Thursday, February 25,1993
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Canadian leader calls it quits
Mulroney resigns as prime minister
The Associated Press
OTTWA — Prime Minister Brian Mulroney, dogged by economic problems and his failure to resolve a constitutional crisis involving French-speaking Quebec, said yesterday that he is resigning.
Mulrone, prime minister since 1984, has been the most unpopular leader on record in Canada. He announced his departure in a letter to Gerry St. Germain, the president of the governing Conservative Party.
"It is time for the party to elect a new leader," Mulroney said in his seven-paragraph resignation letter.
"We have governed decisively in challenging times," he said. "I am confident that in regard to our major initiatives, the verdict of history will be a supportive one."
office until Conservative Party leaders meet to elect a new prime minister. Sources told the news agency Canadian Press that a leadership convention probably will be held in June.
Mulroney is expected to stay in
Multronone was in the last year of his second five-year term. The next general election must take place before Nov. 21, and it is expected to produce a fragmented political system. A minority government headed by Liberals or Conservatives or even a coalition government is possible.
For the United States, a fractured political climate in Canada could mean a neighboring government unable to take decisive political initiatives. But the Liberals and the Conservatives do not disagree that much on economic policy — the key factor in relations with Washington.
The North American Free Trade Agreement between the United States, Canada and Mexico is not likely to be endangered by Mulroney's departure because the Conservatives are expected to push it through parliament before the general election.
Mulroney led the Conservative Party for 10 years and took it to two consecutive majority governments—a feat only two other Conservative leaders in history had managed.
But high unemployment, record bankrupties, massive debt and no clear policy for recovering from a three-year recession have hurt Mulroney's standing among Canadians.
"They have led this country to the highest unemployment rate, the highest level of bankruptcies and the highest debt," said Audrey McLaughlin, leader of the opposition New Democratic Party, and a vocal opponent of the free trade agreement.
"That's the record that one gets judged on, and for me it's been a devastating record for Canada," McLaughlin said.
Last spring, Muloney's personal popularity bottomed at 12 percent — the lowest rating for any prime minister since polling began. It has been in the mid-to-high teens.
Records: S&L defendants fail to make restitutions The Associated Press
The Associated Press
WASHINGTON — Savings and loan defendants who escaped long prison terms in exchange for making penalty payments have repaid less than a half-penny on each dollar of the $133.8 million they owe, according to federal court records. Some defendants and government officials acknowledge that there is little chance the 109 convicted savings and loan figures who received plea bargains will ever repay the huge fines.
"The restitution orders in these cases are thrown around like there are nickels and dimes involved," said Woodrow Brownlee, former president of Dallas-based Commodore Savings Association.
Though prosecutors can try to revoke probation for defendants who fail to pay up, the Department of Justice has left it instead to overburden probation and parole officers to collect the money.
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