European Stars And Stripes (Newspaper) - March 19, 1988, Darmstadt, Hesse                                Saturday March 19, 19bb the stars and stripes Page 5 official warns of new Market crash Washington a the chairman of a presidential Lask Force that studied the of Tohir sock mar Kcal crash sounded a renewed warning to Congress that the collapse could happen again if no action is taken 10 unify regulation of the nation s financial markets the structural factors thai contributed to inc october decline will come together in the form of a different  former new Jersey sen. Nicholas Brady told the Senate agriculture committee. And. He said the crisis next time could extend to the currency markets or the Clearing and settlement Sis Toms for stocks and financial futures. Brady a Wall Street investment hanker noted a White House proposal to come up with an administration policy on Market Reform within 90 Days but said he prefers faster action. In january Brady s presidential task Force on mar Ket mechanisms called Tor increased regulatory coordination Overstock and Fulfur Markels of three areas Clearing and credit for trades margin requirements and what the task Force called circuit breaker mechanisms which would Hall or Dampen trading during times or crisis. David s. Ruder chairman of the securities and Exchange commission while noting Progress toward in creased coordination told the committee i simply cannot give you Awu Ranics that we have fixed the system. He said his Agency and the commodity futures trading commission which regulates Stock related futures arc still split Over coordination of circuit break ers and of margins which arc the initial Down payment needed by a securities or futures trader to control a particular investment. Ruder said he favors some sort of mechanism for Brief coordinated Market halts of less than a Day that would be imposed to attempt to stimulate buying de Mand during severe Marvel downswing a Etc chairman Wendy Gramm. Making her first congressional appearance since her confirmation us month called thai Only an interesting notion Worth  the Brady task Force recommended thai the Federal Reserve Board take on i he coordinating Mac. An added Power inc fed has rejected. Meanwhile the Sec is pushing to strip responsibility for Stock related futures from the a Etc. Latest bloodshed mutes St. Patrick celebrations by the associated pros America s Irish paraded on St. Patrick s Day but enthusiasm was muted by the awareness of fresh bloodshed in Northern Ireland. The violence it s got to  declared William Burke grand marshal of the Parade up new York s fifth Avenue. You shoot me. 1 shoot you. This can t go on any  across from St. Patrick s Cathedral sin waving protesters demanded great Britain keep out of Irish affairs a Day after three people were killed and 68 wounded by a protestant gunman who it tacked a graveside service for three Irish Republican army members in Belfast. Mayor Raymond a Flynn of Boston said the Root of the violence was the utter despair that British Rule has perpetrated throughout the occupied six counties. What can we expect hut senseless and renewed violence from both communities when the. British government itself Hiis abandoned a code of Law enforcement fora Sti Ooi to kill policy aimed at unarmed Cili icons said Flynn. In an emotional homily before his City s Parade new York s Cardinal John i. O Connor proposed a pilgrimage to Ireland to Pray for peace with Justice. I would like to fee exuberant. 1 would like to f1  o Connor told a Congre gation of about 2,000, i Don t feel that Way today. 1 Don t feel like reviewing a Parade. I suspect Many of you Don t fed like March ing in a  the Parade went on however with o Connor adding heavy Black gloves to his vestments to protect against a blustery wind Oreana ices estimated thai 1.25 Mil lion people crowded fifth Avenue to watch the Parade but police reported Little of the Drunken Row Dinch which has marked past holidays. Christine ruling or 78, was walking up fifth Avenue for to reasons i m waiting for Justice in Northern Ireland. And be cause old age has played a dirty trick on me. I be gotten smaller and 1 can t see from behind the crowd  no. 1 son president Casan joins in the laughter As put Troy owner of Ireland s own pub clowns his Way through tame Irish favor ites during he president s Surprise visit to the bar in Alexandria va., thursday when the Parade was Over patrons of More than 100 bars and restaurants helped the City s homeless when they lifted a Glass to Toast the Irish Patron Saint. Patricia Mcguirt Rock who works in a homeless shelter persuaded inc owners of the establishments to contribute a portion of Hirst. Patrick s Day proceeds to organization that help inc homeless. The nation s highest elected son of ire Reagan who shunted up with columnist James j. Kill Patrick sipped on a Beer did picked up the Check before heading off for inn Thor ciphering hosted by House speaker Jim Wright. Land president Reagan paid a visit loan Irish pub in Alexandria va., sipping Beer and singing along As revellers joined in when Irish eyes arc  in new Haven conn., protests by the National organization for women the a act and other groups were planned outside the All male knights of St. Patrick dinner traditionally a must gathering for politicians More than 200.000 people crowded the sidewalk in downtown Chicago to watch the 40,000 marchers. 50 Loans and 45 bands thai made up the annual Parade. I options of the Chicago River were died Green for the annual Day of revelry. They make much More of it Here than in ire land said Bridgid Donnelly. 1. An Irish citizen living in Chicago. There were few mentions of he Lam in Chicago where Parade organisers so rivet for a Holiday mood. Even the grips were Green As 300.000 people braved unseasonable to decree temperatures to Sec the 164th St. Patrick i Day Parade in Savannah a. It s the Sec Ond largest St. Pal s Parade behind new York s. In new Orleans hundreds of people spent the Day drinking dancing and Cele Brating in the streets around parasol s bar and restaurant in new Orleans Irish Channel. Even some of the neighbourhood dogs sported Green to shirts and siring of Green beads As they circled the crowd. I marched in my first St. Patrick s Day Parade in 1922." said red Jack bums who wore a Green Derby and t Haven t missed one since. I m a years old but i can still find the bars in the  in new Yorito City supreme court jus Tice Antonin Scalia and Lou Hull coach of Noire Dame s fighting Irish football learn were the featured speakers before the Friendly son of St. Patrick. In his Sermon. O Connor accused Irish americans and priests and nuns in partic ular of not eur posing sufficient concern with the troubles in Northern Ireland. Where Are the 40 million Irish Amer cans in this land he asked. Why have they not raised their voices on behalf of the sure cringe and where arc the voices of our priests and nuns he added especially those so Cial activists concerned about latin America and other parts of the world. O Connor suggested a pilgrimage to the Irish Republic to show our concern our continuing sense of Shock. We must do something. To Contr Hutc to the Advance of peace with Justice in Northern  petitions protest renaming of Lake for Strom Thurmond Sands of time Washington a a citizens group upset Over congressional action to rename a Lake after sen. Strom thur mond presented the South Carolina re publican with petitions signed by 42,000 people thursday urging that the original name he restored Bui Thurmond refused to become involved in the controversy after meeting Priva icly for 15 minutes with representatives of the group and with South Carolina legislators supporting the name change to Honor Thurmond. Thurmond declined to answer questions referring them to i press Secre tary Christopher Simpson. Lie told Ihm he feels the matter is settled and since he did not instigate it or push for it he feels it would be inappropriate for him to get involved now Simp son said. The dispute Over the name of the army corps of engineers built Clarks Mill Lake which straddles the South Carolina Georgia Border began in de Cember. Congress acting quickly and with no Public hearings enacted legis lation changing the name of the Lake dam and Road to Strom Thurmond Roy Giles a Lincoln Lon. Cla. Restau rant owner and one of the leaders of the citizens group said the petitions propose a Compromise that would restore the name of the Lake to clark5 Hill but would retain the new Strom Thurmond name for the dam and Road. In the stars and stripes 40 years ago today. March 19. 1948 the soviet Union and the nations within its sphere of influence announced they would participate in the United nations conference on Freedom of information in Geneva later that month. 30 years ago today March 19, 1958 West German defense minister fran Josef Strauss said he believed the North Atlantic treaty organization s medium Range rockets would not be based in West Germany. 20 years ago today. March 19. 1968 the supreme court made Access to Public  far Blacks easier by ruling that proprietors who discriminated would have to pay lawyers fees if Blacks took their cases to court and won. 10 years ago today. March 19, 1978 in what could have been France s worst ecological disaster 011 from the shipwrecked supertanker Amoco Radii fouled More than 40 Miles of Brittany s coastline