08 Mar 1986
Page 1
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 08, 1986
Page
1
The Federal Reserve lowers its discount rate to 7 percent from 7.5 percent, the lowest in almost eight years, prompting major banks to reduce their prime rate from 9.5 to 9 percent. Analysts expect further easing in mortgage and other rates as oil prices drop ease inflation fears.
Area bankers say a Federal Reserve discount rate cut to 7 percent will eventually lower local loan rates, but effects will be slow due to a weak economy and coal industry woes. Local rates now linger around 9 to 9.75 percent with limited loan demand.
The Joint Committee on Government and Finance in the West Virginia House seeks a task force to study infant mortality and promote prenatal care and preventive measures. Delegate Richard Flanigan and Del egate Phyllis Givens back the plan, with Dr. Carlos Lucero of Beckley noting high death rates in the first year, especially the first month, and southern regions where obstetric services have declined. The study will solicit statistics and involve professionals in preventive medicine, social work, and education to address the issue.
United flight attendants of the Independent Federation of Flight Attendants join other union members in backing the walkout at Lambert International Airport. The strike began at midnight Friday as picket lines form around the terminals.
A federal jury in Winston-Salem North Carolina convicted Robert Veneri of Princeton on 16 felony charges tied to attempting to hide fraudulent odometer readings. The stormy weather forecast for tonight calls for clear skies and a cold low around 28 with Bramwell noted in the day’s entries.
In Richmond the Senate approved Gov. Baliles plan to raise 47.5 million annually for highway construction. The 33-6 vote backed Sen. Edward Willey’s amendments reducing the gas tax from 11 to 15 cents and repealing a 3 percent wholesale fuels tax. Net increase is about 1.12 cents per gallon with funds placed in a discretionary highway planning account.
Heather Joyner laughs at classmate Cynthia Woodward after a fall on snow covered Ramsey Street. Both are third graders at Ramsey Elementary in Mrs Worley's class. Mercer County students were released two hours early due to weather on Friday.
Piedmont Commuter Systems plans to decide within a month whether to add air service at Mercer County Airport. Roy Haggerty said the visit to Bluefield came after chamber leaders and travel agents arranged meetings in Charlotte and Bluefield to gauge ticket demand and flight connections.
The U S civilian unemployment rate rose 0.6 percentage points to 7.3 percent in February, the largest monthly gain in nearly six years. Weather and industry weaknesses in California Texas and Illinois pushed the surge, with an accounting error adding at least 0.1 point. Civilian employment fell 400,000.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.