European Stars and Stripes (Newspaper) - January 5, 1991, Darmstadt, Hesse                                Milken fines to be invested for claimants Houston up . District clerk Jesse c. Clark plans to invest $600 million in civil penalties paid by junk Bond King Michael Milken and his cohorts in . Treasury securities considered Ope of the country a safest investments. In a one of a kid plan mapped out in Houston Clark said most of the Money and the interest earned from the investments will be used to pay claims of people Milken defrauded. The claimants will be primarily those who invested in brokerage houses insurers and companies that bought heavily in the junk Bond Market. The first $390 million moved monday direct from the Federal Reserve to the Treasury without passing through a Bank or savings and loan. Texas Commerce Bank s securities division brokered the purchases and will provide regular audits of the Milken account Tor a fee. Banks usually require that major investments move through their hands. ,. Milken s $400 million Fine was transferred monday to the registry of the Houston Federal courts. Clark had it entered into a special account established with the Houston Branch of the Federal Reserve Bank in  begins cutting 21,000 retail jobs Chicago apr Sears Roebuck and co. Began a eliminating 21,000 jobs from stores nationwide m an Effort to streamline operations and maintain profits the nations largest retailer announced thursday. Spokesman Gerald buldak said Sears began sending employees Pink slips this week and will work through june 1 to eliminate administration and operations positions at its 863 stores. He said the company did no to know How Many workers will be left jobless because an undetermined number could be transferred to other positions. Sears merchandise group the company s retail Chain had 337,000 full and part time workers nation-1 wide in 1990. The retailer has been struggling to com Pete with fast growing Wal Mart store sync. And k Mart corp. A. Quot. A a a. A a a a a. A Sears also announced thursday that december sales at stores open at least a year fell 0.3 percent while the company a Overall sales Rose 1.4 percent. Sears Sharac. Terizer its Holiday sales As below expectations. A sales were slightly below our expectations for the season a buldak said. Quot they nevertheless picked up in the last 10 Days of the month As the Holiday Drew closets a. A 4. A in the stars and stripes 40 years ago today. Jan. 5, 1951 a Gen. Dwight d. Eisenhower said Tuil 7 european nations a must match every american sacrifice if democratic defense efforts were to succeeds _____30 years ago today. Jan. 5, 196.1 a hundreds of americans warned by the _ . Eff Assalo get out of Cuba immediately packed for a Hasty return to the United states. 20 years ago today. Jan. 5, 1971 a the Philippines lop Federal agent testified he saw the Dagger strike Pope Paul i twice in his a Chest during the attempt on his life in Manila. _10 years ago today. Jan. 5, 1981 a Iran officially received the latest . Proposals for meeting Iran s demands for freeing 52 american hostages and announced that three captive americans held at the foreign ministry had been moved to a new location a top official said. Ahmad Azizi an official on Iran s hostage negotiating team claimed the shift had Long been planned As part of the government s taking control of the captives from militants who seized the african embassy on nov. 4, 1979. Andi Rof time -y., 7/ saturday a january 5, 9l the stars and stripes Page 5 Liou a speaker Thomas Foley left at podium swears in members of the 102ml Congress thursday. Persian Gulf crisis top Issue As 102nd Congress opens a Washington a the 102nd Congress convened thursday and plunged immediately into acrimonious debate Over the persian Gull the first flare up in a session Likely to be dominated by the threat of War overseas and recession at Home. Overshadowed for now but still crowding the lawmakers Agenda for the year civil rights social issues and the annual budget debate. As always  congressmen celebrated their return and new members brought their children for the swearing in ceremony lending a first Day of school atmosphere to the noisy House chamber. A a _ a a a a a but across the Capitol barely a half hour alter the Senate was gave led into session two democrats tried to Force an Early debate Over whether president Bush has authority to make War against Iraq without approval of Congress. The possibility of War is Quot being talked about m Coffee shops in the workplace and m the Homes Quot a said sen. Tom i Larkin. A Iowa. A now is the time and Here is the place to debate the constitutional prerogatives of the president of the United . Harkin and sen. Brock Adams d-wash., have written a Resolution declaring that any offensive action to remove Iraq troops from Kuwait would require prior approval of  Senate majority. Leader George j. Mitchell a Maine wants to put off any debate on the persian Gulf until the Bush administration s diplomatic initiatives have played out. He said a full blown debate could affect the outcome of proposed meetings next week Between Secretary of state James a. Baker Iii and Tariq a in the iraqi foreign minister. Quot Quot Quot Mitchell and other leaders worked into the evening toward tin agreement that would allow debate on the Resolution Quot but not a vote until after Baker and Aziz meet. _ _ after an hour Long meeting of the democratic caucus senators Wen Thome without an agreement. Mitchell said he would try again on Friday. Republicans sat Hack and watched the spectacle. Quot were All mixed tip Quot said minority Leader Boh Dole a Kam Quot when we should have been debating we were in vacation. Now we ought to be quiet and we want a  Baker and defense Secretary Dick Cheney briefed lawmakers thursday on the crisis. They presented a gloomy picture of the effectiveness of economic sanctions against Iraq according to congressmen who were present Lor the private meetings o Mitchell and House speaker 1 Homas s. Foley i -wash., want Congress to forego the traditional schedule of recessing until Jan. 23. Instead the two houses will meet every other Day for the next three weeks subject to change it Iraq does not Quot withdraw from Kuwait by the Jam 15 deadline set by the United nations. Despite the flurry of War talk m the sedate i hurs Days opening sessions of the i Louse and Senate were mostly devoted to formalities. Vice president Dan Quayle administered the oath of office to 35 senators who were elected in novem her. Mist of those who took the oath were escorted by the other senator from their Home state. Paul Wellstone a Mem the Only Victor Over an incumbent senator was escorted by a predecessor former vice president Walter Mondale. Democrats control the Senate by a 56-44 margin a margin that will be retained when sen. Pete Wilson r-calif., resigns next week to become governor and appoints Republican John Seymour to succeed him. In font last to the Senate the House was downright Homey. Children of members ran through the aisles and  pews. Rep. Neil Abercrombie Dhawan. Sported Ait Orange Lei. Members had to be gave led to order several times As they noisily renewed acquaintances and veterans introduced themselves to the 44 new member . House members were Given the oath of office by Foley who a by virtue of dcmocrais\2fj6-168 majority was re elected speaker Over minority Leader Robert i l Michel r-111. The Only Independent socialist rep. Bernard Sanders of , for Foley. Democrats have one More Senate seat and eight More House seals As a Les ult of the Quot a november dec Quot Tion. A.  is no  those increased majorities will translate into legislation and whether they will boost democratic chances of breaking the Siresi Dent s string of 2 i successful vetoes. _ _ a a. Foley told  that a civil rights Hill that Bush vetoed Iasi Carwill be Given the number Iii designating it As the de mounts top priority. I lie Speake r  committee leaders will put together a Domestic Agenda that is Likely of include a National family leave policy health improve cents and repairs to be nations roads and i Idues. Congress will await Bush s Jan. 2�?~> state of die Union message and his budget proposal a Lew Davs. Later be lore taking action on and major ice. Mat Ion