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Publication: European Stars and Stripes Sunday, August 26, 1990

   European Stars and Stripes (Newspaper) - August 26, 1990, Darmstadt, Hesse                                Sunday August 26, 1990 the stars and stripes Page 7 More Magellan Venus pictures released Pasadena Calif. A Engi neers have performed a partial memory transplant on one of Magellan s computers. The surgery in space was performed As engineers tried to make sure they did t lose touch with the unruly space probe for a third time As it orbited Venus. Engineers Haven t pinpointed the problem that made them temporarily lose Contact with Magellan twice during the past week. They replaced the faulty computer memory because we re fix ing the symptoms said de Sherry technical assistant to Magellan s pro Jet manager. Scientists at Nasa s Jet propulsion Laboratory released Magellan s first Venus images made just before the aug. 16 breakdown on tuesday and released a second Batch Friday. The first Batch of test pictures showed numerous Venus quake faults old lava flows craters cinder Cones valleys and ridges on Venus. That Means at least part of Venus is shaped by some of the same violent forces that sculpted Earth. Magellan s chief scientist Steve Saunders said one of Magellan pictures released Friday showed a 20-mile-wide Crater that also had been seen by the soviet Vercra 15 and 16 spacecraft in the mid-1980s. Magellan s radar image enhances the structural features of a Crater on Venus. The soviet pictures were about 10 times less detailed than Magellan s radar images so it was t Clear if the Crater was volcanic or caused by a meteorite Impact. Magellan s pictures clearly show it is an Impact Crater but the floor of the Crater is extremely smooth indicating it was flooded by lava that later solid if cd Saunders said. He said the Crater May have filled with lava from an eruption triggered when a meteorite punched through Venus crust. Or the lava simply May have filled the Crater much later in an eruption unrelated to the Impact. Magellan is on a $744 million mis Sion to use its radar to peer through the Clouds of Venus and make the most detailed pictures and maps yet of the second planet from the Sun. It went into orbit around Venus on aug. 10, about 15 months after it was launched from the shuttle Atlantis. It now is nearly 150 million Miles from Earth. Sherry said engineers Don t yet know How Long Magellan s troubles will delay the official Start of its mapping Effort that was to begin the first week of sep tember. The series of malfunctions have shaken the spacecraft but the Overall spacecraft remains very healthy and we re very optimistic Well be Back to a fruitful Mission soon Sherry said. Ruling boosts Federal probe of so collapse wll w a a. " by the los Angeles times Washington Federal regulators Friday promised intensified enforcement action against Law yers accountants up raisers and other professionals who contributed to the collapse of savings and loan associations across the country. No More vital question could be posed. Than where were the professionals Harris Weinstin chief counsel for the office of Thrift supervision said at news conference. Ots officials said that their efforts to punish the mis deeds of professionals were boosted by a Federal court ruling thursday upholding the government s seizure last year of Lincoln savings & loan of Irvine Calif. In denying efforts by Charles h. Keatingjr. To re gain control of the so . District judge Stanley Sporkin complained that lawyers and accountants approved numerous clearly improper transactions that contributed to Lincoln s $2 billion collapse. Although the ruling applies strictly to the Lincoln Case ots officials believe that the scathing criticism by spor Kin will influence the Legal and regulatory climate. I m very pleased judge Sporkin has identified an area which has concerned me since the Day i walked into this Job said ots director t. Timothy Ryan or. Ots officials said that the Agency is conducting de tailed investigations that could Lead to imposition of sub Stantial fines or the Banning of lawyers and accountants from representing a is before the regulatory Agency. Other Federal agencies have filed damage suits against lawyers and accountants who represented a is that col lapsed into insolvency and were seized by the Federal government. Those suits seek financial damages. But the ots could go significantly farther in punish ing professional misdeeds. The Agency can bring enforcement actions to bar individuals or groups from alls a business by prohibiting them from representing any federally insured Thrift. The professionals lawyers accountants appraisers and economists must share significant blame in a great Many Thrift failures Weinstein said. We expect to move against those professionals in a vigor Ous  Weinstein declined to discuss whether ots is considering action against lawyers and accountants involved with Lincoln so. But he said Keating chairman of Lincoln s Parent firm and his colleagues with the cooperation and assistance of their service providers abused depositors and the american taxpayers to the tune of tens of millions of  Weinstein said that professionals played an important role in Lincoln s misdeeds accountants treated Sham transactions As real sales and lawyers threatened personal damage suits against Federal regulatory officials to inhibit them taking action against the troubled so. In this Case what was done could t have been done without the help of the professionals Weinstein said. Highly sophisticated transactions Are very unlikely to Bedone without the assistance of  the collapse of Lincoln burdened by a portfolio of bad real estate investments will ultimately Cost tax payers $2 billion. The figure includes expenses associated with paying off depositors whose accounts arc insured up to $100,000, and Selling unprofitable assets. Weinstein said that Sporkin has recognized a total breakdown of that essential self regulation in the Lincoln Case and he has sagely understood that the breakdown was not by any Means limited to the Lincoln  in his ruling Sporkin said that the government was justified in its seizure of Lincoln last year and rejected Keating s Challenge of the takeover. He said that Keating and other top executives abused their positions through behaviour that amounted to a looting of  Weinstein added economists to the list of professionals who contributed to Thrift problems. In some cases he said economists advised Thrift managers on highly sophisticated highly risky meth ods of computerized securities trading. The economists could be held accountable if they failed to Dis close the True extent of the risk he said. Bush tax switch called Boon to democrats Washington a president Bush s switch on taxes is fueling the nation s biggest tax revolt in a decade and helping democrats shed their image As a party of taxes the Leader of a conservative anti tax group said Friday. David Keating of the National lax payers Union said there is no question"1 the president s anti tax pledge was the major reason he Defeated Democrat Michael Dukakis two years ago. Bush s abandonment of that Promise has buoyed efforts to freeze or reduce state and local taxes through november voter ballots in California Colorado. Utah Massachusetts Nebraska Nevada. Oklahoma and Oregon Keating said. I think Bush s switch increases Public cynicism decreases Public Trust in politicians and increases the likelihood they la support proposals such As these Keating said in an interview after a news conference outlining the anti tax campaigns in eight states he said Bush s statements have done a. H to change the image that Derno Aai favor taxes Niobe than do republicans. Smart politicians particularly democrats Are finding that promising to oppo a higher taxes is a Good Way to get elected. One of the toughest candidates for a Republican is a i Scal conservative anti tax in Rno crat k a atm said. In Georgia democratic challenger David Worley was drooling at the thought of rep. Nev to Gingrich r-ga., being forced to Back president Bush s tax  Keating said. Gingrich had indicated he would consider pack Ages that could raise taxes but since has announced plans to Call for a tax Cut. The eight states with ballot issues on taxes represent the most since 1980, when voters in 12 states considered ? Uch proposals Keating said. The governors of Massachusetts Connecticut Illinois and Vermont decided against seeking re election this year in Large part because of High taxes and the taxes they backed while in office he said. It is the biggest Issue in Illinois gubernatorial race he said. Representatives of slate groups and associations said the Public is tallying in support of anti tax measures because government growth is out of control. Lvon counties and City councils arer.imru1 taxes it s the nature of the beast and it is going to destroy our society said Don Mcintire of the protect Oregon property society which advocates a phased a Cap on local property taxes. De Jaksha of the Nebraska taxpayer association said the re election of re publican gov. Kay Orr hinges on voter response to her handling of tax issues. Jaksha said his group is pushing an initiative that would limit local govern ment spending from increasing More than 2 percent annually without special approval. He said Orr pledged no new taxes when she won office in 1986. But most nebraskans were hit with increased income taxes when the state decided to make its Laws conform with changes i Federal tax Law. She got really bashed on that an really never rcco1. T red he said  
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