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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 03, 1987
Page
1
Washington reports productivity by U S businesses rose only 0.5 percent in the first quarter, undercut by slower April factory orders. Meanwhile April new home sales jumped 7.6 percent, the largest gain in four months, seen as a panic driven blip rather than real confidence.
Accu Weather exclusive forecast for the Daily Telegraph calls for warm temperatures and high humidity with mixed clouds and sunshine and a strong possibility of a thunder storm. The high near 78 with overnight clouds and a 60 low.
On June 3, 1893 the Bluefield Telephone Company was organized and chartered by David E. Johnston. At that time Princeton had only one telephone line, located at the Straley and Mahood store.
President Reagan nominated economist Alan Greenspan to head the Federal Reserve, replacing Paul Volcker who stepped down after eight years. Volcker said he left voluntarily, with markets reacting to the surprise move as traders weighed implications for inflation, dollar value, and debt turmoil.
Washington AP reports that Paul Volcker's resignation as Federal Reserve chairman is unlikely to lead to major policy shifts under new chairman Alan Greenspan. Analysts expect Greenspan to continue conservative policies, maintaining Volcker’s inflation-fighting legacy while navigating a Fed board filled with Reagan appointees.
Mercer County Health Officer Dr Allen Dyer convenes a special 3 p.m. meeting at the county health building in Green Valley to determine if operations will continue between now and July 1. Dyer says no definite closure news before the session and will act based on the board's decision.
Seven week old Great Dane litter lines up for a family portrait as their owners Tiki and Phillip Harrison showcase unusual head protection made from gallon milk jugs. The look follows ear cropping performed by a local veterinarian, a procedure done to enhance appearance.
AP report cites World Health Organization official Dr. Jonathan Mann saying as many as 10 million people may be infected globally with HIV. He warned the epidemic has started and could cause political and economic upheaval in severely affected countries.
West Virginia state Board of Regents approved fee hikes for next year raising up to 5 percent for students. Non-residents at Marshall University face up to 37 dollars per semester more, while medicine pharmacy and engineering students incur up to 358 dollars more per semester. The board also cut funding to public colleges by 8.2 million dollars and demanded two week budget impact revisions. The Legislature had cut state agency funding by about 19 percent for 1987-88.
Washington AP Abrams admitted on the worst day of six years as assistant secretary of state he misled a congressional panel by not disclosing he solicited 10 million dollars from Brunei for the Nicaraguan Contra program. He testified that he lacked authority to reveal the solicitation and later apologized in a December 8 closed session.
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