The Battalion
WORLD & NATION
Tuesday, August 8,1989
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Shrimper’s controversy continue
Opponents plan to file suit, saying Mosbacher’s plan falls shon
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September 21,1989
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WASHINGTON (AP) — Com
merce Secretary Robert Mosbacher
ordered shrimpers Monday to begin
checking their nets every 105 min
utes for entangled sea turtles, but
environmentalists said the limited
trawl times are inadequate and
promised to file suit by midweek.
“We don’t think the secretary’s
proposed regulations comply with
the law, and we’re going to challenge
it in court,” said National Wildlife
Federation spokesman Charlie
Miller.
Miller said the government’s own
studies show an 18 percent sea turtle
mortality rate when 105-minute tra
wling limits are used, “and when
you’re dealing with endangered spe
cies that’s simply unacceptable.”
Mosbacher, whose rule was to take
effect at 12:01 a.rn. EDT Tuesday,
predicted compliance with the limit-
Te
6i
We don’t think the secretary’s proposed
regulations comply with the law, and we’re going to
challenge it in court.”
— Charlie Miller,
Nat’l Wildlife Federation spokesman
be allowed to have their netuB
water only at specified times,
minute period would folloioHr* 4
trawling would be prohibited. |G
For example, ti.tiding v .
authorized from midnight toB
a.in., with no trawling allowed® .
1:45 a m. to 2:15 a.m. ThertiM|
the day would similarly be bHr * as
into specified trawling times. Ilj p!
ing trawling times would be far bet
ter than with the turtle excluder de
vices that shrimpers loathe.
But conservationists said only
TEDs can save the endangered
Kemp’s ridley sea turtle from a quick
extinction.
U.S. District Court Judge Thomas
Hogan, who last week ordered Mos
bacher to begin protecting sea tur
tles from drowning in shrimpers’
nets by Monday, had not ruled on
the Commerce plan by late in the
day. Conservationists said a ruling
was not expected until midweek.
Commerce spokesman Brian Gor
man said that since Hogan had not
issued an order against Mosbacher’s
rules by the close of business, the
agency “can safely assume” the
emergency regulations have been ac
cepted.
Under the temporary rules, fish
ermen who do not use TEDs would
twling times.
“These uniform trawling
will improve enforcementand^fj 15
sequently save more turtles tliti^B c ^ i(
improved compliance,” accordtB
Commerce documents filedicBS* 1 l() ,
eral court. leas ' J
"fin ause there is so much : C(Ml
tion to the TED regulations,coi^B es
ant e has been very low in iB. on
areas,” the court documentsaiiM e .
is, therefore, likely that mam 1
are dying in the nets of thw 1 , K *
refusing to use;g |st()
Sixl
ers who are
Officials warn against con artists who use
God’s name in bogus investment schemes
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WASHINGTON (AP) — Con art
ists invoking God’s name as endorse
ment for investment schemes are
working religiously to cheat thou
sands of Americans out of hundreds
of millions of dollars, state securities
regulators warned Monday.
In a survey titled “Preying on the
Faithful: The False Prophets of the
Investment World,” officials said
that quick-buck artists have cheated
15,000 believers out of $450 million
since 1985.
The scams have ranged from bo
gus investment funds offered by
self-proclaimed “born again” finan
cial planners to givers of “divinely
inspired” investment advice about
coins, precious metals, real estate
and oil drilling programs.
And no religious group appears
to be more or less susceptible to
fraud. State securities regulators
have investigated schemes preying
on black Protestant churches, Greek
Orthodox congregations and His
panic Catholic parishes.
“The problem here is not religion,
but the growing number of con art
ists who are cynically exploiting reli
gious faith in order to fleece unsus
pecting members of the flock,” John
C. Baldwin, president of the North
American Securities Administrators
Association, told a Washington news
conference.
“Greed and gullibility cut across
all religious denominations,” Bald
win said, noting that victims’ invest
ments ranged from $2,500 to
$250,000.
Baldwin, who is director of the
Utah Division of Securities as well as
head of the national organization of
state-level securities regulators,
added that “religiously-oriented
swindles are one of today’s hottest
tickets for investment con artists.”
The national survey, a joint effort
of NASAA and the Council of Better
Business Bureaus, detailed probes of
investment schemes with religious
overtones in 15 states.
person, the church or their deeply
held religious beliefs, if they think it
will work,” said James H. Mcll-
henny, president of the Better Busi
ness Bureau council, adding “They
will do anything they can to take
their 30 pieces of silver.”
1 he former treasurer of oneo:l
largest Baptist churches in AlaiJ
officials said.
Con men “will go to any length,
including the exploitation of the
Officials noted that scam victims
have come from all walks of life —
even a U.S. congressman.
Rep. William Dickinson, R-Ala.,
was among 193 investors taken for a
total of $18 million by Steven Streit,
“He never invested any o(:
money,” although he pmj
monthly bogus account stater
with a Bible verse at the
Robert Rash, director of the I
bama Securities Commission,sa::
Streit bilked “virtually en
prominent businessman in
Huntsville area,” Rash said.
Ag department budgets $5.5 millioij
to improve living in border colonial ^
waQfpv
WASHINGTON (AP) — The Agriculture Depart
ment announced Monday it would target $5.5 million
to improve living conditions in colonias along the south
ern border.
Agriculture Secretary Clayton Yeutter said the suc
cess of a colonias program, however, will depend on
close cooperation among state, local and federal offi
cials.
“First, we must have the assurance of public authori
ties that future development would be controlled so
that new colonias do not crop up,” Yeutter said in a
statement.
the four border slates in fei
tnur
prod u
gest p.
Th<
n ini
num c
laimi
isks.
arm!
and pi
wastes
the tc
toxic v
D
BATMAN (PG-13)
No PaHMitto Coupon.
VIP Pm«m at hWnM Ortf
2:00 4:30 7:00 9:30
INDIANA JONES AND THE LAST
CRUSADE (PG-13)
2:00 4:35 7:00 9:45
“Second, state and local governments should demon
strate their commitment and concern by providing
some degree of matching funds,” he said. “And finally,
the leadership must include the active involvement of
public entities in the area.”
According to Rep. Kika de la Garza, the $5.5 million
would be available t
loans and grants.
The chairman of the House Agriculture Commiii
de la Garza said Monday’s decision indicates them
mitment of USDA and the Farmers Home Adminis
tion to improving the quality of life for colonias
dents.
Colonias, unincorporated communities along: j|L
border, are frequently without rinmmg uaic;. ■;
systems or paved roads. As many as 1 10,000 people S’
in Texas colonias, de la Garza’s office said.
De la Garza, a Mission Democrat, said hehadaili i
Yeutter and FmHA officials to give higher priorim I AD
the housing, water and sewage treatment needs ini I Crews
poverished colonias. I ln g L
“When I met with Secretary Yeutter recently toi IThurs
cuss colonia problems and some possible measuresi |‘ Ite pi<
could take, he was immediately receptive to helping! |rescue
de la Garza said.
PARENTHOOD (PG-13)
to PimtfNo Coupontto VP Pam*
2:15 4:45 7:15 9:45
TT>0 Karate Kid 3 (PG)
UHF(PG-13)
Bush will sign $50 billion S&L bailout legislation
SHAG (PG) 2:20 4:15 720 9:15
Friday tha13th PartVIH (R)
No Pomm/No Couporm/No VIP Tic Kata
2:15 4:15 7:15 9:15
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Every Student is Eligible for Some Type of
Financial Aid Regardless of Grades or Parental Income.
We have a data bank of over 200,000 listings of scholarships, fellow
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funding.
Many scholarships are given to students based on their academic interests,
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There's money available for students who have been newspaper carriers,
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1
WASHINGTON (AP) — President Bush in
tends to sign historic savings and loan legislation
on Wednesday and the Treasury will borrow the
first $5 billion installment for the bailout one day
later.
Bush will sign the bill in a White House cere
mony, almost exactly two years after the last pre
vious bailout of the S&L insurance fund, said
congressional and administration sources, who
spoke on condition of anonymity.
The insurance fund was last rescued on Aug.
10, 1987, with $10.8 billion in industry money.
This time, the taxpayers will shoulder the bulk of
the costs.
Congress broke a two-day standoff early Sat
urday morning by passing the S&L bill and leav
ing for a monthlong vacation, six months after
Bush called for emergency action within 45 days
to close or merge 500 insolvent thrift associa
tions.
Legislators gave Bush virtually everything he
requested, forcing the administration to compro
mise on only a few points.
“It’s a very good bill,” said Richard Breeden,
Bush’s chief adviser on S&Ls. “We’re very happy
with it. There are compromises built into it, but
on the whole it gives us the tools to begin reduc
ing this problem that has gnawed away at the Fi
nancial structure for years.”
The legislation calls for the government to
borrow $50 billion over the next 26 months, $20
billion before the 1989 fiscal year ends on Sept.
30, and $30 billion in 1990 and 1991.
The Treasury Department said it will!
the first $5 billion on Thursday by aucticj
247-day cash management bills, which theff
eminent must repay on April 19.
The bills, along with an additional $151)
in short-term debt to be issued before T
will be refinanced when they come dueasf
the Treasury’s regularly scheduled borro*|
program.
Of the $20 billion to be raised over then
eight weeks, officials say $15 billion)
jected into ailing S&Ls to replace high-ratectl
icates of deposit.
The goal is to lower the operating lossesai j
of the worst institutions, already undergo'
ment control, until regulators can rescuetl
permanently.
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PARTHENON
Tues., August 8
764-8575
WA:
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