GNP grows 2.9 percent in first quarter, trade deficit weighs
The Commerce Department reports GNP rose 2.9 percent annual rate in Q1, down from prior estimates. A widened foreign trade deficit trimmed almost $8 billion from growth, with Volcker warning of slow economy but not a recession. Analysts doubt Q2 will exceed 1 percent.
MENTIONED IN THIS ARTICLE
Federal Reserve
Paul Volcker
Volcker
Gross National Product Revised Figures Real GNP At 3.62 Trillion
The revised first quarter data shows real GNP at 3.62 trillion dollars with an annualized growth rate of 1.9 percent. The report updates the nation’s measure of total goods and services produced, reflecting adjustments in price and output estimates.
Senate approves sweeping tax overhaul amid vote near
The Senate rejected an amendment to aid middle income taxpayers, clearing the way for final passage of a broad tax overhaul. A 71 to 29 vote blocked George Mitchell’s plan for a 35 percent top rate for the richest 5 percent, as debate shifts toward a House-Senate conference. A secondary action allowed AP to unify income for tax purposes in its not for profit operations.
MENTIONED IN THIS ARTICLE
Washington
Senate
George Mitchell
Maine
House
Mitchell
Finance Committee
Associated Press
Excedrin warning issued nationwide after cyanide found
FDA Commissioner Frank E Young urged immediate stop to Extra-Strength Excedrin capsules after cyanide was detected in a bottle linked to a Seattle area death. Bristol-Myers withdrew all Excedrin capsules nationwide and asked consumers to stop using them. Two Bluefield pharmacists said they were removing the product from shelves and advised caution until the issue is resolved.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
FDA
Frank E. Young
Bristol-Meyers Co
Bluefield Area
Steve Shrewsberry
Athens Pharmacy
Judge delays ruling in Mercer jail overcrowding case
U S District Judge John T. Copenhaver Jr postponed a decision on a writ of prohibition filed by Mercer County Sheriff Donald R. Hare to bar county judges and magistrates from sending people to the jail over crowding. Attorney Robert King argued federal courts lack jurisdiction. Hare’s attorneys contended jurisdiction exists in state matters involving federal involvement. The petition names Sheriff Hare and had listed county commissioners initially but they later dropped out.
MENTIONED IN THIS ARTICLE
Charleston
U. S
John T. Coperhaver Jr
Mercer County
Donald R. Hare
Copenhaver
Robert King
Hare
King
Princeton
Edwin B. Wiley
Ray Bragg
Claude E. Blankenship
Clarence H
David Knight
Knight
Man in homemade paddle boat bikes toward New Orleans
Dan O'Hare paralyzed from the waist down after a 13 year-old mugging paddles from St. Louis to New Orleans with his dog Charlie on a home-made boat. The 1,400 mile journey aims to raise funds for the first United States Wheelchair Sports Center in Walnut Creek California. The St. Louis Gateway Arch appears in the background.
MENTIONED IN THIS ARTICLE
Dan O'Hare
Mississippi River
Charlie
St. Louis
New Orleans
O’hare
United States
Walnut Creek
Calif
St. Louis Gateway Arch
House OKs South African sanctions
The House approved on a voice vote a substitute amend ment for the Anti-Apartheid Act of 1986 calling for withdrawal of U S business investment in South Africa and an all out trade embargo. Lawmakers backed sanctions more to thwart them than enact them amid rising opposition to apartheid.
MENTIONED IN THIS ARTICLE
Washington
House
U.S
South Africa
Pretoria
Congress
Motions heard to dismiss defendants in $40 million air crash suits
Mercer County Circuit Judge William O. Bivens heard motions to dismiss three defendants in related civil actions totaling 40 million dollars stemming from the 1984 Mercer County Airport crash that killed four Dean Company employees and injured two. The defendants include Stone Aviation, the West Virginia Aeronautics Commission, and Piedmont Aviation. Lawyers were told to file memoranda by June 30, while the four suits were filed by the spouses and estates of several victims.
MENTIONED IN THIS ARTICLE
Princeton
Mercer County
William O. Bivens
Dean Company
Bivens
Case
Marilyn Stone
Stone Aviation
West Virginia Aeronautics Commission
Piedmont Aviation, Inc
North Carolina
Timothy J. Connelly
Piemont Aviation
Betty Costoples
William A. Costoples
Frankin R. Phipps
James E. Phipps
Sandra S. Phipps
David McKinney
Elaine McMinney
Marcia Howell
Kennth
Thursday Outside Forecast Note
The forecast calls for sunshine and clouds with a high near 76 degrees and a low around 56 at night. Partly cloudy skies expected tonight with pleasant daytime conditions.
Low ties two records at Mercer County Airport
The low temperature reached 48 degrees at the Mercer County Airport on Wednesday, tying the date records of 1965 and 1974 per local record keeper Tim Kish. The reading marks simultaneous record ties for the same date.
MENTIONED IN THIS ARTICLE
Mercer County
Tim Kish
26 Die in Grand Canyon Sightseer Crash
A helicopter and a twin engine plane carrying 26 sightseers and crew collided in the Grand Canyon, crashing in flames and killing everyone aboard on Wednesday.
MENTIONED IN THIS ARTICLE
Grand Canyon
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U.S. Rt. 460
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