European Stars And Stripes (Newspaper) - June 28, 1988, Darmstadt, Hesse Page 4 the stars and stripes tuesday june 28,1988 Senate oks Bill giving 4% pay hike to civilian government employees Washington up the Senate voted 81 4 monday for a nearly �16 billion appropriations Bill that provides a 4 percent pay raise for All civilian government employees except members of Congress. The Bill specifying fiscal year 89, also suspends the final award of a non competitive contract the postal service granted to computer services Busi Nessman h. Ross Perot of Dallas an agreement sen. Paul Simon d-lll., said could let the billionaire walk off with unpaid the Bill for he Treasury department the postal service and minor agencies appropriates si5,92 Bil lion 1246 million below president Reagan s re quest and $196 million below the level approved by the House. The conflict in spending and other matters Mustbe settled in a joint meeting Between Senate and House members. The Bill requires a pay increase of 4 percent for civilian employees with the sweption of members of Congress but provides no Money to pay for it. A proposed 4,1 percent pay hike for the military is covered in a defense department Bill. Many agencies already Hail a pay increase of 2 sen. David Pryor d-ark., amended the Bill to restrict the rising costs of consultant fees but failed to Block an Effort to use any savings for the pay increase. Under the Bill the postal service is to Recd ej436 million in subsidies Reagan did not request. The Bill also ban the postal service from going ahead with a potentially lucrative sole source con tract with Perot to streamline non labor activities of the postal service cities Given wide Power to ban picketing of Homes Washington v0-tt fifth thnh Luli irl in t ,.__.-1 j i us . Tii 1 vat " " -wmiiilupm.1 pfc. Mv., -1hf pvn. Uma Al, a vim in we imposes with the shirt he wore to race and attorney general Edwin y 10 Melesc says of Survey s shirt caper he in0_ Taloff if an tha Insaf Ndoc in.1 june 10 when he has denied entry Lothe Justice department in washing Uke Ilas the joke it was meant to be.1 Sec charges analyst with insider trading Washington a the Securi ties and Exchange commission monday charged an analyst with Morgan Stanley group inc. With profiling from inside information in what an Sec official called the second biggest insider trading Case the Agency has Ever handled. The Sec filed a civil complaint against Stephen Wang jr., an analyst in Morgan Stanley s mergers and acquisitions department. The complain asked inc Federal Courtin new York to order inc return of $19 million in alleged trading profits plus triple hat amount in damages. Gary Lynch the secs enforcement chief said the Case is dwarfed Only by a Case brought in late 19w against Ivan Brocsky. Also named in the complaint was Fred c. Lee a Hong Kong businessman who allegedly traded on the information sup plied by Wang. Wang had been with Morgan Stanley for two years and had been in the Merg ers and acquisition division for one year Lynch said. Over the course of the last year we allege that he funny cd information toured Lee who then traded on that information Lynch said. Investigators alleged in inc complaint that Lee had attempted to move Money out of the United slates and for that reason funds in Bank accounts should be Frozen. Lynch said that investigators Are Alleg ing that the trading on inside information involved Slock in about 25 different companies including . Mutton Stop & shop and Utah Power & Light. The Sec complaint against Boesky was filed in november 1986. Boesky paid the Sec a record 1100 million to Settle civil charges that he traded Stock on the basis of insider information pro Vidd to him by Dennis b. Levine a for Mer investment banker at Drexel bum Ham Lambert inc. Both Boesky and Levine Are serving sentences in minimum Security Federal prisons. The Sec complaint against Wang Andlee who is a Taiwan citizen comes after a House investigating committee charged earlier in the month thai the Sec was no doing enough to pursue insider Trad ing by foreigners. Reagan signs Bill severely limiting employers use of lie detectors Washington Cap president Reagan monday signed legislation that for the most pan prohibits the use Oliie Detector tests by private employers. Reagan signed the Bill without fanfare As the White House press office simply issued a release noting his signature on the measure. Congress had approved the legislation to protect Job seekers from inappropriate use of polygraph exams by companies. Labor Secretary Ann Dore Mclaughtin had said she would ask Reagan cosign the legislation. The Senate had passed a Compromise version of a House passed Bill that would prohibit Mast polygraph tests. The final version of inc legislation approved by House Senate negotiators in May would prohibit most private sector employers from requiring their workers or Job applicants to take lie Detector tests. Exceptions would be made for drug companies and those providing Security assistance
