Ironwood Daily Globe from Ironwood, Michigan on June 18, 1998 · Page 2
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Ironwood Daily Globe from Ironwood, Michigan · Page 2

Ironwood, Michigan
Issue Date:
Thursday, June 18, 1998
Page 2
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WorldWatch THE DAILY GLOBE, Ironwood, Ml — Thursday, June 18, 19M Paqo2 Knowing You The Customer Comes First-Western Auto Is Here ——- To Serve You Along With Saving You Money. ^ Western Auto AH specialty batteries on sate now! NEW TOLL FREE 1-800-546-WEST 507 N, Lake St Iron wood, Michigan (906) 932-WEST Forecast For Noon Thursday Weather Data Lrrw»s separata h+gh tvtrpvratur* ;ror*« lor tf>« day 60s COUJ STAT1OHAHY C 1995 AceuW««lhe HfCiH 10* FORECAST Tonight, Showers and Ihundrr- •tormft likely. Low 55 "lo 60. Kast wind 10 to' 15 mph. Chance of rain, 60 percent. Friday. Showers and thunderstorms liici'ly Hi^h near 70. Chance of rain, 00 por- cent. LAKE FORECAST Lake Superior Tonight, northeast winds 10 lo 20 knots. Thunderstorms likely. Waves 2 to 4 feet. Friday, northeast winds 10 to 20 knots. .Chnncc of showers. Waves '2 lo 4 feet. EXTENDED FORECAST ., Uppt>r Peninsula S.nturiiiiy, a cliftncc of showers niui thiindorstorm.s. Highs in the low IT to mid 70s. Sunday, dry Lows in tho mid to upper 50s. Highs in the mid to uppiT 70s. Monday., dry, Lows in the mid to 'upper SOs. Highs in the mid to upper 70s INIRONAVOOD For thf 124-hour porio'l to 7 this morning: hi;;h 71 s , low 62. Previ- •on.s period 1 high 76, low S3. Year apo: hitjh ( )9, low .'Ki Records: high of 92 in 1933; low, IM, 1982. No precipitation during the 24-hour |H'ri(nl Sunset tcKl;iy: 8:56 p.m. Sunrise Kndny. 5:1)0 a.m. Presbyterians, American markets little changed Lutherans gain accord CHARLOTTE, N.C. (AP) — After 32 years of talks. Presbyterians and Lutherans have approved a pact to more closely align their denominations, an ecumenical agreement that could allow them to share the Communion table and the pulpit. The historic agreement was rec-. ognized Wednesday by Presbyterians attending their 210th annual General Assembly in Char- •' lotte. '-• Also on Wednesday, the top governing body of the Presbyterian Church (U.S.A.), meeting in the nation's top tobacco-producing state, voted to support Congress' first bill to curb teen smoking. The measure died in the Sen- Ate, however. • The denominations' accord could bring about routine changes, including Presbyterians and ' Lutherans taking Communion at >ach others' churches. Presbyterian congregations could hire Lu- .therans to be their pastors — or vice versa. The new status, called "full Communion," docs not mean a merger of the 26 million-member Presbyterian Church (U.S.A.) and the 5.2 million-member Evangelical Lutheran Church in America. The denominations still have some doctrinal sticking points. • Instead, the agreement commits Presbyterians, Lutherans, and members of the United Church of Christ ami the Reformed Church in America — }vho also are parties to tho agree- jnent •— to work together locally •nnd internationally and to di?- •velop procedures allowing for the '•exchange of clergy. f • "As the opportunities ari^e for ioopcrntive ministrim. the qnt-s- lion* can now Ix 1 Who h;i« the >kill«TWho.brtrigH the Kifii'" M.III! (iuy KdmiHion of Harri*ITU- NEW YORK (AP) — The United States' attempt to rescue the yen boosted Asian markets, but U.S. stock prices were little changed this morning and European markets fell amid skepticism about Asia's economic proa- pccts. : The problems haven't been solved yet," said Jeremy" Batstone, a strategist at NatWest Stockbrokers in London. Japanese Prime Minister Ryutaro Hashimoto acknowledged as much, saying in a news conference that Japan's troubled economy will get back on track with Commuter plane crash kills 11 MONTREAL (AP) — A commuter plane billowing smoke crash-landed today at Mirabel airport near Montreal, killing all 11 people aboard, airport authorities said. The twin-engine plane was based at nearby Dorval airport and was headed to Peterborough, Ontario, authorities said. "Once in the air, the pilot, in discussion with the tower, advised them there was some smoke in the cockpit," said police Cpl. Pierre Giguerc. "At that time, the plane was redirected to Mirabel, where it crashed." All nine passengers and two crew members were killed, said Rny Monette, manager at Mirabel, 25 miles northwest of Montreal. "It was a very turbulent landing," he told the Canadian Broadcasting Corp. "The fire on board just got worse. It just kept on going badly." The King Air twin-engine com- .muti'r plane wns ownod by Prop Air,, ri company ba»«?d in western help from a government stimulus plan. • Hashimoto also pledged to come up with a plan to solve the bad loan crisis at Japan's banks. "Japan has fallen into a state of excessive lack of confidence," Hashimoto said, just before he planned to meet with a delegation of U.S. finance officials. "These are very hard times." ' The Dow Jones industrial average was down 9.97 points at 8,819,49 in early trading. • Shares initially rose modestly on the London Stock Exchange, Europe's biggest equity market, but the blue-chip Financial Times-Stock Exchange 100-share index reversed course into negative territory. The "footsie" was down by 61.6 points, or 1 percent, at 5,771.1 by mid-afternoon. The pattern was similar across continental Europe. Big markets in Paris and Frankfurt showed losses in the afternoon —- as did smaller ones in Mi,!an, Amsterdam, Stockholm and Zurich. The sober dealings in the United States and. Europe marked a blunt contrast to Asia's euphoria. Asian traders today pushed the blue-chip Nikkei index in Tokyo up by 4.4 percent, and smaller Asian markets New Releases Now in Stock! CDs at the Lowest Prices showed even bigger gains. "The signs ore that the Asian crisis-is slowly coming under control, and the initial fears have diminished," said Guenter Burgold, a dealer at BHF Bank in Frankfurt. "But intervention in the past has always proven to be grasping at straws. The skepticism remains." The U.S. and Japanese central banks intervened on'Wednesday. to prop up the yen, which has suffered a recent sharp, dec lino against the dollar. .A rally on Wall Street helped fuel the buy- ing frenzy in Asia. "This is exactly the type of thing that should happen," said Jean-Michel Severino, a senior World Bank official. Others were less optimistic. "This is definitely not a turning point in the crisis," said Canton Poon. jk CLOVERUANO OIIMEIV1AS ff*l<S MIMISOK ion E3 TMtfcIS Start* JFYiday WVM •tMOVM GODZILLA •H3 WANTED WOMEN TO SING Become a member of the BELCANTO WOMEN'S ENSEMBLE - and sing through the summer. Rehearsal times very flexible. First meeting Tuesday, June 23, 6:30 p.m. Call or come to BOZENA STUDIO, 107 Aurora Street, Ironwood 906-932-5924 ALL WOMEN WELCOME Ronnie's MJIIX Street. Ironwood 932-3901 iSpier's f- On Sale Now for Father's Day! 11" Television for Only KKi ^Ive Dad [The Tool He >»% Wants! Thank You! >• ^ |M Thank my family tind many frtetitls u'ha (li'knou'lftlgrd my recrrtt btrthtiay u'tih cards,, calls, i - ,~ tt t 11 * i~ t i , , btillaom. qnurrnsr fomL and . KU^VTU- will tiff u* tf wofk li'- I v,-<c,j j-».it yr.>* full ,,"r. wsh i 5 V . f ; ! ) Sn :.»,!{ A BIG SCREEN TELEVISION .,/ Advanced Vkteo <M Imaging" DELIVERY AVAILABLE Now is the time to trade your old set for new. Financing Avotlablc ONY TV and APPLIANCE i ; / t H If I »» .» OSIO Deal Of The Day „•.{ \, t kt if \0 PI H( MASK KSSAkY i> v H > < I oflft

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