Jobless numbers at record highs as May unemployment hits 9.5 percent
U S unemployment rose to 9.5 percent in May, with 10.5 million people out of work. Black unemployment reached 18.7 percent, and half of black teenage males were jobless. Total employment rose to about 100.1 million, while adults and teens shifted for summer hiring. Budget chief Stockman warned of a potential midyear recovery, and Labor Secretary Donovan expressed concern over the persistent jobless rate.
MENTIONED IN THIS ARTICLE
Washington
U.S
America
Bureau of Labor Statistics
Labor
Raymond Donovan
Britain and U S veto cease fire at UN over Falklands war
At the United Nations a Security Council vote to demand an immediate cease fire in the Falklands conflict was vetoed by Britain and the United States. Nine members supported the Panama Spain backed measure, while France and three others abstained. Britain and the United States argued the resolution failed to require Argentina's withdrawal within a fixed time. Meanwhile British forces pressed positions around Stanley as Argentina reportedly ferried troops and received missiles from Libya.
MENTIONED IN THIS ARTICLE
Associated Press
U.N. Security Council
New York
United States
Britain
South Atlantic
Soviet Union
China
Panama
Spain
France
U.N
Anthony Parsons
U.S
Jeane J. Kirkpatrick
Falklands
Stanley
Buenos Aires
Argentina
London
Libya
Joint Chiefs of Staff
Israeli air strikes on Beirut amid Lebanon fighting
Israel retaliated for the attempted murder of its British envoy by bombing Palestinian strongholds in Beirut and PLO rocket bases in the north. The heavy clashes, the bloodiest since the July truce, killed at least 49 and could exceed 400 injured as rescuers comb rubble.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Israel
Britain
PLO
London
Shlomo Argov
Jarjoua
Jbaa
Jiye
Texaco pays $1.7 billion settlement to Louisiana power utility
Texaco will compensate Louisiana Power & Light with cash and gas rights totaling 1.7 billion after renegotiating long term gas contracts. Louisiana Public Service Commission ratified the deal deeming it the largest settlement of its kind. The utility may use funds for rebates or debt reduction, while Texaco guarantees gas savings and offers 46 percent of Louisiana gas discoveries until 1992.
MENTIONED IN THIS ARTICLE
Associated Press
New Orleans
Texaco Inc
Louisiana Public Service Commission
John Schwegmann
Louisiana Power & Light Co
Waterford III
Bob Redhead
Texaco
Louisiana Power & Light
Louis Lambert
Commission
Baton Rouge
Louisiana
Volcanic ash cloud may chill Earth after Chinchonal blast
A vast 17 mile high plume from Mexico's Chinchonal eruption spreads ash sulfuric acid cooling sunlight in Hawaii Japan and tropics. NASA scientist James Pollack says climate impact this year is possible but not certain and health of life should not be threatened. Historical parallels to Tambora Krakatau are noted.
MENTIONED IN THIS ARTICLE
Sun Mountain View
Calif
Hawaii
Japan
Chinchonal
Mexico
James Pollack
National Aeronautics and Space Administration
Ames Research Center
Mount St. Helens
Tambora
Indonesia
Pollack
Earth
New England
London
Thames River
Krakatau
Alaska to pay $1000 to residents under oil fund plan
Alaska lawmakers approve a backstop plan to mail $1000 to every resident this summer if a Supreme Court ruling delays or blocks the existing resident-based payments. The $415 million comes from the Permanent Fund with future annual shares tied to fund earnings.
MENTIONED IN THIS ARTICLE
Juneau
Alaska
Statehood
Anchorage
Ron
Patricia Zobel
State Supreme Court
U.S. Court
Jay Hammond
U.S. Supreme Court
Alaska Permanent Fund
Bill Ray
Tim Kelly
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Odessa
By Merrill Hartson
AP Labor
David A. Stockman
Jjasondj Fmam
Dept. of Labor
U.S. Veto
Texaco Pays Utility
By Kevin Noblet
Monster
Cloud
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