European Stars And Stripes (Newspaper) - December 13, 1985, Darmstadt, Hesse Inside stripes fun in Majorca stripes Magazine d Aquino Laurel to run As team Page 2 Foj recruiters met 85 goals Page 6 d part ii suicide in the military pages 8,9 the stars andstripesn$feu5x vol. 44, no. 239 authorized unofficial publication f0 Friday december 13, 1985 8693 a debt reduction Bill okd House foils tax legislation Washington a Congress gave final approval wednesday night to a novel Bill designed to wipe out the nation s $200 billion deficit by 1991. But a rebel Lious House sidetracked far reaching tax overhaul legislation forcing president Rea Gan to scramble in a bid to resurrect his top Domestic priority of the year. With Congress struggling to wrap up its work for the year the House met late into the evening before adopting the landmark budget balancing plan on a vote of 271-154. The Senate gave its assent earlier 61-31, rejecting allegations that the Bill was in thinking unnecessary unwarranted and perhaps despite the criticism. Senate majority Leader Robert Dole. R-kan., said we made history of some kind. Well see How it works next the plan attached to an urgently needed measure raising the debt limit above $2 trillion requires cuts of is 1.7 billion in de sense and Domestic programs Tarsy next year As a Down payment on the deficit. The White House said Reagan would sign the measure first thing in the morn with his Assurance the Treasury and the Federal Reserve will be Able to continue Normal financial operations without interruption White House spokeswoman Denny Brisley Slid. In the House the 223-202 vote to bottle up sweeping changes in the lax Laws was see debt on Page 24 Wall Street booms Dow Breaks 7,500 new York up the Slock mar Ket smashed through records in the fifth heaviest volume Day in history wednesday As anticipation of lower interest rates smaller budget deficits and cheaper fuel whetted investors appetite for stocks. See Pago 23 for list of actives Dow Jones and selected Slock results for the first time the Dow Jones Industrial ave rugs finished above 1.51 0. Closing at 1,511.70, a gain of 12.50 Points. The Blue in other business news Chip Index breached the 1,500 level in mid session last the largest civil damage award in . History was upheld by a judge in Houston who agreed that Texaco should pay Pennzoil co. $10.53 by icon for using unethical tactics to break up a merger Between Pennzoil and Getty Oil co. Records. The new York Slock Exchange climbed 1.08 to 118.80, past its previous re cordon ii7.7u. Standard and poor s 500-Stock Index advanced 1.92 to 206.31, surpassing its previous High of 204.39. The Price of an average share jumped 34 cents. Composite volume of is sues on All . Cd changes and Over the counter at 4 . List was 208.335,400 shares compared with 180,947.000 thursday but was Caal a imn Hli in Holh he .".,.r Bojc announced wednesday night thai go has agreed to buy Ria for $6.28 billion in Cash which would be the biggest non Oil Industry acquisition Ever in the United slates Page 5 National football league owners agreed unanimously not to consider any merger with the United Stales football league any potential settlement of the Usel s $1.3 billion lawsuit against the nil Page 22 to gain. The set a record close everyday this week. Big Board vol ume expanded to 178,470,000 shares from 156,500,000 tuesday. The Outlook for cheaper fuel inspired a record breaking performance for the Dow transportation average. The Index soared 11.35 to 715.12, out distancing its previous record set a week ago of 709.62. Advancing issues trounced dec liners 1,140-576 among the 2,080 issues traded. Broader Market indicators also broke traded tuesday. Analysts said a Strong Bond mar Ket expected con of a plan to balance the Federal budget by 1991 and anticipation of lower Energy costs All were responsible. Sever Al investment firm buying programs triggered by wid ening premiums on Stock Index futures contracts and underlying equities provided the catalyst for the surge they said. Texaco was the most Active de Issue falling about 2w to 28 i. Ria was the second up to i to 63 Wicks cos. Led the Macx actives add Ingvi to 4i. A photo Send soviet emigre Vladimir ing unconsciousness. A Hospital in Hamel hem 1-Eonlev Back to France Acca an london2m a soviet emigre who has Asp cd police questioning by lying in Ajjie Lipitan bed with his eyes shut for Al Mojsl Nrec weeks will be sent Home to Frt Oft by ambulance a frustrated said wednesday. 43-year-old Man identified by As Vladimir Leonteva has been named the red in bed and the sleeping russian by Nush newspapers which say he has by known to sneak food left for him who rfcs arc not looking. Police said he was Hospital Obi for two Days of observation after a Ronac i Dent nov. 16. When police later him to court to face a traffic Violal see russian on Page 2 Post office super fast with first contest entries Apo just one Day after the tint ballot for the stars and stripes super bowl contest appeared in our sports Sec Kim the mailman dropped More than 200 entries Oak sports desk. Despite the Christmas ru$hmm"wv7topes zipped in from Neu Worms he Hilary communities All Over Germany the first ballot re of he co 130lh Ade somehow wound up at our Apo shortly after 8 a.m., several hours ahead of the Day s regular Nuvil delivery. You can bet the Apo s delivery from throughout Europe will continue because the Winner of this contest Page entry ballot. By the i itt my Celo Send your entries in separate envelopes Pfar Mem Fijn. no postage is necessary if you i just write maps where the stamp would North placed
