01 Sep 1998
Page 1
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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 01, 1998
Page
1
The Dow Jones industrial average plunged 512.61 points to 7539.07 on Monday in heavy trading surpassing 900 million shares. It marked the second-largest point drop on record, behind the 524.26-point fall of Oct 27, 1997, and only ahead of the Black Monday swoon of Oct 19, 1987.
A fragment references an ex May event on Santonet Channel Six this month. No further details are readable to specify people, dates, or actions.
U S officials call North Korea Taepo Dong 1 a dangerous destabilizing test with 1500 kilometer range. Secretary of State Albright and Japan voice concern as talks in New York follow the launch. Congress weighs fuel oil aid conditions.
Russia faces a political and economic crisis as lawmakers vote down Viktor Chernomyrdin’s bid to form a new government. He urged urgent steps to prop up banks, protect accounts, and revive industry, but the Duma remained bitter and divided on the crisis.
A Monday alcohol task force meeting in Lawrence revealed strong student opinions on college drinking. Kansas University student Trevor asserted that students drink everywhere and that non drinkers in dorms are lying. High school students were described as drinking at a friend’s house or in corn fields.
The Census Bureau reports real median income for Americans over 65 rose 57 percent for married couples and 63 percent for people living alone from 1969 to 1996 driven by Social Security, pensions, education from the G I bill, a strong real estate market, and more women in the workforce.
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