OPEC Cut Sparks Price Rise Fears in Bluefield Area
Local dealers forecast gasoline prices to jump at least 10 cents this week after OPEC agreed to cut oil production. Randy Carter and Jack Necessary projected higher costs, while others awaited word from their firms. Some sellers voiced uncertainty as market momentum cooled on the international rally.
MENTIONED IN THIS ARTICLE
OPEC
Bluefield
Randy Carter
Randy
Exxon
Carter
Jack Necessary
Virginia Avenue
Jim
Texaco
Princeton
Jim Bowling
Red Head
Pat
West Princeton
Associated Press
U.S
Organization of Petroleum Exporting Countries
Trade Association
Britain
Norway
Tax plan keeps IRA deduction
Senate negotiators debated a new tax overhaul proposal allowing many workers with company pensions to keep deductible IRA contributions. Packwood proposed deducting medical expenses above 7.5 percent of income, ending the Blue Cross Blue Shield exemption, and raising corporate taxes by 118.5 billion over five years to finance individual tax cuts. The plan would suspend indexing for one year in 1989 to speed the rate reductions next January, aiming to avoid a temporary tax rise for many households. Packwood said pension and foreign earnings issues drive concerns. Chafee warned agreement may shift as talks continue.
MENTIONED IN THIS ARTICLE
Washington
Senate
Bob Packwood
R-Ore
Finance Committee
Blue Cross
Blue Shield
Packwood
House
United States
John Chafee
R-R.i
Chafee
Thursday forecast for cloudy, sun and scattered storms
The forecast calls for clouds with some sun and a couple of showers and thunderstorms. High near 82. Tonight to be partly cloudy with patchy fog and a thundershower threat. Low around 67. Weather A-8
Athens High starts first football practice since 1936
Inside the Athens Daily News, Athens High School opens football practice with an inexperienced squad and coach Ernie Martin, aiming to prove himself as leader of the district’s first team since 1936. The feature appears on sports page B-4.
MENTIONED IN THIS ARTICLE
Athens High School
Ernie Martin
Administration predicts record 230.2 billion deficit for year
The Reagan administration projects a 230.2 billion US budget deficit for the current fiscal year despite expected revival in growth. It attributes the higher deficit to weak first half performance and a large trade and energy sector gap, risking major cuts to meet Gramm Rudman targets ahead of elections.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Congress
Michigan Bush camp claims victory in Michigan delegate race
In Lansing AP report Bush supporters claim victory in Michigan's non-binding delegate race while Robertson backers point to poorly performing contests. Lee Atwater asserts Bush led on tallies from about half the contests and Robertson cites staff reports placing him at 49 percent of counted delegates, though many were unopposed.
MENTIONED IN THIS ARTICLE
Lansing
Mich
George Bush
Michigan
Pat Robertson
Bush
Lee Atwater
Robertson
Governor cites heavy manufacturing Bluefield job prospect
Gov Arch Moore Jr said the Bluefield project involves a heavy manufacturing industry and hopes to attract up to 100 jobs. He will not name the company to avoid triggering bids from other states and plans to meet the chief executive officer in Bluefield within two weeks. Local officials report several prospects in Mercer County with no specific firm identified.
MENTIONED IN THIS ARTICLE
Arch Moore Jr
Bluefield
Charleston
Moore
Mercer County
Princeton
Paving project at airport may be delayed until after Labor Day
Mercer County's airport may postpone a seven day runway paving project beyond Labor Day as engineering consultant Wil Smith of Pentree, Inc., reports contractor difficulties meeting paving specifications. The runway will stay open to commercial flights until the project starts, with test strips showing incorrect gravel gradations. Piedmont Commuter airline seeks updates on the schedule.
MENTIONED IN THIS ARTICLE
Mercer County
County Airport Authority
Wil Smith
Pentree, Inc
Smith
Mike Holcomb
Piedmont
Also Mentioned on This Page
Madison Galbraith
Merrill Lynch Energy Futures
API
American Petroleum Institute
Tom Sawyer
Australia Benson
Connie Blackburn
Bramwell
Bramwell Landmark
Fred Brown
Bramwell High School
Athens
Eeneseeereeee Neseesererses
Chicago Tribune Graphic
Chicago Tribune News
Gates
GOP
Charles Black
Bob Pepalis
The
Daily Telegraph
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