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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 03, 1987

Page

8

Five day forecast for Bluefield and Princeton area

Accu Weather calls for a warm humid period with clouds and sun and possible thunderstorms. Today highs near 78 and a 60 degree night. Tomorrow cooler with late thunderstorm chance and 76/55. Friday 74/54, Saturday 76/53, Sunday 76/55 with cooler, drier air. Record highs and lows noted for June 3.

Weather forecast highlights regional heat and storms

The Accu Weather forecast calls for clear skies for most of the nation with hot humid weather in the East. Thunderstorms or showers are expected in Texas the Midwest and the Northeast. Our area should see cooler temperatures sunshine and many thunderstorms. Regional highs include 110 in Blythe California and 25 in Gunnison Colorado.

Texas Midwest

Cooler air to end Virginia heat wave this week

Weather expert David Stooksburg says a cold front will push into Virginia Wednesday bringing thunderstorms and cooler, drier air. The heat wave that sent schools home and pushed 90s into July highs should ease Thursday and Friday with more comfortable conditions across the state.

Stooksburg Piedmont Tidewater Veena Gulf of Mexico Virginia Washington, D.C Atlantic Coast Boston D.C Pennington Gap

Greenspan mixed reception abroad as Fed pick stirs markets

London and other capitals reacted coolly to President Reagan’s choice of Alan Greenspan to replace Paul Volcker as Fed chair. European officials voiced surprise and doubts about Greenspan’s stature, while markets swung with stocks and bonds plunging and metals rising. Some praised his Wall Street respect, others questioned his experience, as officials signaled possible policy continuity but warned inflation risk remains a concern.

London Reagan Alan Greenspan Paul Vo Icker Federal Reserve Greenspan Volcker Bill Martin Phillips and Drew Britain Treasury Nigel Lawson Martin Wall Street Michael Osborne The Kleinwort Grieveson Ltd Osborne Bonn Gerhard Stoltenberg U.S Fed Deutsche Bundesbank Welcker Bundesbank Paris Tokyo Shigeo Kurobayashi International Economic Research Center United States

Federal Reserve Money Flow and Policy Functions

Washington AP summarizes how the Federal Reserve uses open market operations to manage the money supply. Purchases inject reserves into banks, boosting lending and lowering rates, while sales tighten funds. The Fed also guides rates via the discount rate charged on loans to institutions.

Washington Federal Reserve System Fed

Evacuation After Ohio Chemical Tank Spill

A hazmat tank truck overturned on I-70 near I-77 in Cambridge Ohio releasing phosphorus trichloride fumes. More than 2,000 residents evacuated. 18 treated at Guernsey Memorial Hospital, including six firefighters and three officers. one firefighter admitted in fair condition. Fire extinguished by 8 a.m.. cleanup and partial lane reopenings followed. authorities warned fumes could be poisonous if inhaled.

Cambridge Ohio Guernsey Memorial Hospital Bill Coffey Rhonda Hagans Allan Franks Ohio Environmental Protection Agency Franks Highway Patrol Mike Quinn

Volcker’s steady hand praised as Fed chair ends eight-year run

In New York and Washington circles, Paul A. Volcker is lauded for taming double-digit inflation and boosting the dollar during his eight years as chair of the Federal Reserve Board. Appointed in 1979 by President Carter, he slowed money growth and credit, helping sustain a long peacetime expansion and strengthening financial markets. The piece notes Volcker, aged 59, and highlights his impact on monetary policy and economic stability.

New York Paul A. Volcker Federal Reserve Board Volcker Central Bank U.S Jimmy Carter Fed

Senate approves near ten billion dollar 1987 supplemental

Senate passes a 9.7 billion fiscal 1987 supplemental spending bill after waiving the budget 64 to 32. The measure funds agriculture via the Commodity Credit Corporation, adds AIDS testing for all immigrants by Aug 31, and includes raises for federal workers and military pay. The bill goes beyond self-imposed limits despite objections from Sen Gramm who urged trimming nonessential items.

Washington Senate Phil Gramm Texas Poland Gramm Bennett Johnston D-La Johnston Reagan House Alan Simpson R-Wyo Congressional Commodity Credit Corporation

Also Mentioned on This Page

Wchériessé Virginias Bluefield Princeton Caline Gunnison Colo Blythe, Calif Ihane Lo Pre Albuquerque Atlanta Charleston S.C W.va Charlotte N.C Cincinnati Cleveland Columbia Dallas-Ft Worth Detroit Greensboro Honolulu Indianapolis Jacksonville Kansas City Las Vegas Louisville Miami Beach New Orleans New York City Philadelphia Phoenix Pittsburgh Richmond San Diego San Francisco Washington,d.c Washington Street R.C Moon” Mullins Price Utah Joy Mullins Bluefield State College Ron McCurry Meadow Lands U.S. Farm Commodity Credit Corp Graue Graphic
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