European Stars And Stripes (Newspaper) - April 25, 1987, Darmstadt, Hesse The stars and stripes saturday april �5, j9b7bankamerica s finances tied to Brazil s san Francisco up Brazil is looming As inc single most important Factor in Bank America s Hopes to return id fiscal health after suffering millions of dollars in losses in 1986. That country s decision to suspend payments on two third of its massive 1108 billion foreign debt has caused Ripples of worry among . Banks such As Citicorp Wells Fargo and Bank am Rica whose first Quarter financial reports re can l by have shown the Strain. The Quarter would have been a Nice Quarter had it no been for Brazil said Joseph arsenic an analyst who follows Bank America for the securities firm of birr Wilson in san Francisco. The Bra Zilian development occurs at a very poor Lime in Banka Nurica s corporate Evo for ban America Brazil s debt woe also renew the debate Over which strategy it will pursue As the nation s second biggest banking company Aims at its goal of becoming the West coast s major banker while continuing to provide financial service to overseas commercial clients. There were two strategies thai were available to the Bank says Mansoor Zakaria president of my group in san Francisco a consulting firm one was to go after former flan America chief executive Sam Armacost s vision of a Premier global financial services organization and he other one is what current Bank America chairman Clausen has effectively done which is to say Well be a very Strong regional Bank " with tics to the International Community. Analysts were tentatively optimistic As Bank America thursday reported a $67 million increase in net income in the first three months of 1987, or 34 cents a share although earnings were up from the $63 million or 31 cents a share earned in the first Quarter of last year Baniameri is lost $54 million in pretax income after placing More than $2 billion in brazilian and ecuadorian Loans on a non accrual basis. Ban America also earned $143 million before taxes by kiting its Profita ble Charles Schwab a co. Discount brokerage and a British mortgage ranking unit. Along with an accounting change thai netted the company j3j million and a s12 million expense for office space in plans to vacate inc numbers added tip to a picture that one analyst called inconclusive at Best. Vou can t Call it a turnaround Zakaria said because there arc enough offsetting things and one time gains and All which do not Tell me that me under lying health of the Quality of the portfolio is enough to generate repeated earn they would appear to be on the right track. But he Devil is in the details ban America s vice chairman and chief financial officer Frank Newman emphasized the Bank Progress in track ing the Quality of in Loans and in cutting expenses citing 2,000 jobs pared from the company payroll in the first three months of this year mostly in Banka me Rica s overseas operations. Bank failures alleged torturer murderer Heidnik denied bail pending Forroi gement Philadelphia a judge thursday ordered Gary Heidnik held without bail Pend ing trial on charges he murdered two women and tortured and raped four others in the base ment of his Home. Municipal judge Charles Margiotti set arraignment for May 14, and Heidnik s lawyer a. Charles Crulo jr., said his client will plead innocent by reason of insanity. In testimony during acid Nik s preliminary hearing Fri Day a woman who led police to a basement Dungeon where authorities say he Immik killed Tor tured and raped women said she had other opportunities to escape but was too afraid to try. I feared for my safely and the safety of the other girls said Jose Fra Rivera who police said look them to Heidnik s North Philadelphia House where they found three half naked chained in the basement March 25. Gary said he d kill them if i Rivera said she was aware of the deaths of two women in the base ment since her abduction before last thanksgiving. She also described How Heidnik a self styled minister assaulted and raped the shackled women almost daily. During her testimony several women in inc City Hall courtroom began weeping and were led outside. Rivera said her ordeal at Heidnik s Home began when we went upstairs end had sen afterwards he started choking me and then he handcuffed me and then he took me to the basement and shackled Tny Ankles with Muffler clamps to a sewer pipe she testified. Before she finally ran away from Heidnik s car on March 24, five other women were taken to the basement Dungeon and chained she said. Two of them died she said. They were Sandra Lindsay 24, and Deborah Dud Ley 23. Rivera said Lindsay died while hanging by one Arm to the ceiling of the basement. He Heidnik told us that he thought Sandra had choked on a piece of bread Rivera said. She said Heidnik look the body away and 1 heard a motor saw running and when he came Back his clothes were smelling of burning when Heidnik was arrested police found body parts in there Zerof his Kitchen. Concerning Dudley Rivera testified that Heidnik applied a hot wire to Debbie s Chain and Debbie slopped she test i find that sometime Early in March she drove with Heidnik to new Jersey where they dumped Dudley s body. She said she signed a letter indicating she killed Dudley and Heidnik began 10 Trust her and took her out occasionally and even let her drive his car alone. Following Heidnik s arrest Rivera Ted authorities to Dudley s body in a Remote area of Wharton slate for est in Southern new Jersey. Views on medical leaves clash May add stateside 3-Pound poisonous toads multiplying in Florida Tampa. Fla a three Pound toads that secrete a Poison powerful enough to kill animals arc multiplying in Central Florida North of their usual habitat biologists say. The Bufo Marinus toads which can grow As Long As 12 inches arc native to South America and arc com Mon in South Florida. They were introduced there in inc 1930s in an attempt to control pests in the Region s vast sugarcane Fields. Glands near their eyes contain a Poison which can kill animals including dogs and cats that ingest the fluid while trying to cat the toads. They re ferocious predators said Henry Mushinsky a biologist at the University of South Florida in Tampa. They la eat other frogs lizards even Small mice and maybe Small woman has close Call with Bobcat she ran Over bol1nas, Calif. Up a woman was startled by the growling return to life of a 25-Pound Bobcat she thought she had killed with her car then tossed into the Back of the vehicle for its Pelt. If he had t had a Pelvic fracture he would have torn her apart veterinarian Ray do incr said. The woman showed up at his front door shortly before Midnight and asked him to remove the snarling animal from the Back Seal of her car. She had thought the Bobcat was dead when she Acci dentally ran Over it and decided to take the carcass Home for its fur. Do itch and or. Russ Gurevitch of Peta Lidjia spent nearly eight hours repairing the cat s hip. Which was shattered in eight pieces. If it recovers they plan to release it at Point Reyes National seashore. Boys clubs of America to name Washington a a business group s claim that unpaid family and medical leaves would Cost employers and the Economy nearly $24 billion a year is skewed by inflated estimates of the number and length of leaves workers will take a congressional Agency says. The . Chamber of Commerce used a variety of unrealistic assumptions in coming to its conclusion that such leaves would Cost s23.8 billion a year said William j. Gainer associate director of human re sources for the general accounting office. Testifying before a Senate panel thursday on preliminary findings gainer said Gao the investigative Branch of Congress believes the number of people taking leaves to care for new children would be about half that assumed by the chamber. The Agency has concluded potential work toss would Only be about 28 percent of the chamber projection for parents taking care of sick children and about 25 per cent of the chamber estimate for ailing employees who Lake medical leaves for themselves he said. Gao is conducting a study based on National Statis tics and will have its Cost estimate ready in september gainer said adding that the Agency May even conclude that businesses would realize a net savings because of improved morale reduced turnover and higher productivity. Sen. Christopher Rodj d-conn., has introduce a Bill that would allow up to 18 weeks of unpaid Job protected leave upon the birth adoption or serious illness of a child. All workers also would be entitled so 26 weeks of unpaid leave if they became seriously ill. Companies with fewer than is employees accounting for 80 percent of . Businesses and about 25 percent of workers would be exempt. A similar Bill in the House has 100 co sponsors. New York a the boys clubs of America could undergo a name change in Honor of the 300,000 girls who Are members leaders have announced. The proposed name change to boys & Girts clubs of America has been distributed to local club govern ing boards the organization said. Their first Opportunity to discuss inc proposal will be during the group s National conference which was to begin Friday in new York. An open hearing was to be held saturday. The National organization will continue its policy of letting local affiliates determine whether to admit girls. The clubs serve 1.28 million youngsters. Eighty per cent provide services to girls. 60 percent permit membership by girls and 33 percent already Are known As boys & girls clubs. The group s National Council will Vole on the pro posed name change at a 1988 conference in Orlando fix
