European Stars and Stripes (Newspaper) - March 26, 1991, Darmstadt, Hesse                                Tuesday March 26, 1991 the stars and stripes b Page 5lacocca says Japan threat to big 3 letter to Bush warns of 40% . Market share from wire reports Detroit a Chrysler corp. Chairman Lee Iacocca warned president Bush in a personal letter that the no. 3 automaker a could be gone and Ford motor co. Would be in serious trouble if japanese firms were Able to increase their . Market share to 40 percent. Iacocca alleged that continuing oversupply of the . Market by japanese firms could result in such an increase. A reply from the Treasury depart ment however indicates that the administration believes the Domestic Auto Industry could become More sound in the Long run benefiting by keeping Competition As open As possible. A copy of the Iacocca letter was obtained by the Detroit news. It published highlights in the sunday editions of the Detroit news and free press. In the March 6 letter Iacocca urged Bush to persuade the japanese Kcf hold their share of the . Market to last years 31 percent. That probably would require Japan to trim .-bound Auto exports to 500,000 units this year. Japanese cars had a 31-percent share last year of the total . Market Selling 3,238,562 vehicles. Thus far in 1991, sales of All cars have tumbled because of decreased consumer Confidence. Iacocca said in his letter that unsold japanese imports Are piling up causing him to fear that companies will hold a a distress sales. A unless the japanese act now to immediately Cut Back their Export shipments they will begin to a distress merchandise this huge amount fair Over shipment and their share will rocket up again a the outspoken chairman said. He warned that �?o40 percent or More is within reach unless they exercise some kind of restraint.�?�. A at a japanese Market share of 40 percent in a depressed Industry Chrysler is gone and Ford could be mortally wounded from a competitive standpoint. Even general motors corp is at risk Quot he said in the letter. Iacocca said Many americans Are unhappy Over Japan a refusal to Send troops to the persian Gulf and suggested that could make a Call for import reductions politically palatable. The Treasury department reply said japanese firms have begun to reduce their exports to the United states and noted that Many of the vehicles Iacocca complained of were a transplants a built at . Plants owned by those firms. But the department has warned japanese car makers that any severe Price discounting might be viewed As illegal dumping on the . Market. Bush Hasni to personally responded to the letter which comes at a time when Ford and Chrysler each Are trying to Cut s3 billion from their budgets. General motors is continuing its program that has whittled $13 billion in costs a since 1987. Chrysler hit hardest of the big three by dwindling demand barely broke even last year. Analysts expect it to Post a 1991 loss perhaps As much As $280 million. Earlier this year Standard amp poor a lowered its credit ratings on much of Chrysler a debt to below investment Grade a to in Wall Street parlance junk Bond  exec named Harvard president Cambridge mass. Apr Neil Rudenstine a former Princeton administrator and the executive vice president of a wealthy philanthropic foundation was named sunday As the 26th president of Harvard University. A a. A a a a a a a. Rudenstine will replace Derek c. Bok who is retiring in june after 20 years As president of the 17,500-student Ivy league school. Since 1988, Rudenstine has been executive vice president of the new York based Andrew w. Mellon foundation which gives Grants mainly to colleges and universities and to hospitals and environmental causes. Rudenstine said sunday he would bring a a passion for universities and education to Harvard. It feel very privileged and very honoured to be asked to undertake such a Post a he said. A a it a not an easy time for higher education. I think its going to be a difficult decade or  Rudenstine 56, who lives in Princeton n.j., spent 20 years As an English professor and administrator at Princeton. Bok who was not involved in the 10-month search for his successor said he was delighted with the Choice. A i cannot think of a candidate so Well endowed with the knowledge experience temperament and character needed to serve As Harvard a president a Bok said in a statement. Rudenstine graduated from Princeton in 1956 and went to Oxford University in England As a Rhodes scholar. He earned a bachelors degree in English literature in 1959. He was awarded a . From Harvard in 1964. He taught Renaissance literature at Harvard before moving to Princeton in 1968. Eleven years later he was appointed Provost the University a second ranking officer. Rudenstine was widely seen As a logical successor to former Princeton president William g. Bowen when Rudenstine Bowen left in 1987 to head the Mellon foundation. Instead he followed Bowen to the foundation. Colleagues at Princeton described Rudenstine a management As firm but conciliatory. A the managed to make a hit of difficult decisions without getting people angry which is quite an accomplishment a said Theodore Ziolowski Dean of the graduate school at Princeton. Rudenstine who also was Princeton a affirmative action officer said he considers the Lack of minorities among College faculties a National Issue. A i see it As a Supply problem not As a Quality problem a he said. �?o1 trunk the Long term solution is to get More and More people to think that academic life is As stimulating As it  earlier this month a judge dismissed a lawsuit filed by Harvard Law school students contending the University failed to hire women minorities and homosexuals. Bok 60, announced last year he would step Down this june. He and his wife Yissela a professor of philosophy at Brandeis University will spend the next Acy Demic year As Fellows at the Center for advanced study in the behavioural sciences at Palo Alto Calif in the stars and Stripe victims of Panama looters sue .10 years ago March 26,1981 a Kenneth Blaylock president of the american federation of government employees the largest Federal government employees Union predicted Wildcat walkouts and other Job actions by . Workers angry at Reagan administration plans to limit their compensation. �?T20 years ago March 26,1971 a the Boeing co. In Seattle began making plans to Lay off 7,000 workers on its set program. Officials said a Senate vote cutting off funds for the supersonic transport was the programs death blow. Washington a Fernando Pinilla watched helplessly in january 1990 As looters sacked his Panama City bakery. . Soldiers nearby refused of. Intervene Pinilla said and within Days his business was destroyed. Now More than a year after . Soldiers invaded Panama to oust dictator Manuel Antonio Noriega Pinilla and dozens of other panamanian businesses Are suing the United states. They Are asking almost $63 million in property damage from the looting that followed the invasion. Thirteen separate suits have been filed the most recent last week. The United states is responsible the plaintiffs say because it dismantled Panama a Only police Force a Noriega a Panama defense Force a a leaving them virtually unprotected. The . Government denies the allegations and has asked District judge Stanley s. Harris to dismiss the suits. It has also rejected a class action lawsuit on behalf of people killed or injured in the invasion. The United states does not pay for damage resulting from combat Justice department briefs said saying courts should not review military policy decisions. Pinillas bakery was near the Panama defense Force Central Headquarters and survived the initial . Assault dec. 20, 1989. When . Soldiers reopened the area to the Public Jan. 7, the looting began. A the . Soldiers did not do absolutely anything to Stop the hundreds of in truders who were looting and stripping Down All of our property a Pinilla said in an affidavit filed with his suit. A since there was nothing left we could do we went Back to Cho Rillos just to watch How our property and business an Effort and hard work of almost a lifetime were destroyed looted and dismantled As a consequence of the . Army authorization and blessings a  a said. A a a a Pinilla is seeking $1.2 million. Insurance companies have refused to pay on grounds the damages were related to acts of War. The . Army claims service also rejected the requests. A a the lawsuit said the United states is obligated under the 1908 Hague convention to provide police Power when it occupies a country.30 years ago March 26,1961 a the United states launched a 78-Pound package of scientific instruments into an Earth orbit designed to take it 120,000 Miles into space from where it will Chart Safe paths to the planets for future astronauts. Man caught trying to Ransom stolen film40 years ago March 26, i 951 a the army ordered 1,100 Reserve majors and 400 Reserve lieutenant colonels to report for Active duty by june 29. They officers will join 40000 lieutenants and captains already called up. Aspen Colo. Apr a Man tried unsuccessfully to get $5,000 in Ransom for film stolen on the last Day of shooting of a made for to murder mystery movie. A a it a right out of the movies a said Judy Royer location up manager for the a out of season Abc movie. The film was recovered Friday. Art smythe police chief for the town of Snowmass said Peter John Ripp 31, was arrested and charged with extortion. An assistant cameraman had taken three cans of film shot thursday on Aspen Mountain to a final a wrap up party later that evening. He a was waiting for a Guy with a key to put the cans away. An hour later we turn around and the film was gone a Royer said. She said a Man phoned the production office Friday and said a i have the  want a Brown bag of  at first the caller wanted $5,000 but was bargained Down to $2,500. Abc put up the Money As bait officials said. The film Crew worked with police  set up a sting in a bar in Snowmass Royer said. The bag of Money was left in a Prear ranged  a Guy came in and looked at the bag. The police talked to him and caught him a she said. The film Crews have been in the Aspen area for a month using locals As extras in the $3 million production set in a fictional Colorado ski town named