European Stars And Stripes (Newspaper) - March 15, 1989, Darmstadt, Hesse Page 6 the stalls and stripes wednesday. March 15,1689 stateside Bennett plans major assault on drug trafficking in . Is 3%to5% in april general tire to raise by the los an Joeles times Washington data or William j. Bennett announced plans monday to launch an emergency offensive against narcotics trafficking in the i Ulrici of Columbia Hife drag related crime has the nation s murder capital. The inmate unrated hours after Bennett look office will officially designate Washington As the nation s tint High drug trafficking giving Bennett emergency Powers to marshal Federal Money and Man Power against inc drug Trade in the City the plan signals the Onset of a new Federal role in combating Street crime with the government stepping into areas in whih local authorities Hac previously been left to their own devices. Among the options under consideration by Bennett the goals. Bennett Sard will include Clearing and securing the Bank earnings hit record in 88 p us bails Cord s2s.2 billion Tail year inc govern Mem said Mon Day but 3 lop regulator chided he Industry for passing on More than half the profits to stockholders and advised Banks to adopt a More conservative approach. Federal Deposit insurance corp chairman l. Wil Iam Seidman Saij Hank profits for the three months ending Al hit s6.7 billion an All time High. Fri million Mare than he previous record of $5,9billion.scl in inc third Quarter. This is the firm time we have Ever seen consecutive record wiling quarters he said in a speech prepared for delivery to the net York society of securities analysts. The Economy As measured by the Gross National product. Tost on expanded at the fas list Pace in four Tan. And bunks business expanded along Ith it. Also nerd world loan problems which forced wants o acc big losses in ius7, improved somewhat last year. The $25 2 billion for All of 1988 lops the previous hiahof$18,l billion scion 1985. Ironically last year s Bank profits were earned while an All Lime High of 221 Banks failed four fifths of them herein Lii Ehi tev pro Dudne states of Texas. Oklahoma Loui Siana and Colorado Irreas suffering from regional recessions Hanks return on profits a commonly used yardstick, 0 1w Pine Tii last year up from a Raford Low 0 02 percent in 987 and the highest since 1973, when in wasu.k6 percent. Sandman. Whoie Agency insures deposits up tos100,000, chided Bankers for boosting dividends to Stock holders by 2-1 percent to s13 billion. Thai amount represents j2 percent of the Jear s earn Ings. conservative approach would hot provided greater in Pitt Bast to improve i m earnings he said thirty Banks hate faded his year compared with 44 during inc same pc nod tast year the Good news is thai we set i ewer Bank failures in 1989 and Bej Onti scid mansard. The record rate of failure in 1988 caused the Odic to Regis scr a loss for lie first Lime since ii was established in a. The insurance fund shrank from $ 18.1 billion at the end of 987 to near s14 billion Aline end of 1988. The nation s 2,950 saving and Loans Likely will show record losses this year Topping to billion. The de Rel Home loan Bank Board reports Jailer this month on that Industry s performance for 1988. Any new Federal role would require inc approval of other Cabinet officers and Bennett said he had not Yul decided exactly which actions of recommend. Bui he made Clear thai president Bush had Given his assent to the plan s outline and he described the initiative As a test Case that could be repealed elsewhere. Washington was chosen As inc first local front in the administration offensive because the drug problem is As bad As ii can get Bennett said. With the District of Columbia s poorest neighbor hoods ravaged by the use of crack cocaine inc number of homicides has soared claiming 107 lives in 1989,double the record Pace of Ibe previous year. In a 914 hour period last weekend four persons were fatally Shol and five were injured m drug related attacks. Such explosions of violence have raised inc City s per capita murder rate to the highest in the nation surpassing even Miami and Detroit police who Are already on emergency fooling said most of the killings Are drug related dealers battling for turf buyers lighting with Sellers and addicts seek ing Money to feed expensive habits. Pony express i ony Riih if Fulton 9, Ici Surcy mate her dryer a Vittery rounds in Hingham mass. She slut to the mounted deliver sen ice in december. Cleveland up _ general tire became the k cell arc Manu a lurch to raise prices monday wit the Akron based company citing increasing raw Mote rial costs for increases of percent 10 s percent. The increases effective april i. Will be for various us neral Brand replacement tires shipped to inc pc Flent dealers and company cd cd stores across inc country. Tires for passenger and off Road vehicles Lidahl and medium trucks farm vehicles and Industrial Chi cles will All Cost More. Uniroyal Goodrich tire co. Raised prices 3 Parent March i and on feb. 2, Price increases were announced for Goodyear. Dunlop Pirelli Armstrong Denman Toyo and Mohawk lires. Firms inc tire & rubber co. Is one of the few major Are producers that has pc to join the round of Price increases. Member of skydiver club Falls to his death in Maine Lebanon Maine a a skydiver who jumped out of an air plane with three fellow parachutists fell to his Dalh in an Accident being investigated by the fed eral a a Jason administration offi dals said. The body of Robert Swei 43, of Salem n.h., was found n Woods near this southwestern Maine Tow close to the new Hampshire Border a couple of hours after inc jump said Warden Mork Warren of the Maine Depan Mcnol of Inland fisheries and wildlife As far As we can determine now ii appears As if the Chute did t open properly Warren said. A a Region Al duty officer Claudio Gualt Sard from burlingtonmass., that the cause had not been determined. 4 parishes considering sacrificial giving project Smithr eld. . Api four roman Catholic parishes May Start a Pilot project to encourage sacrificial _ Ray my Simitar to the practice of tithing because parishioners Aren t giving no Imp to allow Church employees to gel raises a Church Aff Ciai said. Bishop Louis and the diocese s Council of in Sis arc considering a proposal to encourage a sacrificial giving program in four parishes that would be modelled on the tithing practice said lie Rev William 3. Mccaffrey vicar for planning and finance of the to Csc of i Rov Idem cd the average parishioner puts roughly 1,1 percent of jays or her Lale Home pay in the Coj Lection Plale me Caffrey said at a conference for religious education teachers. As a result the diocese has been unable to raise salaries for parochial school Rachers and other work ers 10 keep up with Public school salaries in inc past three cars he . Difronzo expected a to head Chicago Syndicate Chicago a John no nose Difronzo i expected to be the next chief of inc crime Syndicate in Chicago following the death of reputed crime Boss Joseph of cola published reports have said. Ferriola died at Mcl Leodist Lio Spillin he was a patient of adj known Hearl specialist or Michael do Bakcsy Hospital spokeswoman Cindy Lea said. The reputed cnut Boss had undergone two heart transplants in the last . The Chicago Sun times reported the Chicago Tribune cited unidentified official sources As saying Difronzo the owner of a West Side Aulo Dealership was exported k succeed pc Rriola As top Boss. The Sun times carried a similar report. The Sun times said Difronzo gained his nickname in l?49 when policeman caught him break ing into a women s apparel store and shot off part of his nose. Auto slump steered february retail sales Down 0.4% washing on a a Trail Salt dropped 0,4 percent in february the big Neil decline in almost a year As business Ilo cd til car dealerships the govern ment reported tuesday. The Commerce department said sales fell to a seasonally adjusted �1382 Bil lion last month Afler rising a Strong 0.7 per cell in january when business was aided by unusual mild Winter Walher the Concra Rale Wai held bad. Bya 1,7 per cell drop in automotive sales last month inc second straight decline in that category car sales dropped 1.7 percent in Jan uary and were virtually unchanged december excluding autos which account Tor Al most one fourth of the retail total sales edged Down 0.1 percent last month after rising 1 4 percent in january. The size of february s Overall drop in sales last was matched by a 0,4 per cell drop in april 19s8. The last time then was a bigger drop was in october 1987, when sales plunged 0.9 percent Many analysis eur pct a slowdown in consumer spending thit year As rising in Jerk so rates Start to Lake their toll Al though few economists had Anik Ipa cd a drop in safes for february. For a year inc Federal Reserve Board has been nudging inn rest rates upward in an Effort to Dampen economic growth an thus restrain inflation in the key category of department and other general merchandise stores sales fell percent to a seasonally adjusted $10.3 billion last month following a percent Rise i
