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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Dec. 8, 1981)
inter/national news From Associated Prams report* Armed men hijack Venezuelan planes BARRANQUILLA, Colombia Hijackers forced three domestic Venezuelan airliners to this Caribbean port city in a meticulously planned operation Monday, freed the women and children after 10 hours and the aircraft then took off for undis closed destinations Colombian officials said the hijackers claimed they were armed with submachine guns and grenades The hijackers had demanded maps for air routes to all Central American countries and food and fuel for the planes, the of ficials were quoted as saying on a Caracol radio report The rea son for the hijackings was not immediately known Airport officials said the hijackers told them they were Puerto Rican nationalists seek ing independence for the island that is a commonwealth territory of the United States Later con flicting reports said the hijackers were Salvadoran commandos, Colombian guerrillas or Venezuelans Reagan rejects Khadafy denial WASHINGTON Pres Reagan rejected Mon day Col Moammar Khadafy's denial that Libyan terrorists have been sent to the United States to kill government leaders I wouldn't believe a word he says, Reagan declared "We have the evidence and he knows it ’’ The president, in a brief meeting with reporters, left open the possibility of punitive steps against the Khadafy government Asked if he would seek a boycott of Libyan oil or other economic sanctions, Reagan replied only that "There have been no decisions made " White House and State Department officials said U S economic and political relations with Libya have been under review for at least two months. State Department spokesman Dean Fischer said the step was taken with a view toward dealing with Libya's "terrorist activi ties " Fred Meyer sale causes lawsuit SALEM, Ore. A coalition of public em ployees and retail businesses filed suit Monday to stop the state of Oregon from investing $178 million in trust funds in the purchase of Fred Meyer, Inc The action in Marion County Circuit Court charges that the investment of the Public Em ployees Retirement Fund and State Accident Insurance Fjjnd is imprudent and a conflict of interest The state is one of a number of investors along with other institutions, banks and insur ance companies participating in the $435 million purchase of Fred Meyer put together by the New York investment firm of Kohlberg, Kravis, Roberts & Co Fred Meyer stockholders are scheduled to vote on the sale at a meeting Thursday in Portland The sale would bring them a return of $55 a share The suit names as defendants state Treasurer Clay Meyers, the members of the Oregon In vestment Council Fred Meyer, Inc and others involved in the business deal The action was brought by the Portland Feder ation of Teachers, several in dividual public employees, Pay Less Drug Stores, Bi-Mart. Em porium, G.l Joe's and other businesses Economists predict ballooning deficits WASHINGTON In the gloomiest forecast yet, Pres Reagan's economists es timate the budget deficit could soar to a record $109 billion in 1982 and $162 billion by 1984 The bleak projections, which do not take into account the new budget cuts the president will seek from Congress early next year, point to a "monstrous problem" confronting Reagan in his quest for a balanced bud get and a strong economic recovery, an administration of ficial said Monday. Administration sources, who did not want their names used, said the new projected deficit is part of a preliminary economic forecast given Reagan last Friday to help him decide on a 1983 budget plan expected to seek drastic new cuts in a variety of social programs Last September, the adminis tration forecast deficits averag ing about $60 billion a year through 1984 without any further spending cuts or new tax increases Without new budget cuts or tax increases, according to the new forecast, the deficit will reach $1091 billion in fiscal 1982, $152 3 billion in fiscal 1983 and $162 billion in fiscal 1984 Budget officials blame the soaring deficits on the reces sion because with less econ omic prosperity, the govern ment takes in less tax money Moreover, a mounting deficit in 1982 guarantees budget woes in subsequent years as the government is forced to make ever larger interest payments on its burgeoning debt — currently more than $1 trillion LANE TRANSIT DISTRICT DUCKS, TRY THE SHUTTLE!! 6 Times an hour AM-5:30 PM, Mon thru Sat ONLY 25c With Stops at: The Bijou Theatre Oregon Art Supply 13th & Kincaid Greyhound/Trailways The Downtown Mall Saturday Market/The Courthouse 11th & Patterson (Univ Inn) Taco Time/Grocery Cart 5th St Public Market (near AMTRAK) Section F on Eugene Mall (10th & Olive) Close to all your Holiday Shopping TRY IT!!! LADIES NIGHT Tonight Bosworth Brothers and 50C Drinks Don’t miss Ladies Nite tonight! Rock with the Bosworth Brothers Band while the ladies en joy 50C well drinks and beer from 9 to 2. It’s part of the “magic month” at O’Callahan’s... be there tonight. O’CALLAHAN’S Incredible Edibles & Libations 440 Coburg Road. Eugene Phone 343 -1221 M Deck the Emerald pages with noel notes 15 joyous words for $150 if placed by 1 p.m. Dec. 10 at the usual locations. ★
