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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Aug 11, 1989
Page
1
Arnie Palmer delivers a bold rally as Arnie's Army roars at the 71st PGA Championship. Bud Poliquin notes Jack Fouts leads Cornell as a football man, while SU freshmen arrive on campus to begin practice.
San Francisco pitcher Dave Dravecky returned to the mound after more than a year in treatment for cancer. He allowed four hits and struck out five as the Giants beat the opponent 4-3. His wife Jan spoke emotionally in the locker room after the win.
A major outdoor celebration in Clinton Square caps Syracuse Herald Journal’s 150th anniversary with a free laser display and a Syracuse Symphony Orchestra concert. The event features two projectors on the newspaper building and Soldiers and Sailors Monument scaffolding, with $43,000 spent on planning. The performance includes Shostakovich Festive Overture, Gershwin American in Paris, and Bernstein and Mason’s West Side Story selections. streets may close around the square.
State police responded to a car crash on the St. Regis Indian Reservation marking their first call there since July 20. Tony Laughing operates a casino near Tony's Vegas International in defiance of a federal gambling warrant. the wider gambling issue sits with the federal government. State police maintain about 170 troopers in the Massena area with standby patrol costs exceeding 750000 dollars.
Economic outlook brightens as wholesale prices fall for a second month, gasoline and new car costs easing. The Dow hovers near its record high while the Labor Department PPI slips, fueling expectations the Fed may cut rates to avert a recession. Wholesale inflation for the first half of 1989 runs higher than last year.
On August 25 1987 the Dow closed at a record high but slid 983.68 points amid the crash. The market has since regained nearly all losses and remains 9.79 points below the all time peak.
Earl and Florence Hallenbeck of Onondaga were exploited over three years by a man posing as a debt collector for a supposed grandson in danger. Police say at least 7,000 dollars were taken since May with potential losses over 10,000 dollars. Richard Mackey, 59, of Central Square was charged with grand larceny and related offenses after a bank manager alerted authorities.
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