Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Saturday, June 15, 1991

You are currently viewing page 7 of: European Stars and Stripes Saturday, June 15, 1991

     European Stars and Stripes (Newspaper) - June 15, 1991, Darmstadt, Hesse                                Saturday june 15, 1991 the stars and stripes a Page 7 in Washington apr consumer prices Rose a moderate 0.3 percent in May the government said Friday in a report dampening fears that inflation was threatening to get out of control. The Small increase in the labor department s consumer Price Index was attributed to moderation in food costs which helped offset the first increase in Energy prices in six months. In another report the government said increased use of air conditioners and a gain in Auto manufacturing upped production at factories mines and utilities by 0.5 percent in May. The Rise followed a revised 0.3 percent increase in april which broke a six month decline the longest period since the 1981-82 recession the Federal Reserve said.-. A a a a a. The government also reported that business sales rebounded and inventories dwindled in april. The 1.2 percent surge in sales to a seasonally adjusted $529.6 billion was the strongest since August the Commerce department said. Sales fell 0.9 percent in March. The Chi report served to alleviate concerns raised by the thursday s Sharp 0.6 percent jump in prices at wholesale level. A i analysts said the Chi report showed that the increase in wholesale prices was caused by statistical quirks and did not filter through to the consumer. Fridays reports were the latest Good economic news. Recent reports showed consumer spending on the Rise see related Story on Page 17 housing construction rebounding and steady declines in the number of new filings for unemployment compensation. A a Quot Many analysts believe the reports signal the end of the 11-month old recession. V but that is not a Universal View and even analysts who think the country a first downturn in eight years is Over believe that the ensuing recovery will be weak. Given the Good news on inflation the Bush administration is certain to pressure the Federal Reserve to Cut interest rates contending that such a move will not in crease Price pressures but will boost growth. However judging from recent Tommy its by Federal a Reserve. Chairman Alan Greenspan and other top fed officials the Central Bank is unlikely to heed that plea. Fed officials have stressed the danger of Over staying easy credit policies at turning Points in the Economy. The 0.3 percent increase in consumer prices in May followed an 0.2 percent april  the first five months of this year inflation at the consumer level Rose at an annual rate of 2.7�?~pereent, far below last year s 6.1 percent increase. Even we Ith demand rising during the upcoming recovery analysts Are forecasting that inflation pressure will moderate in part because of their View that growth in coming months will be decidedly sub Par w Hen compared to similar periods in other recoveries. The administration w worried about weak growth during next years presidential Campaign has been keeping up a steady drumbeat Lor the fed to Cut interest rates further. But in recent comments Greenspan indicated that he believed the chances have increased for a stronger than expected recovery. A the worlds largest Flag is unfurled Friday beneath the Washington Monument old glory unveiled in no Small fashion Washington a picture this an american Flag big enough to cover a football Field and most of its bleachers. A Flag so big you could wrap two space shuttles in it or Harvest 250 bushels of Corn from under it so big that its stripes Are 16 feet Broad and its stars 13 feet Bright. The a great american Flag was unfurled Friday on the Washington Monument grounds As an Observance of Flag Day. It was Laid on the ground because engineers worry the Monument might tip Over if it were used As a pole for a Flag that size. A a a this is the biggest Flag in the world according to the guinness Book of records. Members of the Iron workers Union who be made it a project to Lay out the Flag every time its shown were there 100 Strong by dawns Early Light to pull and tug it into position. But the super Salesman who thought of the Flag fired up others about it and got it made in 1980, Wasny to there to see it. A a in be really been pushed out of this thing a said Len Silverfine who runs a Public relations advertising firm the big idea co., in Northern Vermont. A a in be never received an invitation although i was called the other morning and told it was in the  Flag Day commemorates the adoption by the Continental Congress in 1777 of the stars and stripes As the United states Flag. Silverfine a Flag history goes Back to the Bicentennial in 1976 when he wanted a big Flag to Welcome the tall ships to new York Harbor. A when this Flag was conceived in the mid-�?T70s, the Best you can say is that the majority of the population was sort of indifferent Teeth Flag a he said a its Tough to be indifferent to a Flag that sell feet Long and 211 feet  the 1976 Flag was Hung from the verrazano Narrows Bridge in new York City. What so proudly they hailed at the Twilight a last gleaming was torn to shreds by the wind. Undeterred Silverfine began anew raised Money and got. Volunteers at Anchor industries in Evansville ind., to sew up another a great american Flag.�?�. He brought the Flag to Washington in 1980 for Flag Day and with the help of ironworkers and tourists got it unfolded by the Monument. It made a few More appearances after that and then was stored until fridays display. 90 census revisions criticized by officials Washington a the census Bureau is giving cities their first look at the Agency a idea of How Well it counted people last year. Some officials done to like what they see. A a that a hard to believe a exclaimed Barbara Kapan executive director of the Philadelphia planning commission when told that the Bureau thought it missed Only 20,000 people in the nations fifth largest City. A there were a lot of problems in  census Bureau said thursday its enumerators overlooked More than 5 million people during the 1990 census. Their count was least accurate in Large cities. The corrections raise the nations population to 254 million. If the corrections Are adopted states would have to redraw congressional and legislative boundaries based on the new totals rather than those announce Jast december. But the government Hasni to yet decided if it will accept the revisions or stick by the original census count of 248.7 million americans. Since the first census was taken in 1790, the government has chosen the original count Over any later revision. A. A a among the eight cities with More than 1 million people the count was least accurate in los Angeles where the correction would put the population 5.1 percent higher than last years count. That meant an under count of about 185,600 people. The count was most accurate in Phila Delphia off by Only 1.3 percent the then sus Bureau said. The revised National tally is 2.1 percent larger than the original count. The revision found the count was off by about 5 percent in Baltimore meaning about 36,000 people were missed Dallas 51,100 people and Houston 85,400. It was off around 4 percent in san Diego or about 45,400 people and san Jose calif., 32,700 people 3 percent in new York. 229,400 and Phoenix 30,600 and 2.6 percent in Chicago for about 73,200 people missed. A i think today shews is a mixed Blessing a said Jeffrey Wice counsel to new York Assembly speaker Mel Miller who represents Brooklyn a a it a Good news for redistricting within cities but not such Good news for Federal  in Cleveland where the census Bureau said it missed by 1.4 percent City planner Michael Andrzejewski said a we did no to get As much As we thought we  the revision would add in nearly 7,40 people. He estimated the count missed 30,000 people. Commerce Secretary Robert Mosbacher is under a Federal court order to decide by july 15 whether to use the original count or incorporate the proposed corrections. The numbers announced thursday were the end result of the Agency a efforts to determine How Good a Job it did in counting americans last year. Flea Market declaration purchased for $2.42 million new York up a first printing of the declaration of Independence a found inside a torn landscape painting bought for $4 at a Flea Market a was sold at auction for $2.42 million More than twice the pre Sale estimate of its value. The 215-year-old document in almost perfect condition was bought thursday at soothe by a gallery by Donald Scheer of Atlanta head of visual equities inc., which has an Art collection but no americana. Tie indicated the Purchase would be exhibited at some time in the future. Asked Why he bought the declaration printing one of 24 known to exist he replied a these words Are living words As alive today As they were when they were penned by Thomas Jefferson. These Are the words that knocked Down the Berlin Wall and freed the  1 the document printed the same Day the declaration was signed on july 4, 1776, was consigned to soothe by a by a Philadelphia investment specialist who found it folded behind a painting of a country scene he bought for $4.at a Flea Market last summer. Lie said he bought the painting because he liked the Frame but later threw both painting and Frame away keeping the document. It the auction House earlier this year confirmed the printed Broadsheet As authentic and one of the three finest known As Crisp As it was on the evening it was printed by John Dunlap to carry the news of americans Independence to the people of the. 13 colonies. Soothe by a put an estimate of $800,000 to $ 1.2 million on the lot. In january 1990, soothe by a sold another copy for about $1.6 million. All but two of the previously recorded copies of the declaration Are now held by institutions  
Browse Articles by Decade:
  • Decade