Stock markets dip as rally fades on Thursday
Prices fell 39.11 to 2 583.32 ending a brief rally. People seek reasons why torna spares some stocks and not others. Grand finale of Main Street Concert series today at Chicory Square on weekend events.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 31, 1990
Page
1
Prices fell 39.11 to 2 583.32 ending a brief rally. People seek reasons why torna spares some stocks and not others. Grand finale of Main Street Concert series today at Chicory Square on weekend events.
Bes Binder wins Illinois lottery and plans to share 27 million with 14 relatives and others. She says the family will stick together through thick and thin as the prize is distributed among relatives.
The National Weather Service calls for a partly sunny day with highs in the upper 70s and a tonight stay mostly cloudy with lows in the 50s.
West Virginia posted the nation’s largest population drop in the 1980s with 1,782,958 residents in 1990, down 166,686 from 1980, an 8.5 percent loss. Senators Rockefeller and McKinley blamed federal policies and taxes, while Berkeley County led gains and Kanawha County remained largest despite losses. officials say the state must avoid tax hikes to attract business and restore jobs.
President Bush urged wealthy allies to share the cost of America's Persian Gulf military buildup. He called for contributions from Japan, West Germany, Kuwait, Saudi Arabia, the United Arab Emirates and South Korea as the crisis loomed. Bush cautioned that hostages in Iraq should not dictate U.S. policy and said a diplomatic settlement was unlikely, while noting the Gulf situation appeared relatively stable.
Sri Lanka will stop selling tea to Iraq to comply with United Nations sanctions over Iraq's invasion of Kuwait. Plantation Minister Ranjan Wijeratne said the UN clarified tea cannot be exempt from the embargo. Iraq bought 100 tons at the latest auction, far below normal, and did not bid further as shipping is restricted.
Gov. Gaston Caperton lines up a three year education package anchored by performance standards for teachers and a state board oversight cap. The measure cleared the Senate 31 to 0 and the House 94 to 0 before a final signature push in a long extraordinary session.
The Division of Highways has ordered flashing warning lights near the Mercer Mall intersection on Route 460 to alert motorists of signals ahead. After initial DOE rejection, Commissioner Fred Vankirk agreed this week to install the four-lane highway safety feature following talks with Mercer County legislators Sen Tony Whitlow and delegates Richard Flanigan and Terry Basham.
Dwight Moore of the Greater Bluefield Chamber of Commerce notes the Tele Scripps Mountain Festival exposure on The Nashville Network boosted the area. TNN aired August specials featuring the May event in Bluefield and the Statler Brothers performance. Officials expect future economic benefits though 1991 outcomes are uncertain.
McDowell County Board of Education loses seven parking spaces after underground water leakage cracks and sinks the lot. Superintendent Kenneth Roberts says funds will be directed to schools first as parking repairs are costly. Parallel parking will replace seven spots amid staff reductions and use of an upper lot.
Mercer County Solid Waste Authority plans a bond issue capped at 3.4 million to fund a landfill expansion. Bids were opened totaling 2.358 to 2.747 million for the project. Engineer Joyce urged review and a special meeting after PSC approved a 30 per ton dumping fee, with final Natural Resources permit pending.
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