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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 15, 1990
Page
5
Greg Jordan explains net worth as assets minus liabilities and why spending visible possessions can hide true wealth. The piece uses two example couples to show how mortgage size and asset mix affect net worth, noting retirements, IRAs and pensions as factors.
A tentative settlement ended a walkout by 2,800 UAW workers at GM's AC Rochester West parts plant in Flint over health and safety. The strike disrupted parts flow, forcing shutdowns of four assembly plants and idling about 11,500 workers, underscoring GM exposure to local labor disruptions in a just in time system.
Stock prices moved higher in moderate trading erasing earlier losses on favorable Middle East news and lower oil. The Dow rose to 2747.77, up 0.99, with 852 advancers to 640 decliners and 496 unchanged. Volume on the NYSE floor reached 130.32 million shares, with total NYSE volume at 160.91 million.
Narrows Va market sold 110 head on Aug 11 totaling 216654.70 with hogs sheep cattle and goats. Alderson market sold 110 head Aug 10 for 27226.31 including stockers heifers steeds and cows. Lewisburg Bluegrass Market moved 186 head on Aug 11 totaling 61246.37 with pigs horses goats and cattle components.
The FDIC board voted 5-0 to raise premiums from 12 cents to 19.5 cents per $100 of deposits for 1991, a 62 percent increase. It would lift premium income to about $4.8 billion next year, but the fund may still need five more years to reach full strength.
Quotations from Wheat First Securities show inter-dealer bids and asks for various names. Apple Computer and MCI Communications appear with notable spreads. Several firms such as Nat'l Banc of Commerce and Premier Bank display modest bid and ask levels.
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