European Stars And Stripes (Newspaper) - February 6, 1989, Darmstadt, Hesse                                Page 4 the stars and stripes monday february 6,1989 Likely features of so Rescue plan outlined Washington a president Bush in t talk ing publicly about his plan to resolve the savings an loan crisis but members of Congress and Industry officials say they have a pretty Good idea of what it s Likely to include. Bush met saturday at Camp David md., with to advisers to go Over their recommendations. He plans to reveal his decisions before thursday when he delivers a nationally televised speech to Congress. Industry officials and members of Congress who have spoken with the Treasury department predict the plan will feature these elements borrowing in the form of Bonds of up to $90billion Over the next several years. Congress general accounting office recommends spending $85 billion Over three years. A mixture of income sources including taxpayer dollars and insurance premiums from a is and Banks to pay the $7 billion to $9 billion in interest on the Bonds. An administrative reshuffling that would include separate apparatus to sell off insolvent a is a Reca vitalized insurance fund for healthy a is and a regulatory Agency perhaps under the Treasury depart ment. There has been Little disagreement Over borrowing the so cleanup Money. The much More difficult problem is figuring out How to pay the interest on the Bonds. In the first week of the president s term Treasury Secretary Nicholas Brady touched off a political fire storm by confirming leaks from Congress that the administration was examining a suggestion that depositors in Banks and a is pay a fee of about $2.50 forever $ 1,000 in their accounts. Administration officials have refused to disavow the suggestion but White House aides said Friday they do not expect it to be in the administration s final pack age. Instead the insurance premiums paid by the institutions 83 cents per $1,000 for Banks and $2.08 for a is probably will be increased. Commercial Bankers have vociferously oppose being made to help pay for problems in a competing Industry. They do not want any mingling of their insurance fund the Federal Deposit insurance corp., with the so fund the Federal savings and loan insurance corp. The Odic has had its own problems but they have been less severe. Odic chairman l. William Seidman told Illinois Bankers in Washington on Friday that the fund will report a balance of about $14 billion for the end of 1988, Down from $18.3 billion at the end of 1987. That s flush compared with the folic which is broke. However it represents the first annual decline in Odic reserves since it began operating in 1934. The a sight to give one paws waffles the Dachshund takes one Long look upward at around Midtown new York City on saturday. Maybe Oliver a Central Park Carriage horse out for a turn waffles is negotiating the Price of a ride Home. Science ideas can be far ouf but fun los Angeles a Why do Poison toads at tend a Frog orgy Are you aware there is irrefutable evidence of intelligent life on Mars and if the Moo takes a month to revolve around Earth Why is it seen Over Detroit every night those strange questions and a bizarre variety of theories were contained in several dozen letter received by the nation s science writers and entered in a contest of ideas Galileo never thought  the Northern California science writers association sponsored the contest last month during the an Nual meeting of the american association for the advancement of science held in san Francisco. Science writer James Cornell publications manage rat the Harvard smithsonian Center for astrophysics in Cambridge mass., swept first second and third place with letters that landed on his desk. The winning entry came from a Cambridge woman befuddled by news of mass mating rituals among frogs in Malaysia. What 1 have been wondering is whether All those different kinds of frogs managed to find their own kind of Frog to mate with what with the crowds and confusion and All or whether they got All mixed up which would mean that by now we Are faced with the Specter of Ever new varieties of Weirdo frogs she wrote. Also what were the poisonous toads doing there they re not frogs after All and Why should they even bother showing up at a Frog orgy just because the happen to be amphibious and hop Detroit free press science writer Nancy Ross Flani Gan got an ungrammatical letter from a Man who did t know the Earth rotates As the Moon orbits it. The Moon is supposed to travel around the earthen a month time. Then what is this Moon that revolve around the City of Detroit every Day to every other Day and what is it doing he asked. In another letter to Cornell a Cincinnati Man asserted his 12-year study of Mars photographs resulted in irrefutable evidence of a civilized society of Intelli gent beings on the red  Cornell said the writers of such letters Are harm less. They just have a skewed View of what the world is. I would t want anyone to make fun of them. They Are simply attempting to establish their own ver Sion of scientific  Charlie Petit a san Francisco chronicle science writer got a letter from a Man who theorized that continents formed and life on Earth started when Amoon named Sasoon hit the planet. Fund paid to close or merge 217 failed Banks last year. At $ 14 billion the Odic now has reserves represent ing 0.8 percent of the deposits it insures. Seidman told the Bankers the ratio should be boosted to 1.25 per cent roughly a $7 billion increase. Another financing problem is How to sell the Bond without inflating the government s $2.7 trillion nation Al debt. A Way around that is to Coyer the principal of Zero Coupon Bonds with several billion dollars in retained earnings at the regional Federal Home loan Banks which Are owned by the Industry. That Way Only the annual interest paid on the Bonds would be  one bailout Model for mixing taxpayer and Industry resources is the Rescue of the farm credit , too involved Selling Bonds in this Case with a 15-year term. The Treasury pays the interest for the first five years. In the second five taxpayers and the Industry each pay half. After that the Industry pays Italy. As an interim step the administration is considering shifting control of the 350 insolvent a is still in operation from the folic 19 the Odic which has a Large Rand More experienced liquidation staff according to a published report. In addition to raising Money the president s a plan is expected to recommend changes designed to prevent the problem from cropping up again. Report blames hate crimes on skinheads Montgomery Ala. A Young skinhead revived the White supremacist movement in America last year according to a report documenting  not since the height of Kun jux klan activity during the civil rights Era has there been a White supremacist group so obsessed with violence or so Reck less in its disregard for the Law says the report by klan watch which monitors White supremacist activities nationwide for the Southern poverty Law Center. The report being issued monday by klan watch director Pat Clark says skinheads have been linked to murders in Portland Ore. San Jose Calif. And Las vegas and Reno Nev. And two thirds of the racial assaults documented by klan watch in 1988. In the slayings in Portland and Reno Black me were murdered by skinheads who apparently picked their victims at random the report says. In san Jose the report says a White Man was fatally stabbed when he attempted to step Between a skinhead and a Black Man at a party after the skinhead began making racial slurs and calling on bystanders to Roget the Black Man. The report says victims of skinhead violence Las year included Blacks homosexuals jews. Asians his panics and indians. Begun As spontaneous teen gangs they Are no being organized into a National network by older White supremacists such As Tom Metzger of the White aryan resistance and Richard Butler of the aryan nations Clark said. Police in Urban areas around the country were con fronted last year with a violent new generation of racists whose weapons include baseball bats and their own heavy steel toed boots and whose crimes ranged from gang beatings to murder she said. The report gives a representative Sample of hat crimes during 1988, including 193 incidents in 35 states. Among those a Black Church in a predominantly White area i Southern Illinois was set afire in april rebuilt by the Community and then burned to the ground in  skinhead was arrested. In Spokane wash., a skinhead was convicted of malicious harassment and attempted murder in a knife attack on a Black Man in july. In new York City neighbourhood youths destroyed the inside of a synagogue in september. The report says Blacks were victims of 56 percent of the hate crimes reported to klan watch in 1988 and jews the victim of 27 percent. The remaining 17 per cent fell into other categories. Clark said statistics in the report Are incomplete since no National data collection system exists. The report also cited a growing College recruitment Campaign by White supremacist groups