Federal Reserve Cuts Discount Rate to 4.5 Percent
The Federal Reserve Board reduced its key lending rate from 5.0 to 4.5 percent the lowest in 18 years and the fifth cut since December aimed at steering the economy away from recession. After the move J P Morgan lowered its prime rate to 7.50 percent from 8.0 percent marking the fifth decline this year.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Fed
J.P. Morgan
Thelma Tropical Storm Hit Philippines Killing Thousands
Tropical Storm Thelma triggered flash floods and landslides across central Philippines. Officials report more than 2,300 dead and over 1,500 missing, most in Ormoc near Tacloban on Leyte island. The storm weakened to a tropical low, with many bodies unrecoverable.
MENTIONED IN THIS ARTICLE
Tacloban
Philippines
Thelma
Ormoc
Leyte
Imelda Marcos
Deaths of Frances Dorn Leona Flanders Dolores Mayock and Alex Schultz
Obituary notices list Frances P Dorn of North Augusta Leona Flanders of Langley Dolores W Mayock of Aiken and Alex Schultz of Jackson with a cue to see Page 3B for full details.
MENTIONED IN THIS ARTICLE
Frances P. Dorn
North Augusta
Leona Flanders
Langley
Dolores W. Mayock
Aiken
Alex Schultz
Jackson
Energy Secretary Accepts Resignation Over NPR Delays
James Watkins announced the resignation of Dominic J. Monetta, director of the Office of New Production Reactors, after NPR postponement. Monetta quit citing urgency changes, as NPR's future and Savannah River Site’s potential siting affect local jobs and regional growth while PEIS modernization timelines are sped up.
MENTIONED IN THIS ARTICLE
Washington — Energy
James Watkins
Watkins
Dominic J. Monetta
Monetta
Energy Department
NPR
Savannah River
Aiken
Changes At Top In Aiken
Fred B. Cavanaugh won the Aiken mayoral race with 2,805 votes to 1,824 for Lessie B. Price in a record turnout of about half the registered voters. Richard Johnson Jr. said 4,726 ballots were cast in Tuesday's election, unofficial until certification Thursday at 9 a.m. Cavanaugh credited the win to divine will and urged unity as the city moves into the 21st century. Price praised supporters and called the race clean, with re-elected Beverly Clyburn and Karen Morris Papouchado winning seats on the council.
MENTIONED IN THIS ARTICLE
Fred B. Cavanaugh
Aiken
Cavanaugh
Lessie B. Price
H. Odell Weeks
Richard Johnson Jr
Municipal Election Commission
Price
Cavanaugh Aiken
Beverly Clyburn
Karen Morris Papouchado
Bronze Stars Awarded to Desert Storm Veterans in Aiken
Ceremonies in Aiken honored three Desert Storm veterans from the 450th Ordnance Company, Sgt. 1st Class Joseph Crane, Staff Sgt. Eugene Guyton, and Sgt. Keith Godbee, who received Bronze Stars for exceptional service. Captain Andrew J. Vause and First Lt. Brent Gutierre also received Bronze Stars in separate ceremonies.
MENTIONED IN THIS ARTICLE
Aiken
Joseph Crane
Eugene Guyton
Wagener
Keith Godbee
Augusta
450Th Ordnance Company
Andrew J
Jim) Vause
450Th
Vause
Brent Gutierre
Gutierre
Gates Chosen to Lead CIA in Post Cold War Reshaping
Senate confirms Robert M. Gates as director of central intelligence to steer the CIA toward a leaner post cold war structure. Gates, the first career analyst to rise to the post, faces tighter budgets and oversees coordinating intelligence agencies amid calls for retrenchment.
MENTIONED IN THIS ARTICLE
Gates
CIA
Washington
Robert M. Gates
Senate
Reagan
Central Intelligence
Senate Intelligence Committee
David Boren
D-Okla
Homeless Seek Shelter as Atlanta Faces Deep Freeze
Shelters across the South rush to house homeless during a three day cold spell in Atlanta with a record low of 26 degrees. Mothers seek coats for children and adults at Moreland Avenue shelter while Atlanta Union Mission volunteers distribute winter gear amid arctic air from Canada. A National Weather Service specialist notes the cold will ease with a warming trend forthcoming.
MENTIONED IN THIS ARTICLE
Atlanta
Cheryl Proctor
Moreland Avenue
Canada
Ken Holmes
National Weather Service
Salvation Army shelter demand steady as cold persists
Despite 25 degree lows, Aiken’s Salvation Army on Gayle Drive saw no spike in overnight shelter use. Capt. Sigfried Hackbarth said demand remains steady with winter ahead likely increasing needs for fuel, clothing, and blankets. Nearby regions reported record lows and one confirmed death from hypothermia amid widespread cold.
MENTIONED IN THIS ARTICLE
Aiken
Sigfried Hackbarth
Salvation Army
Gayle Drive
Frederick B. Cavanaugh Jr. Named Mayor-Elect in Aiken
Frederick B. Cavanaugh Jr., 54, Republican, elected mayor in 1985 after four years as mayor pro tem. Aiken native, principal engineer for Westinghouse at Savannah River Site, graduated from Aiken High School in 1955 and Virginia Military Institute with an electrical engineering degree. He and wife Lee Quinn Cavanaugh have two sons, Alex, 18, and Brian, 9. He began with DuPont and moved back to Aiken in 1978 and serves as elder and teacher at Grace Brethren Church.
MENTIONED IN THIS ARTICLE
Frederick B. Cavanaugh Jr
Westinghouse
Savannah River
Aiken High School
Virginia Military Institute
Lee Quinn Cavanaugh
Alex
College of Charleston
Brian
Aiken
Cavanaugh
DuPont
Grace Brethren Church
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Federal Reserve
Cingmitibtiaen Cui
Emma
Abby
Lewis Grizzard
Peneen See
Soca
Agency
DOE
Bush
Philip Lord
By Scott Webster
Mary Anne Cavanaugh-Herlong
Mary Cavanaugh-Goodwin
Lee Cavanaugh
Lewis M. Goodwin
Brian Cavanaugh
Carolina
Senators
The
Associated Press
Holmes
Atlantic States
Midwest
Great Lakes
Florida
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Minnesota
Texas
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