NATIONAL
Automatic cuts delayed despite Bush’s threat
WASHINGTON (AP) - Dem
ocrats on the House Appropria
tions Committee shouted down
President Hush's veto threat
Tuesday and voted to delay for
20 days deep spending cuts
that will be triggered unless
Congress and the White House
agree on a deficit-reduction
plan.
If the $85 billion in arbitrary
spending reductions are al
lowed to take effect as sched
uled Oct. 1, Chairman Jamie
Whitten. D-Miss., told the com
mittee. "it threatens to bring
the economy to its knees. We
can't afford the risk."
“A full-blown crisis" may be
required to force negotiators
into solving the deficit, said
Rep. Silvio Conte of Massachu
setts. the senior Republican on
the committee.
At the White House, an angry
Bush told reporters: "If there is
no budget agreement with real
spending reductions and real
process reform by the end of
the week, I will have to veto it.
I do not want to see further de
lay in kicking this problem on
down the road."
The House is likely to con
sider the bill later this week.
No deficit agreement was in
sight, although top leaders of
Congress and the administra
tion claimed some progress.
The goal is a combination of
targeted spending reductions
and tax increases that would
cut the deficit by $50 billion
during the 12 months begin
ning Monday and by an addi
tional $450 billion in the fol
lowing four years.
House Republican leader
Bob Michel of Illinois told re
porters he is ready to drop
Bush's coveted capital-gains
tax cut, which has been the
thorniest issue in the negoti
ations. “In my opinion the dog
gone price is too steep.” he
said.
Michel said the administra
tion is considering other op
tions for stimulating the econo
my — options that might be
more acceptable to Democratic
leaders, who consider a capital
gains cut nothing but a wind
fall for the rich. Democrats are
insisting that any capital-gains
reduction be offset by raising
other taxes on the wealthy.
The stopgap spending legis
lation approved by the House
panel is necessary because
Neil Bush absent as S&L
hearing begins in Denver
DENY HR (AP) — One witness
invoked the Fifth Amendment
14 times and another refused to
appear voluntarily as a hearing
began Tuesday on conflict-of
interest allegations against Neil
Bush, the president's son.
Outside, the federal court
house was surrounded by news
media, security officers and
protesters.
The only thing missing in the
savings and loan case was the
center of all the attention.
Neil Bush, 35, did not show
up for the first day of what is
anticipated to be a four-day
proceeding before administra
tive law Judge Daniel J. David
son.
"He has the option of being
here. He only has to be here the
day he testifies." said Office of
Thrift Supervision spokesman
Tom Mason. Bush is the last
witness and is expected to tes
tify at the end of the week.
The federal Office of Thrift
Supervision is trying to bar
Bush from the banking and sav
ings industry for his alleged ac
tions as a director of Silverado
Banking. Savings and 1-oan,
which failed in late 19B8 at a
cost to taxpayers of $1 billion.
At Tuesday's hearing, Mi
chael Wise. Silverado's former
board chairman and chief exec
utive officer, invoked his Fifth
Amendment right to refuse to
answer questions on the
grounds that he could incrimi
nate himself.
Davidson then allowed him
the opportunity to testify in his
chambers in order that Wise be
"spared the ordeal of going
through a futile gesture of tak
ing the Fifth."
But a transcript released later
in the day showed Wise still re
fused to answer any of the 14
questions he was asked. Those
questions ranged from whether
he could identify exhibits to his
knowledge of Bush's business
ties to two Denver developers
who eventually defaulted on
.Silverado loans exceeding *i.iu
million.
Wise also declined to speak
with reporters as he left the
judge's chambers.
Meanwhile. Florian Barth, a
former Silverado board member
and a Denver car dealer, said
Tuesday that he refused to tes
tify voluntarily.
The judge said he would sign
a subpoena to bring Barth to
court if either side requested
one.
Federal regulators accused
Bush last February of violating
his duty as a Silverado director
from August 1985 to August
1988. The Office of Thrift Su
pervision claims Bush may
have improperly voted on loans
and lines of credit for develop
ers Kenneth Good and Bill Wal
ters, both of whom contributed
to Bush's JNB Exploration oil
company. The two defaulted on
Silverado loans totaling more
than $130 million.
Last week. Bush and other
former Silverado directors also
were sued for $200 million by
the Federal Deposit Insurance
Corp. The lawsuit alleged that
gross negligence on the part of
Silverado directors contributed
to the S&L's collapse.
Bush could have avoided this
week's hearing by agreeing not
to dispute the charges, as other
S*L officials have done. By
fighting the government, he
has taken the case into a rare
public forum.
Russell Murray, former Sil
verado executive vice presi
dent. was the first scheduled
witness to actually testify Tues
day.
He reviewed a 1986 proposal
for a $900,000 line of credit for
Good International Inc., which
wanted to search for oil in Ar
gentina with Bush's JNB as a
partner.
Murray said he did not recall
anyone questioning the no-col
lateral line of credit even
though Good and Bush had a
business relationship.
none of the 13 annual appropri
ation bills has been enacted —
and a new budget year begins
in less than a week. For the
first time in several years, fed
eral workers are taking the
throat of furloughs seriously.
"People are literally losing
sleep over this." said Tom Do
herty. an Occupational Safety
and Health Administration in
spector from Allentown, Pa.
"They have kids to feud and
house payments to make, and
now they're having the rug
swept out from under them by
the system they work for ”
With the Monday deadline in
mind, the House panel agreed
by a 32-20 vote to continue
spending at present levels
through Oct 20 and to block
any threatened across-the-board
spending cuts — including
those that could bring mass fur
loughs of federal workers — be
fore that date.
In an effort to discourage a
veto, the Democratic-controlled
committer' attached to the
measure $2 billion of money to
support the large-scale deploy
ment of U S. military forces in
the Persian Gulf.
EVERYONE
I9W LMVtRSm OF OREGON KALI CONVOCATION
SEPTEMBER 28,1990
KEYNOTE ADDRESS:
"ARE WE READY FOR
THE TWENTY-FIRST
CENTURY?"
3:30 P.M., ERB
MEMORIAL UNION
BALLROOM
Keynote Speaker: Mars Hat wood lutrcll, notevl publie school educator, advocate of civil and
women’s rights and former president of the two-mil lion-member National Education Assoc ca
tion, is this year’s convocation keynote speaker. Eutrell is the director of the Center for the
Study of Education and National Development at George Washington University.
Her address sc ill he followed by nine seminars on the convocation theme. “A University for
Everyone."
In addition to UO students and faculty and staff members, all members of our community are
invited to participate in the annual academic activities celebrating the start of the school year.
A UNIVERSITY FOR EVERYONE
You are cordially invited to attend a seminar which represents a specific way to real or our coal of "A Univer
sity tor Everyone " Seminars will be held in the Erb Memorial Union immediately following the convocation
address Rooms, topics, and discussion leaders are listed Ix-low
(/Mtnutxxi Room
1. The Structures of Discrimination and the
Individual
P.um 1.1 (iwartncy t iihl>s, Associate Professor.
Si K. Il >ll«gV
Ronald J Rousscve, Ptuiosi, Cnunsdimi
Psychology
hr Room
2. Affirmative Action: Historical, Social, and
Legal Perspectives
Clarence Spigner, Assistant Pnitessor, llc.ilth
1 Hanc Won«. Director, Affirmative Actual
LVdur Ruum A
). Talking About Art and Architecture:
Women’s Voices, Women's Visions
Laura | Alpcrt, Associate Professor. Pine and
Applied Arts
Elizabeth Calm, Assistant Professor, Architecture
Linda Enmger, Assistant Protestor, Art Education
LVdur Huom E
4. Facing the Question of Class at "A
University for Everyone”
John B. Poster. Assistant Pnlessor. Sociology
J Dennis (tilhcfl, Adjunct Assistant Professor,
Physics
Kis-i Haherman, President, Local 85,Oregon
Public Employees I'nion
Office (atordinator, East Asian Languages
OuJ, Ruum
5. Native Son Fifty Years Later: Two
Perspectives on Teaching the Novel
Piles in I. (’oilman II, Pnitessor, English and
Ethnic Studies
Joseph Hynes. Professor, English
Wulnul Ruum
6. Lesbian Women and (»ay Men: Our
University Too
Sarah A Dmgl.ts. Associate Pnifess,i*,L'intiputer
and Inlorinaiion S lence
IA Hiiiitic Is K Vetti. Protessot. I an
Maple Kurnn
7. Beyond Curb Cut* and Charity: Disability
and the University
Dianne Fntuym, A»s.s late Pnrfessnr, Special
EJih IIloll .iikI Rch.lhlllt.lt ItH)
Phil kruuson. Research Av*s i.itc, Special
Education and Rch.ihihl.idon
Cedar Kuurn l)
H. Many Women’s Voices: Discussion of
Maxine Hong Kingston's Novels, Chicana
Poetry, and Native American
Autobiography
Paul Dresman, Instructor.English
l 'and.uc ( il.iss Montoya, InsirtHlot. English
Robert C PfiHhlloot, Assistant Pfntcvsnr, Feather
lulu, if ion
Hen Ltiulet Riwm
4. A Chilly Climate in the Classroom:
Students of Color, Lesbians and (Jays, and
Athletes Speak Out About Their
Educational Experiences
I lavini Kisliir.i. Coordinator. Women’s ( enter,
sc ill facilitate the panel dist uv.ltHI
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