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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Oct 24, 1994
Page
3
A passing by action assassin detonated a device at an election rally near Colombo injuring key leaders including opposition presidential hopeful Gamini Dissanayake. The blast occurred weeks before polls and peace talks with Tamil Tigers were to resume.
Los Angeles AP reports gasoline prices slipped about half a cent in the last two weeks. The national average reached 120.47 cents per gallon on Friday, down 0.63 cents from October 7, according to Trilby Lundberg whose survey covers 10 000 stations. She notes the decline is smaller than recent dips and may be near a bottom.
President challenges Gingrich's Contract With America as deficit fears loom. He says cuts to Social Security are off limits and Medicare savings should fund health care reform. Clinton accuses Republicans of miscasting the economy while campaigning in San Francisco Seattle and Cleveland. He also backs Ron Sims against Sen. Slade Gorton in a tight King County race.
Aristide plans to appoint Smarck Michel, 57, a longtime associate and former commerce minister, as prime minister amid efforts to steady Haiti and win business support. The U.S. will open a police academy at Camp d Application to train Haitian army and police to international standards, aiming for about 3,000 new officers by December.
Sri Lanka halted peace talks with Tamil rebels and postponed elections after a woman blew herself up at a rally, killing opposition candidate Gamini Dissanayake and about 50 bystanders. The government imposed emergency rules, curfew, and armed forces alert as violence raises questions about the peace process amid a 11 year civil war.
Washington analysts foresee the Federal Reserve tightening credit more than expected at the upcoming FOMC meeting. Consumer spending remains robust, with shoppers using credit widely, while housing stays vibrant despite higher mortgage rates. Economists warn more rate hikes could be needed to slow growth.
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