European Stars and Stripes (Newspaper) - December 18, 1991, Darmstadt, Hesse                                Wednesday december 18, 1991 the stars and stripes d Page 15 Maxwell company files for bankruptcy in u.s., citing debts London api a Maxwell in Man re irl in univ it us London apr Maxwell communication corp., one of the late Robert maxwells Public companies has filed for bankruptcy court Protection in the United states where the bulk of its Revenue is generated. The company s chairman Peter Lister said in a statement that the problems that led the company to file the petition in new York on monday Quot relate principally to the Burden of debt. A spokeswoman for Maxwell communication Sally Mcelwreath said the filing was Only for the London based holding company and did not extend to any of its operating companies which include Macmillan inc. And official airline guides. Maxwell communication is one of two Public companies controlled by the Max double fun two penguins Admire their reflections Pond at the Berlin zoo. The brisk Winter tuesday As they splash daintily across a weather was right up their Alley. Well family. The other is Mirror group newspapers also based in London. Trading in the stocks of both companies has been suspended since . 2. The publishing magnates business Empire has been engulfed in allegations of financial improprieties following his nov. 5 death. His body was found in the sea off the Canary islands. The chief allegation is that pension funds from Mirror group were illegally diverted to keep the Empire afloat. Government investigators Are also looking into allegations that firms controlled by Maxwell were involved in illegal transactions to prop up share prices in publicly traded Maxwell companies. In London on monday an affidavit read in the High court said that an executive of Maxwell newspapers purchased Stock in Maxwell communication and Mirror group while receiving a loan from a fourth private Maxwell company. The investment firm that handled the purchases became suspicious and sought Legal advice the affidavit said. The executive was identified As Sheldon Aboff vice president treasurer and a director of Maxwell newspapers which owns new Yorkus daily news. The affidavit was produced at a hearing attended by maxwells heirs sons Kevin and Ian involving Legal efforts aimed at recovering Maxwell companies pension funds. The court last week ordered the Maxwell Brothers to surrender their passports until they had disclosed what they knew about the millions in missing pension funds. Kevin and Lan Maxwell requested in court the return of their passports so Kevin can travel to new York on thursday to work on the Rescue of the daily news and so that Ian Maxwell can visit his american in Laws. The court decided to hear those requests tuesday. The Brothers assets remain Frozen indefinitely As a result of mondays hearing. Maxwell communication carried a debt estimated at More than $2 billion much of it incurred in 1989, when Maxwell bought the Book and information services company Macmillan and official airlines guides Olszewski s bid to form new polish Cabinet fails Warsaw Poland apr prime minister Jan Olszewski has Given up an attempt to form a new government from Center right parties that want to slow Poland a painful conversion to a Market Economy the Pap news Agency said tuesday. It quoted Quot unofficial but Well informed sources in a Brief dispatch. A failure by Olszewski to form a Cabinet would open the Way for president Lech Walesa to propose a candidate More to his liking. He previously supported retaining the outgoing prime minister Jan Krzysztof Bielecki but he nominated Olszewski on . 5 at the insistence of the coalition of five Center right parties that dominates parliament. Walesa also has raised the possibility that he could serve As his own prime minister. The coalition that backed Olszewski generally opposes Bielecki a program to shift Poland rapidly to a Market Economy. But the partners do not agree on specific policies for slowing the transition and preventing the collapse of state owned businesses before the private sector develops in its place. Spokesmen at Walesa a office and the parliament said they had not been officially informed of Olszewskie a reported decision. Aleksander Kwasniewski Leader of the leftist caucus told his members that a letter announcing Olszewskie a resignation would be read to parliament by speaker Wieslaw Chrzanowski Pap said. The Agency said Walesa planned to meet with the leaders of the various political parties. Olszewski a 61-year-old lawyer who had never held political office was attempting to form Poland a third government since the collapse of communist Rule in August 1989. The country a affairs Are now being run by a caretaker Cabinet headed by Leszek Balcerowicz the former finance minister. Approved to be the next prime minister . 6, Olszewski had been scheduled to present his proposed Cabinet and government program tuesday. The Market minded Liberal democrats one of the parties in Olszewskie a coalition had objected to the proposed economic program which was intended to relax austerity in order to help fight unemployment exceeding 11 percent of the work Force. Fun game helps students tackle serious business Bloomington ind. A the world of accounting can be fun and games even when there is unrest on Baltic Avenue tornadoes on Indiana Avenue or brimming trash dumps on new York Avenue. About 1,400 students in accounting classes at Indiana University Are playing monopoly this semester a for a Grade. Professors picked the Board game to show students How accounting works in the real world. A in trying to make it fun i thought a business simulation game would help a said James r. Frederickson assistant professor of accounting. The games Community Chest and Chance cards were altered to reflect real business conditions. The students were divided into groups of four or five with each student forming a corporation and issuing Stock. Each player Rolls the Dice 40 times. Every transaction is recorded and afterwards each student submits income balance Sheet and Cash flow statements. To promote teamwork each group must Analyse the game and determine who wins. A Quot go to jail card Means your company has been sued. Other cards require students to Deal with unrest on Baltic Avenue tornadoes on Indiana Avenue and overburdened landfills on new York  founder Yogi ends Effort to Cut . Crime Washington apr so much for the Power of positive thinking. The maharishi Mahesh Yogi has abandoned his decade Long Effort to lower the District of columbian a crime rate though collective meditation. The founder of the transcendental meditation movement now has a recommendation for anyone who moved to the Washington area to participate in that Experiment move elsewhere. I would not advise anyone to stay in he told the washing the Pool of mud ton Post during Ion Rost during a Telephone interview from his european Headquarters in vol drop Netherlands. Quot save yourself from the criminal atmosphere. At least be there Only during office hours a he said. . Police recorded a record 483 homicides in 1990. As of Friday this years homicide count stood at 467. After the failure of the to movements latest Campaign to enlist government support for a collective meditation program the organization closed its National office in August and moved its staff to Fairfield Iowa the site of maharishi International University. Within several months movement leaders were advising those who could to move out of the Washington area. Quot people were just Given to understand it is like living near chernobyl Quot said Robert m. Oates jr., a University spokesman. A fall the stress of the world s collective consciousness impinges on . Plus the incredible rate of violence. You re not talking about the Ideal