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Publication: European Stars and Stripes Friday, March 31, 1989

You are currently viewing page 5 of: European Stars and Stripes Friday, March 31, 1989

   European Stars And Stripes (Newspaper) - March 31, 1989, Darmstadt, Hesse                                The stars and stripes Page 5 junk Bond King Milken indicted new York a junk Bond King Michael r. Milken and two others have been accused in the biggest Federal racketeering and fraud indictment in history and face charges that carry enormous prison terms and unprecedented penalties exceeding Iii billion. The 9b-Touni grand jury indic Mcm wednesday against the Drexel Milken Burnham Lambert inc. Financier his brother Lowell Milken and Farmer a Rcpt cd Irader Bruce Lee Newburg was the Barbara hush mrs. Bush has disease of thyroid by the Washington pos Washington Barbara Bush revealed in a White House luncheon with reporters wednesday she is being treated for a recently diagnosed thyroid Condi lion known As Graves disease which has caused an it Pound weight loss in the past few months responding to a question about he weight the fir is lady said she was talking publicly about her  she is weary of speculation that she was on a diet. She also insisted she fell Fine. " now please Don t have me dying she joked As her guests were leaving. Barbara Bush s remarks during a two hour session ranged from her advice or Lack of in to the president to her views on her adopted City s drug and crime problems. She also dispelled popular misconception that she docs her own hair to Hale to break that myth but you might As Well know the Rulh. 1 have my half  on her illness she said she first suspected something  before the inauguration when lick cacs started bother ing her. Swollen Eves Are a symptom of Graves disease. They looked horrible All puffy. It came on in two months. The   Wishom a warning symptom she. Said "1 might have Gonc Down to a size 6u ,. How can any grown up in America be so dumb As la Mink weight would just fall off Afler tests Al Waller Reed army med ical Center in Washington and the naval medical card in inc Thesda md., she was diagnosed last week and put on med  White House wednesday released an advisory saving that she was taking a drug called . Which blocks the excess production of thyroid Hor Mones wednesday s meeting was the third such round table she has had with re porters but the first lunch in inc traditionally private family quarters. Mrs. Bush talked at length about liter Acy and education. Whether the problems aids or poverty or  the first lady said she believes Reading and better education can help alleviate it.  she was  to dwell on the problems of the City which has been her Home for 20 cars she said every body in Washington is ready. I think they arc ready to clean up  Why not pick the nation s capital Given her Public statement in february supporting a ban on the ak-47 assault weapon she was asked whether she had anything to do with president s recent shift on the matter. Her response absolutely nothing most sensational event yet from the explosive Ivan Brocsky insider trading investigation that has rocked Wall Street for More than two years. The scandal already has resulted in More than a dozen serious cases and a agreement to plead guilty to fraud charges by Drexel the fifth largest securities firm in the United states. All three defendants who had been expecting to be indicted for months de Nied wrongdoing and said they would plead innocent to what their lawyers called trumped up charge supplied largely on the basis of information from Brocsky the imprisoned Stock Speculator who was among those named Asun indicted co conspirators and has been co operating Wilh the government for lenient treatment. If. Convicted on the racketeering counts alone prosecutors said the defendants face possible forfeiture of 53.7 billion each roughly double their alleged illicit profits. All three face maximum prison sentences of 20 years on each of two racketeering charges. Michael Milken also was charged Winhall of the 96 non rack Clearing counts which include numerous mail wire and securities frauds Lowell Milken was charged with-11 counts and Newburg was charged with 20 counts. Each faces a maximum penalty of five years and at least s2so,000 in fines on each of the non racketeering charges making Michael Milken subject to i24 million in fines and atom i f52p years imprison Cal.  a. H o use i m peach e s ire a s u re r Charleston. . A state treasurer a. James Manchin one of West Virginia s most popular political figures was impeached wednesday for losing 1279 million in state funds through bad investments. The stale House of delegates voted 65-34 to approve 17 articles of impeachment against Manchin who Delegate Stephen Bird called the most popular Man in West  the vote sends the Case to the stat Senate. Senate president Larry Tucker said a the acc or four week trial on the treasurer s removal probably will be held in Laic May. Earlier the House voted 60-39 against a move to censure and publicly reprimand the 61-year-old Democrat a Jcsse rebuke favored by Manchin s supporters. 1 the House did approve she censure of stale auditor Glen gainer for his role in the losses the bulk of which occurred from april to j line of 1987. Manchin an gainer serve with the governor on the state s Board of investments which supervises investments managed by the treasurer Softie. When you consider the leadership of inc House.,. That s behind All of this and How they be been twisting arms and pushing i m not surprised at the outcome of this vote Manchin  have com i tied no  one of Manchin s supporters. Del Egale  Bradley referring to Man Chin s popularity said voters know he s not a financial Genius what they do know is he is a leader.". Bradley said Manchin would fight the attempt to oust  testified during id Days of hearings before the House judiciary committee Hill he knew i talc about investments. He said he was betrayed by subordinates he hired to run the consolidated investment fund that los the $179 million. Negotiations on fighter plane hit Sands of time lies on warrant in the stars and stripes Force dismissal 40 years ago today. Of murder charge la re it1 tit it it Man by the los Angeles times Washngton talks Between the United Stales and Japan Over joint development of the advanced fax fighter aircraft hit a potentially serious Snag. Wednesday for the first Lime casting doubt on when or whether the Deal will go in rough. A High ranking envoy sent by japanese prime minister Noburo Takeshita flew Back to Tokyo after failing to resolve bus administration concerns Over How much of inc aircraft s production . Companies will perform and what kind of technology the two countries will share Japan had hoped to get a . Commit ment to go Forward in Lime forthe japanese government to award the prime contract before the end of Japan s fiscal year Friday. But . Officials said the latest japanese offer fell far Short of what the administration had expected. As a result the negotiations will essentially be in limbo they said. Both japanese and . Officials continued to express optimism that the two countries eventually will conclude an fax Deal. The Bottom line is thai Weill gel there somehow " one Bush administration official said. However some us. Officials con ceded privately the impasse was at least a psychological setback in the negotiations considered an important lest of the ability of the former world War Tlene Mies to cooperate on defense issues. Under the proposed Deal reached inthe final Mon rib of the Reagan administration an Ameaan company. General dynamics would help Japan s Mitsubishi heavy industries develop a new Jap anese Fig mar aircraft the fax based upon the american f-16 fighter bomber. The new talks began when president Bush notified japanese officials a week ago that he wanted significant changes in the agreement negotiated by the Reagan administration. March 31, 1949 chairman Carl Vinson a a of the House armed services committee said president tru Man had Cut the defense budget so Low that National Security was endangered. 30 years ago foe a. March 31, 1959 the United Slatch agreed to deliver Needium Range missiles to Italy the stale department announced but confirmed that the nil Clear warheads would remain under . Control. 20 years ago today. March 31, 1969 israeli Premier Colda Meir rejected a reported . Plan fora United nations conference on the Middle East and appealed for direct Arab israeli negotiations 0 years ago today. March 31, 1979 the nuclear regulatory commission warned thai the three mile Island atomic Power plan near Harrisburg pa., faced inc risk of a meltdown within a Tew Days. Preschool children and pregnant women were advised to leave the area. New economic figures ease inflation fears Washington up the Index of leading economic indicators Felt 0.3percent and new . Home sales plunged 9,4 percent in february the government said wednesday signs that rapid economic growth May be casing along Wilh fears or severe inflation. The decline in the Commerce depart ment s Indin which foreshadows eco nomic growth reflected weakness in eight of 11 measures of the Economy capital investments building permits Ana factory orders for consumer goods cd the downturn. A judge wednesday dismissed a murder charge against a Man accused of killing a policeman because members of the Chiy s anti drug squad lied to get the search warrant for a drug bust that ended in gunfire. Stale attorneys said they would Appeal the Superior court judge s decision and try to have the murder charge against Albert Lewin reinstated. Judge Charlesm Grabau ibid packed courtroom thai he had no Choice but to dismiss the Case against Locwin 33, who was accused of shooting detective Sherman Griffiths during a 19ss raid. A fair trial is no possible Grabau said. The Commonwealth s v conduct was egregious. And the evidence is  but assistant District attorney Taul scary said his office would continue battling for inc Case s reinstatement despite the conflicting and fraudulent evidence submitted by prosecutors and detailed in the judge s 30-Page nil i  said authorities would seek to keep Lewin in jail without bail while they pursued inc Case which has raised questions about whether police routinely lie to obtain search warrants. Defense attorneys have said the Case proves a pattern of police abuse in of Laining search warrants and could result in new trials for dozens of convicted drug dealers who Werc arrested after ads Sibly illegal searches. Griffiths a 36-year-old member of the police department s elite drug control unit was shot while trying to break into City apartment. Officers had obtained a search warrant based on to Alimony by an informant named John. Grabau dismissed the Case last month after detectives failed to pro Duce John in court saying they could no find him. Last week the detectives admitted John did not exist and was actually a composite of two informants  
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