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Annapolis Capital Newspaper Archives Jan 10 1998, Page 1

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Annapolis Capital (Newspaper) - January 10, 1998, Annapolis, Maryland Clinton says nation on a Roll / a2 Small prize big is not always better when it comes to Home sizes / do Colgate visits Navy to play 2 in hoops cd preservation archives p 0 Box 155s " Laurel my �0725 sunny 52/26 details Page a saturday january 1o, 1998, Annapolis my 35 cents associated press new York the Dow Jones Indus trial average tumbled 222 Points yester Yas a third straight a Steep declines in Asia Mafe Msj jigs. That the Ujj nomic crisis threatening the world Economy since october is festering rather than Healing. The Dow which has fallen More than 4 percent in the first six less inns of 1998, Afier logging an impressive 2&6 percent v gain in 1997, fell As much As 276 Points during the heavily traded session before closing with a loss of 222.20 at 7,580.42. J worst one Day Point drop since record october plunge it was the worst one Day Point drop for 746.42 million shares chancing hands. Mtr to it a or text to pm a thu Asp Dow since oct. 27 s record plunge of 554 Points and fourth biggest in history for the famed barometer of 30 big companies. However the damage was heaviest among technology shares the sector deemed most vulnerable to the trouble overseas. The technology heavy Nash a Stock Market suffered its second worst Point drop Ever. It was the fourth busiest aay Ever on the new York Stock Exchange with g the Panicky sell off came after investors woke up again to Steep Market declines in Southeast Asia this time in the Philippines where stocks plunged 8,3 percent and Singapore where the main Market Index Sank 7.4 percent what s so aggravating is that it does t seem that the financial crisis in Asia has bottomed said Hugh Johnson chief investment officer at first Albany corp. Last week for one fleeting Moent it started to see As though we were turning the Corner. We had meaningful rallies in just about every country in the Pacific rim. The heavy Selling around the world helped the . Bond Market which is seen As a Safe Haven and momentarily pushed Long term yields toward another record Low. Treasury yields help deter mine the interest charged on Many types of Loans such As mortgages and its recent lows have Many homeowners watching the Market trying to pick the Best time to refinance. The renewed Market turmoil has been fuelled by fears that several asian nations won t enact the sweeping economic re forms being demanded by the inter National lenders to secure billions of dollars in badly needed Loans. The risks to the global Economy Are severe. With out a speedy turnaround Asia s fiscal woes might Spur a worldwide recession. The Selling intensified in he afternoon see Dow Page a 10 Agency residents allege paying for trips never booked by e. Janene Nolan staff writer a Glen Burnie travel Agency is being investigated for fraudulent credit card practices after county police received More than 40 com plaints from people who were Alleg edly double billed for trips or paid county police said. Police on thursday served a search warrant on Kokomo travel inc. At 9 Vernon ave. Officers seized computers files and documents to investigate the claims police. Said. No Matt Rockwell is alive. This is Small town Annapolis. This is the spirit of Annapolis and we re celebrating it Sald mayor Dean l. Johnson shouting to make himself Hardas be stolid on bumper of a parked fire and addressed those who came out to Salute the firefighters. The firefighters were cheered by several Hundred people lining the sidewalks along main Street. Accompanied by fire equipment used to Battle the five alarm Blaze a pair of bagpipers and the Annapolis High school marching band the firefighters marched up main Street. The cavalcade of personnel and equipment got under Way at roughly. 5 13 p.m., the same time one month see Parade Page a10 seeks huge for libraries associated press " Pikesville gov. Parris Glendening yesterday proposed the biggest increase in state Aid to libraries since the system began in 1945. If approved by the tse neral Assembly 1bei&2 million commitment represents a 16.8 percent Job crease in funding. Statewide counties could receive nearly-$23 million or $10.75. Per capita. Learning is a lifelong by Jan aF.-, a experience and the Library is a Central part of that or. Glendening said. State schools superintendent Nancy Gra Sracic said the proposal dramatically underscored the importance of Reading. Adequate current accessible libraries Are critical to fostering a love of Reading for a lifetime she said. Maryland already pro Vides the most state Aid to counties among states that share the costs. In 1996, the state s 5 million residents checked out a average of nine books each from libraries or. Glei Lening his proposal Anne Arundel county would receive an additional $239,000 a 16.8 percent increase that mean $1.7 million in total a fifth support. ,. Statewide Queen Anne s county would Beng Ujj the most proportionally with a 31.2 percent increase to $122,000. Baltimore City would grow the least at Foj percent to $5 million. A a. Or. Glendening pledged a three year commitment to libraries with Library funding growing to million statewide by 2001, or $11.50 per capita c we be obviously extremely pleased said Lynzi Lockwood assistant director of Baltimore county Glendening see libraries Page a 10 hid helmets better Safe than sorry. W 1 recent deaths h e Many thinking about safety gear for the slopes inside photos by j. Henson the capital Art Cerasani owner of the ski Haus arranges a display of popular helmets for skiing. The helmets might possibly have saved we fives of two famous men who died skiing this week. By Karessa e. Wei staff writer Art Cerasani has been trying for. Years to persuade people to buy and use Hilr to while Snow skiing. And while he does t want to say the two recentes Lising deaths of Michael Kennedy and Sonny Bono will increase Helf fiet sales in his Cape st.,Claire ski shop it May make others think again about safety gear. It took two celebrity deaths to make people pay attention to the dangers said or. Cerasani owner of ski Haus ski and bicycle shop. If those two had been wearing helmets it would have been a in a bizarre coincidence both mar Kennedy son of the late sen. Robert f. Kennedy and . Rep. Sonny Bono r-Calif., died after crashing into Trees while skiing. Or. Kennedy was playing a family game of football while on skis i Aspen Colo. Or. Bono had left an intermediate Trail and was Siai Oming a rough Trees at heavenly so resort in Lake Tahoe Calif. With a Bifko Brand thl helmet. Experts around the country have been pointing to the accidents As prime examples of the need for ski helmets. But locally the Issue is More of personal Choice and responsibility. Kevin Fike 21, of Easton has been skiing sine he was 6 and does not Wear a helmet i have Confidence that i be skied enough i won t run into a tree he said. For children though it is always a Good idea said or. Fike who teaches outdoor education for the Myca. When i take the kids on the slopes they always Wear them. For Small children and people just beginning they have no control Over their bodies on skis he said. But try to get a helmet on someone whose been skiing for six or More years forget it there s no Vince Cerniglia was i Hearty agree ment. Owner of wave dancer snowboard shop in Annapolis mall or. Cerniglia said he tic of t highly recommend Elmets adults who know How to ski and snowboard and those who Aren t racing or doing tricks. He did however buy them for his two Young sons to Wear while they were learning snowboarding. See helmets Page a 10 Arundel report City Council to vote on fire safety panel. By Homes on the Home front coming in out of the cold. Do 4 sections 36 pages Arundel report by Calendar. 84 capita camera. A7 capita camera. C14 classified c6, Church directory. D4 6 86 crossword d13 death notices. 013 editorials. As Homes ,01 lottery m movies b4 obituaries a9 sports Stock. Television .84-5 tides a9 portions of the capital Are printed each Dayon recycled paper. The newspaper also is recyclable classified 410 268-7000 circulation 410 2684800 _kent.lslandt8pjpjjs57js8a-_

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