Show w A2 — The Herald Journal Logan Utah Tuesday August 13 2002 Notion In brief to tbtiJKDStt ISossIh) US Airways files for bankruptcy — first major airline to do so since ©©©Dflomniy By Pater Grier The Christian Science Monitor 9-- 11 ALEXANDRIA Va (AP) — US Airways the first major airline to declare bankruptcy since last year’s terrorist hijackings won permission from a federal judge on Monday to continue operating temporarily while it tries to reorganize its finances The nation's seventh-laige- st carrier said flights would continue normally and it expressed optimism that it will emerge from bankruptcy early next year But airline stocks fell at the news particularly those of United Airlines US Airways Tiled its Chapter 1 1 bankruptcy petition Sunday and appeared in US Bankruptcy Court in Alexandria on Monday to discuss the filing In addition to permission to continue operations the airline sought an Aug 30 deadline to negotiate wage and benefits concessions from unions representing more than half its work force WASHINGTON — It’s a dilemma all modern presidents have faced: There is little they can do to fine-tun- e the nation’s economy yet voters nevertheless hold them ‘ accountable for business cycle ups and downs As a result at some point almost every White House looks for ways to appear concerned about public economic angst that aren’t necessarily connected to any impending change in government fiscal policy NEW YORK (AP) — Former ImClone Systems chief Samuel Gerald Ford passed out butWaksal pleaded innocent to insider trading and other charges that said “WIN — Whip tons Monday and defended his company and its cancer drug' Inflation Now” Jimmy Carter The plea was entered in US District Court where Waksal wore cardigans and urged cuthad been indicted on charges of inside trading and perjury New ting national energy costs via charges of obstruction of justice and bank fraud were filed last turned-dow- n thermometers week requiring the new arraignment Bill ClinAs t president-elecIf convicted he could face 30 years in prison on the bank host a far so went as ton to fraud count alone Prosecutors had sought unsuccessfully to summit the on economy would deal Waksal with Such have deal a arrange a pica before his actual inauguration "required him to reveal in exchange for leniency whether he This week's short White provided insider trading ftps to relatives and friends including House economic conference Stewart Martha maven decorating in Waco Texas is of a piece with these previous efforts say experts It's a way to chiecrlead and appear thoughtSAN FRANCISCO (AP) — Security measures were eased ful to a point Monday on the Golden Gate Bridge after a weekend of Will it jump-sta- rt the econoalert allegedly stemming from a terrorist threat to my? That’s unlikely Does it crash a plane into the span contain an element of political Security was downgraded to the “heightened” state of alert posturing? Of course the same state of readiness the bridge has been operating under But that doesn’t necessarily since the Sept 1 1 attacks raid Mary Currie spokeswoman for it a waste of time make the Golden Gate Bridge Highway & Transportation District Such efforts “do focus National Guardsmen patrolled below the bridge and federal offiattention on things in a way cials watched the skies The bridge was placed on a that may not be readily apparstate of alert Friday through Sunday after ent” rays Stephen Hess a information was shared through an interagency coalition Friday senior fellow in government Currie said She would not elaborate on the details of the threat studies at the Brookings Instior specify the information’s source tution President Bush’s forum on fully Tuesday was slated to involve some 250 people ranging LEXINGTON Ky (AP) —- Actor Jason Priestley faces weeks ' from Bush himself add Vice of healing and rehabilitation but is expected to fully recovet President Dick Cheney to a from head and spinal injuries sustained in a high-specrash United Parcel Service driver for auto an race during practice and the heads of a number of Less than 24 hotfirs after his car slammed into the Kentucky small businesses Speedway wall at about 180 mph the former “Beverly Hills his heartthrob arms was and alert moving Sharp criticism from ' 90210” television Democrats that the prelimi- -' with visitors doctors and and communicating legs The nary guest list was skewed Priestley crashed during practice Sunday for toward GQPrppntrihutrat- - a race in the Infiniti Pro Scries ImClone founder pleads innocent : Golden Gate Bridge security eased “super-heightene- “super-heightene- Priestley expected to d" d” recover ed ' Wi AP photo p Workers at Baylor University put up a banner with the school's name on Monday at the university ty housing In Waco Texas in preparation for today’s presidential economic forum appears to have had at least some effect The White House has gone out of its way to emphasize the Democratic credentials of some invitees as well as dragging in such te participants as Fannie Mae chief executive Franklin Raines a budget director in the Clinton White House and Internet executive Jerry Yang a prominent Al Gore supporter in the 2000 election The panels are expected to cover economic' recovery and president knows the best solutions come from outside Washington He wants to hear from these Americans who are on the front lines” He also likely wants to convey the image of a thoughtful president concerned with the stock market’s whiplash as opposed to a vacationing president more concerned with clearing brush on his Texas ranch than with the disappearing retirement ravings of many Americans Bush and his political handlers have some reason to be worried on this account Polls generally show that the public is far less impressed with Bush’s economic stewardship than with his leadership of the war on terrorism Bush’s approval rating on the economy was 45 percent as opposed to 66 percent overall in a CBS News Poll last last-minu- job creation corporate responsibility small investors and retirement security technology and innovation and healthcare security' “There will be at least 14 hours of detailed unscripted policy discussions” said deputy White House communications director Jim Wilkinson over the weekend “The 'facili- week But don’t look fra the president to emerge from a meeting room waving a sheaf of new policy proposals he Wants implemented right away The irony is that these meetings are taking place at a time when there is little the government can do for the flagging economy Hie one big fiscal lever an administration has — pumping government spending into the economy — has largely been pulled already due to the combination of big Bush tax cuts and increased government spending fra the war on terrorism and other concerns Economic confidence might go up “if Bush were to start talking about positive growth agenda” rays Stephen Moore chairman of die Club fra Growth a pro-tax-c- ut' political action committee I'- - PH i Stri-- ft Vj v - £ £ FREE DELIVERY V t ' - v THINK STRENGTH rAPPLIANCE? 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