Nation/World
7
University Daily Kansan / Wednesday, March 6, 1991
Nation/World briefs
Moscow
Baltics could gain independence
British Prime Minister John Major said Mikhail Gorbachev reassured him yesterday that under Soviet law, talks between Baltic authorities and the Serbimil could lead to a truce.
Major said during four hours of meetings that
he outlined Britain's dismay over the military crackdown in the Baltics that had left 22 dead since January 1945 in the European conventional weapons treaty.
Mikhail Gorbachev
Major said the bulk of his talks with the Soviet president focused on the Persian Gulf War and the need for a
lasting political settlement. Major said at a news conference that the Soviet Union agreed it was up to countries in the region to decide how best to guarantee their security.
San Juan, Puerto Rico
Spanish to be official language
Dealing a blow to Puerto Rico's statehood movement, legislators overwhelmingly approved a bill that made Spanish the sole official language of the Caribbean island.
The Puerto Rican Senate approved the bill by an 18-6 vote late yesterday, revoking the Official Languages Act of 1902 that designated both English and Spanish as the languages of the government.
The new law now returns to the Peorio Rican's House because it was amended to mandate that English continue to be taught in Puerto Rican schools.
Atlanta
Drug cuts heart failure deaths
A drug that relaxes blood vessels cut the annual death rate in half in patients with heart failure, which afflicts about 4 million Americans, a researcher reported yesterday.
Doctors have been using the drug and believed it was helpful, but they had not known how effective it would be at reducing the death rate, said Jay Cohn of the University of Minnesota.
In a study presented at the annual meeting of the American College of Cardiology, Cohn reported that patients with mild to moderate heart failure had a 10 percent annual death rate given the drug amapril, compared to a 120 percent annual mortality without Cohn said.
Seattle
More poisoned Sudafed found
A sixth suspect Sudafed 12 Hour capsule was found yesterday during examination of tens of thousands of capsules during the investigation three cyanide poisoning cases, an official告示。
"You can visually see that it was different from the other capsules." Food and Drug Administration representative Jeff Nesbit said from his Washington, D.C., office.
From The Associated Press
Michigan law requires education on abortion
The Associated Press
LANSING, Mich. — Children as young as sixth-graders will be told how to get an abortion without their parents' consent under a law requiring parental consent, officials said yesterday.
Department of Education officials writing the material that will be given to students said that some parents might object, but that the department has no choice but to comply with the law.
"I think it's going to be real tough," department representative Bob Harris said. "I think there are going to be an awful lot of parents who are going to wonder what's going on."
The law, set to take effect March 28, requires girls 17 and younger to have a parent's consent for an abortion. But minors can ask a probate judge to waive the parental consent if the judge finds that the minor is mature enough to make her own decision or that the waiver would be in her best interests.
The measure, initiated by Right to Life of Michigan, is being challenged in court by the Michigan chapter of the American Civil Liberties Union. A hearing on the ACLU's request for an injunction to block the law is set for Tuesday in Kalamazoo County Circuit Court.
The requirement that schools notify children in sixth through 12th grades of the law was added to
the bill during House debate, said Rep. Maxine Berman.
Berman, who favors abortion rights, said the provision was needed because teen-agers otherwise never would find out about the law until it was too late.
"They have to let youngsters know this so that hopefully they will think about it, although I doubt and of them will think about it," she said. Any effort to become a pregnant mother don't know this Jaws exists.
Right to Life accepted the amendment because it passed easily, said Barbara Listing, the group's president.
Some school officials might resent having to hand out information pertaining to abortion, she said.
"I think, too, parents will be concerned about having their children get the information," she said. "A lot depends on the form the schools use. I need to know the practical if children realize parents have to be involved."
Mary Ohlendorf, director of information and education for the Planned Parenthood League of Detroit, said the notification could clear up teenagers' misinformation about the law.
Taxes may bail out banks
Bill will have public pay for protection of deposits
The Associated Press
WASHINGTON — Support is growing for having taxpayers, rather than the banking industry, bear the extra cost of bailing out uninsured depositors in whose failure could unravel the financial system.
Sen. Donald W. Rieagle Jr., D-Mich, and chairperson of the Senate Banking Committee, yesterday introduced a broad bank-reform bill that, in the process, payers share the cost of the biggest bank救緑.
His bill would prevent the Federal Deposit Insurance Corp., financed by banks' insurance premiums, from protecting deposits in excess of the $100,000 insurance limit after 1994.
However, the Federal Reserve could pay off uninsured保费 if it thought that it was necessary to prevent a contagious run on other insured companies by the dollar or some other financial emergency.
The proposal could prove politically toachy, especially with so many members of Congress being attacked by constituents for supporting a taxpaver bailout of the savings and loop industry.
Any money the central bank spend would have to be deducted from the annual revenues it forwards to the Treasury. So, in effect, taxpayers would bear the cost.
Sen. Alan Dixon, D-III, and a member of the banking panel, and Rep. Chalmers Wylie of Ohio, the senior Republican on the House Banking Committee, also have proposed plans for tapping the Federal Reserve to pay part of the cost of bank failures.
Under Riegle's proposal, the FDIC, and by extension the banking industry, would continue to bear most of the cost of so-called "too-big-to-fail" bank rescues.
For instance, in the collapse earlier this year of the Bank of New England, regulators attributed roughly $300 million of the $2.3 billion bailout price tag to the cost of protecting uninsured depositors. All deposits were declared safe because regulators had insured them throughout the economically depleted region.
The argument for spreading the cost of such bailouts is that the entire financial system and everyone who benefits from it, not just banks, pay the price.
"If what you're really talking about is an institution that's got so far out of bounds that it threatens to bring down the whole system, then maybe the cost of intervening there ought not to be charged for insurance fund per se, but ought to be charged against the government generally," Riegle said.
Riedle said other changes his bill would impose should make too-big-to-fail bailouts very rare. He would require regulators to crack down on banks that are so soon as their owners' capital is exhulted.
"The whole notion of restructuring the system is to avoid failures of huge banks" he said.
Riegle's position is supported by five banking industry trade groups, L. William Seidman, chairperson of the FDIC, and, at least tentatively, two large bipartisan congressional agencies.
Robert D. Reischauer, director of the Congressional Budget Office, told Riegle's panel yesterday that a good argument could be made that taxpaying employees pay the extra cost of protecting uninsured deposits.
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