Friday, October 2. 1992
NATION/WORLD UNIVERSITY DAILY KANSAN
7
Friday, October 2, 1992
BRIEFS
Man to go on trial in loan scandal
ATLANTA — A judge threw out a plea agreement yesterday, clearing the way for a trial of former bank manager Christopher Drogoul on charges of masterminding a scheme to loan Iraq $5.5 billion during its pre-Gulf War military buildup. The case has raised questions about whether the Bush administration covered up its role in arming Saddam Hussein before the war.
Air tanker crashes while fighting fire
KYBURZ, Calif. — An air tanker crashed yesterday, apparently killing the two people aboard, while fighting a wildfire that has raced through nearly 17,000 acres of forest and burned 26 homes, authorities said.
The plane, flying for the Forest Service, went down a mile west of Union Valley Reservoir in Eldorado National Forest, said a county undersheriff, Jim Roth.
U.S. Senate approves treaty, aid to Russians
Belarus and Kazakhstan, have assumed the treaty responsibilities.
In some ways, the treaty is an anachronism. The country it was negotiated with — the Soviet Union — no longer exists, but four independent republics, Russia, Ukraine,
And while the document calls for the two sides to cut their nuclear arsenals by about one-third, work is already progressing on deeper cuts, made possible by the evaporation of superpower tensions.
Still, the Bush administration and other START supporters said the treaty marked an important milestone in arms control and provided the framework on which a safer world could be built. It was the first treaty limiting offensive strategic arms to be ratified since Moscow and Washington began negotiating in 1969.
Its appraisal came as both former superpowers are struggling with massive debt created in part by a half-century-long arms race, which Senate Foreign Relations Committee head Clalborne Pell called "a fool's game."
The Associated Press
Approval of the Strategic Nuclear Arms Reduction Treaty came with a vote of 93 to 6, belying the decade of distrust and struggle that dominated its negotiation.
WASHINGTON — The Senate yesterday slammed the door on the Cold War by easily approving the most complex nuclear arms treaty ever written, then voting for millions of dollars in aid to promote democracy in Russia.
"Finally, at last ... we have taken a positive, even revolutionary course," the Rhode Island Democrat told the
As Congress rushed to complete its work before abandoning Washington for the campaign trail, lawmakers also played out veto fights with President Bush on abortion and policy toward China, and struggled to complete spending bills needed to run the government.
Senate.
Approval came after a two-day debate, most of it warnings from a band of hawks that the treaty leaves the way open for Russia to modernize and maintain unlimited amounts of non-deployed weapons. Voting against ratification were Sens. Larry Craig, R-Idaho, Jesse Helms, R-N.C., Ernest Hollings, D-S.C., Robert Smith, R-N.H, Steve Symms, R-Idaho and Malcolm Wallon, R-Wyo
The foreign aid spending bill, approved 87-12, included $417 million in technical, development and humanitarian aid for any former Soviet republic that meets human-rights, democratic and economic-reform tests.
At the same time, Bush extended his string of successful vetoes. The Senate, for the second time this year, fell short in an effort to override the president's rejection of conditions on renewal of China's normal trade status.
Many large enterprises have been spared for now, and others — such as a large limousine factory — were issued before the vouchers were issued.
ar power stations, defense facilities, pipelines, and vast mineral resources and forests, which will remain under state control. The vouchers are not legal tender and cannot be used to buy land.
The program will open up more than 6,000 state-owned shops, factories and other businesses to private investors who can buy into them at auctions with vouchers and rubles.
Russia throws opens its doors to capitalism
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The Associated Press
MOSCOW — The Russian government yesterday began distributing vouchers that will give its 148 million citizens a chance to become capitalists by taking ownership of state companies built during seven decades of communism.
The 1.48 trillion-ruble program, rushed into action even though the government still has millions of vouchers to print, represents Russia's most decisive step away from the crumbling legacy of communism. Other significant developments have been the freeing of price controls and the elimination of an artificial ruble rate.
Despite a government advertising blitz, the program was immediately beset by confusion over how to get the vouchers, how to use them, what companies would become available and when they would be put on the
The privatization program, the centerpiece of President Boris Yeltsin's economic reforms, is an experiment on an unprecedented scale to transform a centralized economy into a free market. Critics have accused the president of selling out the country.
auction block. It was too early to predict its success or failure.
Opposition leaders criticized the government of betraying the country.
The voucher plan put Russia in the forefront of privatization efforts by former East-bloc countries to transform inefficient state industry.
"Hordes of Vouchers Attack Russia," read a headline in yesterday's *Pravda*, the voice of the hard-line opposition to Yeltsin's government. Other headlines in the newspaper read "People's Property Given to Criminals" and "Survival Hardly Possible."
Russia's most valuable assets, however, remain off-limits to investors for now. The privatization plan excludes municipal property, as well as nucle-
The government hopes people will band together and pool their vouchers to purchase small stores or obtain shares in mutual funds that invest in large businesses. The great sell-off of state property won't begin before Dec. 1; the certificates are valid from Dec. 1, 1992, through Dec. 31, 1993. The vouchers are worth 10,000 rubles, or twice the average monthly salary.
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