European Stars and Stripes (Newspaper) - November 18, 1991, Darmstadt, Hesse                                Monday november 18, 1991 the stars and stripes a Page 5unworried Bush monitoring jittery Market Washington a president Bush said saturday that he did t see any reason to be concerned about the Stock Market s fifth largest loss Ever but he admitted he would be watching to see what happens when the Market opens today. Bush was asked about the 120.3 Point slide in the Dow Jones Industrial average As he prepared to tee off Market reflects uncertainty on Bush policy. Page 17 h president Bush plays Golf near Camp David my. For a morning round of Golf at a country club near the presidential Retreat in Camp David. My. A Well see what happens monday a Bush said. A no reason to get All  Bush s comments echoed earlier remarks made by the Treasury department and the Federal Reserve Board where officials sought to downplay the significance of fridays Market plunge by projecting an air of Calm and business As usual. Aides said Treasury Secretary Nicholas Brady and Federal Reserve chairman Alan Greenspan were kept informed of developments but neither Agency experienced unusual activity or an air of crisis. The fed however rushed out a letter from Greenspan decrying congressional efforts to place Caps on credit card interest rates. While official Washington viewed the Market plunge As More or less a Market correction some private economists worried aloud that fridays decline could be followed by an even sharper sell off today when the Stock Market reopens. A the equity markets Are finally realizing what sad shape the . Co nov is  said Allen Sinai chief economist of the Boston co. An investment firm. A it would not Surprise me to see a Down 100 to 200-Point Day or two Days As the Stock Market moves toward More realistic valuations based on the economic  the congressional Effort to place ceilings on credit card interest rates was cited by Many economists As at least a contributing Factor in the Market turmoil because of the uncertainties raised about the Economy. The Senate had unexpectedly voted for the credit card Caps during debate on a banking Bill wednesday. The Caps would push interest rates on credit cards Down to 14 percent Well below the is.1 percent Industry average and the 19.8 percent that eight of the top 10 card companies charge. In his letter Greenspan warned that the proposed rate Caps could have a a number of possible serious Adverse effects on the Economy and financial  a lenders undoubtedly would Cut Back sharply on the availability of credit cards Quot Greenspan wrote. A such actions could adversely effect consumer spending and the  the letter addressed to rep. Chalmers p. Wylie a Ohio ranking Republican on the House banking committee was an Effort to influence votes when the panel takes up the proposal this afternoon. Although Greenspan s letter did not mention the Market plunge sen. Christopher j. Dodd a Conn. Took to the Senate floor late Friday to contend that the markets big sell off was an Adverse reaction that should make the Senate reconsider its vote on the credit card  blames town for Muakka Gold drug ring Tampa Fla. Apr a judge chastised residents of Muakka City for tolerating a marijuana ring that grew More than 1 million plants Over a decade and earned the tag a pm hakka Gold for its Premium pot. . District judge Elizabeth a. Kovachevich imposed sentences Friday of one to 11 years for 21 Muakka City residents who pleaded guilty to roles in the pot growing conspiracy. The judge said the defendants their families and friends had a a Brazen  looking toward the packed gallery of her courtroom Kovachevich added a i perceive an attitude that has to be broken in the Muakka City area. You were As much responsible As they Are. You supported them morally and emotionally. Nobody stopped them. Everyone just said a go for  Quot Smith s Law. At alleged Palm Beach rape site from air it it not in Rte police charged investigators uncovered a conspiracy dating Back to 1981 to produce the pot. Those pleading guilty admitted to germinating marijuana seeds transplanting seedlings into pots placed in plastic foam and floating the pots among weeds on Public and private wetlands in the area. In thl stars and stripls10 years ago from wire reports Miami a at least six break ins have occurred at the Kennedy family a Palm Beach estate since William Kennedy Smith was accused of raping a woman there easter weekend Smiths attorney said saturday. A the police do have some suspects that they Are investigating a said defense attorney Roy Black who lives at the estate during the week. A at least six times people have come into the  Palm Beach police Are continuing their investigation involving possible burglary charges. A dispatcher saturday would not comment on Blacks claim about the break ins. A i tend to think its More in the realm of people taking photographs a Black said in his Miami office. A i done to know anyone a broken in to steal  Black claims a camera carrying intruder was seen the night of nov. 11 inside his mansion bedroom where the cases defense documents Are kept and was chased off the property. Police charged Robert Calvert a freelance television cameraman with trespassing. But Calvert was not identified As the person seen inside the bedroom and he denies it though he acknowledges staking out the estate. Since last weeks apparent burglary attempt private Security around the compound has been increased Black said in an hour Long interview Given under the limited gag Rule the judge has placed upon trial participants. Meanwhile jury selection is scheduled to continue today. Smith the 31-year-old Nephew of sen. Edward m. Kennedy d-mass., has denied charges that he raped a 30-year-old woman March 30. Circuit judge Mary Lupo has scheduled opening statements for dec. 2. Black has argued the alleged break ins and pretrial publicity have jeopardized Smiths chances for a fair trial. Black also said jurors Are going to see More Kennedy family members coming to court when Smiths rape trial starts next month. A i would think that anyone who is on trial would want to have his family at the trial a Black said in the interview. Quot in be gotten Many Calls from family members who want to come and sit in the courtroom while will is on  but since the defense Only has passes for three places in the 48-seat courtroom. Black said a people will have to come Down at different times. A lot of members of his family Are going to come Down and sit for a Day or two Days or half a Day in the courtroom. Because they want to be with him at this difficult  Smiths Uncle Robert Sargent Shriver jr., attended court twice last week. Smiths Mother Jean Kennedy Smith and aunt Patricia Kennedy Lawford along with the defendants brother and two Sisters came to court earlier during jury selection. Although the attorney reported getting Calls from a a Large majority Quot of Kennedy family members he declined to identify them or provide any schedule for their courtroom appearances. Nov. 18, 1981 a state department officials reported that president Reagan planned to propose a virtual elimination of . And soviet medium Range missiles in Europe. 20years ago nov. 18, 1971 a president Nixon rejected a provision attached to the military procurement Bill. The so called Mansfield amendment requested that Nixon set a final troop withdrawal Date from Vietnam subject to the release of american prisoners of War and an accounting of . Troops missing in action.30 years ago nov. 18, 1961 a defense Secretary Robert s. Mcnamara said americans military buildup in the Berlin crisis was proceeding rapidly. Meanwhile Secretary of state Dean Rusk said the . Offer to provide nato with its own nuclear Force would be discussed by president Kennedy and German Chancellor Konrad Adenauer in the following week. Pair videotaped during sex act to get copy 40years ago Tampa Fla. A a couple videotaped having sex in their condominium bathroom will be allowed to have a copy of the tape but it must remain out of Public View a judge has ruled. Hillsborough county judge Cynthia Holloway agreed Friday to give a copy of the tape to Alfred Stephens and Janet paddock who were videotaped through their ground floor window by a neighbor last july. Police viewed the tape then arrested the couple on felony counts of lewd and lascivious conduct charges that eventually were dropped. They now face Misdemeanour charges of disorderly conduct Tor acts unrelated to the tape. The Misdemeanour charges accuse them of swimming in a Condo Pool while paddock was partly nude having sex in the Condo hot tub and Locking themselves in a women s restroom with the intent of having sex. The couple s attorneys wanted a copy of the tape along with other materials from prosecutors to prepare their defense. Normally once such items Are Given to the defense they become Public record. But Holloway ordered that the tape remain sealed. Trial is scheduled for december. The neighbor who shot the tape. Lee Adler has petitioned the court unsuccessfully for a copy of the tape. He has said he intends to sell it to the highest bidder. Nov. 18, 1951 a there were frontline Hopes for peace As the communist forces indicated they might accept a dramatic u n. Proposal to end the korean War within a month. The United nations said it would accept a Buffer zone along the present Battle line if the communists agreed to an Exchange of War prisoners and other details of a for Mal armistice