2 Thursday, October 29, 1987 / University Daily Kansan Nation/World Reagan pushes for U.S. summit, but Gorbachev remains hesitant WASHINGTON — President Reagan renewed his offer yesterday to host the next superpower summit in the United States. How will he do that? Russia, Soviet leader Mikhail S. Gorbachev might prefer another site. Gorbachev's reservations surfaced as the White House and the Kremlin announced that Soviet Foreign Minister Eduard A. She Iraq reports attacks on Iranian tankers vardnadze would fly to Washington tomorrow for talks with Reagan and Secretary of State George P. Shultz. Two U.S. officials said Gorbachev was reluctant to come to the United States. "He is concerned about being upstaged by the President on his own turf," one of them said. The Soviets also have said they are worried about security. warnings. KUWAIT — Iraq said yesterday its warplanes raided three tankers off Iran and industrial targets on the mainland. Iran threatened to answer any Western economic embargo by sealing off the Persian Gulf. Iran said three of its warplanes approached U.S. warships south of the gulf in defiance of U.S. Navy The 13th convoy of Navy vessels and reflagged Kuwait tankers arrived safely at the sheikhd, which has been hit by three Iranian missiles this month. Shipping sources in the gulf said they could not confirm the attacks on tankers reported by Iraq. Wavering stock market closes lower again NEW YORK — The stock market vacillated again yesterday but closed lower as the dollar and bond prices dropped as factors influencing its course. 52. 56-point gain Tuesday. The value of all stocks lost $12 billion. The Dow Jones industrial average finished up a scant 0.33 points higher at 1,846.82 following a Despite the slight rise in the Dow, two stocks lost money for every one that advanced, while more than 279 million shares were traded on the New York Stock Exchange. San Diego drivers unhappy with stoplight SAN DIEGO — Truck driver Bill Barnes knows what he will do when he confronts the first stork in the nation's interstate freeway. "That's one light I won't mind runnin'." Barnes said of a light planned on a portion of heavily traveled Interstate 8 in eastern San Diego County. Motorist Marc Sanders said, "There goes the 'free' in freeway. Maybe they should rename it 'stoway.'" Field of high court prospects narrows WASHINGTON — U.S. Circuit Judge Anthony M. Kennedy of Sacramento, Calif. is the one prospective candidate for the Supreme Court nomination who has generated little or no opposition among senators of either party, congressional sources said yesterday. The Justice Department said no decision on the nominee has been made, but Attorney General Edwin Meese III will talk to President Reagan today about the nomination. The White House said an announcement. The Associated Press The White House said an announcement would be made today. Kennedy was considered by congressional sources as the top candidate for the nomination, but he was not the only prospect. Sources familiar with a meeting this week between Justice Department officials and conservative groups said some in the department prefer U.S. Circuit Judge Douglas H. Ginsburg of Washington, D.C. over Kennedy. But Kennedy also would be backed by department officials. Kennedy, 51, has been a judge on the 9th U.S. Court Circuit of Appeals since 1975. He is known to the Californians who are close advisers to the president, including Attorney General Edwin Meese III. Ginsburg is on the appellate court for the District of Columbia and is the former chief of the Justice Department's antitrust division. WASHINGTON — The federal budget deficit, helped by a revenue increase, shrank by 33 percent in the budget year that ended Sept. 30 even though the U.S. government spent $1 trillion for the first time in history, the Reagan administration reported yesterday. Deficit cut despite spending The Associated Press The administration's final accounting for the past budget year showed that the imbalance between revenues and spending fell to $148 billion, down from the record $221.1 billion in the 1966 fiscal year. The improvement came in a 12-month period in which the federal government spent a record $1.002 trillion, up 1.2 percent from fiscal 1986 when federal spending was $990.2 billion. Revenues increased at a higher rate than spending, rising by 11.1 percent to total $854.1 billion. The increase was due in large part to higher-than-expected individual tax payments resulting from the changeover to the new tax law. The 1987 budget figures were announced as the administration and congressional budget negotiators began serious bargaining, which they hope will result in substantial deficit reductions aimed at calming stock market jitters about the federal government's unending flow of deficits. There have now been deficits in 26 of the past 27 years, resulting in a total national debt of $2.37 trillion. Servicing that debt cost U.S. taxpayers a record $195.4 billion in 1987, up from $190.2 billion in 1986. obligations would trigger a recession. President Reagan, in an effort to calm those concerns, has announced a willingness to bargain with Congress about ways to reach the Trump-Rudman deficit target of $144 billion for the current fiscal year. Many private economists are forecasting that regardless of the outcome of those negotiations, the budget deficit this fiscal year will be $2.5 trillion. But some predicting a shortfall of between $170 million and $185 billion These estimates are based on the fact that more than $20 billion of the 1987 improvement came from one-time events. The biggest plus was an unexpected increase in tax revenues caused by the tax law which took effect Jan. 1. Two U.S. airmen, two Filipinos killed by gunmen near air base The Associated Press ANGELES CITY, Philippines -- Gunmen suspected of being communist rebels and killed two U.S. airmen and two other people yesterday in separate daylight attacks near the U.S. Clark Air Base. The attacks came within 15 minutes of each other and happened several hours after the slayings of two policemen and the wounding of an army colonel in Manila. Authoriously also blamed those attacks on the rebels. The Pentagon identified one of the two active-duty victims as Airman 1st Class Steven M. Faust, 22, of Pasadena, Texas, who had worked at the air base since Feb. 20, 1986, as a security policeman and dog handler. U. S. officials said the dead included two Air Force sergeants, a Filipino retired from the U.S. Air Force and a Filipino businessman of U.S. ancestry. Assassins also fired on an Air Force captain. The Pentagon said it was withholding the identity of the second Air Force victim pending notification of relatives. Bask spokesman Maj. Thomas Boyd said both airmen were in uniform. C. Manuel Caranza, security officer of the Philippine military's Clark Air Base Command, said he commandist rebels were responsible. 842-1212 1601 W 23rd Southern Hills Mall MENU Mon. - Thurs 11 a.m.-2 a.m. Fri. - Sat 11 a.m.-3 a.m. Sunday - 11 a.m.-1 a.m. WE FEATURE THE UNIVERSAL SIZE PIZZA 10 INCHES. 8 Slices. FEEDS ONE TO TWO PEOPLE A HAND BUCKET CRUST WITH A GENOUS ROOT TOPPING OF FOMATO SAUCE AND CHEESES, THE STARTING POINT FOR YOUR FAVORITE COMBINATION 3 PIZZAS Our Large 1 PIZZA Our Small 2 PIZZAS Our Medium $400 $700 $900 FACH ADDITIONAL PIZZA? 1²⁰⁰ STANDARD CHEESE ALL TOPPINGS 50¢ PER TOPPING PER PIZZA Special Offer 10—Pizzas 1—Topping $25.00 WE ACCEPT CHECKS (25¢ Service Charge) ARENSBERG'S SHOES ...reflects the authentic look of the World War II flight jacket. 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