Show AS —This Herald Journal Logan Utah Wednesday January 29 2003 tlcflon I I Senators grill Bush nominee for treasury secretary WASHINGTON ( AP) — Treasury secretary nominee John Snow told Us confirmation hearing Tuesday that President Bush's tax-cpropos- al was “an investment in the Araeri- can people and their future" and that he would not rest until everyone who wanted a job had one "Jobs give people dignity and provide hope” he said remarks to the Senate Finance Committee “I know what it’s like to need a job and I also know what it takes to create jobs" Snow chairman and chief executive officer of CSX Corp was peppered with questions about the ut economy's direction (he prospects of growing red ink in the nation’s bud-get and his extensive holdings in the rail height company Snow defended ius compensation describing it as “sort of standard fare for CEOs of Fortune 500 compa-- 1 nies” Senate Finance Chairman Charles Grassley said the pay package of Snow was typical for executives at the nation’s big companies During the question aniJanswer period Snow said the “deficits matter” but any deficits emerging would probably be modest and short-term Snow also signaled that there ' would be no change in the Bush administration's policy of favoring a strong US dollar "A strong dollar is in the national interest” Snow At CSX employment has dropped from 48308 in 1993 to 41393 according to reports filed with die Securities and Exchange Commis- sion Spokesman Dan Murphy said that recently jobs have been lost because of the sale of some operations and federal legislation that said Despite the 2001 recession a wave of corporate accounting scandals and John Snow: Tax cut proponent - He said the best way for the country to get but of red ink is to strengthen the economy echoing the Bush administration'gjline a falling stock market Snow said the economy is slowly recovering “But as the president has stated we can and must do better" Snow said “As long as there are Ameri' cans who want a job add can’t find one the economy is not growing fast : encouraged railroad industry workers to retire “It’s been difficult the last two or three years because of the economy to create jobs but certainly that’s one of our goals" he said During a Cabinet meeting Bush asked senators to quickly confirm Snow enough” In brief Stocks get biggest lift in 2 weeks Virginia judge sets trial date for teen in sniper case FAIRFAX Va (AP) — A judge set a Nov 10 trial date TuesLee Boyd Malvo who could face the death day for for his alleged role in the sniper attacks that terrorized penalty the Washington area Prosecutors had asked for a trial date in late June while the ' defense had requested February 2004 Circuit Judge Jane Roush picked a date in between saying it allowed twice the time normally granted under Virginia law for a speedy trial “I am not going to be ready by Nov 10 It’s an impossible date It’s not a realistic date” defense attorney Michael Arif complained Malvo is being tried in Fairfax County on murder charges in the Oct 14 slaying of FBI analyst Linda Franklin outside a Home Depot store Prosecutor Robert Horan Jr has not yet said whether he will ask for the death penalty Malvo and John Allen Muhammad 42 are accused of killing 13 people and wounding six in Alabama Georgia Louisiana Maryland Virginia and Washington DC NEW YORK (AP) — Bargain hunters took charge of Wall Street Tiesday baiting the market’s protracted sell-oand giving stocks their first respectable advance in more than two weeks The Dow Jones industrials climbed nearly 100 points Stocks rallied despite the fact that investors were waiting nervously for President ff Bush’s State I Sales of new homes set record WASHINGTON (AP) — New home sales hit a record high in December to close out the best year ever as the lowest interest rates in decades enticed home buyers even jn a frail economy homes rose to a seasonally adjustSales of new single-fami- ly ed annual rate of 108 million last month marking a 35 percent jump from November’s level the Commerce Department reported Tuesday For the year new home sales soared almost 8 percent over 2001 levels the highest since the government began recording such sales in 1963 Low mortgage rates have fueled a buying bonanza in die housing market helping keep the lackluster economy afloat as it struggles toward recovery Mortgage refinancings also have been at frenzied levels The monthly cash that homeowners save by refinancing mortgages at lower rates has helped consumer spending remain the primary force keeping the economy going r' Police chief dies during AP photo career services at Central Connecticut State University in New Britain Conn talks with student Sheryl Singh about job opportunities for her on Jan 15 in Deloy’s campus office College seniors are finding some unexpected company this semester as they visit their schools' career sendees offices — from alumni who also want help landing a job in a slow economy Patricia Deloy left the director of Alms taro tie ©eDDeges ta '" DneDp wotilto stejdggBRIIAINiCom seniors are (AP) — SYLVAN BEACH NY (AP)— A village polfoe chief who allegedly threatened to harm himself and others was found dead in his home early Tuesday after a daylong standoff with state College finding some unexpected company this semester as they visit their schools’ career ser- troopers The body of Canastota Police Chief Guy Blasier was found robot state police Maj Thomas Kelly by a camera-equippe- d told reporters He would not discuss the condition of the body or where it was found in the house Blasier 39 was armed but police said they heard no shots during the standoff and had not fired any of their own weapons An autopsy was scheduled Police had sent in the robot after waiting more than 25 hours since they last heard from Blasier “There were threats made There were weapons in the house It was a volatile situation but there were no hostages involved” Kelly said Box BOSTON (AP) — A United Airlines flight bound for San Francisco from Logan International Airport was grounded Tuesday after a passenger found a box cutter in the magazine pouch in the seat in front of her The woman discovered the blade as passengers were boarding authorities said The Boeing 757 was kept on the ground and the pilot ordered all passengers removed Federal screeners searched the plane to make sure no other weapons were on board said Transportation and Security Administration spokesman Brian Turmail networking program especially for the school’s graduates At the University of Pennsylvania alumni account for 15 percent of the clients seeking career counseling up from the 10 percent who used the service when the economy was strong Penn’s career service direc- - job Walczewski in quick order bought a new car got engaged and started making plans to set aside money to buy a house Then on the same December day she received her first paycheck as e a employee Walczewski learned she had been laid off “I didn't think I'd be back meeting official protests 'gag order’ 31-ye- - ar isamoogaminority of com- missioners who would like to see Title IX’s roles remain essentially intact She echoed i - ' The list of procedures obtained by The Associated Press said minority views will not be included “in fairness to the commissioners who have worked hard to achieve con- sensus” but that opposition views will be reflected in the transcript of the meetings Title IX prohibits gender discrimination in programs that receive federal funding ' Critics say the law has in effect punished male athletes Donna Lopiano executive drao-to- r of the Women’s Sports to provide more opportunities for women Foundation dtecusses her founEarlier Tiesday Donna dation's report on women sports Women’s Sports Lopiano sentiments expressed by sevFoundation executive director eral women’s groups that the said conference she at a news commission makeup of die is concerned that changes was stacked in favor of Diviwould erode gains made by sion I schools who would like ' ' women to see die rules relaxed it’s OK for “To suggest that “We consider that this is tan a federal law to allow women tamount to a gag order” de Varona said “We want a to be treated in a manner that It’s our is as inferior to men is unfathminority report right commissionen who have spent omable in this day and age” a lifetime fighting for equality she said in Deloy’s office With the National Association of Colleges and Employers forecasting a 36 percent decline in hiring out of colleges this spring Deloy fears many in the class of 2003 will share Walczewski 's dilemma The Collegiate Employment Research Institute at Michigan State University projects that students entering the fields of construction retail transportation (excluding airlines) and food and lodging will fare the best Jobs in die financial service wholesaling finance and government sectors are expected to decline this year the institute said Deloy and other career counselors say corporate recruiters are still visiting campuses but are offering far fewer jobs than they did four uated within the past five years While Deloy said some of the alumni coming to her office left Central Connecticut as long as 25 years ago the majority — like Keryn Walczewski — attended more recently Waczewski graduated last May fold went to work as an intern for the state of Connecticut’s education full-tim- hoontis here so fast" she said sitting tor Patricia Rosejuudtnost of the alumni she scef have grad- department After her position as a computer specialist turned into a On eve of Title IX WASHINGTON (AP)— Supporters of the status quo for Title IX were dealt a setback Tuesday when a Bush -- job vices offices — from alumni who also want help landing a job in a slow economy “Not a day goes by that I don’t have an alum on my calendar” said Patricia Deloy the director of career services at Central Connecticut State University She’s not alone Rutgers the State University of New Jersey responded of alumni by cutter causes scare delays flight SS3S administration commission issued procedures that stated its final report “will not include minority views" Commissioner Donna de Varona said the procedures are “tantamount to a gag order” The Education DepartCommisment's sion on Opportunity in Athletics will debate and vote on as many as 24 recommendations during public meetings today and Thursday Several commissioners have said they expect the panel will vote to weaken the old gender equity law that grcady increased female participation in sports De Varona a two-tiOlympic champion swimmer of the Union address and his comments about a possible war with Iraq and the sluggish economy The renewed buying aided e full-tim- See JOBS on A7 by better-tha- n expected earnings pushed the Dow back up above the 8000 mark after the blue chip average fell below that milestone Monday for the first time in three months Analysts said the market was due for a rebound after having seen stocks fall for seven of the previous eight sessions But they also suspected the buying would be short-live- d due to investors' fears that a war with ongoing Iraq would undermine an already flagging economy The Dow dosed up 9928 or 2 percent at 808884 its biggest advance in more than two weeks or since Jan 9 when it rose 18087 1 In the previous eight ses- sions the Dow dropped 853 points more than wiping out all of its 2003 gains On Monday the Dow dropped 14 45 to close below the 8000 level for the first time in three months or since Oct 14 when it stood at 787740 The broader market also enjoyed a lift from bargain hunters Tiesday The Nasdaq composite index rose 1691 or 3 percent to 342 8 The Standard & Poor’s 500 index advanced 06 or 3 percent to 85854 Still the market's gains failed to entirely wipe out Monday's declines much less those suffered in two weeks of selling a sign that investors were being cautious Investors will be looking to both Bush and the Fed for reasons to have faith in the market and to commit to stocks 1 1 1 1 1 1 1 Interior Design Seminar at Bridgerland Applied Technology College Saturday February 1 2003 9 am to 4 pm (Continental Breakfast and Lunch provided) Keynote Speaker: Susan Duffield Designing Your Home with Intention t i will be presented by: Floracopia Janet Patch Kitchen Kneads Info-sessio- ns A Little Something Scrapbook Station Tony’s Grove Window Expressions Preregister by January 29 2003 - $35 Registration at seminar - $40 Registration can be completed at either the Logan or Brigham City Bridgerland Applied Technology College Call foe Information 753-6780 |