U.S. Soviet start new START talks in Geneva
U.S. negotiator Richard Burt and Soviet Yuri Nazarkin opened a fresh round of arms talks in Geneva aiming to cut strategic long range missiles and warheads. They echo Jackson Hole spirit and warn there are no quick fixes to strategic stability as talks target a 6000 warhead ceiling and 1600 delivery vehicles with US excluding forward based systems.
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Brezhnev Loses Highest Military Honor in Russia
Moscow reports that lawmakers repealed the 1978 decree awarding Leonid Brezhnev the Order of Victory. Tass said the grant did not match the distinction’s status. Brezhnev, a WWII major general in name only, spent the war in ideological work.
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Bush tours Hugo damage and pledges relief aid
President Bush flew to Charleston South Carolina to view the Hugo devastation after the hurricane. He signed a 1.1 billion disaster aid package for South Carolina North Carolina and Caribbean islands and announced 1.1 million for Justice Department repairs while praising local morale and leadership. The trip included a brief coast view amid fog and a check to the Red Cross with leaders noting the boost to spirits.
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Leading indicators rise for second straight month in August
The Commerce Department reported a 0.3 percent rise in the Index of Leading Indicators for August, the second monthly gain after July's 0.1 percent increase, signaling stronger near term economic growth amid solid orders for consumer goods.
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Administration rejects 50 percent IRA deduction plan
Treasury Secretary Brady told Senate Finance Committee the Bush administration cannot support Lloyd Bentsen’s 50 percent IRA deduction restoration due to high cost. He cited a $15.3 billion price tag for 1990-94, or over $11 billion if delayed to 1991, and stressed budget stringency limits.
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Search for sunken CH-58D helicopter in Persian Gulf
U S minesweepers using remote operated vehicles search the central Persian Gulf for a CH 58 D helicopter that sank after Wednesday night crash. Two pilots escaped with superficial injuries as rescue helicopters lifted them to safety from the sea near the USS Rentz. The wreckage remains missing, with minesweepers staying on site until recovered.
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Weather measures across the nation with heavy rain and highs
Rapid showers and thunderstorms covered the Southeast and far West while the East warmed after frost. The National Weather Service cited heavy rain and wind gusts to 56 mph in Pueblo Colorado and flooding near Cottondale east of Tuscaloosa Alabama. Rain spilled across Kentucky Tennessee Valley and the lower Mississippi Valley to the Carolinas Georgia and Florida. Storms spread from southeast Wyoming through Colorado Nebraska to the California coast and western Nevada. Temperatures ran below normal in the West as rain continued, cooler weather expected. Portland hit 89 degrees breaking the Sept 28, 1970 record. Astoria rose to 83.5, both well above prior marks.
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Dixon Weather and State Lottery Draws Highlight Week
Dixon reported a high of 73 degrees and a low of 39 on Thursday. Illinois State Lottery results showed daily game number 7 4 8 and Pick Four 8 2 0 1. Saturday’s Lotto grand prize is estimated at 12 million dollars.
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Commodity quotes brief from Merchants Trading Company
Noon market update lists live cattle and hogs futures with Oct Oct. 71.95 for cattle and Oct. 43.37 for hogs, corn at Dec 2.32, soybeans Nov 5.70, wheat Dec 4.05, cotton Dec 72.30 and gold Dec 371.50 with other feeds and metals prices shown.
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