North Carolina Newspapers is powered by Chronam.
2The Daily Tar HeelTuesday, February 7, 1989
World and Nation
From Associated Press reports
Bush on Monday recommended
requiring banks and thrift institutions
to pay higher deposit insurance
premiums as part of a plan to bail
out the troubled savings and loan
industry but recommended no direct
fee on individual depositors.
"We intend to restore our entire
insured deposit system to health," the
president said at a meeting with
reporters at which he outlined a
comprehensive program to save the
troubled S&L industry.
"In all the time since creation of
the deposit insurance, savers have not
lost one dollar of insured deposits,
and I am determined that they never
will," he added.
The president recommended
changes in the federal supervision of
the savings and loan industry, which
is struggling to resolve the difficulties
of an estimated 350 faltering institu
tions. The president also said he
would recommend increased Justice
Department investigation of alleged
wrongdoing in failed thrifts.
An estimated $100 billion is needed
From Associated Press reports
WARSAW, Poland The
government's top delegate to historic
talks with the opposition opened the
first session Monday by offering to
legalize Solidarity if the union agrees
to economic and political reforms.
Interior Minister Gen. Czeslaw
Kiszczak, seated opposite Solidarity
leader Lech Walesa, called for the
opposition to participate in Poland's
Fifty-seven delegates from the
government, the opposition and the
Roman Catholic Church gathered for
the talks at the ornate Council of
Ministers Palace, the building where
the Warsaw Pact was created.
The delegates met for about three
hours and issued a short communique
that said talks by three "working
groups" would resume Wednesday.
One group will consider economic
and social policies, another political
reforms and the third the issue of
allowing more than one union to
"We were brought together here by
the sense of responsibility for the
future of our motherland. We are all
responsible for the Poland to be,"
Kiszczak told the participants, the
state-run news agency PAP reported.
"We must accept the philosophy of
necessity alongside that of the gradual
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to restore all troubled savings and
loan institutions to health. Bush said
the government should raise $50
billion in bonds to finance the cost
of failed institutions, to go along with
$40 billion committed last year by
He said the interest on the bonds
would be financed by higher insur
ance premiums. Separately, Treasury
Secretary Nicholas Brady outlined a
plan for members of Congress that
called for higher premiums paid into
the deposit insurance fund. The
proposals outlined by Bush and
Brady need congressional approval.
The banks and savings and loans
can be expected to pass on at least
a portion of their costs to consumers,
possibly in the form of lower interest
rates on savings accounts.
But Bush said, "I will not support
any new fee on depositors."
The announcement marked Bush's
first attempt as president to deal with
a major problem, and he appealed
"WeVe got a major problem and
something has to be done, and this
character of transformations," he
said. "As it goes for trade union
pluralism, there is no question if, but
the point is how."
"We demand Solidarity. We have
the right to it," Walesa said in his
speech, PAP reported.
Walesa blamed Poland's economic
and political crisis on a lack of
freedoms,1 but said he sensed the
government was ready for change,
state-run television reported.
"We know the country is in ruins.
But it has not been ruined by gnomes,
but by the system of carrying out
power which has been depriving
people of their rights and wasting the
fruits of their labor," Walesa said.
"The time of social and political
monopoly is ending. We need a
restructuring that will turn the one
party state into a state of the nation
and the society," he said.
Known as the round table, the talks
are the first between Solidarity and
the government since the union was
suppressed by the martial-law crack
down in December 1981.
"If we work out at the round table
... a confirmed consensus on the
idea of non-confrontational elections
as well as support ; for planned
political and economic reforms, there
will be an immediate possibility" to
allow more than one trade union to
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is the fairest system that the best
minds in this administration can
come up with," he said.
Bush said the difficulty in the S&L
industry was caused partly by eco
nomic conditions. But, he said,
"unconscionable risk taking, fraud
and outright criminality have also
Specifically, Bush proposed:
a Increasing the insurance pre
mium paid by banks from the current
83 cents per $1,000 of deposits to
more than $1.50. He did not specify
the increase for S&Ls. The money
would pay the interest on an esti
mated $50 billion in government
bonds that would be sold to raise
funds to rescue troubled S&Ls.
a Making the Federal Deposit
Insurance Corp., which- oversees the
nation's 13,000 banks, the insurer for
S&Ls as well. Bush stressed that the
deposit insurance funds raised by the
two industries would not be mixed.
a Regulatory changes, including
steps to reduce the type of risky
investments that got the industry into
difficulty, and an expanded role for
exist at a given factory, Kiszczak said.
Kiszczak called for changes in
electoral laws and a new parliament
that would "represent a coalition of
Solidarity has expressed willing
ness to see the opposition enter
parliament. But it is reluctant to
endorse opposition participation in a
Cabinet that, despite reform, is likely
to be dominated by the Communist
Kiszczak, a member of the ruling
Politburo, said if Solidarity were
legalized, it "cannot return to old ruts,
hours for students, much less so for
"The Ad Hoc Committee proposal
significantly impairs free, safe access
for commuter students to computing
and library facilities during evening
hours, making any available parking
immunized if a measles outbreak
occurred in their schools, she said.
.. No program is in effect to immun
Shots available at Woollen Gym: 9 a.m.-9 p.m. today
and Wednesday. Students should present
identification or student I.D. number. Avoid
driving to gym because of traffic congestion.
Student Health Service will notify by mail students
who need the vaccination.
Symptoms include: fever, red eyes, runny nose and a
' cough. 24-48 hours after these symptoms
develop, a rash will appear, starting behind the
ears and on the neck and then spreading all
over the body.
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the Treasury Department in super
B Placing insolvent savings and
loan institutions under the joint
control of the FDIC, which oversees
banks, and the Federal Savings and
Loan Insurance Corp., which holds
regulatory authority over the S&Ls.
B Increasing Justice Department
funds by $50 million for investigation
of wrongdoing within the industry.
Before Bush spoke, an industry
official said banks . have received
assurances that the money raised by
the higher premiums will go into their
insurance fund, the FDIC, and will
not directly pay for the problems of
the Federal Savings and Loan Insu
Sources said the money raised by
the premiums will count as revenue.
Thus, in an arrangement envisioned
by Budget Director Richard Darman,
the government will be able to spend
several billions of taxpayer dollars a
year without adding to the budget
deficit, said a government official,
who also spoke on condition of
becoming the source of anarchy and
Walesa "accepted all of Kiszczak's
suggestions in the name of the side
he represents," Polish TV reported.
"We are saying words, but Poland
needs facts, new, brave actions. . . .
All Poles will take account of our
every word and every decision and
also, and maybe first of all, our lack
of decisions," Walesa was quoted as
"The biggest problem we have to
fight now is the catastrophe of the
Polish economy," he said.
pricey or dangerously distant."
The Student Government proposal
recommends putting a gate up at one
lot for use by holders of all valid
campus parking permits and moni
toring which group uses the lot the
most: faculty, staff or students. The
ize the students now, and the schools
will not get involved unless there is
an outbreak.., ? ., ..... ,
Military leader announces
election date in Paraguay
From Associated Press reports
Gen. Andres Rodriguez, who
seized power in a violent coup last
week, denied links with drug
trafficking and announced Mon
day that elections will be held May
1, with only Communists
Four cronies of ousted Presi
dent Alfredo Stroessner, who
ruled Paraguay for nearly 35 years
until the coup, were accused of
using public funds and graft to
obtain "luxurious mansions,
expensive apartments abroad and
Reporters asked the general
about casualties during eight
hours of fighting Thursday night
and early Friday that ousted
"Believe me, total casualties
dead plus wounded do not
exceed 50," Rodriguez replied.
Earlier estimates by embassies and
civilian witnesses put the number
of dead alone at nearly 300, but
no official figures have been
Rodriguez also said Congress
has been dissolved and that the
new president would take office
immediately upon election.
Stroessner was given asylum in
neighboring Brazil and was stay
ing in Itumbiara, a remote city 270
miles southeast of Brasilia
Mrs. Dukakis to get treatment
BOSTON Kitty Dukakis, the .
wife of Gov. Michael S. Dukakis,
is being treated for alcohol prob
lems triggered by her husband's
loss to George Bush in the 1988
presidential election, the governor
remaining two lots, it says, should
remain ungated and open for anyone
to use at night.
Martin said, "It's not safe for them
(students) to be parking far away. It's
not even the way the TP AC (Trans
portation and Parking Advisory
Children are routinely immunized
and cannot legally start school unless
they have been vaccinated against
measles on. or before their. first
birthday, she said.
In addition, no employers in
Orange County have taken any
special actions to immunize their
Jim Huegerich, crisis counselor for
the Chapel Hill Police Department,
said the department has not consi
dered the problem yet.
"It's not something weVe needed
to get involved in," he said.
Fred Marricks, sheriffs supervisor
and assistant chief of the fire depart
ment, said his department has not had
any problems with measles and has
not received any special information
from the town.
weekend, he said.
Twenty nurses from SHS, UNC's
School of Nursing and the county
Health Department administered the
shots Monday. UNC Pharmacy
School students loaded the syringes
used in the vaccination.
Ginger Sandlin, director of nursing
at SHS, said she expected the vac
cination process to move quickly.
During the last student inoculation
at NCSU, she said, nurses were able
to perform three - injections per
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News in Brief
Mrs. Dukakis was not known -
to be dependent on alcohol until
the governor's statement, but she
has had a history of addiction to
diet pills. She entered a Minnesota
treatment center in 1982, where'
she said she conquered her
"Until shortly after Election
Day on Nov. 8, Kitty had never
had a problem with alcohol,"
Dukakis said in a statement.
He said that since the presiden
tial campaign Mrs. Dukakis, 52, '
used alcohol "in excessive quan--'
tities ... on a limited number of
occasions while at home."
Dukakis, who does not smoke)'
and rarely drinks even a glass of
wine, said his wife had entered the
Edgehill Newport facility in New-
port, R.I., on Sunday and will stay
there about a month. ?
Gray quits family business
WASHINGTON In an
abrupt reversal, President Bush's
counsel and chief ethics adviser
resigned as chairman of a .
tions company Monday to avoid. ,r
any appearance of conflict ofv
interest while working in the White v
Spurred by publicity about his '
finances, C. Boyden Gray';
announced he was stepping down ;
as chairman of the family-owned
Summit Communications Group
Inc. and putting his personal assets'-
estimated at $10 million into v
a blind trust.
from page 1
Committee) recommended it." The
TP AC proposal suggested limiting
parking lot use to drivers with
permits, he said.
"I don't agree with that (proposal)
either, but at least some students
could use the lot," he said.
from page 1
Marricks said the town would take
action if a measles case is reported.
"The. town .usually, .stays.on.,top of,
things like this,? he saidw: ; -j "
Kathy Higgins, media relations
representative for Blue Cross and
Blue Shield, said the company has
not been contacted or encouraged by
the county or the state to take any
"If it becomes a problem, then well
re-evaluate the situation from there,"
she said. A directive would come from
a health department representative to
start any kind of immunization
Higgins said she does not think
Orange or Durham counties have
received a recommendation from the
state health director to take any
from page 1
Volunteers from Alpha Phi Omega
service fraternity also assisted in the.
vaccinations. Over the weekend,
members helped prepare the post
cards mailed to students, said
member Beth Snyder. Members
worked Monday in many capacities,
from checking in students to control
ling traffic in the gym, she said.
Many students have been coming
in to SHS on their own to receive
the vaccination, Cowan said. Over the
past three weeks, SHS has seen about
75 to 150 people a day, she said.
None of the students receiving the
shot Monday fainted, said SHS nurs0
But pharmacy student Venita
Sharma said many were very nervous
They were afraid to look at tK$
needle," she said. ;j
Some students waiting outside tti$
gym Monday said they were anxiou$
about the shot.
"I wanted to get it over with sQ
I wouldn't be kicked out of school?
said senior Regina Carter. '
Senior Derek Pearson said, "I donty
want to die. I could kick myself fdjf.
not going to Student Health to gej;
it done earlier."
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