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Friday, October 23. 1987 / University Daily Kansan
Nation/World
Shultz meets with Shevardnadze to resolve disputes over treaty
MOSCOW — Secretary of State George P. Shutz and Soviet Foreign Minister Eduard A. Shevardnadze basically resolved a dispute over West German nuclear missiles yesterday in talks both sides described as productive.
The two were trying to settle the last disputed points in a treaty to scrap intermediate-range nuclear missiles. But no date set for a
third summit meeting between President Reagan and Soviet leader Mikhail S. Gorbachev, at which such a treaty could be signed.
U.S. won't export high-tech items to China
Shultz is to meet with Gorbachev today and review the findings of eight U.S.-Soviet working groups that have tackled such diverse issues as human rights and chemical warfare.
WASHINGTON — The Reagan administration, upset for months about China's sale of Silkworm missiles to Iran, put a freeze yesterday on the types of high-tech items the Chinese can purchase in the United States.
State Department spokeswoman Phyllis Oakley cited rising tensions in the Persian Gulf, where the Chinese-built missiles have set targets ablaze in recent days, as the reason for the freeze.
It was the first overstep by the United States to show its displeasure with the Chinese over their role in the gulf.
Soviet exile wins Nobel prize for literature
STOCKHOLM, Sweden — Poet Joseph Brodsky, who calls his Russian heritage and the freedom he found in America "the best combination," won the Nobel Prize in literature yesterday.
Brodsky was exiled from the Soviet Union in 1972 and is now a
U. S. citizen. He was cited by the Swedish Academy for creating poems "imbued with clarity of thought and poetic intensity."
He writes in both his native Russian and in English and his works have been translated into more than a dozen languages.
French cabbies use 'hot seat' for defense
PARIS — Parisian taxi drivers, already armed against hostile clients with a measure of arrogance, savvy and an occasional dog, may soon be equipining their cabs with hot seats.
With the push of a discreetly placed pedal, the taxi driver can send the electricity coursing for one minute through the back seat, stuning the passenger with a jolt to the back of the neck.
Dow Jones drops 77 points; trade sessions to be shorter
The Associated Press
NEW YORK - As stocks tumbled in frantic trading yesterday, hopes of quick recovery from the maket's historic crash were doused and fears were raised that violent financial spasms may afflict the world indefinitely.
The Dow Jones average of 30 industrial stocks, the nation's best-known barometer of stock values, fell 72.42 points to 1,950.43 at closing, according to a preliminary reading. Losing stocks swamped gainers by a 5-to-1 margin on the New York Stock Exchange. Volume exceeded 393 million shares in the fourth busiest trading day ever.
In an unusual step, the New York and American stock exchanges
announced yesterday they would shorten each of their next three trading sessions by two hours to process the crushing volume of the last week. The New York exchange processed almost 2.5 billion shares in the past week, said John Phelan, NYSE Chairman.
The exchanges will open as usual at 1 p.m. and close at 2 p.m. today, Monday and Tuesday.
At one point yesterday, the Dow was down 140 points and bobbed violently afterward at sharply lower levels.
"The market's extremely fragile," said Peter J. DaPuzzo, manager of the retail equity group at Shearson Lehman Brothers Inc. in New York. "Any negative news causes it to
break and people to sell out equities. There's so much tension and nervousness, the confidence level is very close to zero."
The value of all U.S. stocks fell $107.79 billion yesterday, wiping out nearly half the recovery of the previous two days, according to the Wilshire Associates 5,000 Equity Index of stocks. The drop represented 4.2 percent of the total valuation of $2.4 trillion.
The frantic selling that gripped the New York and London exchanges much of the day reverberated through every other market, eroding the dollar's value and pushing up the price of U.S. treasury bonds and gold in a migration to safe-haven securities.
Judges rebuke anti-Bork lobbies
The Associated Press
WASHINGTON — Twenty-three federal judges have signed a petition censure intense outside lobbying in the battle over Robert H. Bork's Supreme Court nomination, a Bork supporter said yesterday.
The judgels said such tactics could endanger the integrity of U.S. courts.
The juries said such action contender endanger the integrity of U.S. courts.
Leonard Garment, a prominent Washington attorney and former Nixon administration official who is a friend of Bork's, said he wrote the petition and circulated it Saturday at a conference of federal jurists. He said it was unprecedented for federal judges to sign such a document.
All the jurists who signed were U.S. district judges from New York City or on York State except for one federal judge and a judge in the New York city suburbs.
From The Associated Press.
Eleven of the judges were nominated by President Reagan, although two of them are Democrats, Garment said. The list also includes a nominee of the late President Johnson.
The petition focused on outside events of Born, although it did not endure.
In the Senate yesterday, Sen. Frank Murkowski, R-Alaska, and Sen. William Roth, R-Del., announced they would vote for Bork, bringing the declarations in favor of the nominee to 41. Fifty-four senators he said they would vote against confirmation, and five remain undecided.
The petition was cited by Sen. Orrin Hatch, R-Utah, on Wednesday in the opening day of debate on
Bork's apparently doomed nomination.
In a full day of debate yesterday, lawmakers sparred over Bork and over private groups' lobbying on his nomination.
Kuwaiti terminal damaged by missile
KUWAIT — An Iranian Silkworm missile hit Kuwait's offshore supertanker oil terminal yesterday, setting it afire and wounding several people, officials reported. None of the U.S. flagged tankers the Navy protects was in the area.
The Associated Press
It was the third Iranian missile attack in a week on the sheikhod nestled between Iraq and Saudi Arabia at the head of the Persian Gulf.
The Kuwait News Agency quoted officials as saying five people were wounded, with one remaining hospitalized. Shipping and diplomatic sources said casualties were low. In an apparent effort to Sea Island terminal nine miles offshore and fewer than the usual 20 men were on duty.
Iranian leaders have threatened retaliation for a U.S. Navy artillery attack Monday that destroyed two of Iran's offshore oil platforms. The shelling was done in response to an Iranian missile attack last week that killed the hijacked Kuwaiti tankers near the sheikhdom's coastal oil facilities.
In Lebanon the pro-Iranian group Islamic Jihad, which holds American and French hostages, said thousands of suicide bombers were ready for attacks on U.S. and European naval forces in the gulf.
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