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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 25, 1998
Page
5
Americans’ personal income rose 0.5 percent in November, the largest gain in nine months, with spending up 0.1 percent as holiday shopping nears. Savers set aside some income for the first time in three months while unemployment benefit claims fell by 13,000 to 287,000, the lowest in 18 months.
The Dow Jones edged up toward a fresh high, gaining 16 points to 9,218 at noon on Christmas Eve. Mix of gains and losses across the S&P 500 and Nasdaq reflected thin post-holiday trading as investors pocketed Tuesday’s rally and year end factors supported broad gains. The Commerce Department reported November personal income up 0.5 percent, the largest in nine months, underscoring continued strong consumer activity.
Agriculture Secretary Dan Glickman said the 1998 ag crisis saw record-low prices bad weather and disease. Congress approved a 7 billion relief package with 1 billion in tax cuts and nearly 3 billion delivered by Thanksgiving, with remaining funds to assist spring planting. He urged stronger crop insurance and risk management next year to replace subsidies and bolster the safety net.
Bluefield Regional Medical Center celebrates nearly a century as the area's first hospital, a stable presence in Bluefield's history while embracing new treatments and technology. The hospital now highlights its most advanced cardiology care and expanded cancer services.
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