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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
May 19, 1992
Page
3
The Commerce Department reported that housing starts in April fell to 1.12 million at an annual rate, the steepest drop since 1994. Both single family and multi family sectors declined, with multi family down 43.1 percent and single family down 10.6 percent, offsetting a strong first four months of 1992.
Textiles continued: Mount Vernon Mills reports robust demand for denim and other apparel fabrics. President Joe Jennings says sales are strong, plants are running full, and he sees no downturn before year end. The Greenville operation highlights the tight market as apparel fabric demand remains solid.
The CFAC is set to honor members of a blue ribbon panel at its May quarterly meeting. The group, drawn from Aiken, Moneta, North Augusta, Graniteville and nearby areas, completed a facility needs study submitted to the county Board of Education. The panel previously endorsed a bond referendum to allow voters to decide on the future of their schools.
In Kabul a bustling Thieves Market flourishes as lawlessness spreads after the fall of the Soviet backed regime. Looting has emptied police stocks and stolen goods from hundreds of shops and homes flood the bazaar. A rebel commander in charge of security says the new government利益 seeks to keep chaos to profit, while 49 partners have sold at least 200 televisions in weeks since the government formed.
The Upjohn Co maker of Halcion reports a near unanimous FDA advisory panel vote backing the drug as safe and effective with a stronger warning on the label for psychiatric side effects The panel suggested caution while England bans Halcion and a public citizen group calls for removal from the U S market and a criminal probe.
Amid soaring tensions over Suchinda's pro-military coalition, thousands of demonstrators clash with soldiers at barricades outside the Royal Hotel. Gunfire erupts, hundreds are wounded, and at least 16 killed as troops clear crowds and search hotels room by room. Fire and looting spread to government offices and tax department.
The article details Lawrence Welk’s leadership style on his television show, noting his strict discipline, salary conservatism, and knack for choosing performers based on audience feedback. It covers his origins, family, tours, and a 1990 controversy over a German Russian heritage museum grant, ending with his survivors and funeral notes.
An Aubrey G. Lanston & Co. economist expects a quarter-point funds rate cut to spur banks to lower the prime rate from 6.5 percent to 6 percent, keeping it near 6 percent into fall. Some economists doubt further cuts after May and June, while others see a last easing before the November election. The Fed last reduced rates to 3.75 percent on April 9 after December’s 3.5 percent discount rate drop.
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