European Stars and Stripes (Newspaper) - June 20, 1990, Darmstadt, Hesse                                Wednesday june 20, 1990 the stars and stripes Page 5 court backs Agency insuring pensions Washington apr the supreme court gave broader Powers monday to an Agency guarding the pensions of 30 million american workers. The ruling made it less Likely that taxpayers will have to pay billions in bailouts Down the Road. By an 8-1 vote the court said the pension Benefit guaranty corp. Acted within its authority when ordering Ltd corp. And its subsidiary Ltd steel co., to restore pension plans with unfunded liabilities of $2.3 billion. Government lawyers told the justices an appeals court ruling if not overturned could have led a to a financial crisis similar to that currently facing the government insurance program for the savings and loan Industry. James b. Lockhart the pig cd a executive director said monday the decision a removes a Cloud that has been overhanging the Agency for 2 a  Michael s. Gordon a Washington pensions lawyer said the ruling will prevent companies with troubled pension funds from seeking the Protection of bankruptcy reorganization. Ltd said in a prepared statement that it had filed for bankruptcy four years ago a because among other things we could not afford to make payments into these three pension plans. A at Issue was the Federal Agency a Power to shift liability for pension payments Back to an employer under what it Calls an a anti follow on  the pension Benefit guaranty corp., modelled after the Federal Deposit insurance corp. And the Federal savings and loan insurance corp., is wholly owned by the Federal government. The Agency protects the pension benefits of workers who participate in single employer pension plans. When a pension plan is ended with insufficient Money to satisfy promised benefits the Agency becomes the pension plans trustee taking Over its assets and liabilities. The Agency then pays a with taxpayer supreme court Roundup Money a benefits workers had earned As of the Date the pension plan ended. The pm go has Money problems of its own a a $ 1 billion deficit. It currently lists assets of about $3.2 billion and liabilities of about $4.2 billion. The Dallas based Ltd and its Cleveland based Ltd steel subsidiary after filing for reorganization under Federal bankruptcy Law in 1986, advised the pm go that they could not fund the pension plans they sponsored. The plans were ended in 1987. In a Deal with the United steelworkers Union however Ltd steel agreed to what government lawyers contended is a a follow on arrangement. Under it Ltd agreed to make up any benefits lost to retirees because of the pension plans termination a those not covered by the Federal pension insurance. The result retirees continued to receive the same benefits they did before the plans were terminated and payment of underfunded pension liabilities was shifted to the pm go. The pm go contended such arrangements arc abusive and the Agency ordered Ltd to re assume responsibility for the pension plans. When Ltd refused the Agency sought to enforce its order in Federal court. A Federal judge threw out the pig cd a order for restoration and the 2nd . Circuit court of appeals upheld that ruling. In other matters the court a ruled 8-1 in a Pennsylvania Case that videotaped responses Drunken driving suspects give to most routine questions asked by police May be used As evidence even if they were not told about their so called Miranda rights. A left intact the conviction and $250 Fine of Jerry Wayne Vancs for preaching too loudly outside a Hagerstown md., abortion clinic. Maryland a highest court had rejected arguments that the state Law used to prosecute violates his right of free speech. V-22 prototype lands safely after engine fails Arlington Texas apr an experimental tilt Rotor aircraft designed to hover like a helicopter and Fly like an air plane made an emergency Landing monday after one of two engines failed. The v-22 Osprey lost Power in its left engine but was Able to return safely to Arlington municipal Airport said Terry Arnold spokesman for Bell helicopter text Ron inc., the builder. No injuries or damage to the prototype aircraft were reported after the 10 . Malfunction in the skies about 40 Miles Southwest of downtown Dallas Arnold said. A actually we re pleased because the aircraft did what it was supposed to do a Arnold said. A the other engine engaged the Shaft and drove both Rotor systems and we landed without incident. It was designed to do just  Arnold said it was the first emergency Landing on record for the v-22. The cause of the malfunction was not immediately known. The Osprey can hover and land like a helicopter but also flies at up to 340 Mph As a fixed Wing air plane a much faster than a helicopter. Large rotors on the ends of the wings tilt up for vertical flight and rotate Forward for horizontal flight. Arnold said the aircraft one of four Osprey prototypes was in a Mai plane Model when the engine failed. It flew that Way Back to the Airport where it swooped Down and landed like a helicopter said Bob Leder another company spokesman. The four prototypes Are among six ospreys for which the Pentagon has contracted. The defense department has spent $2 billion to develop the v-22 Osprey and its predecessor the Xv-15, for military use. But defense Secretary Dick Cheney wants to end funding in favor of conventional helicopter development. A i a Quot Knight moves up Charu Robinson chess Champion of Kasparov came to the school to Honor Adam Clayton Powell Junior High Robinson and five classmates who preschool in new York City ponders his gently won honors at the National Jun next move monday while world chess for High school chess tournament in Champion Garry Kasparov looks on. Salt Lake City Utah. Convict executed by Arkansas becoming states first since 1964 Varner Ark. Apr John Edward swindler was electrocuted monday night for the 1976 murder of a patrolman becoming the first Arkansas inmate to be executed since 1964. Swindler 46, was declared dead at 9 05  by Lincoln county Coroner Keith Griffin. On saturday the supreme court had denied swindlers final request for a stay of execution. The inmate spent swindler his final hours at this Southeastern Arkansas Penitentiary with one of his lawyers and his spiritual adviser monsignor James of Donnell of the immaculate Conception Church in North Little Rock. After the execution of Donnell read a statement from swindler a i have no animosity toward anyone. No grudges. I appreciate the care and love others have shown me and other people on death Row. I Hope this brings to Light the injustice of capital punishment and the need to abolish  swindler was the 130th inmate put to death in the United states since 1976, when a . Supreme court ruling permitted states to resume capital punishment. Arkansas became the 14th state to carry out an execution since the High courts ruling. The last person previously executed in Arkansas was Charles Franklin Fields in 1964, after being convicted of rape. Swindler calmly spent his final Day in a cell adjoining the death chamber at Cummins maximum Security unit said prison spokesman David White. He was sentenced to die for the sept. 24, 1976, murder of fort Smith police officer Randy Basnett who was shot to death at a filling station when he recognized swindler a fugitive from a double murder in South Carolina. A fall i can say is Justice has been done a said Shanon Howard daughter of Basnett a widow Cindy. A was far As in a concerned its Over and done and let it lie at  swindler sentenced before Arkansas changed its method of execution from electrocution to injection left the Choice of method to prison officials who opted for the Means originally specified in his sentence electrocution. At the time of Basnett a death swindler was wanted for killing a teen age couple in South Carolina three Days after his release from the Federal prison at Leavenworth Kan. While awaiting execution in Arkansas he was convicted of those killings and sentenced to four life terms. Arkansas plans another execution monday when Ronald Gene Simmons is scheduled to die by injection for the 1987 killings of 16 people including 14  of to Milit in the stars and stripes 40 years ago today. June 20, 1950 a Fri agents arrested former service member David Greenglass in new York on a charge of giving wartime atomic secrets to the soviet union.30 years ago today. June 20, 1960 a an ecstatic crowd of nearly 1.5 million South koreans sidetracked president Eisenhower a motorcade in a wild end to his far Eastern Goodwill tour.20 years ago today. June 20, 1970 a Edward Heath led the conservative party Back to Power in one of the biggest electoral upsets in British history ruining Harold Wilson a dream of becoming the first prime minister to serve three successive terms.10 years ago today. June 20, 1980 a president Carter arrived in Rome to kick off an eight Day european tour. The president and his family were greeted by the . Ambassador to Italy Richard Gardner and the italian governments chief of protocol