hy • October 28, 1994
THE BATTALION
The Battalion • Page 3
CINEMARK THEATRES
oubts arise over Bushs stock dealings
WASHINGTON (AP) — Secu-
Bs and Exchange Commission
aments cast some doubt over
jjorge W.
h’s explana-
[on about his
tale of stock in
company
Jeral weeks
lefore it report-
id a $23 mil-
ion loss.
JBush denies
wrongdoing,
the case
ias emerged
an issue in
the Texas governor’s campaign,
ush, the eldest son of the
[Tier president and Republican
didate for governor, contends
“sold into good news” on June
1990, when he unloaded
0,000 in stock — nearly two-
rds of his holdings — in
Bush
ima Epsilon
at
ay.
Harken Energy Corp. Bush
served as director and paid con
sultant to the Dallas-based oil
company, but left the company’s
board in 1993.
Texas Gov. Ann Richards is
aggressively talking about an
SEC investigation and other
Harken matters in the cam
paign, saying they raise signifi
cant questions about Bush’s
business record. “I think that
George Bush means very well,”
Richards said in Dallas last
weekend. “But I think the
question of qualifications is re
ally important.”
Bush countered the governor
by accusing Richards of nega
tive campaigning.
“I’m proud of my business
record. I think attempting to
smear my business record is sim
ply a diversion away from the is
sues that face Texas,” he said.
Bush’s attorney, Robert Jor
dan, defended Bush’s “selling
into good news” statement, say
ing the loan restructuring “was
extremely good news to the com
pany because it showed the
supreme confidence of these two
major shareholders in the future
of the company.”
The SEC investigated George
W. Bush for possible insider
trading, the allegation of sell
ing the stock with an insider’s
knowledge of non-public, mar
ket-moving news, such as a
poor earnings report.
The agency, which polices the
securities markets, finished its
investigation of the Bush trades
on Oct. 18, 1993.
Jordan correctly noted that
details of the Harken loan re
structuring had been publicly
disclosed at the time.
“My sale of Harken stock was
entirely legal and proper,” Bush
said this month. “I sold into
good news, not bad news,” he
told the Austin American-
Statesman newspaper in 1993,
and he has made similar state
ments elsewhere.
Bush, a member of Harken’s
audit committee, sold 212,140
shares of Harken Energy Corp.
on June 22, 1990 for $4 a share
— eight days before the end of
the company’s poor second quar
ter. The company formally re
ported the second quarter re
sults on Aug. 22: a $23.2 million
quarterly loss, which sent
Harken’s stock down 44 percent
to $2.37 1/2 a share. The stock
later recovered from that plunge.
Bush, who was traveling
Wednesday and Thursday, was
n’t available to discuss the loan
restructuring, his campaign of
fice said.
Political race highlights
abortion issue for Texans
•am
lowledgeal
to eachs
ill be abl
departm
irses in j»
rnalism i
e kind of i
e will be
Ity,’ Horr.
nent has
itherunivi
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lism
AUSTIN (AP) — Democratic
Ann Richards told cheering
adents at the University of
[T^xas on Thursday that a worn
’s right to choose abortion is
issue in her race with Repub-
an George W. Bush.
|“This is about whether a
man is going to Continue to be
lable to exercise her right to
oose. This election is about
whether or not government is ...
ing to get in and mess around
your private life,” Richards
jid, campaigning with singer
onnie Raitt.
A newspaper column quoting
ush as saying, “I will do every-
ling in my power to restrict
bortions,” elicited boos from the
owd of about 1,200 when cited
Ms. Raitt. She has also done
radio ad, calling Richards “the
dear pro-choice candidate.”
Bush, meanwhile, cam
paigned in Houston with his
ife, Laura, and his mother, for-
first lady Barbara Bush,
o said in her memoirs that
she supports abortion rights.
Bush was asked whether his
mother is clos
er to Richards
than to him on
that issue.
“My mother
is going to vote
for me just like
a lot of other
women are go
ing to vote for
me,” Bush said
after speaking
to thousands of
cheering ele
mentary school students, all
from Houston’s Spring Branch
district at an anti-drug rally.
“Both of us agree that minor
daughters ought to have their
parents’ consent prior to getting
an abortion. Ann Richards does
not agree with that. Most Tex
ans agree with me on that is
sue,” he said.
Bush has said he would work
to find “common ground” to re
duce the number of abortions.
Richards
Lone Star
Continued from Page 1
“We need to solve problems for
people, not create them,” he
said. “People want to talk about
crime and education.”
Thompson, who has worked
in education during all of his
adult life, said he is convinced
he has a feel for what Texas citi
zens want for their children.
“People are interested in a
quality education for their chil
dren,” Thompson said. “I know
a thousand people around the
state and have visited many
school districts and have visited
all 254 counties. People care
about education.”
Thompson is concerned about
the decreasing amount of fund
ing for education in the last sev
eral years.
"I believe Texas has one of
the five best education systems
in the world,” he said, “but it
could deteriorate if funding does
not increase.
“To be honest, the bottom line
of Operation Lone Star is to seek
more public funding.”
Of the eight System universi
ties, which Thompson affection
ately refers to as “Snow White
and the Seven Dwarfs,” Texas
A&M University will constitute
a large part of the information
sent out because it is the largest
in the System.
However, Thompson empha
sized Operation Lone Star is
about the entire System.
Thompson plans to involve
student leaders in his operation.
Brooke Leslie, student body
president, said she looks for
ward to speaking before the
state legislature in Austin as a
student representative of the
A&M System.
“Operation Lone Star cannot
hurt us (the University),” Leslie
said. “It can have nothing but
positive consequences.”
He plans to work closely with
Regents, System university
presidents and agencies, such as
the Texas Agricultural Exten
sion Service and Texas Engi
neering Extension Service.
He is appointing a 30-person
statewide advisory committee to
help him reach different areas of
the state and report to him. The
committee will include people
within and outside the System.
Thompson said that this week
he was in the final stages of
choosing his advisory committee.
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|the AGGIE games]
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L_ PtMtit h/CL foiii/tiuptwi ctffu tCS45-t545 tiiitfitrmtsspirit/ndi. k/tnfiuCittitfisttm
V JW triufjJ mtr£i*p dtpsprri- tt tit tt-ttC tt mlU <x Ct utirtptt tt tit Itst tft ttr tiittp.
\The GolfAtttA THERE'S A LOTTA GOLF
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PHYS 201
Practice Test
Dr. Yarick
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Review CH 9,
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CH 20, 29
TUE 11/1
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CHEM 102
CH 21
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ACCT 230
CH 4, 5,
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