UNIVERSITY DAILY KANSAN
Thursday, November 3, 1994
7A
U.S. dollar buy-back seen as successful
The Associated Press
WASHINGTON — The United States aggressively bought dollars on foreign currency markets yesterday in a successful effort to prop up the currency after it hit a postwar low against the Japanese yen.
The surprise rescue effort was accompanied by strong words of support from the Clinton administration and hints of even more aggressive efforts in coming days if traders don't stop battering the U.S. currency.
"I believe that recent movements in the dollar are inconsistent with the
fundamentals of a strong investment-
lured recovery in the United States and
the greatly enhanced ability of U.S.
firms to compete around the world."
Treasury Secretary Lloyd Bentsen
said.
It marked the fourth time this year that the United States has intervened in the open market to purchase dollars. The effort yesterday met with much greater success than the last attempt on June 24, when the United States joined in a massive intervention with 16 other nations, only to see the dollar fall lower.
Bentsen's statement and the Fed's purchases. In late New York trading, $1 was buying 97.60 yen, up sharply from 96.18. The dollar also moved higher against the German mark, climbing to 1.5138 marks, up from 1.4949 on Tuesday.
However, economists warned that the administration would have to do even more dollar-buying in the weeks and months ahead until financial markets saw a clearer sign that America's huge trade deficit was beginning to shrink.
Bentens's statement hinted at more aggressive moves.
"A stronger dollar will reduce inflation pressures, improve American living standards and promote investments. We will continue to monitor developments closely in cooperation with our G-7 partners," he said in the statement.
That comment was interpreted as a signal that if traders continued to bet against the dollar, the United States would launch a coordinated rescue attempt with other members of the Group of Seven nations — the United States, Japan, Germany, Britain, France, Canada and Italy.
Democrats claim 'Christian' guides distort the truth
The Associated Press
WASHINGTON — The Christian Coalition will distribute 33 million election guides to voters this weekend and already is facing criticism from Democrats who say their views are being distorted in an effort to help Republicans.
In an overwhelming majority of cases, it is the Republican candidate whose views are most in line with those of the coalition, the offspring of religious broadcaster Pat Robertson's 1988 presidential campaign.
Coalition leaders vehemently deny picking sides, which would violate the organization's tax-exempt status, and say records are researched and the choices left to voters.
The guides and weekend telephone prodding of Christian conservative voters are the final installation on a $5 million Christian Coalition election effort that included 10 million guides for primary races and 17 million congressional scorecards.
The voting guides are not to be distributed to churches and Christian bookstores until the Sunday before Election Day.
"You want to hold it until that last Sunday because if they start raising doubts about the voter guide, you're going to have a real slittish pastor that is just going to pull them," Christian Coalition voter education director Chuck Cunningham said.
New book suggests Thomas lied
WASHINGTON — A new book on the Supreme Court confirmation battle offers new but inconclusive evidence to support those who said Justice Clarence Thomas lied when he denied talking dirty to Anita Hill.
The Associated Press
"Strange Justice: The Selling of Clarence Thomas" says a preponderance of evidence suggests Thomas lied under oath to the Senate Judiciary Committee.
But authors Jane Mayer and Jill Abramson, reporters who spent more than two years on the book, also wrote: "Unless an eyewitness to these private events emerges, no one will ever know with absolute certainty whether Hill or Thomas — if either of them — was telling the whole
truth."
The authors interviewed many people who knew or worked with Thomas or Hill—as well as such figures as the proprietor of a video store who remembered Thomas as a regular renter of adult movies.
The gripping confirmation hearings in 1991 made on-the-job sexual harassment a national issue. Thomas adamantly denied Hill's accusations before the committee that he made crudely sexual comments to her while she worked as his aide at two government agencies in the 1980s.
In a best-selling book published last year, "The Real Anita Hill: The Untold Story," author Brock cited government records and numerous interviews with people who knew Hill to conclude she lied.
"We didn't come to this with any ax to grind," Mayer said in an interview yesterday.
Mayer and Abramson wrote a scathing review of Brock's book in The New Yorker magazine.
Abramson added: "We viewed this as a giant puzzle, and we've been able to add some significant new pieces."
Supreme Court representative Toni House said that Thomas would have no comment on the new book.
But a close friend of Thomas, Armstrong Williams said that the issue was about an African American whose life and thoughts threaten to free African Americans from the liberal plantation and that the liberal media can't get over it.
The Associated Press
Bush, Dole to speak today
TOPEKA — Former President George Bush and Sen. Bob Dole will make their first joint appearance of the 1994 election campaign today in Overland Park, the Bill Graves campaign said yesterday.
Dole and Bush, who is now living in Houston, will be the main attractions at a Republican rally at 4:45 p.m. at the Yellow Freight Systems headquarters at Interstate 435 and Roe Avenue.
They will hold a news conference at the same location at 4:30 p.m.
Bush and Dole are appearing on behalf of Republican gubernatorial candidate Bill Graves, 3rd District Rep. Jan Mevers and other state GOP candidates.
Dole, Bush, Graves and Meyers will be at the news conference and will speak at the rally, the Graves campaign said. State GOP Chairman Kim Wells also will speak at the rally.
It is the third trip to the state by Dole on behalf of Graves. He was in Wichita in September and in Kansas City and Lawrence two weeks ago.
Gunman ordered to face trial
WASHINGTON — A Colorado man was ordered to stand trial on charges that he fired 27 semiautomatic rifle bullets at the White House last weekend. A federal magistrate rejected a defense plea for the charges to be lessened because no one was injured.
Privately, a federal prosecutor held open the possibility that Francisco Martin Duran might yet be charged with attempting to assassinate President Clinton, who was inside the White House when the shots were fired. But no new charges were lodged yesterday.
Duran, 26, is charged with possessing a firearm as a convicted felon, destroying government property, assaulting a uniformed Secret Service agent and using a firearm while committing a crime. If convicted on all counts, he could face a maximum sentence of 35 years in prison and $1 million in fines.
Duran, an upholsterer from Colorado Springs, Colo., underwent a cursory mental examination Tuesday night after his lawyer failed to get it stopped. Assistant U.S. Attorney Eric Dubeilier, whose office had requested the test, said in court that Duran's competency was not being contested at this time.
How a solar eclipse happens:
Moon obscures view of sun by varying degrees Earth
South America's solar eclipse
Moon
Three types of eclipse: Some coming total solar eclipses
2. 000 mph
Knight-Ridder Tribune
Shuttle studies environment
CAPE CANVERAL, Fla. — It's a green year for NASA.
The space agency today launches the fifth shuttle flight of 1984 devoted to studying the state of the Earth.
That is more environmental missions than in any previous year.
Bad weather across the Atlantic threatened to scrub Atlantis' noon launch, however.
sites. Good weather was expected at Kennedy Space Center.
NASA cannot launch a shuttle unless at least one of its three emergency landing sites in Spain and Morocco has acceptable weather. Thick clouds and high winds were expected at all three
This will be the third shuttle mission in a row that is part of NASA's Mission to Planet Earth, a program to understand such environmental changes as ozone depletion, deforestation and global warming.
It's the fastest growing part of NASA. Funding has shot up 50 percent over the past four years, said program chief Charles Kennel. This year's budget is $1.2 billion.
For 11 days, seven instruments atrobor Atlantis will scour the stratosphere for ozone and other chemicals. It will also examine solar energy.
New galaxy found behind Milky Way
cent of the sky.
NEW YORK—Astronomers have discovered a galaxy virtually in their own backyard, hidden behind the fuzzy streak the ancient Greeks dubbed the Milky Way.
The galaxy is about 10 million light-years away in the direction of the constellation Cassiopeia, said researcher Ole Lahav of the Institute of Astronomy at Cambridge University in England. A light-year is the distance light travels in one year — about 5.9 trillion miles.
The Milky Way is made up of stars and dust. It obscures about 20 per-
Lahav and colleagues report in today's issue of the journal Nature that they detected the galaxy by its radio-wave emissions. Lahav said it contained one-third the mass of the Milky Way galaxy, which includes Earth.
Once its location was known, telescopes receiving ordinary light showed the galaxy had a standard two-armed spiral shape, Lahav said. As viewed from Earth, it spreads about half as wide across the sky as the moon does, he said.
Compiled from The Associated Press.
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