Marcos trial opens in Manila amid graft suits
In Manila the Marcos trial began in absentia as prosecutors press 35 civil cases against Ferdinand Marcos and 350 associates over anti graft violations. They seek about $100 billion in damages and the recovery of sums to be proven in court, highlighting contrast between declared earnings and opulent lifestyle.
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Bakker declared fit for trial after competency hearing
UPI reports televangelist Jim Bakker, 49, was deemed emotionally fit to resume his fraud and conspiracy trial in Charlotte North Carolina, though exhausted and saying he felt like a week in a loony bin. Experts differed on his mental state, with Johnson insisting no hidden illness and Bakker maintaining reality despite dissociation. The trial, linked to PTL’s fundraising and the Hahn scandal, has seen heavy media presence as prosecutors pursue 24 counts.
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U.S. firms plan 7.7 percent rise in 1989 capex
U.S. companies expect capital spending to hit $464.0 billion in 1989, a 7.7 percent gain after inflation, the Commerce Department said. Analysts note the increase is driven mainly by equipment rather than new buildings, signaling optimism yet caution amid the slow economy.
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Carter mediates unprecedented Ethiopian Eritrean peace talks
At the Carter Presidential Center Jimmy Carter and Rosalynn greet mid level Ethiopian officials and Eritrean rebels as they begin talks. After 28 years of war worsened by drought and famine both sides accuse each other of blocking aid.
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Pesticide Firms Halt Use On Many Crops
Four major producers Pennwall Corp Du Pont Rohm Haas and BASF voluntarily suspend use of EBDC pesticides on more than 60 fruits and vegetables amid theoretical cancer risk concerns. The move aims to avert possible EPA restrictions on pesticides used on over 70 crops from asparagus to bananas to wheat.
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UPI
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Tax debate widens over capital gains cut
Senate Democratic leader George Mitchell defended targeted tax relief for small businesses while opposing Bush's plan to cut the capital gains rate from 33 to 15 percent. He warned a broad cut would boost the wealthy and reduce revenue, hurting the middle class.
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Bush
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Midwestern Storms Drench Plains to New Mexico and Midwest
United Press International reports heavy showers and thunderstorms across the central United States, from Colorado and Kansas to Nebraska Iowa and Missouri, with New Mexico Louisiana and southern Mississippi also soaked. Hail and flood watches hit Kansas, while Wisconsin reported fog tied to a school bus crash injuring 17.
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Illinois Weekend Weather and Lottery Numbers
Illinois forecast partly cloudy on Saturday with thunderstorms possible in the south half. Sunday and Monday look fair with highs from the upper 70s to mid 80s. Lows range from the mid 50s to the lower 60s. Lottery numbers show daily game 0-0-5, Pick Fours 3-7-7-9, Little Lotto 15-17-24-25-27, and an estimated Lotto grand prize of 7 million dollars for Saturday.
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Chicago
UPI
Illinois
Voney
Commodity and futures quotes from Mercant Trading snapshot
Noon commodity quotes show mixed futures across meats grains and softs. Live cattle and hogs edge higher while soybeans and corn advance with September cocoa and metals trading steady. All figures from Mercants Trading Company reflect current market levels and contracts through month dates listed.
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Merchants Trading Company
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