14 Jul 1998
Page 1
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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jul 14, 1998
Page
1
Inflation cooled in June with gasoline lettuce computers and cars driving the 0.1 percent CPI uptick. For H1 the pace was 1.4 percent annual versus 1.7 percent last year, while Merrill Lynch economist Stan Shipley called inflation dead.
The Dow rose 96.29 to 9,192.50 at noon on Wall Street. The S P 500 gained 10.96 to 1,176.15. The Nasdaq climbed 4.86 to 1,970.39. NYSE and Amex composites also rose, with the NYSE up 4.86 and the AMEX up 2.12. Local stock quotes show Casey’s, Fed, Dolr Gen, H R Block, O’Reilly Auto, Wendy’s. Grain prices at Ottawa Co-op and Franklin County Farm Services list hard wheat at 2.65 and soybeans at 6.14 and 6.19 respectively.
Hillary Rodham Clinton urged saving endangered U S historical sites during a visit to Edison National Historic Site in New Jersey. She cited a 1.2 billion dollar Park Service backlog and praised GE for a 5 million dollar donation to restore one building and preserve Edison papers.
A collage of brief notices and ads from Merle Norman Gifts to Ot tawa University. Items include toy bean bags from Disney and friends, frame shop and veterinary class schedules, massage gift certificates, a university office closure for an employee picnic, cleaning services with free stain protection, and grain buying requests, with contact numbers and short hours.
President Clinton called for legislation to promote Y2K information sharing and preparedness across all government agencies by March 1999. He warned the millennium bug could cause supermarket credit card failures and wider economic disruption, and he said the administration would recruit retired and active IT experts to tackle the problem.
An 88-year-old Virginia woman admitted to voluntary manslaughter in the bludgeoning death of a younger man in her home. The plea followed a judge's denial of dismissal of a first degree murder charge, avoiding any jail time. The frail 100-pound defendant offered no comment in court.
General Motors seeks a federal court order directing arbitration of grievances tied to the Flint walkouts at two parts plants. GM says the strikes involve national issues not local ones and seeks damages from the United Auto Workers while noting the dispute centers on capital investment and product allocation decisions.
The forecast notes warm, persistent winds in the Southwest while the central and southern Plains endure variable skies. Expect sun segments, partial clouds, and occasional showers with potential thunderstorms and scattered snow flurries in higher elevations.
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