Ironwood Daily Globe from Ironwood, Michigan on September 10, 1998 · Page 1
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Ironwood Daily Globe from Ironwood, Michigan · Page 1

Ironwood, Michigan
Issue Date:
Thursday, September 10, 1998
Page 1
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.World Watch THE DAILY GLOBE. Ironwood, Ml — Thursday. Sept. 10.1998 Page 2 Best Selection • lowest Prices • Most Convenient • Name Brands • Satisfaction t Guarantee No Where Else But At Western Auto. NEW TOLL FREE 1-800-546-WEST Western Auto 507 N. Lake St. Ironwood. Mfthtgan (906} 932-WEST lnk*Ui|Mn tli-mi-niV -—-"-'• Rjybestas Saver lifetime Warranty Brake Shoes Forecast For Noon Friday Weather Data O 199* A"'jW«lth» H L MCM icw /.E3 E5 E3 O *- ^.I--S> ajxxrr •vaw CMS FORECAST Tonight, partly cloudy. Lows about GO. Southwest winds 5 to 10 mph. Friday, partly sunny and breezy. Highs 80 to 85. LAKE FORECAST Lake Superior Tonight, southwest'winds 15 to 25 knots. Waves 3 to 5 feet. Friday, west winds 15 to 25 knots becoming northwest. Waves 3 to 5 feet. EXTENDED FORECAST Upper Peninsula Saturday and Sunday, partly cloudy. Lows in the upper 40s to mid 50s. Highs both days from about 70 to the mid 70s. IN IRONWOOD For the 24-hour period to 7 this morning: high 74, low 42. Previous period: high 62, low 41. Year ago: high 64, low 42. Records: high of 96 in 1931; low, 32, 1995. Sunset today. 7:23 p.m. Sunrise Friday: 6:34 a.m. Nation taking market gyrations in stride Yeltsin offers new nominee WASHINGTON (AP) — So far, Americans seem to be benefiting more from the silver lining of world financial turmoil -— lower interest rates— than hurt by the drops in the stock market and factory jobsf according to an Associated Press poll. Even during last week's wild ride on Wall Street, which began with the second-largest point drop ever in the Dow Jones industrial average, two-thirds of American adults say they have not changed their spending habits. Nearly 90 percent of those polled said their family's financial situation is at least as good now as a year ago — and more than 90 percent said they believed it would be as good or better a year from now. How respondents to the survey — conducted Sept. 2-6 for The Associated Press by ICR of Media, Pa. — ranked their economic concerns could explain why they've kept their positive outlook. At a time when mortgage rates are below 7 percent, inflation is the best in a generation and unemployment is near a 28-year low, most of those polled said interest rates and the job market are more important to them than the stock market. "My husband has a really secure job. He's a computer programmer," said Leslie Crismon, 33, a homemaker in Phoenix. "We have less money on paper, but it's not worrying us right now." Forty-four percent cited interest rates as the most important to them, 35 percent the job market and 13 percent the stock market. "Mortgage and loan rates ... will determine if I buy another new home ... even what kind of car I may buy in the future," said truck driver Martin Gasinger, 30, of Hubbard, Ore. Low interest rates are supporting the confidence of both home- buyerfl and homeowners who have recently refinanced mortgages, said economist Lynn Reaser of NationeBank Corp. in Jacksonville, Fla. "Interest rates have been the silver lining of all the difficulties in the international economy and the domestic, stock market that we've witnessed," Reaser said. With stock prices uncertain, more investors have sought the Associated Press Poll Economy poll Q Looking ahead to • y»_. • from now, do you expect your family's financial situation to be... Better than it is now Worse than it is now Donlknow/ , About the refused same as it is now Sourc*: AP W»ptnnt pot on Ifw •cooomy turn* t*fe*n S*rX 2-6 among • mndcxn Mmpfe oH.010 art* <4/TNrie*n* in a* MMM •xcMtf/Uwfca and Hfwmii try (CH at Medic. P*. RMutt n*v» a mmrgin of umpfng ttror ol p*u» or rrinut 3 penortmyt pent*. AP safety of government-guaranteed Treasury securities. The demand has pushed down interest rates generally. Even though most survey respondents had not changed their spending in response to the stock market, a significant minority — 30 percent —• said recent financial news had made them more cautious about spending. Whether they own stock appeared to make no difference: The proportion of cautious spenders was virtually the same. The news headlines about the stock market are making people nervpus about the general direction of the economy," Reaser said. "It's the general anxiety as opposed to specific losses." MOSCOW (AP) — Bowing to bitter opposition from parliament, President Boris Yeltsin nominated former spy chief Yevgeny Primakov today as prime minister to head emergency efforts to stem the country's economic crisis. Yeltsin proposed Primakov, Russia's foreign minister, after his first choice, Viktor Cherno- myrdin, asked not to be nominated for a third time. Leaders on all sides had warned of a political explosion if Yeltsin again chose Chernomyrdin. "In view of the repeated rejection of (Chernomyrdin) ... I ask the State Duma to confirm the appointment of Yevgeny Maximo vich Primakov as chairman of the government," Yeltsin said in a brief letter. Opposition and pro-government political leaders promptly welcomed Primakov's nomination, predicting the Communist-dominated lowe chamber of parliament, the Duma, would approve him. The White House also praised Primakov. A confirmation vote could come as early as Friday. "I think he will get the Duma's support. Common sense has prevailed," said Communist leader Gennady Zyuganov, who led the opposition to Chernomyrdin. Pri- makov is "known in the country and in the world and can carry out policies defending the interests of the nation." Chernomyrdin, meanwhile, said lawmakers' refusal to confirm him was part of a Communist plot to force Yeltsin to resign and seize power. "It's a creeping coup." In a televised address, Cherno- myrdin reproached Yeltsin for making concessions, urging him: "Show will!" - ..'...' The only opposition to Prima-. kov came from nationalist Vladimir Zhirinovsky of the Liberal Democratic Party, who denounced Primakov as an American puppet. As foreign minister, Primakov was widely seen as a nationalist, working to restore some of the international status Moscow lost after the collapse of the Soviet Union. He briefly was first deputy director of the KGB, the-main So- viet security organization, and later headed a KGB successor, Russia's Foreign Intelligence Service. In Washington today, White House press secretary Mike McCurry said, The United States government knows and respects Foreign Minister Primakov. ... We would expect to have a good and close working relationship with Prime Minister Primakov." Yeltsin announced the nomination after meeting in the Kremlin with Primakov and Chernomyr- din. "I cannot harm Russia. Russia has had enough upheavals this . ceotjiry. This is my choree," Cher- nomyrdin said. Yeltsin and the Duma have been locked in a two-week battle over the prime minister's post that stalled the formation of a new government after Cherno- myrdin was rejected twice by lawmakers. If the Puma rejects Primakov the president would be forced by law to dissolve parliament and call new elections. Primakov spoke today by phone with German Foreign Minister Klaus Kinkel, assuring him that Russia would stick to its current economic and foreign policy. , Ct-OVERLAND + OIISiEIVIAS •32-4424 Held Or*r EVER AFTER SKW tllMMOIl OB Showtime* 7:00 ft 9:15 Starts Friday Kodak Film Developing Hot Price every d-'V 4" Double Prints 2 for 1 Every Day Camera Mam Street. Ironwood 932-3901 Special Thank You To Our Relatives Trie family of Tony Kutt wlsh«s to acknowledge a special thank you to all our relatives who spent time at Grand View Hospital. St. Mary's In Rochester and at our home, also for the cards, (loral arrangements and food. It gave us strength, love and a helping hand. We shall never forget all your kindness, God Blta AluHtyt. RoteUt Kntf. *»J tixfrmily of Tony K*tx (M*rk, P**U, tft! Rick, Am? Tony II.J*J*t H»Uy **J Cl*yum) WEEKEND SALE Fri.. Sat.. Sun. Ladles', YOURS Teen's DRESS & CASUAI SHOES ONLY 10 ALL NAME BRANDS! 996 Selected, Pairs Regardless ol Retail Price-Values to '40 (All Shoes Clearly Marked) All Women's WINTER BOOTS & TENNERS (On The Sidewalk tables) 50%t.J5%0ff IVficHael's SHoes STORE HOURS: Mon.-Fn. 9 to 8;Sat 9 to 6; Sun. 10 to 5 Located in the Ironwood Shopping Plaza on East U.S. 2 Dona Martinson got ballooned on her 50th Birthday at the Uptown Cafe. Instead of 50 black balloons her sisters from out of town sent 50 pink balloons, (an inside joke). • Dona Yelled, "And how am I going to get these home?" "Now this is the second time you ballooned me; — Am I going to see you again?" Call Today for your Costumed Delivery! "AGiftv'Uh a Lift!" (906) 932-4952 ONE COUPON PER CUSTOMER FREE!! S3!!3 AUTO I B | ONE (1) CAR WASH | TOKEN (50 value) I Ray's Kwik Mart | Op«n: Valkllhai 5102ndAv«.N. 7«J7V-10p.m.D«ify »/17/»« Hurky 5«1-51I1 Deal Of The Day Find a coupon for free merchandise here every day equal to (or greater than) the cost of this newspaper. Clip it and take it to the participating business to receive your FREE merchandise or service. NO PURCHASE NECESSARY. It's like getting the Daily Globe FREE! For home delivery. DAILY G Gary A. Lambcrg General Manager Gary Mariani , '. Business Manager Andy Hill Managing Editor Gary Mecum Advertising Director Jeff Krone Circulation Manager Richard l.inn Production Manager (906) 932-2211 • (800) 236-2887 FAX (906)932-5358 Serving Range Readers Since 1919 VI UN. Nl'OIMS. 10 si lts< Klltl TO 'AI»V|-:KTISJ-:... . IM-OKMATIOV Siorv or picture idea*, correction*, question* or information on newi coverap*. Call (906) 9J2-2211 or Fax (906) 9W-5.15*. Monday-Thursday 7 a.m. to 2 p m. Prjjjy 7 a.m. to noon. 8 p.m. lo II :3fl p m. Omooaeon News Bureau: Jan Tucker. 4 Ifi Amygaloid St.. n. Ml Telephone (906) 884-« 196 Call the Circulation Department Mooday-Frulay 7 a.m.-4 p.m. for current »ub*crip«ion information. Save up to a third off the newsstand price by getting home delivery of the Daily Globe. Mined pap*rt: If you do not receive your paper and you cannot reach your carrier, contact circulation department by .V.V) p m. weekdays. Ask for classified ("For Sale Ads") or display advertising ("Ad» with a border"). An advertising representative will help you wrile and (Jruj;;n your ad. Call between 7 ».m. am) 4 p.m. Monday thrrxij?h Frict.iy. Business Office. Circulation. Classified. Display or other hilling questions 7 a.m.-4 p.m.. Mon.-l : ri. The Daily Globe (USPS 269-980) it published daily, except -Sundays and Memorial Day, July 4th, Labor Hay. Thanlcsxiving. Christmas and New Year's Day. by the Globe F\jbtishinR LI.C. Second class postage paid al Ironwood. Ml 499.18, f'OSTMA.STKK: Send address changes to THK DAILY GI.OHI7, PC). Box 548. Imnwood. Ml 4W8 DAILY GLOBE 1I8E. McLcod Ironwood, MI 49938

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