News Digest
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Sign-up and preliminary contests:
Tuesday, October 27, 7:00 p.m.
Court #4 Recreation Center
Men • Slam Dunk Contest
Women • 3 - Point Contest
rlst - $100
2nd-$50
3rd • $25
Six (6) finalists from each contest
will advance to the finals at the
iDevaney Sports Center as
)art of Husker Haunted Hoops on
October 31,1992 at 11:00 p.m.
'UNI Student Athletes are Qflt eligible to participate.
For more information
please call 472-4600.
Banking crisis
not imminent,
regulators say
WASHINGTON — Plenty of
troubled banks remain in danger of
failing, but no banking crisis threat
ens to explode just alterI he election,
senior regulators said Monday.
“A significant number of commer
cial banks remain troubled, and their
assets arc substantial. However, there
should be no so-called ‘December,
surprise,’” Federal Reserve Board
Gov. John P. La Ware told a rare post
adjournment hearing of the Senate
Banking Committee.
Andrew C. Hove Jr., acting chair
man of the Federal Deposit Insurance
Corp., predicted l(M) to 120 banks
with $37 billion in assets will fail this
year and an additional KM) to 125
banks with S76 billion in assets will
fail in 1993.
But the S16 billion in reserves es
tablished by the agency, $6 billion a
year in deposit insurance premium
revenue and a S30 billion line of
credit to taxpayer funds should be
enough to pay for failures, he said.
Hove said it was “simply not the
case” that regulators arc deliberately
holding back on declaring failures
before the election.
Canada constitution reforms
appear headed for rejection
TORONTO—Quebec on Mon
day was heading toward a rejection
of constitutional reforms designed
to put an end to 200 years of Frcnch
English squabbling and keep
Canada united, Canadian televi
sion reported.
The Canadian Broadcasting
Corp. projections were based on
early unofficial returns from the
French-speaking province, which
showed the “No” vole with 58 per
cent and the “Yes” vote with 42
percent.
In Ontario, the “No” vote was
leading with 55 percent, to 45 per
cent for those in favor of the re
forms.
Both results, based on 4 percent
of the vote counted, were compiled
by Canadian Press from federal
elections figures.
Newfoundland, Prince Edward
Island and New Brunswick showed
“Yes” winning about 62 percent of
the vote and “No” about 37 per
cent, Canadian Press said. But in
Nova Scotia, the race was about
even.
Failure of a single province to
approve the reforms in the nation
wide referendum would kill the
deal. Polls pointed to trouble in
Quebec, British Columbia and
Alberta.
The ultimate result of failure
could be the breakup of Canada.
In Quebec, traffic jammed the
streets of downtown Montreal on
Monday night as thousands rushed
home early to cast their vote.
Negotiations were begun ini
tially to dampen secessionist senti
ment in French-speaking Quebec
by granting it special status. In
more than two years of debate,
discussions widened to include
changes demanded by other prov-.
inccs and aboriginal people.
When the referendum campaign
began six weeks ago, the “Yes”
side was considered a shoo-in.
Opposition quickly grew.
Many Canadians and many came
to think of rejecting the reforms as
a way to get back at Prime Minister
Brian Mulroncy.
Referring to the document signed
by Mulroncy and the premiers of
the 10 provinces, the referendum
asks: “Do you agree that thcconsti
union of Canada should be renewed
on the basis of the agreement
reached on Aug. 28, 1992?”
“It’s kind of a confusing vote
because I think there arc a lot of
people who don’t know exactly
what they’re going to do,” said
Dcrcck Harnett, who stood in the
rain waiting to vote at a polling
station in Newfoundland.“I’m still
not sure what I’m going to do.”
The referendum was really a
non-binding plcbcscilc. The con
stitution can be amended only with
approval of the federal Parliament
and the legislatures of all 10 prov
inces.
Mulroncy'kaid that if the pack
age failed in any one province, the
deal was dead. It would be “mor
ally unacceptable” for a provincial
legislature to pass the reforms al ter
rejection by its voters, he said.
The overall national vote in this
nation of 27 million people was
less important than results from
individual provinces. The crucial
test was in Quebec, the second
most populous province, where
polls indicated a majority of voters
would vote “No.”
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Perot repeats claims
of GOP political tricks
Koss Perot look over a campaign
briefing in Dallas on Monday and
angrily repealed his suspicions lhal
the Republicans had concocted a plan
to smear his daughter and sidetrack
his candidacy.
However, Perot
conceded that he
had no direct evi
dence of any dirty
tricks, and the press
secretary to Presi
dent Bush likened
Perot to a “crazy
man” who believed
in UFOs.
Perot said he was trying to reduce
the subject to a “one-day story” and
return the debate to presidential is
sues.
H is surprise appearance at his son ’s
news conference, telecast live by
CNN, caused a sensation as Perot
discussed how he had been a victim of
death threats, wiretapping and politi
cal tricks.
The Bush campaign issued a state
ment saying it had never “attempted,
directly or indirectly, totap Mr. Perot’s
telephones, disrupt his daughter’s
wedding, alter photographs of Mr.
Perot or his family, or lake any other
action to interfere with the private
lives of Mr. Perot or his family.”
Perot reiterated his belief thaf Re
publicans threatened to release to the
tabloids a doctored photograph to
embarrass his daughter, Carolyn, just
before her wedding in August. That
threat was the real reason he pulled
out of the presidential race in late
July, he said.
I decided it was a risk I should not
take, could not take, did not have to
take,” Perot said in a combative ses
sion with reporters. “I adore her. And
I would not risk ruining one of the
most important days of her life, and I
Marlin Fitzwatcr, the president’s
chief spokesman, responded by call
ing Perot a “crazy man.”
Nebraskan
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- a
I’m asking a respon
sible news media who's
going to listen to these
charges and carry this
crazy man 's theories to
at least look into the
veracity and report to
the American people.
Fitzwater
Bush's chief spokesman
-99 ~
“I'm asking a responsible news
media who’s going to listen to these
charges and carry this crazy man’s
theories to at least look into the verac
ity and report to the American people,”
he said.
Perot “seems to have latched onto
this theory much like other people
latch onto UFO theories,and he seems
to believe it,” Filz.watcr added.
Clinton said he wanted to win back
Perot supporters who may have strayed
from the Democratic ticket.
“You don’t interrupt your oppo
nent when he’s making a fool ol
himself,” Clinton strategist Paul
Begala >*iid.
Clinton said he felt that the Repub
licans had been hoping “that the anti
Bush vole will be divided and he
(Bush) can sneak up through the
middle.” The Democratic nominee
added, “This fight that Perot and Bush
are in right now may make that more
difficult.”
II the American people “want to
replace George Bush, they only have
one practical alternative,” Clinton
said. “I’ve got a chance to replace
him.”
Perot was airing an hour-long com
mercial prior to Monday Night Foot
ball on ABC.