Inflation Is Worst Since
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A If i tr66s for sWeet Syrup ... IHanrhpBlpr HrralJi 30 Cents Saturday, March 18, 1989 Manchester, Conn. — A City of Village Charm INFLATION IS WORST SINCE WASHINGTON (AP) - Whole port, “Another clarion call to do sale prices surged 1.0 percent in something.’’ Negotiators from February, matching the January Capitol Hill and the White House will exchange proposals next increase and marking the worst week on bringing down the back-to-back news on inflation in nearly eight years, the govern deficit. ment said Friday. Bush’s remarks amount to a The identical increases in the shift in his rhetoric. Previously, Labor Department’s Producer the president has said he is not Price Index mean that prices one overly concerned with inflation stop short of the retail level have and interpreted economic reports risen at an annual rate of 12.6 less negatively than the Federal percent so far this year. Reserve. Not since March and April of 1981 have prices risen so sharply Many economists had dis for two months in a row.' Whole missed the January inflation sale prices rose 4.0 percent last news, including a 0.6 percent rise year. in the Consumer Price Index, the largest in two years, as at least a Stock and bond prices tumbled after Friday’s report. The Dow partial aberration and had pre Jones average of 30 industrial dicted only a moderate 0.4 percent climb in wholesale prices stocks plunged 50 points in the first half hour of trading and in February. never recovered, closing at 2,292. With the latest report, “it’s difficult to put a happy face on it, ’ ’ The evidence of resurgent infla tion renewed traders’ fears that said Undersecretary of Com merce Robert Ortner. “There’s the Federal Reserve Board will no other interpretation that can push interest rates higher. That would increase the go be put on it other than it shows a vernment’s cost of financing the pickup in inflation.’’ $2.7 trillion national debt, which Prices in both January and would be bad news for President February were pushed up by Bush, who is trying to trim the soaring energy and food prices, but the cost of other items, which budget deficit without raising taxes. are generally more stable, in creased at a worrisome rate in Bush, speaking to reporters as he returned to Washington from February as well. Wholesale food prices rose 1.2 Colorado, said his administration AP photo would "always be vigilant percent last month, the steepest against inflation (and) never increase in 13 months. They had WRAP-AROUND — Alphonzo Brinkley, a fourth-grade student at relax our concern.’’ risen 1.1 percent in January. He said the best way to beat Meat and most other food Items the Annee Beers Elementary School in Washington, seems inflation would be an agreement rose, while eggs dropped 15 scared as Jim Fowler, host of “Mutual of Omaha’s Wild Kingdom," with Congress to reduce the percent after rising 20.1 percent in January. wraps a six-foot snake around his neck. 1 deficit and called Friday’s re A II Irish h'dri'Or... REGIONALWEAThER Cheney conflimii!i; Accu-Weather"^ forecast for Saturday Daytime Corrditions arKl High Temperatures patron saint SH OW . command as Pentagon chief ICartbou By William Patrick Gillen By Donna Cassata prepared to vote for Congress The Associated Press The Associated Press man Cheney, but I do think this SH O W ER S ] timetable ought not set a The first woman grand marshal walked “ on air” R .U R M E S WASHINGTON — Dick Cheney precedent.” ahead of 150,000 marchers striding up New York’s 154 / K Si was swiftly sworn in as defense Sen. John Warner of Virginia, Fifth Avenue on a warm, sunny Friday for the 228th secretary Friday after saiiing top Republican on the Senate parade in honor of Ireland’s patron saint. without dissent through the Se Armed Services Committee, de Elsewhere, the Chicago River ran green, as did r VcMit nate, which only a week earlier nied Cheney was put on a fast fountains in Savannah, Ga. ^ had rejected President Bush’s track, noting that because Che Sponsors of the New York parade, the nation s Atlantic first choice for the job. ney was a congressman, his largest and oldest St. Patrick’s Day march, Ocean Cheney, winning Senate confir financial records were already on estimated that nearly 2 million people gathered mation by 92-0 and resigning as file. In addition, Warner said, the along the route. Temperatures were in the 60s, and Wyoming’s lone representative in _^T-STO«*4SJ FBI expedited its background the marchers and spectators equally mellow. ,0196 9 AccU'WaitftMC. Inc the House, became the nation’s check. An estimated 400,000 people lined the downtown 17th Pentagon chief, taking the Sen. Sam Nunn, D-Ga., the Chicago parade route in a light rain that began oath of office at an informal committee chairman, later re ^ fc * shortly after the march began. Forty thousand ceremony that completed the sponded more pointedly, saying; marchers and more than 200 floats and marching Weather formation of Bush’s Cabinet. “ I gather what he (Specter) units moved down Dearborn Street. Former Sen. John Tower of wanted us to do was to wait for the “ It’s big, and it’s green, and it’s Irish and it’s Texas, Bush’s first nominee for rumor and innuendo to come in.” sloppy, messy, wet, beer-sudsy, said Kirsten Manchester and vicinity: Mostly cloudy today secretary of defense, was re Nunn led the fight to kill the i’J' Svare, spokeswoman for the city’s Department of with an 80 percent chance of showers. High 50 to 55. jected by the Senate, 53-47, on Tower nomination and came Streets and Sanitation. “ And it’s fun.” Wind becoming southwest 10 mph to 20 mph. March 9. under harsh criticism for his •'H In Savannah, reporters estimated 250,000 people Tonight, a 60 percent chance of showers. Low in the “ I am proud to have the handling of the proceedings. The watched 300 units participating in the nation’s mid-30s. Sunday, becoming partly sunny, windy, opportunity to serve the president Georgia Democrat used his time second-largest St. Patrick’s celebration. The city’s of the United States and the turning colder. High around 40. on the Senate floor to defend the 165th parade also • honors Irish immigrants who nation as secretary of defense,” Coastal; Mostly cloudy today with a 60 percent DICK CHENEY committee’s process. entered the United States through the East Coast Cheney said after being sworn chance of showers. High 50 to 55. Wind becoming Word of praise for a friend and port. , into office. sworn in swiftly Reginald Plnto/Manehaatar Herald southwest 10 mph to 20 mph. Tonight, a 60 percent colleague were then left to Hundreds of thousands of Irish-Amencans also “ But at the same time, I will Wyoming’s two Republican chance of showers. Low 35 to 40. Sunday, becoming The Tylers celebrate St. Patrick’s Day marched Friday in Kansas City and Atlanta. miss the House. And more than remained. senators. CELEBRATION — Herb and Dot Tyler In Albuquerque, N.M., the auxiliary of the partly sunny, breezy, turning colder. High around each year as a way to "break up the anything, I regret that I must step Sen. Arlen Specter, R-Pa., “ I trust Dick Cheney, I trust of 16 Pilgrim Lane celebrate St. Patrick Brothers of the Good Shepherd prepared for an 40. winter blahs,” Herb Tyler said. down after representing the state complained that the Senate had how he behaves in life, I trust his Day at Steve K’s at 829 Main St. Friday. annual St. Patrick’s fund-raising dinner for the Northwest hills: Mostly cloudy today with an 80 of Wyoming for 10 years,” he “ rushed to judgment” on Cheney intelligence, I trust his integrity, I homeless that’s also a birthday party for 89-year-old percent chance of showers. High around 50. Wind added. after the dispite over Tower and trust his friendship,” said Sen. Brother Mathias Barrett. The religious order becoming southwest 10 mph to 20 mph. Tonight, a 60 The action on Cheney capped a with a two-week recess looming. Malcolm Wallop of Wyoming.' established by the Irish-born Catholic brother feeds percent chance of rain or snow showers. Low in the nearly two-month Senate strug “ There’s hardly been a chance And Wyoming Sen. Alan Simp You didn’t have to be Irish 200 to 400 people a day and runs a men’s shelter in 30s. Sunday, becoming partly sunny, breezy and gle over filling the Pentagon job. for people to find out about son said he and Wallop felt a the city. cold. High near 40. The rancor surrounding the Congressman Cheney’s nomina mixture of pride and sadness Los Angeles’ Irish won’t take to the streets until Tower nomination was largely tion in the press, media, to sit because their state’s congres Saturday, but then they’ll have a choice: the sixth absent as the Senate moved down and write a letter and have sional delegation was losing a to appreciate the celebration annual downtown St. Patrick’s Day Parade or the Lottery quickly this week on Cheney, it delivered,” Specter said. “ I man of “ distinction and honor fourth annual St. Patrick’s Day Parade in although some bitterness think we’re correct and I ’m and rare political savvy.” “ I might even go out tonight corned beef sandwich, cole slaw Hollywood.