02 Oct 1992
Page 1
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Oct 02, 1992
Page
1
Washington reports the unemployment rate fell slightly to the lowest since 1986 as employers added 53,000 workers. President Bush calls the data encouraging, while economists note private sector gains offset public sector losses and speculate on Fed policy ahead of the polls.
The September jobless rate edged down to 7.5 percent as efforts to spur hiring continue. Analysts note mixed signals but markets eye potential policy shifts while payroll data remains uneven across sectors.
FMC Corporation announced 115 layoffs at its Verones Industrial Park plant, a 30 percent workforce reduction from 400. About 75 employees would lose jobs, with 40 transferring, retiring, or finding other positions. The cutbacks affect both office and factory staff, and were anticipated despite the 1983 Defense Authorization Bill funding Bradley upgrades.
Democratic Senate hopeful William Kent chided absent opponent Greg Ryberg for owning beer and gasoline businesses calling them two things that don't mix. The event drew only five candidates and featured a clash between Irene Rudnick and Eric Radford over a DUI administrative revocation bill.
Ross Perot returns to presidential race promising a serious campaign focused on issues. he plans an advertising blitz and two half hour TV blocks next week. stockdale and margot Perot prepare to hit the trail as Clinton and Bush watch warily.
A U S Sea Sparrow missile from the carrier USS Saratoga hit a Turkish destroyer during NATO exercise Display Determination 82 in the Aegean Sea. At least five Turkish sailors were killed and 14 injured, including the destroyer’s commanding officer Captain Kudret Gungor. The incident near Izmir occurred with no U S casualties reported. initial Turkish tolls were revised downward.
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Representative Butler Derrick of South Carolina calls for a full accounting by the Bush administration and AID regarding allegations from 60 Minutes and Nightline that taxpayer funds supported American companies moving operations abroad. He urges an AID Inspector General review and notes his history with the textile industry and Made in the USA labeling.
A bipartisan panel concludes that if Bill Clinton replaces Bush, South Carolina families would face lower health care costs. The Clinton plan would raise costs less than Bush, with fewer uninsured by 2005, and would cover all residents, while Bush would leave 27 million without protection. The analysis compares projected family spending and growth rates under both proposals.
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