Navy to Christen Submarine USS Nebraska at Groton
The USS Nebraska, the Navy’s 14th Ohio class ballistic missile submarine, will be christened in Groton Connecticut on Saturday. Sen. James Exon of Nebraska will be principal speaker at Electric Boat Division, the shipyard that built the 560 foot vessel carrying the Trident II missile.
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Air Force Academy superintendent dies at 66
Retired Gen. James Rodgers Allen former superintendent of the Air Force Academy and head of the Military Airlift Command died Tuesday in Andrews Air Force Base Maryland at age 66. A Louisville Kentucky native and 1948 US Military Academy graduate he led the academy from 1974 to 1977 and commanded the Military Airlift Command from 1981 to 1983.
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Bush to sign ban on chemical weapons treaty
President Bush will sign an international agreement to ban chemical weapons at the first opportunity and urges other nations to join. White House spokesman Marlin Fitzwater said negotiators completed the Chemical Weapons Convention in Geneva last week and that removing the threat of these weapons is possible when all states abide by the treaty.
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Carrier moves closer to Bosnia
The Navy ordered the aircraft carrier Saratoga and its 80 warplanes toward the Adriatic Sea to support U N humanitarian shipments to war torn Bosnia. A USS Biddle cruiser accompanies the task force as a precaution while no concrete orders for action were issued.
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Manufacturing Slump Persists in July With Tiny Fed Upswing
In July manufacturing activity stalled as demand remained weak and production barely rose 0.4 percent on a rebound from weather and a rail strike. Fed notes a June drop revised to 0.4 percent, while inventories rose 0.6 percent and sales climbed 1.6 percent, led by manufacturing and wholesale sectors.
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Fed reports month earlier rise marks largest since 1991
The Federal Reserve Board noted that the latest figure came in higher than expected, representing the month earlier increase and the largest gain since a 1.8 percent advance in April 1991. This signals a stronger trajectory for the economy and prompts analysts to reassess monetary policy outlook.
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