The Eighties: Tuesday, June 24, 1986

Photograph: President Ronald Reagan making an address to the Nation on aid to the Contra Nicaraguan Democratic Resistance in the Oval Office, 24 June 1986. (White House Photographic Office/ Ronald Reagan Library/ U.S. National Archives)

Mikhail S. Gorbachev has told President Reagan that a meeting this year would not make sense without “concrete achievements” on nuclear arms control, according to Administration officials. But they said the Soviet leader had also carefully avoided making this a precondition for a meeting. The officials said these points were the thrust of a letter delivered to Mr. Reagan on Monday by the new Soviet Ambassador, Yuri V. Dubinin. According to the officials, the letter stressed the need for an agreement on strategic nuclear offensive arms and on defensive weapons. But it also called for progress toward eliminating medium-range missiles in Europe and for a ban on nuclear testing. The officials described the tone as “positive” and “practical,” and said much of it focused on Soviet-American talks in September. These include the resumption of the Geneva arms negotiations and the likelihood of a get-together between Secretary of State George P. Shultz and Foreign Minister Eduard A. Shevardnadze at the United Nations General Assembly. Mr. Gorbachev indicated that he would examine the progress made in these talks as a basis for judging prospects for a summit meeting. A senior Administration official said that the letter had discussed “the ways that we proceed toward a summit,” but that “no specific dates were discussed for either a Shultz-Shevardnadze or a Reagan-Gorbachev meeting.” “Gorbachev wants to see how the process matures,” he said.

The government newspaper Izvestia said today that two United States diplomats had been expelled in recent years as spies. Izvestia named the two men in a report on the previously announced expulsion in May of Erik Sites, an American military attaché. The paper identified the two others who were expelled as Richard Mueller, a former member of the United States consulate in Leningrad, who left in 1981, and Peter Bogatyr, a third secretary at the embassy here, who left in 1984. The newspaper made no mention of last week’s expulsion by the United States of Colonel Vladimir M. Izmailov, a Soviet air force attaché accused of spying. Colonel Izmailov left Washington today.

The Pentagon awarded $14.2 million in “Star Wars” contracts to British organizations, the largest to foreign groups since President Reagan ordered research on space-based missile defenses in 1983. Defense Secretary Caspar W. Weinberger and his British counterpart. George Younger, announced the awards in Washington. The larger of the two awards is a $9.9-million contract to the British Defense Ministry to study possible use of “Star Wars” technology against missiles in Europe. The second is a $4.3-million award to Culham Laboratories for work on the neutron particle beam, one of the weapons under study.

Poland’s deputy interior minister accused the United States and other North Atlantic Treaty Organization countries of training Polish dissidents for terrorist attacks against government targets at home and abroad. Wladyslaw Pozoga charged that “selection and training centers for Poles have been created in several NATO countries.” He singled out West Germany but did not identify any other European country. Pozoga also told the newspaper Rzeczpos polita that Washington is to blame for Poland’s economic troubles. However, government spokesman Jerzy Urban contradicted Pozoga, saying at a news conference, “Nobody thinks nor preaches that the United States was responsible for the things that took place in Poland.”

Study abroad, increasingly an important part of the American college experience, appears to be suffering at the hands of international terrorism. “Our students are thinking about terrorism, and their parents are thinking about it, too,” said Elizabeth R. Hayford, one official involved in foreign study who cites significant declines in enrollment, at least this summer. At Colgate University, which sends 350 students overseas every year, Charles H. Trout, the provost, said, “Basically, people are afraid that if you have too many American students in too large a group they will attract attention and will be vulnerable.” Officials of programs of study abroad say they first noticed a decline in enrollment in March after Libya threatened retaliation for a United States attack on its patrol boats, and they say participation in summer programs has also dropped.

Lebanese soldiers were deployed today around Palestinian neighborhoods on the southern margins of Beirut in an attempt to end five weeks of clashes between Palestinians and Shiites. A force of about 100 men established buffer positions near the Burj al Brajneh and Shatila neighborhoods under the supervision of 35 Syrian military observers. Lebanese policemen are already stationed at Sabra, which is an extension of Shatila. The deployment is regarded here as the most serious effort to stem the violence in which 130 people have been reported killed and 700 wounded. Several cease-fires have failed.

Damage caused by demonstrators who burned a tantalum plant and destroyed other property in Thailand’s Phuket province was estimated by Thai officials at nearly $100 million. At least 41 people were arrested, and Thailand declared a state of emergency to last seven days. The protesters charged that the $76-million plant would have polluted the environment and cut tourism in the island province 400 miles south of Bangkok. It was to have produced tantalum for use in computer parts, jet engines, spacecraft and nuclear reactors.

Vietnam, apparently in an attempt to regain control of its economy before a Communist Party congress, has dismissed or reassigned eight ministers. Among those removed was Deputy Prime Minister To Huu, a Politburo member and the country’s poet laureate, who had often been mentioned as a potential Prime Minister. Also dismissed were the Ministers of Finance, Communications and Transportation, Foreign Trade, Domestic Trade, Food Industries, Mines and Coal, and Culture. The head of the state bank was also removed. Left in place were economic planners who have been trying to introduce incentive systems in agriculture and industry to channel energies away from activities considered illegal.

Secretary of State George P. Shultz signed an agreement today to turn over $200 million to the Philippines to help it deal with its severe financial problems. The agreement was signed for the Philippines by Salvador H. Laurel, who is Vice President and Foreign Minister. Mr. Laurel, who has often been critical of the size of American aid, praised the United States for accelerating the transfer of the $200 million and said it showed “our close relations and how close friends come to each other’s assistance in times of need.” The signing was regarded by the United States as a significant demonstration of its support for the Government of President Corazon C. Aquino, who took over four months ago. After the ceremony at the Foreign Ministry, Mr. Shultz said: “I’m here to sign this agreement, but also to say how firmly we support the new Government of Mrs. Aquino in the things you are doing to revitalize the political, economic and security processes.”

A French citizen has been charged in Montreal with illegally shipping Western technology to the Soviet Union. The Frenchman, Joseph Lousky, a 38-year-old engineer, was charged last week with five counts of exporting computer equipment without appropriate Canadian Government permits from October to April. He was later released on $75,000 bail. A spokesman for the Royal Canadian Mounted Police in Ottawa said the charges involved the export of unspecified high-technology equipment to an unfriendly nation. Mr. Lousky faces penalties of five years’ imprisonment and $25,000 on each count. Mr. Lousky said the shipments represented legitimate business dealings, a police spokesman said. Although the computer equipment came from the United States, an official in the United States Embassy in Ottawa said the case had been investigated entirely by Canadian law enforcement agencies.

Barely halfway through his term in office, President Miguel de la Madrid has become the target of growing disenchantment with the political system that has long dominated Mexico. In a country accustomed to strong government, the 51-year-old President has been widely criticized for failing to provide decisive political leadership in times of crisis. And in a country where the President is traditionally revered as the personification of the nation, Mr. de la Madrid was heckled in the crowded Aztec Stadium when he inaugurated the world soccer championship there May 31. “His words were completely drowned out by boos and whistles,” recalled a middle-ranking official who attended the opening ceremony. “I was dying with embarrassment, but it seemed to be the right metaphor for the mood of the country.”

President Salvador Jorge Blanco of the Dominican Republic dismissed a military commander after five people were killed by troops who opened fire on demonstrators, a presidential spokesman said. Municipal workers organized the demonstration Monday to protest the May 16 general elections, in which the candidate of the opposition Social Christian Reformist Party was elected mayor of Santo Domingo. The dismissed commander, General Marino Polanco, said soldiers opened fire after the demonstrators threw rocks and bottles and gunshots were heard.

President Reagan participates in a meeting to discuss the necessity of U.S. assistance to the freedom fighters in Nicaragua.

President Reagan makes an address to the Nation on aide to the Nicaraguan Democratic Resistance. A “Soviet military beachhead” is a possibility in Nicaragua, according to President Reagan. He warned that if the House failed to approve $100 million in aid for the Nicaraguan rebels, prospects for democracy throughout Central America would be dashed.

Despite charges of criminal activity and opposition calls for his resignation, Panama’s army commander appears to be fighting with considerable determination to remain as the country’s pre-eminent leader. The pro-government press and senior government officials have denounced critics of the army commander, General Manuel Antonio Noriega, as traitors. Trade union officials have come forward to swear unswerving loyalty to the general, who says he is the victim of a campaign to destabilize the country. The appeal to nationalist sentiment appears to be having the desired effect. When the Christian Democratic and Authentic Panamanian parties, two opposition groups, held a street rally last week, fewer than 400 people showed up.

Paraguayan police beat exiled opposition leader Domingo Laino and former U.S. Ambassador Robert E. White as they arrived in Asuncion, the capital, witnesses said. White, who served as ambassador to Paraguay in 1977-79, flew with Laino from Montevideo, Uruguay, as the exile tried to defy a ban against his return imposed by the military government of President Alfredo Stroessner. “This is an open violation of human rights,” White said of the attack. Laino, who has been living in exile in Argentina, was forced to stay on the plane and returned to Montevideo. White said he will meet with Paraguayan political leaders.

President Jose Sarney of Brazil signed decrees expropriating 600,000 acres of farmland for distribution to peasant families. The expropriations, the first of Sarney’s administration, are part of an agrarian reform program announced in May. The announcement was made after hired gunmen killed Father Josimo Moraes Tavares, the third Roman Catholic priest to be slain in the last year for supporting peasant movements.

A senior British Government official met in London yesterday with Oliver Tambo, the acting president of the African National Congress, the most prominent of the groups seeking the overthrow of the South African Government. Mr. Tambo’s meeting with Lynda Chalker, a Minister of State at the Foreign Office, was seen as a turning point in British Government policy toward the group, which is outlawed in South Africa. The Thatcher Government previously had refused to meet with African National Congress leaders unless the group renounced violence. “This meeting may lead to further high-level talks,” a Foreign Office spokesman said, adding: “It is the first time we have had such a meeting with Mr. Tambo. It is significant and we are glad he accepted the invitation to meet Mrs. Chalker.” The substance of the discussion was not disclosed.

Pretoria’s detention of union leaders under the emergency decree is being challenged by unionists in hiding, according to Jay Naidoo, the fugitive Secretary General of the powerful Congress of South African Trade Unions. He said the activism of union officials in hiding proved it has become “impossible to kill off the union movement in South Africa.” The fugitive signaled his presence with a single beep of the horn from an automobile parked in the dimly lit street, and waited for assurance that the house was safe. Then the owner of the house told him the place was secure, and he came in from the cold of a southern African winter’s night to talk. To a waiting reporter, the man’s appearance seemed to have changed radically since a previous meeting, as had his style of dress. The fiery labor leader — in disguise and in hiding from detention under South Africa’s newest emergency decree -could have passed for a college student or a clerk. But the message he bore was grave.

Two bombs exploded in a crowded fast-food outlet and outside a hotel in Johannesburg today, wounding 17 people. Officials at a hospital where some of the wounded were treated said 16 of the victims were whites. A third explosion was reported early today in Soweto’s Jabulani Stadium, where Chief Mangosuthu Gatsha Buthelezi, leader of the Zulu Inkatha movement, is to address a rally on the weekend. No injuries were reported.


The Senate passed the tax revision bill today with an overwhelming bipartisan vote, setting the stage for a conference with the House of Representatives. The measure, by lowering tax rates substantially and restricting many deductions, shelters and other tax preferences, would affect the income taxes paid by nearly every person and company in the nation. Its passage, by a vote of 97 to 3, was a critical juncture in the road toward enactment of the most thorough overhaul of the tax law since World War II. The House passed a tax bill last December that is similar to the Senate version in principle but is different in many important respects. The conference committee that will resolve the differences between the two measures is expected to convene about the middle of next month when Congress returns from a two-week recess. Lawmakers believe, nearly unanimously, that a conference agreement will be reached and a bill sent to the White House for President Reagan’s signature by autumn at the latest. Mr. Reagan, who started the drive for tax legislation 13 months ago by submitting legislation he called “the Second American Revolution,” issued a statement today saying: “The score is taxpayers 1, special interests 0. The Cinderella team came out on top. As it was said once of another underdog: You gotta believe.” Treasury Secretary James A. Baker 3d watched the vote from the Senate gallery and said that, while he knew changes would be made in conference, he would be happy if the Senate measure became law.

The House Armed Services Committee voted today to sharply limit the deployment of MX missiles until major development begins for a smaller mobile missile, Congressional officials said. The measure, adopted in a closed session on a voice vote, puts pressure on the Pentagon to back development of the a smaller, single-warhead missile, dubbed Midgetman. Senior Defense Department civilians have argued that a larger version of the mobile missile would be more economical, while some moderate members of Congress have backed a single-warhead, 37,000-pound version. The Air Force has stressed the virtues of the smaller version of the missile in Congressional testimony, although some Air Force officials are not enthusiastic about the program.

The Speaker of the House, Thomas P. O’Neill Jr., charged today that the White House had tried to embarrass him by requesting that President Reagan be allowed to address the House of Representatives on aid to the Nicaraguan rebels. Mr. O’Neill said Donald T. Regan, the White House chief of staff, had known that the Speaker would reject such an appearance, which Mr. O’Neill described as “unorthodox.” The Speaker, in rejecting the request on Monday, said Mr. Reagan was welcome to address a joint session of Congress. Instead, the President spoke today from the White House.

Four conservative Republican senators have hired a former Defense Department aide fired by the Reagan Administration for allegedly disclosing classified information to the media. Michael E. Pillsbury, dismissed in April as assistant undersecretary of defense for policy planning, said he has been hired to work on foreign policy and trade issues by Senators Gordon J. Humphrey of New Hampshire, Chic Hecht of Nevada, Jesse Helms of North Carolina, and Orrin G. Hatch of Utah.

People with medical problems and parents of newborn, newly adopted or sick children would be entitled to extended unpaid leave from their jobs under a bill approved by the House Education and Labor Committee. The measure would permit 18 weeks of parental leave within a 24-month period to any full-time or permanent part-time employee who had worked at least three months at a business employing 15 or more people. Medical leave would be granted for a maximum of 26 weeks in a 12-month period.

The Environmental Protection Agency said it found leaks in about 35% of the underground gasoline and diesel fuel tanks tested in a two-year study, raising new fears that the nation’s drinking water is in jeopardy. “We don’t think 35% of all tanks are leaking under actual operating conditions,” said spokesman Ron Brand, explaining that the tanks were subjected to unusual pressure. “But we do think this is a significant problem, there’s no question about that,” he said at a news conference.

A federal appeals court upheld a lower court ruling barring Adlai E. Stevenson III from running for governor of Illinois as an independent, and he promptly appealed to county Democratic chairmen to help his third-party bid. Stevenson, who is trying to oust three-term Republican Governor James R. Thompson, faces an Aug. 4 deadline. to collect 25,000 petition signatures needed to put his Solidarity Party ticket on the November ballot.

Cocaine killed Len Bias, the basketball star, according to the Maryland Medical Examiner. The examiner, Dr. John Smialek, said that intoxication from cocaine caused Mr. Bias’s heart to beat irregularly, resulting in sudden seizures and cardiac arrest. He said he did not believe that the University of Maryland player had ingested much cocaine.

A House subcommittee today unanimously recommended that Federal District Judge Harry E. Claiborne be impeached. Members expressed outrage that the judge, jailed on a conviction for tax-evasion, continued to collect his $78,700 salary. The Judiciary Subcommittee on the Courts approved an impeachment resolution by a vote of 15 to 0 and approved four separate articles of impeachment, similar to the counts of an indictment.

A human immune system severely damaged by AIDS has been restored to apparently normal health for the first time, according to American researchers. They expressed caution about the results, but described them as a crucial early step toward an eventual development of a treatment for the deadly disease. [Ed: Like most early advances in AIDS research, it would turn out to not be that simple. It would be years before effective drug regimens to keep the HIV virus undetectable and limit its effects on the immune system become available. And a cure is still nowhere in sight. And people continue to die.]

Three hostages were killed and two were wounded in a 13-hour standoff at a jewelry shop on Rodeo Drive in Beverly Hills, California. A daylong hostage standoff at a fashionable Rodeo Drive jewelers’ ended in gunfire and grenade blasts late Monday night, with three store employees slain. The man who held five hostages at gunpoint after trying to rob the Van Cleef & Arpels shop was captured shortly before midnight as he fled the store shielded by three of the hostages tied together and covered by a blanket. One hostage was killed, apparently by a police bullet, as concussion grenades subdued the gunman, Steven Livaditis of Las Vegas, Nevada. Two others were found dead on the floor of the shop, slain earlier. The two other hostages used as a shield in the escape attempt were hospitalized.

A Michigan judge ruled today that highway checkpoints for sobriety are an unconstitutional, ineffective and unproved method of cracking down on drunken driving and barred Michigan state police from continuing the program. Circuit Judge Michael R. Stacey issued a permanent injunction against the checkpoints, saying they violated Fourth Amendment guarantees against unlawful search and seizure. The program “goes beyond the traditionally recognized reasons for stopping motorists in their cars,” Judge Stacey said in a 58-page opinion. “The implications of such a procedure being approved are grave indeed.” Under the program, the police took up positions along roads, usually late at night, and flagged down motorists, asking them to pull over for a brief check to make sure they were sober. If drivers turned around rather than stop, they were not pursued.

Cyanide was found in a bottle of Anacin-3 capsules during a random check of over-the-counter medications, Seattle officials said, warning consumers not to take any nonprescription medicine in capsule form. The tainted medication was taken from a store in suburban Auburn, police said. Containers of cyanide-tainted Extra-Strength Excedrin capsules were linked to two deaths earlier this month, but this is the first time the poison has been found in a capsule other than the Excedrin product in this latest cyanide-poisoning case. Meanwhile, the FBI confirmed the presence of cyanide in two bottles of Extra-Strength Excedrin taken to Washington for testing last week.

Tropical Storm Bonnie thrashed the Gulf of Mexico with 55-mph winds and forecasters warned residents of the northwest coast to remain alert because the storm could strengthen rapidly. Hurricane forecaster Gil Clark said in Miami that the storm, which has gusts of 63 mph, has the potential to “grow pretty rapidly” before hitting land. At the latest report, it was centered about 225 miles south of New Orleans.

Kiwanis International members turned down a board recommendation to allow female members in the worldwide service club, marking the 11th time in as many years that such a proposal has been rejected. But the vote at the annual convention in Houston was the closest ever on the issue. Last year, 77% of the voters were against the proposal, but this year, the ‘No’ vote was 53%. A two-thirds majority is required for women to be admitted under an amendment to the Kiwanis constitution, which would have applied to chapters in the United States.


Major League Baseball:

Ron Hassey likely will not let his chronically bad left knee force him to miss another game against Boston. More to the point, the Yankees may not let him miss another one. Hassey, who did not start two games against the Red Sox in New York last week because he had fluid drained from the knee, played tonight even though he said his knee was not in terrific shape. But his bat was, and it produced four hits, including a two-run home run that powered the Yankees to an 8–1 victory.

The Minnesota Twins defeated the Chicago White Sox, 2–1. The rookie Allan Anderson pitched a three-hitter for his first major-league victory. Mark Salas singled home the tying run in the seventh inning and scored the winning run on an infield out. Anderson, a 22-year-old left-hander who was called up from the minors earlier this month, walked three and struck out nine.

The Orioles edged the Tigers, 2–1. Tom O’Malley’s two-out single to left in the 10th inning scored Lee Lacy from second base for Baltimore. Lacy doubled off the right-center field fence after the losing reliever Bill Campbell (1–2) started the 10th by striking out the first two batters he faced. O’Malley ran the count to 3–1 before hitting a 3–2 pitch into left. Don Aase (3–3) recorded the final out of the ninth and pitched the 10th. The Orioles had only four hits in the game and Detroit managed only three.

The Astros downed the Reds, 8–4. Nolan Ryan came off the disabled list to record his first victory since April 25th, and Glenn Davis hit a two-run homer in a five-run fifth inning for Houston. Ryan (4–6), who had a strained ligament in his right elbow, worked five innings. He allowed two hits, walked five and struck out four. Mark Knudson worked three innings, and Frank DiPino pitched the ninth. The Astros rocked Tom Browning (5–7) for five unearned runs in the fifth. John Mizerock and Ryan drew one-out walks. Bill Doran forced Ryan at second. Doran stole second before Eric Davis misplayed Billy Hatcher’s fly ball in left to score Mizerock and Doran. Garner singled to center to score Hatcher, before Davis hit his 16th homer of the season.

The Oakland Athletics beat the Kansas City Royals, 8–4. Eric Plunk and Steve Ontiveros combined on a six-hitter that an enabled Oakland to snap a club-record 15-game losing streak on the road. Plunk (2–3) allowed three hits in five and two-third innings. The rookie right-hander walked six and struck out six as the A’s won on the road for the first time since May 23. Ontiveros earned his fifth save. Bret Saberhagen (4–8) gave up three runs in the third inning and two in the fourth.

The Los Angeles Dodgers beat the Atlanta Braves, 6–2. Franklin Stubbs hit two home runs and Len Matuszek also homered, backing Orel Hershiser’s three-hitter as Los Angeles broke a four-game losing streak. Hershiser, 7–5, struck out five and walked three in his fifth complete game of the season. He also had RBI single during a three-run eighth.

When it was done, the Mets were still leading the Montreal Expos by eight games, and they still had the best record in baseball. But somebody or something was gnawing at all that success. Maybe it was just the Expos on a roll, beating the Mets again last night, 6–2, before 40,092 wondering fans in Shea Stadium. They now have won two straight in the Mets’ park and four of five over the Mets in the last week. And that meant they had won two straight series from the Mets in Montreal and New York, whatever happens in the finale this afternoon.

The Philadelphia Phillies prevailed in ten innings over the Chicago Cubs, 7–6. John Russell led off the bottom of the 10th inning with a home run against the reliever Lee Smith. Russell, who had driven in two runs earlier in the game, hit a 2–2 pitch over the left-field fence for his fourth homer of the season. Steve Bedrosian (3–3) pitched the final one and two-third innings.

Jim Presley’s two-run double in the ninth inning lifted Seattle to an 8–7 win over the Cleveland Indians. Trailing 7–6 going into the bottom of the ninth, the Mariners’ John Moses drew a leadoff walk from reliever Ernie Camacho, 1–1. Phil Bradley, who earlier hit a three-run homer, also walked and Gorman Thomas sacrificed. Presley then sliced his double to right field just beyond the reach of rookie Cory Snyder.

Eric Show and two relief pitchers combined for a four-hit shutout of the Giants, who scored 18 runs a day earlier, and the San Diego Padres bounced back for a 3–0 victory Tuesday night in San Francisco. The Padres, who broke the Giants’ five-game winning streak, scored off rookie left-hander Terry Mulholland in the fourth inning. Tony Gwynn tripled off the center-field fence with one out and Kevin McReynolds singled to right on the next pitch. Mulholland, 0–3, allowed only one other baserunner, on a walk, in six innings. Show, 6–4, pitched two-hit ball for five innings. He left early, for a third straight start, because of soreness in his pitching elbow. Lance McCullers allowed two hits over two innings and Rich Gossage finished up, earning his 12th save.

The Pirates bowed to the Cardinals, 5–2. Vince Coleman stole two bases and scored two runs to spark St. Louis. Ray Burris (4–3) pitched six and one-third innings and allowed four hits to earn the victory. Pat Perry pitched two innings, and Ken Dayley replaced Todd Worrell and recorded the final out for his fourth save.

Rob Wilfong’s three-run double highlighted a six-run third inning tonight as the California Angels beat the Texas Rangers, 12–3, and tied for first place in the American League West. Ron Romanick (5–5) went seven innings for the Angels. He scattered eight hits, walked two and struck out one. Todd Fischer relieved Romanick and gave up a home run to the first batter he faced in the eighth, Larry Parrish. The Texas starter and loser Edwin Correa (5–5) retired the first seven batters he faced, but then surrendered seven hits and eight runs in three innings.

The Toronto Blue Jays blanked the Milwaukee Brewers, 8–0. Rookie John Cerutti pitched a six-hitter for his first major league shutout, and George Bell hit a two-run homer. Cerutti (2–1) snapped a streak of six appearances without a decision. He struck out four and walked two en route to his first complete game.

New York Yankees 8, Boston Red Sox 1

Minnesota Twins 2, Chicago White Sox 1

Baltimore Orioles 2, Detroit Tigers 1

Cincinnati Reds 4, Houston Astros 8

Oakland Athletics 8, Kansas City Royals 4

Atlanta Braves 2, Los Angeles Dodgers 6

Montreal Expos 6, New York Mets 2

Chicago Cubs 6, Philadelphia Phillies 7

Cleveland Indians 7, Seattle Mariners 8

San Diego Padres 3, San Francisco Giants 0

Pittsburgh Pirates 2, St. Louis Cardinals 5

California Angels 12, Texas Rangers 3

Milwaukee Brewers 0, Toronto Blue Jays 8


New signs of a weak economy again raised hopes of lower interest rates, and this sent stock prices to near-record levels on Wall Street yesterday before profit taking forced the market to settle for a more moderate gain. The Dow Jones industrial average, which has been rising and falling lately mainly because of its relationship with stock index futures, gained 11.29 points yesterday, to 1,875.55, as the more fundamental concern about interest rates took hold. The blue-chip index of 30 stocks rose above 1,885 late in the session, just short of the record 1,885.90 close set on June 6.

Dow Jones Industrial Average: 1875.55 (+11.29)


Born:

Phil Hughes, MLB pitcher (World Series champions-Yankees, 2009; MLB All Star, 2010; New York Yankees, Minnesota Twins, San Diego Padres), in Mission Viejo, California.

Brandon Underwood, NFL cornerback (NFL champions, Super Bowl 45-Packers, 2010; Green Bay Packers), in Cincinnati, Ohio.

Kaitlin Cullum, actress (Libby Kelly-Grace Under Fire), in Los Angeles, California.

Solange Knowles, American Grammy Award-winning R&B singer-songwriter (“Cranes In The Sky”‘; “I Decided”), and performance artist, in Houston, Texas.