08 May 1987
Page 1
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
May 08, 1987
Page
1
U S Geological Survey scientists cite quartz fractures in samples from Europe New Zealand and the Pacific indicating a single catastrophic impact ended the dinosaurs 65 million years ago rather than volcanic activity. The findings appear in a Science report dated May 8.
The Fed reports U.S. consumer credit fell $63 million in March to $579.53 billion, with $500 million paid off on credit cards but economists say debt may have moved to home equity loans as borrowing shifts.
The forecast calls for clear to fair skies overnight and sunny conditions tomorrow. Lows around 50 tonight with highs in the low 80s tomorrow.
The notice lists several deaths including Eugene E. Bush Miami Dr. Anthony F. Cermak Wilmington David Floyd Nichols Dorothy J. Lopez Beech Island Elsie L. Maddox Clarks Hill William L. Mann Aiken Walter McDowell Jr Mount Vernon Willie C. Smith Augusta The page invites readers to see full details on Page 6A for biographical notes and survivor information.
Gary Hart announces withdrawal from the Democratic presidential nomination in Denver after a brief campaign run of 26 days. Aides say the decision follows a firestorm over his personal life with campaign manager Rodger McDaniel and Bill Dixon contacting supporters to explain the abrupt end.
The Labor Department reports a 6.3 percent April unemployment rate, the lowest since 1980, as 1.8 million net payroll jobs are added, mainly in service industries including retail trade and health services. Construction rebounds, manufacturing modestly up, teens and women show varied changes. Janet Norwood notes shift to a service economy affecting traditional gender patterns.
The Washington Post reported hours before Gary Hart ended his race that evidence of a recent liaison with a Washington woman accelerated the withdrawal. Campaign officials cited protecting his family but said it was not the sole reason for ending his bid.
The sudden exit of front-runner Gary Hart shifts the contest to seven largely regional candidates and Reverend Jesse Jackson, with figures like Biden Clinton Gore Gephardt and Simon rising as new potential leaders. Hart plans to withdraw in Denver, opening room for possible new entrants and reshaped momentum.
The Business Council predicts U S economic growth of about 2.5 percent this year with expansionary forces fragile amid world trade tensions and rising rates. While not forecasting a recession in 1987 or 1988 some members assign a 25 percent risk of downturn, signaling slower growth than earlier projections.
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