Soviet official urges reform as economy runs at a loss
Prime Minister Nikolai Ryzhkov warned that legislation due today could kill failing enterprises if they stay in deficit. He cited 13 percent of plants operating at a loss in 1986 and outlined plans for six new independent banks to back the state system, while promising factory rescues and job transfers for workers of closed facilities.
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Moscow
Nikolai Ryzhkov
Kremlin
Mikhail Gorbachev
Ryzhkov
Supreme Soviet
Gorbachev
High-rise fire in New Delhi kills three and injures eighty
A blaze at the 11 story Ansar Bhavan building trapped over 300 on upper floors. Three people died including a burn victim and a fall from a ladder. 80 injured and 15 hospitalized. Firefighters used rope bridges to evacuate and helicopters aided roof rescues. Officials cite possible electrical short circuit as cause.
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New Delhi
India
Ansar Bhavan
H.K.L. Kapur
Kapur
Air Force
F Donald Nixon dies at 72 in California
F Donald Nixon younger brother of President Richard Nixon dies at Hoag Memorial Hospital in Newport Beach at age 72. Funeral director Bill Whitaker says death from natural causes. CBS News notes the president cannot attend due to recovery from prostate surgery. Gail Love of the hospital provided a statement.
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Richard Nixon
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Van Gogh bridge painting sells for record price
Christie's auction in London sold Le Pont de Trinquetaille for about 12.65 million pounds. The painting fetched 20.24 million dollars, the second highest price for a painting at auction, amid a 47 million dollar Impressionist and modern sale. An anonymous European bidder bought the work by telephone as bidding rose in 500,000 pound steps.
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London
Vincent van Gogh
Trinquetaille
van Gogh
le Pont de Trinquetaille
Christie
Christie’s
Mark Wrey
Paris
Edouard Manet
Gore declares 1988 presidential bid from Tennessee
Senator Albert Gore Jr. launches his Democratic campaign in Carthage Tennessee saying the country can no longer wait for leadership. He frames his bid as national not regional and notes his Vietnam service and aim to prevent nuclear war while pursuing younger leadership.
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Albert Gore Jr
Middle Tennessee
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