European Stars And Stripes (Newspaper) - June 22, 1988, Darmstadt, Hesse                                Page 4 the stars and stripes wednesday june 22,19b8 a is rack up record i St Quarter losses Washington a the nation s savings institutions lost a record $3.8 Bil lion in the lint three months of his year More than half the loss for All at i9e7, the Federal Home loan Bank Board said tuesday. Big losses in three southwestern slate pushed Overall Industry losses Over the previous quarterly record of s3.2 billion set in the last Quarter of 1987, despite a Rise in the percentage of profitable institutions from 65 percent to 69 percent. The Bank Board said the 20 institutions with the worst losses most of them in Texas accounted for 13 billion. A Tola or 2,164 institutions out of 3,118 had earnings of $1.3 billion. Bui that was overwhelmed by the losses of the other savings and Loans. Last year the Thrift Industry had its worst year since the great depression losing 16.8 billion. Despite regulators efforts to shut Down or bail out sick a is the flow Fred Ink has continued this year. The Bank Board said earlier this month thai capital declined about another 15 to Mil lion in april. The scope of the Industry s losses i becoming increasingly critical As Regula tors and Congress iry to determine How Long the Federal savings and loan insurance corp., which insures savings depos its of too Ono or less can continue operating without an infusion of More Money. The Bank Board s chairman m. Danny Wall said the $20 billion the Suc will have Over the next three years is As much Ashe Agency can reasonably spend and it is Loo soon to Tell if More will be needed. How Ever the general accounting office con Gress auditing Agency estimates it will Cost about $35 billion to resolve the cases of themore than 500 insolvent institutions. In Valc analysts put the Price tag Al $50 billion folic faunal saving mid loan Tou Ranoa corp. Fund balance t brings and Toons t in number of institutions r-n11 ass i 1980 81 82 83 84 85 86 87 19bo -81 02 b3 84 85 86 67 Chicago Tribune graphic sources . General accounting Coffta More Schooch Dren in . Now say look a no cavities Washington a almost half of Ameri can schoolchildren have never experienced 1 single tooth cavity and the rest tie showing a significant decline in dentil decay according to study released tuesday by the National Institute of dental re search the study which involved dental examinations of Ghoul 40,000 schoolchildren aged 5 to 17 Cosmo coast showed that 49.9 percent had Leech with no decay. And among the others Institute officials said decayed tooth surfaces hid declined by 35 la 36 per cent. Or. James p. Carlos chief of the Institute s epidemiology Branch in suburban Fie Thesda md., said that decay Between the Leech which is the most dim cult to treat has practically been  speaking of tooth decay Carlos said this Dis ease which once was probably the most chronic Dis ease of childhood is being decreased very fast. Ii is declining 35 to 36 percent every seven years and now half of the children in be country have never even experienced Denul  Carlos attributed the decline in tooth decay to the increasingly widespread use of fluoride in the nation s water Supply in toothpaste and in mouthwash. He said that american children also Are receiving a High level of enl care As evidenced by the Survey findings that More than 82 percent or the tooth sur faces that have decayed had been filled when exam ined for the study. He also said that Only -1,3 percent of the children showed missing Teeth indicating that More and More children Are keeping in str  Carlos said that he expects the trend to continue although a Complete eradication of decay is probably not  successive groups of children move through they seem to have less and less decay said Carlos. Icahn loses shareholder proxy Battle against management of Texaco new York a Carl c. Icahn conceded he lost the Bat the for five seats on Texaco s Board after a new York invest ment firm revealed monday that it voted its key stake in favor of the Oil giant s manage ment. Icahn had said he consid ered the 12 million Voles cast by Kohlberg Kravis Roberts & co. To be the key Block in the critical proxy contest atthe Texaco stockholders meeting Friday. As i stated after the annual meeting i believed that the vote was very close and that kor would be the swing Ole Icahn said in a statement. I did what i believed should be done in wag ing this proxy contest and fought As hard As i  several Large institutional investors had said previously that d in favor of icy too vote management. Icahn whose 14.9 percent slake makes him Texa co s largest shareholder sought the Board seats As � lever to pressure Texaco management Inlo letting shareholders vote on his proposal to buy the company for $60 a share a bid thai values the company at 114.6 billion. Icahn had no comment on whether he would Contin Carl Icahn be to pursue his takeover bid for Texaco or sell his shares. Analysts estimated he could make a profit of nearly half a billion Dol Lars by Selling. A Texaco spokesman would say Only thai the company was gratified that Kohlberg Kravis has voted its proxy in favor of management the actual outcome of the balloting is not expected to be known for several weeks be cause it will Lake that Long to sort out and count to of votes rep resenting 24 j million shares. In composite trading on the new York Stock Exchange Tex Aco fell $i.l2vi a share to close ath6.s7w, following Friday s drop of $1.50 a share. It was the most actively Trade Issue with More than 2.6 million shares changing hands. Neil Call a spokesman for Icahn said Icahn was evaluating his options including whether to hold the shares sell go for a hostile offer or look for a partner Icahn previously had said he would sell his shares if he lost the proxy Battle but in the Days before the annual meeting he also raised the possibility he might launch a hostile tender offer for Texaco. The Ball s in Texaco i court if they want a Dis Cussion Call said. Up Pnno Reagan backs stronger Laws on fair housing Washington a president Reagan has Given his support to Compromise legislation to strengthen enforcement of ant discrimination Laws in housing a Republican Leader said tuesday. Rep. Robert h. Michel Roll the House minority Leader said tuesday that Reagan told him by Tele phone from the Toronto economic Summit thai he believes the a recent Between congressional liberals and conservatives As Well As civil rights groups and real estate agents preserves the constitutional right 10jury trials and he Hopes the Congress will move quickly on the legislation to strengthen fair housing  Michel made his comments at a news conference attended by congressional leaders the leadership con Ference on civil rights and the National association of real tons. The House should Lake up the fair housing legis lation either wednesday afternoon or thursday. The Senate also is expected to act quickly after the House approves the measure. The House judiciary committee on april 27 approved legislation which would authorize the depart ment of housing and Urban development Oleyy lines and Issue injunctions against people who discriminate in the rental or Sale of housing. Under current Law Hud can play Only a conciliatory role attempting to mediate housing disputes. Enforcement of the Law depends on private individuals who can take a discrimination Case to court and on the Justice department which has authority to prosecute if there is evidence of a patient or practice of hous ing discrimination. The Bill sets up a new system of administrative Law judges who would hear cases of alleged housing discrimination. If a party were dissatisfied with the Deci Sion he or she then could go to Federal court the Reagan administration and the real estate agents contended that the process was constitutionally flawed because it would subject a defendant to fines without Benefit of a jury trial As required under the Constitution s 7th amendment. The Compromise to come As an amendment pro posed by rep. Hamilton fish jr., r-n.y., will provide that any party charged with housing discrimination can elect to have the accusation litigated in Federal court. If no such election is made the Case will be handled by the administrative process. Rep. Don Edwards d-calif., chairman of the House judiciary civil and constitutional rights subcommittee said we believe the Bill will do the Job of putting Teeth into fair housing Law. Besides putting Teeth into fair housing taws it provides anti  Protection to individuals with handicaps and to families with children Edwards told the news conference. These new classes need Protection As our Long study of the matter has clearly pointed out. These provisions Are an essential part of the  Nestor r. Weigand jr., president of the real estate association said the Compromise was a Milestone ill the history of fair housing legislation