Week of Oct. 8-11, 1998
Radio address - President Clinton vows to renew his fight next year for
congressional approval of patient’s bill of rights.
Russian President Boris N. Yeltsin - despite calls for his resignation - says he
will not resign.
For the third time in this country’s existence - the House opens formal
impeachment proceedings against a president.
The House ethics committee dropped the three remaining ethics charges against
Speaker Newt Gingrich despite finding that Gingrich repeatedly violated one rule
by using a political consultant to develop the Republican legislative agenda.
Matthew Shepard - a gay University of Wyoming student is found beaten and
near death, burned and left tied to a wooden ranch fence like a scarecrow. Four
people have been arrested.
Leap in mortgage rates - about 1% in one week in some instances - creates
turmoil in the financial markets. One bank, charging about 6.3% on Friday -
suddenly had a 30-year-fixed jump to 7%.
The dollar falls as the yen soars as the dollar slipped 8.1% in a single day.
The Nasdaq fell 3.2% to 1,462.61.
Cartoon ad
Joe Camel
a big influence on
young smokers - The number of American
youths taking up smoking as a daily habit
jumped 73% between Joe Camel’s s debut in
1988 and 1996, the federal government says.
For the first time in 10 years - AIDS falls off
the top-10 killers list - as AIDS deaths
dropped off by 47% last year!
Technology -
The RIAA is suing Diamond Multimedia
Systems - who make a portable Mp3 layer
that should be out this month. The RIAA
doesn’t like it because it can download and
play back pirated songs from the Internet.
The RIAA contends that diamond - by
