or $1.23 per share.
More than 1,000 religious leaders will attend the Millennium World Peace Summit at the United Nations next month. The Dalai Lama was not invited amid concerns China would object to his presence. Desmond Tutu protested the treatment in a letter to UN Secretary-General Kofi Annan. The summit runs August 28 to 31 and aims to discuss conflicts and peace initiatives.
Frank Major appeals a 35 dollar traffic ticket in Westfield District Court over his black hood and gloves while driving his hearse costume. Patrolman Jeffrey Baillargeon says the outfit impeded safe driving and Major contends others wear such attire without issue.
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