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Annapolis Capital Newspaper Archives Jan 10 1998, Page 2

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Capital, The (Newspaper) - January 10, 1998, Annapolis, MarylandClinton 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 d Box Laurel my today sunny saturday january 10, 1998, Annapolis my 35 cents associated press i new York the Jones Indus trial average tumbled yester As a third straight Day Steep declines in Asia that the genomic crisis threatening ithe world Economy since october is festering i zither than Healing. The Dow which has fallen More than 4 percent in the first six sets inns of after logging an impressive percent gain in 1997, fell As much As 275 Points during the heavily traded session before closing with a loss of 222.20 at worst one Day Point drop since record october plunge it was the worst one Day Point drop for 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 Nas Jaq Market suffered its second worst Point drop Ever. It was the fourth busiest Day Ever on the new York Stock Exchange with 746.42 million shares changing hands. 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 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 said Hugh Johnson chief investment officer at first Albany corp. Last week for one fleeting moment it started to seem 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 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 the 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 on thursday served a search warrant on Kokomo travel inc. At 9 Vernon ave. Officers seized computers files and documents to investigate the claims . Detectives said clients told police they paid the Agency for cruises. Police checked with three cruise lines that should have had hooked trips none of the cruise lines received full payment from the Agency for the trips said officer Carol Frye county police spokesman. No charges have yet been filed against the travel Agency police we Are concerned that there Are a lot More people out there that Are going to drive to Florida expecting to get of a cruise to the Bahamas and have them say they have no clue who they officer Frye. Said. George Lantzas an attorney for. Travel Agency owners Vicki and Stewart Hill yesterday denied any allegations that the company scammed clients. They deny any or. Lantzas said. Yesterday at the Agency or. Hill declined to comment on the invest see travel Page a 10 Parade salutes firefighters _ r _ _ by Sorga m. Lundskow capital children lean Forward to catch a glimpse th6 next fire truck coming up main Street during a Parade last night honouring those who took part in fighting the dec. 9 Blaze. Protective scaffolding Rem ans in place where the fire occurred. We appreciate the Effort _ _ by Christopher Monsey staff writer one month ago yesterday the fire to hit downtown Annapolis in decades turned Mam Street into roaring Battleground of smoke flame waiter. The bricks Street again crowded with City naval ibis the they walked in a proud Poces in no of family members and received a j i. Community s applause for stopping the Blaze. Norman Rockwell is alive. This is Small town Annapolis this is the spirit of Annapolis and we re celebrating said mayor Dean l. Johnson shouting to make himself heard As he stood on bumper of a parked fire Utility truck 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 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. P.m., the same time one month Aid co seeks huge for Bur Aries associated press Pikesville gov. Parris Glendening yesterday proposed the biggest increase in state Aid feb libraries since the system began in 1945. If approved by the general Assembly million commitment represents a 16.8 percent in crease in funding. Statewide counties could receive nearly j23 million or per capita. A. Experience and Butl Frary is a Central part of or. Glendening said. State schools superintendent Nancy said the proposal Clr Amati Cally underscored the importance of Reading. Adequate current accessible libraries Are critical to fostering a love of Reading for a she said. Maryland already pro Vides the most state Aid to counties among states that share the costs. In 1998, the state s 5 million residents of nine books from libraries or. Glen Lennig said. Under his proposal Anne Arundel county would receive an additional a 16.8 percent increase that mean million in total wets a support. Statewide Queen Anne s county would the most proportionally with a 31.2 percent increase to Baltimore City would grow the least at ebb percent to million. Or. Glendening pledged a three year commitment to libraries with Library funding growing to million statewide by 2001, or per capita c obviously extremely said a Yoni Lockwood assistant director of Baltimore counts Glendening see libraries Page a 10 ski helmets better Safe than sorry recent deaths h e Many thinking about safety gear for the slopes inside years to to while photos to j Henson the capital Art Cerasani owner the ski Haus arranges a display of popular helmets for skiing. The helmets might possibly have saved the fives of two famous men who died skiing this week. By Karessa e. Wei staff writer Art Cerasani has been trying for persuade people to buy and use Hurtt Snow skiing. And while he does t want to say the two recentes Lising deaths of Michael Kennedy and Sonny Bono will increase Elifiet sales in his Cape ski shop it May make others think again about safety gear. It took two celebrity deaths to make people pay attention to the said or. Cerasani owner of ski Haus ski and bicycle shop. Of those two had been wearing helmets it would have been a totally Cerasari fits Matt Cramond of Millers late Kennedy son of the late sen Robert f. With a Bifko Brand thl helmet 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 so aiming through tree sat heavenly so since he was 6 and does not Wear a helmet. I have Confidence that i be skied enough i won t run into a 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 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 in Hearty agree ment. Owner of wave dancer snowboard shop in Annapolis mall or. Cerniglia said 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 Arundel report. By Calendar. 84 capita camera. A7 capita camera. C14 classified.c6, d4 Church directory. A6 b6 crossword. D13 death notices. 013 editorials. As Homes. I lottery. A4 movies. B4 obituaries. A9 television.-84-5 tides. A9 resort 4n Lake Taboe Calif. 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 portions of the capital Are printed each Day on recycled paper. The newspaper also is recyclable 268-7000 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

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