Bush may not reappoint Greenspan as Fed chair in 1991
The Los Angeles Times reports President Bush likely will not reappoint Alan Greenspan when his term ends in August 1991 due to disagreement over interest rate policy. A longtime adviser says Bush is angry while White House officials deny a fixed decision. Republicans note economists see policy as weak amid economic weaknesses. Greenspan told Congress the recession threat had faded and he would not push rate hikes, which could raise inflation. A Senate clean air deal appears fragile over a $700 million coal miner aid plan championed by Sen. Byrd, with debate dragging past midnight delaying action.
MENTIONED IN THIS ARTICLE
Bush
Federal Reserve
Alan Greenspan
Greenspan
Congress
Senate
White House
Robert Byrd
D-W. Va
Lawmakers push to end tobacco ad tax deductions
New York legislators propose removing advertising cost deductions for tobacco firms claiming the move could raise about 9 million dollars. Tobacco Institute and lobbyist Walker Merryman argue the bill faces constitutional issues and would chill free speech while Grannis vows the fight won’t be easy.
MENTIONED IN THIS ARTICLE
The
Tobacco Institute
Walker Merryman
New York State
Ts Ting Tobacco
Alexander Grannis
Franz Leichter
Merryman
Deputies and dog uncover 1.8 million in cash in warehouse
Broward County deputies and a narcotics dog named Bruno found 1,788,088 dollars in a warehouse during a burglary probe. The money was mostly in small bills hidden in a false bottom of a 1988 Nissan Stanza station wagon. The cash and car were found after an anonymous tip.
MENTIONED IN THIS ARTICLE
Hollywood
Fla
Bruno
West Hollywood
al Gordon
Mike Hoffman
Wallace Haywood
Sunshine State
Gordon
Hoffman
Haywood
Ronnie Kline
Nissan
Broward County
Nick Navarro
Majority of AIDS tests show most not infected
Federal AIDS testing groups report that among 2.5 million tests from 1985 to 1989 across 63 programs, 6 percent were positive. Heterosexuals at risk and those tested without known risk factors accounted for over 70 percent of positives, while homosexual or bisexual men and intravenous drug users formed the highest risk groups. The FDA will let a San Francisco group continue clinical trials of the experimental AIDS drug compound Q with revisions.
MENTIONED IN THIS ARTICLE
Atlanta
National
Centers For Disease Control
CDC
Aids Rsk
California ribozyme blocks AIDS virus in lab test
Dr Ichi J Rossi of Beckman Research Institute reports a synthetic ribozyme that can cripple HIV by slicing its RNA, blocking replication in cultured human cells. While promising in vitro, clinical use is years away and delivery methods must be solved. Two labs plan further animal testing.
MENTIONED IN THIS ARTICLE
Washington
California
Ichi J. Rossi
Beckman Research Institute
City of Hope
Duarte
Calif
Science
Rossi
Also Mentioned on This Page
Stu
Fed
Grannis
Framingham
Mass
Knight-Ridder News Service
Tors
Associated Press
LA Z-Boy
Dewitt
Erie Blvd
East
Syracuse
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