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Wednesday, October 28, 1987 / University Daily Kansan
Nation/World
Negotiators hope to trim deficit in nonpartisan considerations
WASHINGTON — Pledging to leave politics at the door, negotiators for Congress and the Reagan administration began searching yesterday for a mixture of tax cuts and federal aid that would reduce the federal budget deficit enough to pacify world financial markets.
The opening session produced little more than an agreement to resume negotiations today. Participants spent two hours discussing how they would proceed but were not asked to consider any specifie according to several lawmakers.
Iraqi planes attack tanker in Persian Gulf
"We talked for awhile and we all left happy," said Rep. John Duncan, R-Tenn.
The initial goal for the negotiators is the $23 billion deficit reduction required by the Gramm-Rudman balanced budget law.
KUWAIT — Iraq said its war-
lanes raided a tanker in Iranian
waters last night in the campaign
to win control of those ships that
finance Iran's war effort.
A brief military communique issued in Baghdad said the planes over the Iranian coast," the customary reference to a tanker, shortly after
7 p.m. It did not identify the vessel, and shipping ships in the Persian Gulf could not confirm the claim immediately.
In Kuwait, which has been hit recently by three Iranian missiles and a terrorist bombing, an official was quoted as saying civilians will be trained to help defend the sheikdom.
Soviet-Afghan forces kill U.S. filmmakers
ISLAMABAD, Pakistan — Soviet-Afghan forces ambushed and killed two U.S. citizens as they returned with rebel escorts from making a documentary film on Afghanistan's civil war, U.S. and guerrilla spokesmen said yesterday.
Lee Shapiro of the New Jersey-
based Shapiro Media Productions
and cameraman Jim Lindeloff
were killed earlier this month in
Pagman, just west of Kabul, the
Afghan capital, U.S. diplomats in
Pakistan said.
Texas bat fan pleads, 'Give a bat a break'
AUSTIN, Texas — Give a bat a break, pleads bait lover Mirail Tuttle, who says Hallowee is the cave-dwellers' name.
"You wouldn't believe the para
noia people have about bats," says Tutt, founder of Bat Conservation International, a group that monitors bat populations and seeks to protect their habitat.
Korean constitution OK'd
SEOUL, South Korea - South Korean voters overwhelmingly approved a new constitution yesterday, establishing direct presidential elections and other democratic reforms that were demanded in extensive anti-government riots last summer.
The Associated Press
In downtown Seoul, riot police battled protesters who urged voters to boycott the referendum. Police said about 40 demonstrators were arrested.
Election officials declared the referendum approved early today. The approval rate was 94 percent with 54 percent of the total ballots being voted in a simple majority was needed. The final results are expected later today.
Nearly 80 percent of the country's 25.6 million eligible voters cast ball-
The constitution reduces the power
of the presidency and increases the authority of the legislature and the judiciary.
President Chun Doo-hwan, who took power with military backing in 1980, bowed to opposition demands for reforms in July and announced that he would step down when his term ends Feb. 25.
Government candidate Roh Tao-tweo, opposition leader Kim Young-sam and former prime minister Kim Jong-pil are campaigning to succeed him as leader Kim Dae-jung formally will announce his candidacy today, aides said.
South Korean newspapers announced the results in banner headlines in today's editions. News reports said the government would accept the constitution Friday after final vote tabulations.
The governing Democratic Justice Party welcomed the results.
From The Associated Press.
Easy passage of the constitution had been expected and most voters leaving polling stations expressed想 usher in a new democratic era.
"All parties now should make their
utmest efforts for a smooth execution of the agreed political timetable, including fair competition and elections," a party statement said.
The main opposition Reunification Democratic Party also hailed the endorsement and said the new constitution would put South Korean political development.
"Our long awaited aspirations are about to come true with this referendum. I hope this will open the way for democratization," businessman Chung Sung-nam said after voting in Seoul.
The government mounted a massive security operation to protect the voting and 120,000 police were deployed across the country.
Foreign markets spark investors
The Associated Press
NEW YORK — Stock prices rose $37 billion on Wall Street yesterday as earlier gains in Asian and European markets encouraged investors to shift some money back into the jittery stock market.
The Dow Jones industrial average, which on Monday lost almost 157 points in its second worst point decline ever, reversed course and rose 52.56 points to 1,844.49. Nine cars for every eight that fell in price.
quick rally in New York, sending the Dawg average soaring almost 90 points.
Euphoria from higher prices in Tokyo and Hong Kong sparked a
But traders chipped away at the advance as the day wore on, selling stocks that made gains during the morning. The Dow slipped to a gain of about 29 points shortly after noon before regaining ground later.
Meanwhile, federal officials said a distraught investor who shot two stockbrokers and then killed himself in Miami on Monday was a disbarred lawyer relocated through the federal witness protection program.
The rush of money out of stocks and into bonds slowed yesterday, with some money heading back into equities, breaking a trend that helped depress stock prices since the devastating 508-point drop in the Dow on Oct.19.
Edward I. Koch announced a 90-day city hire freeze, saying the city needs time to assess the economic effects of the stock market decline. The freeze will defer the hiring of 2,000 police officers. Koch said.
And New York Mayor Mayor
Soviets may sign arms deal this year
MOSCOW - Mikhail S. Gorbachev is ready to visit Washington this year and sign an agreement scrapping medium-range nuclear missiles without a link to restrictions in the "Star Wars" system, Soviet officials said yesterday.
The Associated Press
"We have no doubt that an agreement relating to intermediate-range missiles and shorter-range missiles will be signed." Foreign Ministry spokesman Bari Pyadyshev said at a regularly scheduled news briefing.
In Washington, U.S. officials said Foreign Minister Eduard A. Shevardnadeh would visit the U.S. capital, by Soviet request, at the end of the year to discuss a third meeting between the Soviet leader and President Reagan.
Gorbachev surprised Secretary of State George P. Shultz in Moscow last week by saying he was not ready for another summit. Shultz said Gorbachev could expect an agreement on the Star Wars space-based defenses.
At the United Nations, Soviet Ambassador Alexander M. Belogov said the Kremlin would like the summit to reach an agreement in principle on limiting Star Wars, but indicated it was not mandatory.
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