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Chicago Tribune from Chicago, Illinois • Page 81
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Chicago Tribune from Chicago, Illinois • Page 81

Publication:
Chicago Tribunei
Location:
Chicago, Illinois
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Page:
81
Extracted Article Text (OCR)

153rd Year No. 201 Chicago Tribune Besurs cut amer a mr Dow close 10,996.13 1377.10 Down 191.55 cally repaired right shoulder. Bears officials said Kramer threw well Sunday, but he had thrown little in the final off-season workouts, and the extra practice time afforded the Kramer said. "It's like Ed McMa-hon coming to the door, thinking 'Where's my then getting cut" McNown's agent Tom Condon, traveled to Chicago and was meeting with Bears officials early Tuesday, suggesting that McNown's signing is imminent. McNown is expected to sign a multiyear deal with the final year or two voidable if he reaches cerr tain playing incentives.

Kramer, 34, was released 48 hours after traveling to Chicago for a workout with the team to assess the condition of his surgi- McNown's agent meeting with team By John Mullin Tribune Staff Writer After months of declaring that veteran Erik Kramer would be their starting quarterback, the Bears abruptly reversed themselves T.uesday, waiving the 10-year veteran and placing their future squarely in the hands of unsigned rookie Cade McNown. "It's probably like winning the Lotto, only in reverse," a stunned Volume 756,000,000 Erik Kramer team's four other quarterbacks was enough for coaches to conclude that Kramer was expendable. The move sends the Bears to Stock prices took a tumble on Tuesday, tripping over an excellent earnings report by International Business Machines. Investors sold the key computer stock on worries that the company will find it difficult to maintain earnings momentum. All major indexes sank, and losing stocks easily topped winners by a 5-2 margin.

Astronauts honored on mission milestone i1 ft Zi PBS warns stations on donor lists In the wake of criticism from congressional Republicans, the Public Broadcasting Service is advising its stations against providing membership lists to political groups. At a congressional hearing Tuesday, Ervin S. Duggan, the PBS president, said an advisory would go out this week "strongly urging our member stations to establish policies strictly prohibiting the exchange or rental of lists to partisan political campaigns, committees or groups." Many already have policies against providing their lists to political campaigns or organizations, Duggan said. However, he said, "These policies need better auditing and enforcement mechanisms." Robert Coonrod, president of the Corporation for Public Broadcasting, said that a recent survey found that fewer than 30 stations appear to have exchanged names with political organizations aligned with either the Democratic or Republican parties or both. Ex-fugitive wins release on bail Former Symbionesg Liberation Army fugitive Kathleen Ann Soliah, accused of planting bombs under police cars 24 years ago, was granted release from jail Tuesday after posting $1 million bail largely gathered from her friends.

A court in Los Angeles accepted the bail, raised by some 250 people, and also accepted an electronic monitoring plan that would allow her to return to her home in St Paul while waiting to go on trial in Los Angeles. A fugitive since the 1970s, Soliah lived a peaceful life for years in Minnesota as Sara Jane Olson, a mother, community leader and sometime actress. Her attorneys said in interviews Monday that the bail had been raised through donations from relatives and friends, some of them taking out lines of credit on their homes and borrowing against retirement funds. 'This is a great day," defense attorney Susan B. Jordan told reporters after the hearing.

Grissom Mercury capsule retrieved After 38 years at the bottom of the Atlantic Ocean, Gus Gris-som's Mercury space capsule was reeled in Tuesday by an underwater salvage team and lifted aboard ship. Among the items found inside: seven Mercury dimes the astronaut carried into space as souvenirs. The long-awaited recovery was just one day shy of the 38th anniversary of Grissom's 15-minute suborbital flight aboard Liberty Bell 7, which made him the second American in space. "I'm quite relieved that the capsule came out of the water in one piece, and I'm anxious to get back to Florida," expedition leader Curt Newport said in a statement issued by the Discovery Channel which financed the search. Newport and his team were expected back at Port Canaveral, with Liberty Bell 7 on Wednesday.

ft training camp this week with McNown, Shane Matthews, Jim Miller and Moses Moreno as their quarterbacks. None of them has ever been a full-season NFL starter. "The four quarterbacks, the way they performed in the off-season, was a big plus for us," Bears personnel Vice President Mark Hat-ley said. Kramer, signed as a free agent from the Detroit Lions in 1994, leaves the Bears with franchise records for pass attempts, completions, yards and touchdown passes in a season, all in 1995. Sell-off deflates markets U.S.

trade deficit sets another record Associated Press NEW YORK Stocks retreated sharply Tuesday, led by a selloff in technology shares, as traders took profits from the market's recent record-shattering run. The Dow Jones industrial average was down 191.55, or by 1.7 percent, to close at 10,996.13, following Monday's modest drop 22.16. On Friday, the Dow closed at an all-time high of 11,209.84. Broader stock indicators, which also set records Friday, joined in the retreat Many traders who bought, heavily on the promise of strong corporate earnings reports were trimming their portfolios to capture profits. "We've had a sparkling rally," said Joseph V.

Battipaglia, chief investment strategist at Gruntal Co. in New York. "While there's been no disappointments, there has been some room for short-term selling." Microsoft fell sharply after announcing late Monday it expects revenue growth to slow in fiscal year 2000, which began July 1. IBM also fell, contributing most heavily to the Dow's losses. Big Blue said after the market closed Monday that its second-quarter profits jumped 65 percent, beating Wall Street's expectations.

But analysts said investors are reluctant to build up their positions in the stock. In economic news, America's trade deficit swelled to another record in May as oil prices surged, Americans snapped up imported autos and demand for U.S. exports shrank, reflecting the lingering effects of a global financial crisis. The Commerce Department reported Tuesday that the trade deficit ballooned to $21.3 billiona 14.8 percent increase from April's $18.6 billion deficit. Imports of goods and services climbed 2.2 percent to a record high of $98.9 billion in May.

That reflected an advance in the price of imported oil, to the highest level since late 1997, and a big jump in auto shipments. At the same-time, U.S. exports fell 0.8 percent to $77.6 billion as demand dropped sharply for commercial aircraft, farm products and American-made autos. So far this year, the U.S. trade deficit is running at an annual rate of $225 billion, more than one-third higher than last year's record high $164.3 billion.

jll AP photo by Doug Mills Apollo 1 1 astronauts Michael Collins (from left), Nell Armstrong and Edwin A. "Buzz" Aldrin laugh together Tuesday at a ceremony at the Smithsonian Air and Space Museum. Medals mark 30th anniversary of moon walk On July 20, 1969, Armstrong and Aldrin landed the Apollo lunar module they called Eagle on the moon's Sea of Tranquillity. Hours later, Armstrong descended a ladder and became the first to walk the lunar surface. Collins remained in lunar orbit aboard the command ship, Columbia.

Gore, speaking at ceremonies beside the Apollo 11 command ship, said the astronauts accomplished their mission with what would now be regarded as primitive equipment The Apollo 11 onboard computer, he said, had less than one-thousandth the memory storage of a modern handheld electronic organizer and could hold data equal to only about one-twentieth of a typical floppy disk in modern computers. "It is even more astonishing that their mission was pulled off with the technology that was available then," said Gore. The Langley Gold Medal, named for American aviation pioneer Samuel P. Langley, had been awarded only 21 times previously. The first recipients were Wilbur and Orville Wright in 1909.

Associated Press WASHINGTON-On the 30th anniversary of the first landing on the moon, the astronauts of Apollo 11 received the prestigious Langley Gold Medal for aviation Tuesday, met with President Clinton at the White House and were praised for an "astonishing" mission that united the nation. Neil Armstrong, who commanded Apollo 11 and was the first man to walk on the moon, Edwin A. "Buzz" Aldrin and Michael Collins "blazed a path farther than any we have known," Vice President Al Gore said in ceremonies at the Smithsonian Air and Space Museum. Clinton began a Rose Garden press appearance with a rhetorical nod to the three former astronauts, who visited the White House this morning. "They and everyone at NASA over the years have made an extraordinary contribution to our nation and to humanity.

I am very grateful to them," Clinton said. Si FAA admits early request to find plane Tribune photo by Cart Wagner Wacker work: Ironworker Bob Zuccarelli of the city Bureau of Bridges welds steel beams Tuesday on a shoring structure holding up the roadway on Lower Wacker Drive near Lake Street. In Bridgehampton, N.Y., Caroline Kennedy Schlossberg and her husband, Edwin Schlossberg, left their summer home for a hour-long bicycle ride Tuesday, the first time she had been seen in public since her brother died. At the Kennedy compound in Hyannis Port, discussions were under way on arrangements for a memorial service, sources close to the family said. The sources said the service most likely would be in New York, where the victims lived, and would not be held before Friday.

"The divers are systematically examining targets and moving on," said Greg Hernandez, a spokesman for NOAA. The FAA said the call for the airplane's location, from an airport employee on Martha's Vineyard, was merely a request for information and had no sense of urgency. Any delay in the rescue effort would be moot if Kennedy, his wife and sister-in-law died on impact. New radar data showed the plane was diving at a rate up to 10 times normal just before it disappeared from radar. Associated Press AQUINNAH, Mass.

Divers returned to the ocean off Martha's Vineyard Tuesday in the search for John F. Kennedy plane as the Federal Aviation Administration acknowledged it was asked to locate the aircraft less than a half-hour after it vanished from radar. The Navy divers had been given a list of 15 submerged sites to examine by the National Oceanic and Atmospheric Administration, up from nine sites. State police divers returned to water later in the morning. iii i in mi in COMPLETE MORNING TRIBUNE INSIDE The world and beyond: How 136 pieces of the Earth and one from the moon have found a resting place at Tribune Tower.

In Tempo. Napr'.

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