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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 03, 1990
Page
3
The FDA requires stronger aspirin warnings on all over the counter products due in a year to prevent fetal circulation issues and uterine contractions. The label change targets women in their final three months of pregnancy unless advised by a physician.
The United States finished 1989 with a net debt of 663.7 billion dollars, up 25 percent from the prior year, while overseas assets rose to 1.412 trillion and foreign holdings in the United States grew to 2.076 trillion, signaling rising concern over foreign control of American assets.
Soviet President Mikhail Gorbachev addressed 5,657 delegates in Moscow vowing to push reform despite conservative opposition. He avoided immediate votes on reform direction while quashing early challenges and keeping perestroika debates under control to prevent a repeat of prior congress bashing.
Elizabeth Irene Richardson 24 was sentenced to run a half page newspaper apology and radio spots in Dawson County for falsely accusing Gary Nitsch 44 of raping her in 1988. She received 180 days jail and two years probation. civil liberties group questions punishment as cruel and unusual.
The Customs Service, in its largest currency seizure, collected 22 million dollars from drug traffickers. Commissioner Carol Hallett unveiled more than 18 million in cash displayed on banquet tables in Miami. The 13 month sting involved Colombians and Cuban Americans with ties to New York and, while one arrest has occurred, more arrests are expected as the investigation continues.
Standard & Poor's cut MCI's senior unsecured and subordinated debt one notch after the planned Telecom USA acquisition. The agency warned of a near term capital-structure deterioration and higher fixed charges, but noted the merger could bolster MCI's position in the growing small-business phone market.
The White House refused to rule out income tax increases in deficit reduction talks. Deputy Press Secretary Alice Gl en said nothing is settled and everything is on the table. Senator Bob Dole had said Bush would not raise personal income tax rates.
Philippine provincial governor says authorities will negotiate with New People’s Army rebels to free Timothy Swanson a 26 year old Peace Corps volunteer abducted June 13 in Patag Negros Occidental. No military operation will be used until political avenues are exhausted.
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