11 Jun 1991
Page 1
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jun 11, 1991
Page
1
British Foreign Office Minister Douglas Hogg said foreign investment in Lebanon will be withheld until Western hostages are freed. He warned that investor confidence and expatriate return depend on the captives’ release. The statement links aid, investment, and security to the hostage crisis.
Sri Lankan Tamil rebels declared readiness for direct talks to end a year-long civil war and floated negotiations in a European country. Spokesman Lawrence Thilaker said the Tigers show willingness to engage with the government, while officials said they had not heard of any communication.
Mary Bannon of Aiken Mamie K Cole of Mitchel Ga Robert Crosby Jr of Evans Ga Seymore Poss of Trenton Praxedes Wasterdahl of Aiken noted with obituary details on Page 10A for full memorials and dates.
The Aiken City Council unanimously approved a 90 mill budget after debates over a three mill increase to fund resurfacing and storm drainage. A rollback of eight mills was required after exceeding a 1 percent cap, returning seven mills to the tax digest to support road and drainage work. The budget now shows total revenues of 18,752,220 with limited funding for personnel and projects and a study to finalize allocations for 1991-92.
GAO chief says sav ings and loan rescue could hit or surpass the Bush admin 130 billion worst case. RTC needs at least 50 billion more next year, with possible extra in 1993 if extended, while asset sales lag and values remain uncertain.
SPARTANBURG The U S textile industry posted a loss in the quarter ending March despite reports of improving demand. Commerce figures show a 10 million loss from Jan 1 to March 31 1991 versus 60 million profit a year earlier and 20 million less than the preceding quarter. A textile economist cited recession and higher cotton costs as key factors. Cotton climbed to about 95 cents a pound amid stronger demand and a shift back toward cotton in products such as underwear.
The NRC prepares a blueprint to extend licenses for aging plants as Yankee Rowe in Massachusetts eyes a renewal next fall. Critics led by the Union of Concerned Scientists warn the reactor vessel could become brittle from radiation, potentially threatening safety and prompting calls to shut it down.
Baltimore report says the Presbyterian Church U S A General Assembly rejected a report proposing premarital sex and homosexuality as acceptable and affirmed traditional marriage. The assembly voted 534 to 31 and sent a letter to 10 500 churches restating views on sexuality while rights supporters protested with a cross and singing. The outcome echoes debates in other denominations.
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