Show Page 2 — The Herald Journal Logan Utah Wednesday 'April 4 2001 H '1 Colorado Chicago students score well Through rain sleet but riot on a WASHINGTON (APL — A Postal Service battered by slowing business and billions in projected losses might Saturday mail delivery and close or consolidate some elim-ina- te post offices and facilities Congress "The Postal to Service wants know what can’t continue to run this way without serious harm to the afford-since- a especially rate mail increase went able into effect in service the American January "We need people to know what happened here" Rep Dan Burton statement R-I- said in a noting that the Postal Service was projecting big gains entering the holiday season last year "The Postal Service can't continue to run this way with- out serious harm to the afford- able mail service the American people deserve" he said Postmaster General William Henderson was among those called to testify at Wednesday's hearing before Burton's House Government Reform Committee The Postal Service receives no taxpayer money for its operations but remains a government agency and operates under laws set by Congress After five years in the black the post office had a $199 mil- lion loss last fiscal year 'Among the problems cited by the Postal Service are wage rate increases larger than the rale of inflation rising fuel posts greater competition and increasing use of electronic alternatives like the Internet There also has been a drop in mail volume because of the poor economy further reduc- ing anticipate income Tuesday the Postal Service announced f study of options to dig out of its hole such as cutting back'to a five-da- y schedule that would eliminate mail delivery on Saturdays The agency also will examine how much money can be saved by consolidating and closing' postal plants and offices ’ WASHINGTON (AP) in suburban and Colorado Chicago Springs Colo scored among the best in the world in’ a test of math and science knowledge On the whole though students in the United States scored just above average lagging behind 16 other countries Results of the tests were to be released today’ All 50 states ' did not participate so broad comparisons between them cannot be made Also the United States’ results are only representative of the participating states and not students throughout the country This is the first time states and school districts have been AP photo their stuallowed nations in those other to dents New left to of of York Patrick Bums Pamela Johnson and Sarah Grygiel seated the right take a break' after the close trading on the floor were tests The given volunStock Exchange on Tuesday The Dow closed down 29222 off 3 percent at 948571 19 percent from its closing high of 1172298 in in 38 1999 countries tarily reached irt January 2000 13 states and 14 school districts or groups School District No 203 in A Are stocks worth less? Bear market says so NEW YORK (AP) — As stock prices keep the same lashing from Wall Street that the shares got Yfct AmEx for example plunging there's a nagging question on Wail dot-co- m Street: Are companies really worth so much which traded at the $63 level six months ago less than they were a year ago? is now down to $38 aidrop of nearly 40 percent They are if the maiket says so “There is just no reason tobe a buyer” “I have a hard time believing that a compasaid Richard E Cripps chief market strategist ny that makes money should get annihilated for Legg Mason of Baltimore “Even though These are companies that are going to be stock prices' are low Investors don't feel they 'there in 25 years” said Bill Farmer a tax preare low enough” parer in Lexington Ky Farmer 39 said he It was one thing when Internet stocks long continues to invest in a variety of mutual on debt and short on profits began to crumfunds including those that focus on technoloble But no one expected the safe havens of gy and concentrate on blue chips like P&G the old economy — drugs consumer products Still plenty more investors are so downand banking — to fall so hard trodden they're not ready to bet that even What a difference a year has made on Wall today's cheap prices are cheap enough : Street with many stocks’ prices slashed in Simply put investors aren't buying when half or more and investors still not buying In the market indexes fall by triple digits as they fact this year the selloffs spread to the broaddid again Tuesday when' the Dow Jones er market as safer blue chips issued profit industrials dropped nearly 300 points and the warnings restructuring efforts and layoff Nasdaq composite index lost nearly 110 announcements of their own maldng the first “During the market’s Big run (last year) three months of 2001 one of Wall Street’s' one of (he formulis-tha- t worked well was worst quarters in decades ‘‘The negativism buying on the dips The market seemed to that is out there is so thick you can cut it with rally after selloffs” Ackerman 'said' a knife" said Alan Ackermdh executive vice "Right novy investors don’t feel compelled ' ' to put money baclr iq as a result of the marpresident of Fahnestock & Co tInvestors are deeply distressed by a seemhe said ket’s free-fal- l” ' With safer blue chips and the riskier tech ingly never-endinstring pf earnings warn-- 1 issues foundering “leadership is lacking and ings from big names like American Express on Monday and a litany of bad news like that anxieties are rising"' Ackerman said from Procter & Gamble which said' last Analysts say the market shouldn't hope too month it would cu 9600 job cuts hard for a rebound because it could be disapSome investors say the stalwarts of corpo- - pointed of at least in for a long wait They say rate America — which are still very prof- -' it's going to take a while to rebuild not just ' ' itahle despite their warnings — don't deserve stock prices but investors' confidence: of two children The Consumer Product Safety Commission had alleged that Cosco redesigned or relabeled five products after receiving reports of more than' 300 injuries but failed to notify the agency as required by law The Washington Post and USA Today reported today The' agency also claimed Cosco failed to inform it of 24 cases ip which infants were trapped in misassembled cribs before an child died of over' a two the V newspapers said asphyxiation The other death involved a toddler bed company spokeswoman Carol Dingledy said in an interview-Tuesdanightwith The Associated Press In both cases the products were misused ' ormisassembled she said Both products were recalled year-perio- d' V ' httpAvwwco8Coinccom ‘Air N&scisq composite raox turrowig Tuesday The a US-Chin- I dispute over a grounded US spy plane also added to the markers uneasy ' Jones industrial ayg Intraday trading for Tuesday Apr! 3 9800 Previous dose 9700 - t 948571 9600 9500 rager trial ends with acquittal NEWARK NJ (AP) — A man accused of breaking a ticket ''agent’s neck in a bout of air rage was acquitted of assault Tues- : day in a case that focused attention on rising tempers amaing the nation's airline passengers John C Davis 3 1 claimed he arid only acted in after the agent shoved his wife as she tried to retrieve their 1 daughter who had wandered up a passageway leading to a plane' He faced up to lOyearsin prison "I’m just glad it’s over" ' Davis said “During the course of die trial our faith in the sys- tem was beginning to waver Those T2 people restored it” The 1999 confrontation at the Newark airport' was one of the most serious in a series of air blamed on flight rage incidents delays fjl!!ftmped Flying free: John C Davis self-defen- se -- sksmssks 80 percent of bis neck mobility Davis’ wife Victoria testified that Sottile stopped her from Kayla from the passageway Davis said retting their daughterafter the agent shoved his wife Sottile heeauronted ‘ i pare in gourmet foods I i: GAIJFBIBIS 5? Menu AiiHijf jfsJ4??? wvw loHeibr com 770-133- stu- dents an edge Wirt also said the district is unusual in requiring most of its students to take algebra by eighth grade It’s also located near five colleges and several research facilities The Academy School Dis20 in Colorado Springs Colo scored near the top in science and well above the world average in math Alisabeth Hohn the district’s assessment director said it helps to have the US Air Force Atademy located within the school district 9400 12-3- pm Nasdaq composite index Intraday trading for Tliostiay April 3 On the Net: The Third international Mathematics and Science Study: http:iscbcedutimss1 999bnew shtml ' 1640 DENTURES 9:30 am ' ' 1230 pm 4pm Fromthe Lab id REVOLUTIONARY “ GUARANTEED COMFORT Sava Hundndm of DoHara ' Compmrmd to Dmnttmtm Pticmm Now Dontuno Impiontumila “ vou nw nweiUtiiTwe WIIWiliWiFi! UNITED ZfrwMSff You No Dentist Visits Required" SOURCES: MSN MonayCentral: CSI Inc AP WIWllMchannds 3 at Nowisnvi wwnn of Chica- trict No FREE! Contact Shoyna west ence lessons gives their ’ 977793 -- III five Asian nations Jodi Wirt who oversees secondary school curriculum and instruction in Naperville said early exposure to hands-o- n sci- mood Dow Naperville go edged out all other competitors in science and came in sixth worldwide in math The 'average math scores of' NaperviMe students were just behind those of students in Get 2 Receivers COLUMBUS Ind (AP) Baby products makef Casco Inc has agreed to pay $ 13 million to' settle charges it delayed report-- " ing safety defects that led to hundreds of injuries arid the deaths - SI g) Cosco to pay $1 3 million to settle defect reporting delay charges OnthaNet:- Negative earnings warnings sent the Dow Jones industrials and the - In brief ' rattled Wall Street sr HARRIS DENTURE DESIGN (435) 752-381- 1 (208) 646-221- 1 ' |