| Show A2 — The Herald Journal Logan Utah Wednesday August 14 2002 0 Nation In brief I' I ’ DALLAS (AP) — American Airlines announced a massive restructuring Tuesday that will cut its work force by 7000 jobs in an effort to make the world's biggest carrier competitive with rivals American: which has lost $28 billion over the past 1 8 surmonths said the restructuring is critical to its long-tervival in addition to cutting its work force by 6 percent it will reduce its capacity by 9 percent and retire its entire fleet of 100-seFokker planes Tuesday’s announcement by American comes as the US airline industry continues to be rocked by the slump in travel after the Sept 1 1 terror attacks a tepid economic recovery and fierce price competition The industry’s difficulties drove US Airways to file for Chapter 1 1 bankruptcy protection on Sunday The nation’s seventh-large- st carrier received approval to continue normal operations and hopes to emerge from bankruptcy next year The new initiag measures tives by American coupled with earlier will mean $11 billion in annual operating savings the company said After the announcement shares in AMR were up 18 cents at $854 in morning trading on the NYSE lower-co- st m at cost-savin- Pilot fired after positive test for alcohol LITTLE ROCK Ark (AP) — A Mesa Airlines pilot who tested positive for alcohol before a scheduled flight has been fired the airline said Tuesday A flight attendant who tested negative before the flight has who also tested negative has been sus- resigned and a pended the airline said Peter Treanor 29 of Charlotte NC had a blood-alcohreading of 006 percent and 005 percent in two tests administered after screeners at Little Rock National Airport smelled alcohol on him the airline said Federal regulations prohibit pilots from operating an aircraft or performing other sensitive functions within eight hours of consuming alcohol or if they have an alcohol concentration of at least 004 Treanor’s first officer and a flight attendant passed alcohol tests given at the same timei the airline said The first officer was put on leave without pay and the flight attendant followed through on a previously submitted resignation said Brian Gillman a spokesman for the Phoenix-base- d airline Gillman wouldn't elaborate co-pil- ot ol Lawyers flay immigrant detentions - WASHINGTON (AP) — The American Bar Association condemned the government’s secret detention of immigrants arrested after Sept 1 1 asking for information Tuesday on who is being held and why Tire Justice Department has appealed' a ruling that it must release the names of more than 1000 people picked up since the jetliner attacks US District Judge Gladys Kessler has said there was no justification for a blanket secrecy policy ABA said the department should dp The 408000-membe- r even more disclosing the facilities where detainees are being held giving them access to attorneys and family members and scheduling prompt and open hearings when possible “It is essential that we not tamper with the most fundamental freedoms” said Esther F Larden an adjunct law professor at Georgetown University “At the most difficult times when our freedoms are tested we speak out to preserve the rule of law to preserve our core values and to preserve our national heritage” The association’s action came as it wrapped up a meeting that focused on the Bush administration’s war on terror FDA warns against Chinese diet pills WASHINGTON (AP) — Americans should avoid two Chinese diet pills because they may contain a drug banned for causing dangerous side effects the Food and Drug Administration warned Tuesday The Chinese products are among several linked to hundreds of illnesses and several deaths in Asian countries this summer but FDA officials said they had information on only the two in the United States If others come to their attention the warning will be extended said spokesman Brad Stone ' The pills are called Chasu Jianfei Diet Capsules and Chasii Gempi and typically are sold in small markets as alternatives to Western medicine the FDA said ar The pills apparently contain fenfluramine a prescription Jiet medicine banned in the United States in 1997 after it was linked to a dangerous heart problem China’s health ministry has banned about a dozen different diet products this summer because they illegally contained fenfluramine Some of the products have been linked to 560 cases of liver or thyroid illnesses in Japan and at least eight deaths in Japan China and Singapore once-popul- a ©mi tPooMirog American Airlines says it will cut 7000 jobs by March 2003 reduce capacity Forum sltoDw? deems economy to be Dow drops 206 points basically sound NEWYORK(AP)— Wall y Street fell victim to a By Tom Raum Associated Press Writer late-da- Tuesday after Federal sell-o- ff decidReserve ed not to cut interest rates rattling investors who were hoping for more aggressive action Analysts blamed the stock drop on traders who in the absence of other news had been focusing for days on the move by the Fed When the market began to fall shortly after the d announcement trading exacerbated the policy-make- rs WASHINGTON— The Texas economic forum provided no consensus on how to restore consumer confidence or spur economic growth Underscoring the absence of a clear message was President Bush's racing from one session to another promising that “we will look at the sum- maries” policy-maker- s’ Analysis computer-generate- sell-o- ff While his aides struggled to session at cast the half-da-y Baylor University in Waco as one of high seriousness and substance Bush thanked his hosts “for putting on a great show” The resemblance to a campaign event was unmistakable: It ended with a stump speech everybody cheered and stood and the band struck up “Stars and Stripes Forever" ’ Although business execu- fives and owners who made up the largest bloc of attendees talked of ways to restore investor confidence the stock market seemed to hardly notice the event The broad market was slightly higher in early afternoon then sagged after a Federal Reserve decision to leave short-terinterest rates AP photo President Bush listens to a speaker at a session on economic recow ery and job creation during The President's Economic Forum held at Baylor University In Waco Texas on Tuesday The Dow Jones industrial average closed down 20650 or 24 percent to 848239 Broader stock indicators also fell sharply The Standard & Poor’s 500 index was down 1959 or 22 percent at 88421 and die Nasdaq composite index was down 3756 or 29 percent at 126928 ' “It’s the old story of sell on the news” said Larry Wachtel market analyst at Prudential Securities ‘Today was selling on the news because there’s nothing coming along in the ' dog days of August that's the to psycholochange going gy 99 Fed leaves key rate unchanged rocked Americans’ confidence in corporate leaders and in their own financial futures “The economy has gone flat and they recognize that” said Mark Zandi chief economist m unchanged Bush used his wrap-u- p comments — mostly a list of his accomplishments and goals — to pick a new fight with Con: atEconomycom By keeping rates at lows — or perhaps nudging them down lain — gress announcing he was rejecting $51 billion in contingency funds authorized in an emergency spending bill for programs He said some of the spending wasn’t related to the war on terrorism or consistent with budget discipline “My administration will spend what is truly needed and not a dollar more” he declared Thomas Mann a political analyst at the Brookings Institution said the disagreement is a peripheral one at best “It’s perfectly reasonable for him to have a dispute with Congress over whether to spend this money but is ludicrous to elevate it to a major proposal at an economic forum to try to reassure the country about his management of the economy” Mann said The Waco forum “really ended up being just a pep rally" Mann added The president who is not fond of long academic discussions and Vice President Dick Cheney briskly made the rounds among eight panels led four-deca- federal de expect consumers to spend more and businesses to step up investment That would quicken the recovery which has lost momentum since the beginning of the year A softening in consumer and business demand that emerged this spring “has been See RATES on A6 could policy-make- rs anti-terrori- yfuS tt) sm&- - V- n 'v I rm s v :Vm -- V 'M a i I 1 4 : See SHOW on A6 $499 without purchase last while supplies f"' tv- v 1 ! : a i 'Mr:-- ' )I C "t T ii ” ri I : C n'T (435) 792- n association with Glenn iV QMottmsenM 2 S with he purchase of any lunch sandwich of ktm salad of equal or lesser vUue j The U ind CliVdley family Pntlkie viVIronw Rruee N’Sunley ilnttneiUs New patichtsare wkxjnic A lhali native Dr Stinky wax raised Id ProVa lU 1C PhysfcWDi vision 1QSI"' ' A f '! - 091112702 's earned hls umlergradiute drgive at BriglumYjming Uiifvershy and then attended medical jehool at the St ' v WllnivwsJty SchtMi of hledidne hi Miwnuri t)r Staiiley completed a family pacti( rwidchcy at 1 iluient hi in Medical Center and full 11 vi Sankh Dee Ogden Hospital hWKay provides a range range foe from newborns all age health canesor vices to arnivrs incluugmaUimiiy careand sportmedldneDr- Include die Imwests traveling playing piano hiking rampiig re(liitg plKX(ajiy gardeniiig iaila Stanley’ 1 hi also ami a physician at the Sjh lake City Winter Olympin Came enjoyed serving diving Jogging V ' fi s ' No Coupon Necewiy S’ '2'miiAunimumnmnnimmHinnl ' ' limsiiMilsiiiMwnsmmiimiHiiil ' u tynmA- f L a turama - 4 v - 19 fill' 'ft wiaanAwiiiaN f r if v i ?' |
