1 55L1 BILUON in Red Ink No Record Jump, but Federal Deficit up 3.6 Percent
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iianrhpatfr Bfrali Saturday, Oct. 29, 1988 Manchester, Conn. — A City of Village Charm 30 Cents $1 55l1 BILUON in red ink No record jump, but federal deficit up 3.6 percent... page 2 995 '■aFe'-'-copJhg -A. ■ • -•sfc ” 995 ^vytlj^tate law ,.:i( '^inf^^lci|^6lencfe /5 ....... 595 2^ f- - - ;■ ;r-^- 7::.' ’ ''hii:---- 495 vendor of 595 995 195 195 ''3» -.if' - ' : * j; Oc^ber 1988^ AP photo J po^rlze-wlpne^ Taking a tumble 995 t)Ut few ccimplain ^ Five-year-old Jeremy Kudela executes a back roll off the top of a 300-pound jack-o’-lantern in Lorain, Ohio. 995 495 495 ‘O bsolete’ Weather 19i38 federai budget deficit East to meet m issiles West in new REGIONAL WEATHER rises 3.6% to $155.1 biiiion Accu-Weather* forecast for Saturday Daytime Conditions and High Temperatures By Dave Skidmore a threat The Associated Press U.S. Budget Deficit Main St. shop WASHINGTON (AP) - Secre T WASHINGTON - The federal Bv Nancy Concelman 1,200 By fiscal year, billions ol dollars tary of State George P. Shultz budget deficit, after dramatically Manchester Herald Improving last year, grew in said Friday night the spread of fiscal 1988 to $155.1 billion, the missile technology with “ enor The owner of East West Imports of 111 Center St. mous destructive potential” and Reagan administration reported 1,000 is moving the business to the 757 Main St. store the use of chemical weapons have Friday. formerly occupied by Mari-Mad’s Youth Specialty increased the danger of devasta The administration’s final ac Shop, which closed this year. counting for the budget year that tion in the Third World. Ashok Kumar of Manchester, who owns East ended Sept. 30 showed that the 800 $909.0 Shultz called the increasing imbalance between revenues and availability of these weapons a .West, said he and his brother. Ram. also plan to spending rose $5.4 billion, or 3.6 discouraging setback because it open a travel agency in the current East West store percent, from the previous year’s comes at a time when offensive on Center Street. Atumoc $149.7 billion deficit. nuclear weapons are being re O o M n 1988 DEFICIT: Kumar and his brother will rent the Main Street But Treasury Secretary Nicho 600 duced and there is less danger of $599.3 store from Madeline Matheny, former owner of las F. Brady, in a joint statement RECEIPTS new countries being added to the with the White House Office of $155.1 nuclear club. Mari-Mad’s. Matheny closed Mari-Mads after 33 01960 Aocu-WMirtor Inc Management and Budget, said billion years in business because she said she couldn’t find 400 His remarks were prepared for employees and was working between 50 to 70 hours a “ the underlying trend in the delivery in a speech to the deficit... remains downward.” week. Manchester and vicinity: Saturday, mostly Commonwealth Club of Califor The 1988 budget gap was still nia in San Francisco. The text of Kumar currently runs East West Imports with his sunny and cooler. High near 50 with west winds at well below the all-time record of , $78.9 the speech was released by the brother and one other employee. He said he plans to 10 to 15 mph. Saturday night, clear and cold. Low $221.1 billion set in the 1986 fiscal State Department. hire two more part-time employees for the new year. 25 to 30. Sunday, partly sunny. High 45 to 50. Shultz said that both belliger store. Brady said special factors such ents in the Iran-Iraq war used West coastal, east coastal: Saturday, mostly as the phase-in of the new tax law The move from the current 850-square-foot East Soviet SCUD missiles and that sunny and cooler. High 50 to 55. Wind west 10 to 20 in 1987, the sale of the federally West store to the 2,200-square-foot space will allow 1981 82 83 84 85 86 87 88 Saudi Arabia is acquiring Chi owned Conrail freight railroad Kumar to. add more clothing lines to his current mph. Saturay night, clear and cold. Low 30 to 35. nese CSS-2 missiles with a poten and a one-day shift of military stock and “ a lot more gifts and jewelry.” Sunday, partly sunny. High around 50. AP graphic tial range exceeding 1,500 miles. pay from 1987 into 1988 either “ These missiles, which may be Kumar said he’ll add fall lines to his stock of prom Northwest hills: Saturday, mostly sunny and shrank the 1987 deficit or inflated The board, in a spate of activity President Reagan and congres thought of as ‘obsolete’ by the clothing and a line for clothing for working women. cooler. High in the mid 40s. Wind west 10 to 15 the 1988 gap. from mid-August through the end sional leaders last winter struck a superpowers, are nothing of the He also plans to expand his bridal business and his Excluding the one-time factors, of September, rescued more than mph. Saturday night, clear and cold. Low 20 to 25. budget pact after the crash that sort when it comes to regional line of authentic Indian clothing and jewelry. the deficit would have fallen by 60 savings and loans. However, Outlook for Sunday, partly sunny. High 40 to 45. has held the deficit almost to the conflicts,” Shultz said. “ We are getting into bridal heavily.” he said. $31.1 billion between 1987 and much of the spending doesn’t 1987 level. But economists say “ And beyond the arms market, Kumar, a native of India, came to America in 1988, he said. show up on the budget imme AP photo there won’t be additional shrin more and more nations will be Red ink for the year exceeded diately and analysts say assist 1975. He lived in Hartford for several years and kage without painful spending able to build their own ballistics ON THE PAD — The Soviet space shuttle Buran sits atop both the initial administration ance to the ailing S&L industry moved to Manchester about seven years ago. He cuts or a tax increase. missiles. Weaponry of enormous projection of $146.7 billion issued could contribute $15 billion a year its Energiya booster on the launch pad at Baikonur in opened East West Imports on Broad Street in 1978. Lottery Analysts also expect the Fed destructive potential can reach in February and the updated to the deficit over the next three Soviet Central Asia Friday. The Soviets say their first His brother Ram came from India in December. eral Reserve Board to fight the hands of parties with little estimate of $152.3 billion released years. Ashok Kumar said Ram.worked as a travel agent inflation by nudging up interest regard for traditional inhibiting unmanned shuttle is safer, more flexible and more ' Connecticut daily Friday: 479. Play Four: 0661. in July. It hit the Congressional There have now been deficits in for about 25 years in Bombay and has visited 77 rates to slow the economy. Higher controls.” powerful than the U.S. craft it resembles. Connecticut “ Lotto” Friday: 1, t, 18, ZO, Z8, 3Z. Budget Office projection of $155 27 of the past 28 years, running up interest rates will add to the countries. The new travel agency, to be called “ East billion nearly exactly. He said another new danger is a total accumulated national debt escalating cost of financing the West Travel and Tours,” will specialize in trips to However, the deficit was well the reappearance of chemical of $2.61 trillion. The last year the accumulated national debt, while Europe and to India, Kumar said. below initial projections of pri United States had a budget warfare — “ perhaps the most Soviets claim shuttle Almost all of the Indian items in the current store slower growth will cut into tax odious and despicable develop vate economists who feared last surplus was 1969, when govern revenue. are imported from India, he said. Most shoppers Index year that the October stock ment revenues exceeded spend ment of our day.” come to the store looking for these “ unique and market crash would slow eco A bipartisan commission on the ing by $3.2 billion. Only a handful of the hundreds different” clothing items and accessories, Kumar nomic growth, cutting into tax deficit has been meeting since is bigger and better Business___ Local news. _3-6 The administration is predict of conflicts since World War II said. collections and producing a de summer and after the Nov. 8 Churches__ Opinion. ing it will whittle down the budget had witnessed the use of chemical But the new store will offer more, including ficit as high as $185 billion. election will offer the new presi Classified__ .35-41 Senior Citizens. deficit for the current fiscal year weapons but “ now the scourge is MOSCOW (AP) — Technicians on a paved runway 12 kilometers Chinese furniture that Kumar said he’ll order The administration said its dent its recommendations. Comics____ .23-25 Science______ to $145.5 billion, but most private spreading,” he said. worked around the clock Friday (eight miles) from the launch directly from China. Connecticut. __ ^7-9 Sports . .41-46 mid-summer projection was off analysts expect less progress. However, Republican nominee on a floodlit launch pad, prepar complex,” Tass said. No landing The new store is scheduled to open Nov. 15. in time Focus_____ . 17-32 U.S./World. 10-11 because it underestimated spend The flood of government red ink George Bush has promised to Shultz did not single out any ing for the brief unmanned flight time was given.