European Stars And Stripes (Newspaper) - February 2, 1981, Darmstadt, Hesse Page 2 it the stars and stripes Cash from liquidating assets february Washington not the White House announced that president Reagan has liquidated Many of his assets and placed the Cash in a Blind Trust to avoid any appearance of a conflict of under the the White House Reagan selected an Independent trustee who will manage and control the presidents assets during his it was further explained that the president would receive no information on investments made by the trustee except for periodic reports on the value of the Trust and its the trustee named by Reagan was Ray mond president of the Star Wood a Manhattan based in vestment concern that advises corporate pension charitable foundations and insurance Armstrong said the concern is now managing about million in except for his personal residence and a ranch in the White House said that the president had liquidated his assets and placed the Cash in the the Cash was invested in 30day certificates of bearing interest of percent and As required by filed a Finan Cial disclosure statement with the Federal elections commission last he also released a copy of his 1979 tax the documents showed that most of his income came from broadcast and writing they also showed that he had invested Reagan plans deeper spending slash than he forecast during his Campaign Washington up president Reagan expects to exceed the 2 percent slash in spending projected in his Campaign but will be fair in making the White House press Secretary Jim Brady said sat look for Brady were not promising a Quick were not singling two or three groups to Bear the whole Brady said who spent the week end at Camp took along Homework on budget cuts and the nationally televised address he plans to deliver from the Oval office thursday Reagan was expected to return to the White House sunday afternoon or he and his wife Nancy strolled the grounds of the Mountaintop Retreat saturday and arranged to see a movie in the Brady told reporters that reagans focus in the Early Days of his administration is on the Economy despite recent preoccupation Guatemala fire destroys valuable medical books Guatemala Guatemala a a fire at the University san Carlos destroyed the University medical officials there were no but University officials said thousands of valuable books served As fuel for the which raged until it levelled the with the return of the 52 american hos tages and policy toward the freed americans Are and it should not be the continuing hallmark of this administration now that they Are Brady the real problem we have is a deteriorating he its Clear the economic indicators weve received Are much worse than we throughout the Reagan said a 2 percent Cut in the Federal amount ing to some was in order and quoted advisers As saying that it could go even i think Well do better than 2 Brady noting that the deficit has Dou bled since Reagan made his major economic speech Reagan has not yet made the final Deci Sions on his but the budget David has set up working groups which will meet with Cabinet officials and go Over their spending requests line by Brady the president plans two speeches in the next few weeks to signal his approach to rampant inflation and a sluggish an aide said thursdays speech would be aimed at building understanding in order to strengthen the Bond Between the Ameri can Public and Congress in laying out what the state of the Economy what Reagan a forecast of the future and the alternative to not a second speech will be a state the Union style message with specific details on the aide flowing from that will be several More messages to con Brady said he expects More consultations on complaints from Secretary of state Al expander Haig and other diplomatic sources Over rumoured big cuts in the foreign Aid he any budget director Worth his Salt is going to come in with the sharpest Pencil Reagan will make the decision Brady the aide said the president is not going to ask for hair shirt sacrifices from it is going to be a can do the White House began consultations Friday with Blu Chip business an aide said there will be unprecedented consultations with agriculture and other groups to involve them in the economic recovery but he said they will be More leadership oriented than seeking theres a determination not to repeat the Cardigan syndrome of president when he made his speech likening the Energy crisis to the moral equivalent of the aide he said Carter then dropped the Issue and did not engage in a sales Cam reagans top aides also Are conscious of the Calendar and believe to get any thing he must move Early it wont be business As the aide this is an economic watershed for this in some and his wife Nancy reported an adjusted Gross income of in his Home in Pacific a suburb of los is now for Sale for Reagan will keep his 688acre ranch in Santa and use it As a Western White he purchased the ranch in 1974 for reagans Trust agreement was filed last week with the office of government the Federal Agency established in 1978 to Monitor the conduct of government employees and to serve As custodian of employee financial disclosure the Law creating the Federal Agency re quires that a government official must either disclose details about his holdings and sources of income or assign management of those holdings to a Blind the trustee of that Trust must be Independent of the person whose business is being the Law the ethics in government act of 1978 requires the office of government ethics to approve both the form of the Trust agreement and the in the Case of reagans this was done last week by Jackson director of the ethics the said in a Tele phone interview that he has had no prior dealings or financial relationship with Rea he said that he had not met with the president on the Trust but had worked out the details with Theodore a los Angeles lawyer who represents the arrangement provides that Arm Strong will receive a fee of percent of 1 percent of the value of the assets he Man Ages for the has been an employee of the Starwood for 20 years and its president the past 10 temperatures l h 4 28 25 32 39 47 21 32 27 34 31 38 21 32 15 35 18 27 32 45 67 81 48 56 34 Anchorage Atlanta Boston Chicago Cincinnati Cleveland Denver Detroit fort Worth Honolulu Houston Las vegas l h 42 62 66 75 19 30 57 65 16 37 13 37 35 60 25 34 21 38 45 57 74 87 38 45 27 38 los Angeles Miami Beach Minneapolis new Orleans new York Philadelphia Phoenix Pittsburgh Salt Lake City san Francisco san Juan Seattle Louis news update Mideast peace envoy Cairo up president Reagan is planning to Send a special envoy to both Cairo and Jerusalem to consider ways of breaking the deadlock in the palestinian autonomy the Magazine Rose Al Youssef the unnamed the Magazine also will affirm americas commit ment to the full partner role in the peace the envoys Mission in the Region will open the Way for separate visits which egyptian president Anwar Sadat and israeli prime minister Menachem begin will pay to Washington for Summit talks with the Magazine new Tampa Bay Span a a four Lane Bridge will be built to replace the Sunshine Skyway part of which was felled by a ship in an Accident that Cost 35 Bob Graham said the to Cost will be safer for motorists and should require Little maintenance and will be More Beautiful than the Gra Ham a Section of the Skyway southbound Span collapsed into Tampa Bay last May taking 35 people to their when the phosphate freighter Summit venture rammed one of its the new which would be completed in would be 25 feet higher than the old at 175 it would give ships a berth be tween or More than on third More clearance than they have Between the piers of the Skyway remaining barred Story on Sale Alaska a the interview which moral majority Leader Jerry Falwell Doest want to appear in Penthouse Magazine already is on Sale in bookstores in the Anchorage de spite a judges order against who contends the interviews he granted two British writers were obtained under false got a Feder Al judge in to Issue a temporary restraining order but Rich a clerk at the Book said saturday that the March Issue of Penthouse arrived thursday and had been on Sale Ever people have been coming in saying dont you know youre not sup posed to be Selling Kenney but nobody has ordered us to do any Banisadr fights Back Cyprus a president Abolhassan Banisadr of Iran launched another attack on his clerical political opponents accusing them of try ing to impose a new despotism in the speaking in the Southern City of i Banisadr appealed to the people to support him and to resist tendencies to Ward imprisonment and Tor reported the official iranian news without naming his Bani Sadr accused some of trying to discredit the plea to Ecuador Vatican City a Pope John Paul ii sunday disclosed that he had appealed to the highest authorities of Peru and Ecuador for a peaceful Solu Tion of the armed conflict Between the two neighbouring addressing a crowd of Gath ered in Peters Square for his noon the Pope said that in his Appeal he made on Friday he urged ecuadorean and peruvian leaders for a just composition of their controversy through peaceful fighting has flared on the peruvian ecuadorean Border in a territorial Dis March for new schools Rome a More than High school some from the area struck by the 23 demonstrated in Rome demanding new schools and prefabricated the students marched to the Educa Tion ministry we cant study in these we need schools and prefabs Many roman students took part in the demonstration to show their Solidarity with the survivors of the Many of the schools in the vast area of Southern Italy struck by the Earth quake have been closed since the discs some have reopened in tents and in thousands of Home less have been living in the and classes Are Only held a few hours a
