The Battalion. (College Station, Tex.) 1893-current, April 06, 1989, Image 4
i April 6,1989 iVO id tchell. ngled and Brock steal that scored 1 Crainer to sec- is Blaha readied or to make it 3-0 i connected again ng as Mitchell, elle Mayfield all iases. :> score Mitchell on a wild throw as she attempted it first and A&M s scored all three ; sixth but A&M >ry. as pleased to get game, although tie rough, isn’t pretty,bulk “We’ ve got to cut But they are be ll.” gled to start the is and Newkirk bases and Blaha ;s a 1-0 lead as on balls, ng was all A&M e Lady Bobcats ed and Blaha ?r’s choice. Tory to right field to put A&M up 2-0. ed a double to score Blaha and ■ Erika Eriksson irk to make it 5-0 OS ;rry ther run in the walked, took sec- irwin’s balk and y Geronimo Ber- >red first-inning when Perry sin- >n Dale Murphy’s a Jody Davis' sin- ionic on a balk. ;led off Atlanta’s first inning to ig, who singled ond on a balk, o relieved Smith , got the victor) :hed the last two iill Hinds 1AT MEAM5 0 "To 5+dOW ?Mik)ATC«’ '■OUXTiA AT Akw-rx " dSC >r Aud. -itain ■rove d. »ud. Dhapel The Battalion WORLD & NATION 9 Thursday, April 6,1989 S&L losses hit record high in 1988 Texas institutions account for $9.7 billion of $11.1 billion lost AUSTIN (AP) — The nation’s thrifts lost a record $11.1 billion in 1988 — with losses in Texas account ing for $9.7 billion, industry analyst Alex Sheshunoff reported Wednes day. Sheshunoff said 2,192 institutions — 69 percent of the nation’s 3,174 savings and loans — earned a profit last year, with the record loss con centrated in the Southwest. “Thrifts in Texas lost $9.7 billion, followed by Arizona, where the loss amounted to $657 million,” said Sheshunoff, president of Sheshu noff & Co., an Austin-based infor mation and consulting firm for the banking and thrift industries. The loss numbers reflect Texas’ troubled economy, said the firm’s vice president Stephen Skaggs. The numbers mirror in large part the depressed economy here in the state of Texas, specifically the sluggish real estate market,” Skaggs said, noting that while energy prices fell in the first half of the decade, commercial real estate activity con tinued to boom. “The grossly overbuilt real estate markets — commercial real estate, shopping centers and perhaps even the housing market are reflected in the S&L crisis,” Skaggs said. Other factors included the “very liberal chartering authority here” during the early 1980s, plus limited regulation, he said. Skaggs said it is difficult to say whether the thrift crisis has bot tomed out. “Once the Bush administration and Congress develop a solution (for troubled S&Ls), the numbers will be gin to look better,” he said. “But is there a fundamental change in the factors that contributed to these problems? That’s the difficult ques tion,” he said. “I’m cautiously optimistic that this probably was the worst and 1989 cannot be worse,” Skaggs said. “I say that because some of the biggest S&L insolvencies were resolved, with the assistance of the FSL.IC.” Sheshunoff said nationwide, thrifts face three major challenges in 1989: • Rising interest rates on depos its, which could squeeze the interest spreads on institutions holding sub stantial amounts of fixed-rate mort gages. • A growing inventory of repos- sesed real estate. The industry al ready holds $25.5 billion, more than half of that in Texas, with California a distant second, he said. • Weakening property values in some regions, particularly the Northeast. “Those are three tough challeng es,” said Sheshunoff. “It’s like a three-ring circus. The S&L exec utive has to juggle, tame lions and walk a tightrope all at the same time.” The analyst said that while the thirft crisis is concentrated in the Southwest, the trouble has shaken public trust in thrifts and those who regulate them. He said a recent consumer survey by his company found that 6 percent of depositors had withdrawn money from a thrift because of the indus try’s problems. “I I’m cautiously optimistic that this probably was the worst (year) and 1989 cannot be worse.” — Stephen Skaggs, analyst Bush OKs expanding ban on assault weapons WASHINGTON (AP) — The Bush administration said Wednes day it was expanding a recently im posed ban on the importation of semiautomatic assault weapons. White House press secretary Mar lin Fitzwater said that President Bush accepted a Treasury Depart ment recommendation that the ban be widened, effective immediately. The action expands the ban to cover all imports of the high-pow ered, rapid-fire weapons, Fitzwater said. The previous ban, announced in early March, only covered about 80 percent of imports, he said. Fitzwater said the initial ban on such weapons, including the AK-47 assault rifle, was aimed at fostering “a climate in which reasonable and well-intended people . . . could work out a thoughtful solution” to the proliferation of such weapons. He said the department was im posing a ban on an additional 24 types of guns “to review their suita bility for sporting purposes.” Among other things, he said, the administration wants to make sure that no foreign manufacturer suf fered a needless weakening of its competitive position in the export market, and so therefore the ban was expanded. Calls for such a ban had been prompted by scores of drug-related shootings and the recent slaying of five California schoolchildren. The initial ban on the importation of AK-47s and certain similar weap ons was passed March 14. Haitian troops attempt second military coup PORT-AU-PRINCE, Haiti (AP) — The government declared a state of emergency, ordered troops on maximum alert and censored the news media Wednesday after sol diers revolted and demanded the ouster of Haitian leader Lt. Gen. Prosper Avril. It was the second mutiny within the 7,000-man army since Sunday. In Sunday’s mutiny, Avril nar rowly escaped an attempt to over throw his 6-month-old government. Diplomatic sources, speaking on condition of anonymity, said Avril remained in control. “Our impresssion is that it is not an attempted coup, but rather an in ternal army dispute,” said one West ern diplomat. Another diplomat, who also re quested anonymity, called the situa tion a standoff. “I think they’re just staring each other down,” he said, referring to the rebels and loyalist troops. Avril’s Presidential Guard sta tioned two anti-aircraft guns, four armored personnel carriers and three wheeled cannons inside the compound of the National Palace. Across the Champ-de-Mars Plaza, about 300 supporters gathered out side the Dessalines Barracks, where the rebellion broke out. Smoldering barricades temporar ily blocked nearby streets. Radio reports said rebels seized control of several buildings, includ ing the telecommunications com pany, the state-run central bank, the Ministry of Education and the State Bureau of Statistics. Shops in downtown Port-au- Prince closed early. Pedestrians and motorists fled, leaving the capital’s normally con gested streets nearly deserted at midday. Airlines were forced to cancel flights when workers abandoned Haiti’s international airport. Service had resumed Tuesday for the first time since the abortive coup. Student productions rescheduled after protest PHILADELPHIA (AP) — Things are back on an even tenor at the University of the Arts now that students have been assured their productions won’t be canceled so Luciano Pavarotti can use their stage. About 200 students chanted and danced for five hours outside the university’s administration building Tuesday after learning that their Schubert Theater stage had been handed over to Pava rotti and the Opera Company of Philadelphia. A cracked ceiling beam at the 132-year-old Academy of Music had forced the opera to look for a new home for its April 9 and 13 productions of Verdi’s “Luisa Miller.” Under a settlement negotiated by university President Peter Sohmssen, two displaced student productions will be rescheduled. Group honors 3 for civil rights leadership ATLANTA (AP) —Demo cratic National Chairman Ronald Brown, Roman Catholic Arch bishop Eugene A. Marino and Morns Dees, co-founder of the Southern Poverty Law Center in Montgomery, Ala., have been honored by a civil rights group. The Southern Christian Lead ership Conference marked the anniversary of Martin Luther King Jr.’s assassination by honor ing the three at its I Oth annual “Drum Major for Justice” award dinner Tuesday night. The awards are named after a phrase in a 1968 King speech in which he said he wanted to be re membered as a “drum major for justice.” King was assassinated in Memphis, Tenn., on April 4, 1968. Brown was recognized for his efforts to bring blacks and His- panics into the Democratic Party and for lobbying for civil rights. Marino, of Atlanta, is the first black Roman Catholic archbishop in the United States. Dees has ar gued more than 50 federal civil rights cases, one of which re sulted in a $7 million verdict against the Klan. Mexico continues ban on American pigs MEXICO CITY (AP) — Mex ico continues to turn away U.S. hog shipments at the border to control an outbreak of pork chol era, even though the disease has not been seen in the United States for over a decade, officials said Wednesday. Mexico banned all imports of hogs that are not vaccinated against cholera on March 10 after the disease devastated domestic hog populations in western Mex ico. More than 60,000 hogs have died of the disease, the govern- ment newspaper El Nacional re ported Wednesday. U.S. and Mexican animal health experts are working to set up a meeting next week at an un disclosed location in Texas to re solve the dispute, an official said on condition of anonymity. Nearly all Mexican imports come from the United States. Mexico imported 84,500 hogs to-' tailing about $11.5 million in 1988, nearly all for immediate slaughter instead of breeding, according to U.S. Embassy data. 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