30 Oct 1987
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 30, 1987
Page
1
The market climbed 91 points as analysts including a broker expressed belief that the worst may be behind the recent selloff. Traders watched key indicators and awaited further guidance from corporate earnings and economic data.
Reports cover a ground transportation center project with a Cedar Rapids apartment complex, a mayoral candidates forum transcript, a potential replica Union Station plan, a homicide by motor vehicle case, and a health fraud ruling in Johnson County. A Des Moines zoo toad eyes possible world record amid croaking officials.
A light joke notes a snake on the coffee table as a sharper reminder that some creatures intrude on daily life. The quip contrasts a grassy danger with a domestic surprise, delivering a quick laugh.
The House approved a deficit reduction bill 206 to 205 after leadership yielded on a welfare reform measure. The package includes a 3 percent pay raise for Congress and many federal workers, and aims to cut the deficit in the coming year. Negotiations with the Reagan administration loom as lawmakers push for a broader agreement.
President Reagan nominated Douglas Ginsburg to the Supreme Court, signaling a sharp conservative pick similar to Robert Bork. Ginsburg, 41, is a former Harvard Law professor and antitrust chief, praised for judicial restraint and law and order. If confirmed, he would be among the youngest justices and the first Jewish member since Abe Fortas.
Moscow sources report a top Gorbachev ally accused him of cultivating a personality cult at a Central Committee meeting. The dispute sparked a political crisis and may have slowed summit preparations. Boris Yeltsin pressed reform but stayed in Moscow posturing ahead of November celebrations. Washington talks were set to begin today.
Downtown Cedar Rapids may be tough for Santa to find as most holiday lights will be stored. Tay Petersen of the Greater Downtown Cedar Rapids Association cites complaints about last year’s decorations and notes a February committee to develop a spectacular new theme for the central business district.
A Pan American World Airways Boeing 727 came within about 50 feet of colliding with a DC-3 cargo plane near St. Croix Virgin Islands. Crew said they did not see the slower cargo plane until landing lights at 700 to 800 feet. The DC-3, operated by Sarib Air Cargo Inc, lacked a tail light or beacon. FAA said DC-3 operated under visual rules outside radar control.
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