University Daily Kansan / Thursday, January 26, 1989
Nation/World
7
GOP strikes at Bush's S&L plan
The Associated Press
WASHINGTON — President Bush said yesterday his administration was considering charging depositors to help pay for the savings and loan crisis, but members of his own party in Congress quickly stuck a pin in the trial balloon.
"I'm not going to say what I'm going to do, but that is one gollot." Bush said.
our option,
Nicholas Broadway, secretary of treasury, in television interview yesterday morning, said that a proposal under review by his department would impose an insurance fee of 25 cents for every $100 in deposits. But, he stressed that the option had not been forwarded to Bush yet.
been so wielded to obstruct Brady did not say how the fee would be collected, but his spokesman, Arthur Siddon, said the fee could be imposed directly on depositors or it could
be paid by the institutions as an increase in the insurance premium they already pay.
insurance premium they are paid. Siddon said that the fee, or premium, would apply to all federally insured financial institutions; banks, &Ls and credit unions.
Bush appeared to dispute a suggestion the fee could be considered a tax, thus violating his "Read my lines: No new taxes" pledge.
"I will answer the question with a question," Bush said. "Is it (a) tax when the person pays the fee to go to Yosemite Park, using the park? There will be a lively debate on this."
will be a lively debate on this.
John Sununu, White House chief of staff, said an increase in deposit insurance premiums "does not pass the duck test and therefore is not a tax."
Sumunu was referring to a statement by Budget Director Richard Darman, who told Congress that
if a proposed revenue increase was widely perceived by the public as a tax increase it would not be proposed, saying, "If it looks like a duck, it's a duck."
Sumumi suggested that the option under consideration could be considered a modernization of deposit insurance premiums, which historically have proved to be too low.
Federal regulators pledged more than $38 billion last year to close 205 insolvent & LMs. More than 350 other insolvent institutions remain open and billions of dollars more will be required.
The Treasury Department is working on a plan for Bush that would raise money and institute reforms to prevent the problem from reoccurring. Sununu said Bush could select a plan as early as next week.
News Briefs
Despite taking the warheads off five missiles, the service still claimed last month that the MX had reached "full operational capability" on Dec. 30.
REQUIREMENTS FOR AID: Democratic leaders in Congress introduced legislation yesterday to make civilian or military service a requirement for many young U.S. citizens who want federal aid for education, job training or housing.
after an accident in which a missile came loose and fell in its underground silo, a published report says.
The program would be phased in for five years beginning in 1990. Volunteers would work for one or two years in jobs such as providing day care, combatting illiteracy or caring for the elderly.
They would be paid $100 a week and provided with health insurance. They also would earn a $10,000 voucher for each year of civilian service.
HERPES AND AIDS: A herpes virus discovered in 1986, known as herpesvirus 6, may activate the AIDS virus and join it to kill critical disease-fighting blood cells, a test-tube study says.
BUNDY'S KILLINGS: Robert Keppel, a state attorney general's investigator who tracked executed killer Ted Bundy for nearly 15 years, said Bundy might have killed more than 100 girls and women.
Israel jails many, alleges PLO army
Scientists at the cancer institute and Bionetics Research Inc., of Rockville, Md., found that blood cells infected with herpesvirus-6 and the AIDS virus died faster than those infected with either virus alone.
SEARCH ENDED: Police ended the search yesterday for victims of the Pan Am Flight 103 disaster in Lockerbie, Scotland. Of the 270 people killed, 17 bodies are still missing, including seven U.S. citizens. A symbolic coffin will be lowered into a grave next week at a service for those victims still missing and presumed dead from the Dec. 21 bombing of the Boeing 747.
WARHASES REMOVED! The Air Force removed the 10-warhead payload from five MX missiles late last year, several months
The Associated Press
JERUSALEM — Israeli media allege that a Palestinian popular army is being financed and armed by Yasser Arafat's faction of the Palestine Liberation Organization, but it does not say the army exists largely on paper.
Israeli security forces Tuesday arrested dozens of people suspected of belonging to the alleged army.
Palestinian journalist Daoud Kuttab said Tuesday that Israel was blowing the significance of the issue proportion for its publicity value.
Some Palestinians say the popular army is an attempt to coordinate groups of activists who enforce general strikes, patrol neighborhoods and punish collaborators in the 13-
Kuttab, who has wide contacts in the PLO, called existing groups of activists strike forces that use stones, not guns, in their clashes with Israeli soldiers.
month uprising against Israeli rule of the occupied territories.
In announcing Tuesday's arrests, Israeli military officials said the popular army was led by Fatah, Arafat's arm of the PLO.
Quake victim search ended
The Associated Press
SHARORA, U.S.S.R. — Officials yesterday abandoned hope of finding any more survivors of the earthquake and mudslide that inundated three mountain villages.
three mountain vignettes They said this settlement would be dedicated as a common grave.
Officials said that no more survivors could be expected to be found. But they also said the original death toll from Monday's disaster of 1,000 was too high. Now about one quarter of the original estimate are thought
to have died in the quake and muds. lide.
Within 12 hours after the disaster that struck the area early Monday, the official news media estimated many as 1,000 people might have died.
Izzatullah Khayoyev, prime minister of the Central Asian republic of Dzhakhzikh, told reporters that 274 people were confirmed dead.
214 people were involved in Khayoyev said losses were estimated at $24 million.
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Announcing
Lobby Day 1989 Monday, February 6
Here is your chance!
State Capitol Building in Topeka
Lobby Day is your opportunity to meet face-to-face with the people who make the decisions. We will be meeting with Governor Hayden and members of the state legislature to let them know our concerns as KU students. Last year we took more than 150 students to Topeka. This year we need to take more. If you want to help the university and help yourself, get involved.
Call Associated Students of Kansas for more information
864-3710
A service of Associated Students Of Kansas
Start your morning off light at the Fruit Pastry Bar in The Prairie Room
Open from 9 to 10:15 a.m. Monday - Friday The Kansas Union-Level Three
Enjoy fresh and frozen fruits. assorted fruit rolls, homemade blueberry, banana, and orange muffins, flakey croissants and delicious doughnuts and bagels. Served with orange & lemon fruit dip, cinnamon-apple cream cheese and orange & tomato juices. Receive a 15% Discount from January 27 to February 3
---
KU College Republicans meeting tonight 7:00 p.m.
Walnut Room, Kansas Union New members welcome!
Ecumenical Christian Ministries 1204 Oread
Sponsored by
United Methodist Church
Pristenierian Church (USA)
Church of the Brethren
Church of the Brethren
JANUARY 29: Sunday Worship & Supper 5:30 p.m.
JANUARY 27: Friday Free Movie
"Stand and Deliver"
Popcorn and Drink Provided
7:30 p.m.
JANUARY 2
Latin American Solidarity
Rice and Beans Dinner
Speaker Tim Block
Topic: The Political Situation
in El Salvador
6:00 p.m.
FEBRUARY 1: University Forum
Professor Richard De George
"Soviet Biomedical Ethics.
The Story of a US-USSR
Academic Exchange"
Lunch line at 11:40
Speaker begins at Noon
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