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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (Feb. 6, 1997)
Swiss to open Holocaust fund 1 , _ ,, _ . , t Wisconsin is 21st state to sue tobacco companies MADISON, Wis. — Wisconsin became the 21st state Wednesday to sue tobacco companies for smoking-related profits and health costs. /The lawsuit accuses eight tobacco companies and three industry groups of conspiring to mislead, deceive and confuse the public about the negative health effects of tobacco use and secondhand smoke. “We must do it to stop future generations from being misled and hooked by dangerous products which will lead to disease and death,” Attorney General James Doyle said. In addition to recouping money spent treating smoking-related ill nesses, the state is seeking all profits the companies have made in Wis consin since 1953, the year researchers’ discovery of a possible link between smoking and lung cancer was first widely reported. Christian I McBride & Joelovano Jazz Bass & Saxophone Photo: © Jimmy Katz Saturday, Feb. 8,8pm Locally sponsored by Berman Music Foundation. A New Voices program supported by Target Stores. KODO Drummers of Japan ip r Tuesday, Feb. 11,8pm Localy sponsored by Union Bank & Trust Company. Tickets: 402-472-4747 or 800432-3231 __ M-F ll-5:30pm On the UNL Campus, 12th & Q ued^enter LIED CENTER FOR PERFORMING ARTS Lied Center programming is supported by the Friends of Lied and grants from the National Endowment for the Arts, Mid-America Arts Alliance and the Nebraska Arts Council. Questions? Comments? Ask for the clr Q vt li appropriate section editor at 472 l\j301^^^y^^y^^^^^^^^ 2588ofejmaildn©unllnfauntedu. Editor Doug Kouma Managing Editor: Paula Lavigne Assoc. News Editors: Joshua Gillin Chad Lorenz Night Editor: Anne Hjersman Opinion Editor Anthony Nguyen AP Wire Editor John Fulwider Copy Desk Chief: Julie Sobczyk Sports Editor: Trevor Paris General Manager: DanShatti! Advertising Manager Amy Struthers Asst Ad Manager: Cheryl Renner Classified Ad Manager: Trffiny Clifton A&E Editor: Jeff Randall Photo Director Scott Bruhn Art Director: Aaron Steckelberg Web Editors: Michelle Collins Amy Hopfensperger Night News Bryce Glenn ' Editors: Leanne Sorensen Rebecca Stone Amy Taylor Publications Travis Brandt Board Chairman: 436-7915 Professional Don Walton Adviser 473-7301 FAX NUMBER: 472-1761 V The Daily Nebraskan (USPS144-080) is published by the UNL Publications Board, Nebraska Union 34,1400 R St., Lincoln, NE 68588-0448, Monday through Friday during the academic year; weekly during summer sessions. Readers are encouraged to submit story ideas and comments to the Daily Nebras kan by calling 472-2588. The public has access to the Publications Board. Subscription price is $55 for one year. Postmaster Send address changes to the Daily Nebraskan, Nebraska Union 34, 1400 R St., Lincoln, NE 68588-0448. Second-class postage paid at Lincoln, Neb. ALL MATERIAL COPYRIGHT 1997 DAILY NEBRASKAN $71 million meant to encourage more contributions, bank official says. GENEVA (AP) — Hoping to end an acrimonious dispute with Jewish groups, three Swiss banking giants announced Wednesday they would contribute $71 million to open a hu manitarian fund for Holocaust victims. Switzerland has come under fire the past 18 months, accused of sitting on up to $7 billion in World War II era bank accounts from Jewish deposi tors that have been untouched for de cades. Credit Suisse, Swiss Bank Corp. and Union Bank of Switzerland said they hoped their contribution would be a “constructive solution” and help ■ solve lingering questions over Jewish assets deposited in Swiss banks before and during World War n. “We have launched this as a be ginning,” said a Union Bank of Swit zerland spokeswoman, Gertrud Erismann. “The intention is that oth ers will also take part.” The $71 million the banks contrib uted was meant as a symbolic gesture, she said. Sen. Alfonse D’ Amato, who has accused Switzerland of acting as Adolf Hitler’s banker, called the announce ment an important first step and an acknowledgment of Swiss wrongdo ing. In New York, World Jewish Con gress executive director Elan Steinberg welcomed the action as a long overdue good-faith measure. He said he is confident that more action will follow to make “full moral and material restitution.” He added that the $71 million did not reflect what may eventually be found in dormant accounts of Jewish victims of Nazi crimes. Swiss officials say the actual amount in its accounts from the Holocaust era is a small frac tion of the billions alleged by Jewish groups and D’Amato, R-N.Y. . Jewish groups called last year for a fund 214 times as large as Wednesday’s as a “gesture of good will” to Holocaust victims and their families who have been trying to trace the whereabouts of loved ones’ assets unclaimed since the war. D’Amato has accused Switzerland of laundering gold and valuables looted from the central banks of occu pied countries and from the 6 million Jews sent to their deaths by the Nazi regime. The New York senator accused the Swiss of intentionally stalling and deliberately using their famous bank secrecy laws to outlast Holocaust sur vivors who are growing old and dy ing. I 1 Dean Witter, Morgan Stanley combine to make world’s largest securities firm. NEW YORK (AP)—Dean Witter, the brokerage and credit-card com pany, agreed to a $9.9 billion merger with investment banking giant Mor gan Stanley to create the world’s big gest securities firm. The announcement Wednesday brings Wall Street directly into the merger frenzy that has swept corpo rate America. Once again, the driv ing force is the strategic advantage of combining with a company that has complementary strengths. Dean Witter, Discover & Co. is strong in the “retail” brokerage busi ness, selling stocks, bonds and such to the public. Morgan Stanley Group Inc. is a powerhouse in mergers and in underwriting securities. The stock-swap merger will create a new company called Morgan I Source: companies Stanley, Dean Witter, Discover & Co. with annual revenue of $12 billion. The combined company will man age $270 billion in financial assets, the biggest of any securities firm, Dean Witter chairman Philip Purcell said in a statement. It will be valued in the market at $21 billion, compared with current industry leader Merrill Lynch & Co.’s $14.1 billion. Wall Street appeared enamored AP/Wm. J. Caste! lo with the deal, the biggest combination of two securities firms. Morgan Stanley shares shot up more than 13 percent, or by $7.50, to $64.87 1/2 by early afternoon on the New York Stock Exchange. Dean Witter was up more than 4 percent, or $ 1.62 1/2, at $40.25. For Morgan Stanley, the merger represents a continuation of efforts to expand beyond its corporate clients into mainstream America. -T , DEAN WITTER gj DISCOVER | | Market capitalization (2/3/96): $113 billion | 11996 pre-tax income: L5 billion | 119% net revenue: 62 billion § ‘ v&'V-v. Market capitalization (2/3/96): $2L3 billion §; 19% pre-tax income: 3.1 billion fi 19% net revenue: 110 billion Market capitalization (2/3/96): $9.0 billion || 19% pre-tax income: 1.6 billion || \ 19% net revenue: 5.8 billion f • Working up a drool LOS ANGELES (AP) — On a trendy stretch of Santa Monica Boulevard, Eron hops out of a black Jaguar, runs across the parking lot and enthusiastically enters the gym. Strong, lean and confident, he fairly ignores Chayla, an aspiring actress begging her personal trainer for another round on the treadmill.. Eron—a German shepherd — is the epitome of fitness chic as he dives into the lap pool. At The Total Dog Inc., Eron and about 25 other clients pound their paws on a treadmill, swim laps in the pool and navigate an outdoor agility course. ttivu l/TTUVIO kmvui \JJ 11* “I think animals probably get that exercise high more than people,” said Esther Solomon, Eron’s owner. _ The athletic center, one of the first of its kind, opened last fall and boasts physical therapists to mas sage achy muscles, personal train ers who develop workout and * weight-reduction programs, a cer tified chiropractic staff and even acupuncture. While the dogs work up a drool, owners can sweat right along with them on a stair climber or exercise bike. Although some may howl at the prospect, owner Annie Wald said her new business is a serious way to keep young dogs healthy and rehabilitate the old and injured. “We truly are committed to the Matt Haney/DN total health of dogs,” she said. It’s not a place for the vain or lazy pet owner. “We’re not a kennel,” Wald said. Staffers encourage owners to work with their dogs during each session — generally 20 to 30 min utes — and any dog coming in for rehabilitation needs a veterinarian’s recommendation. Solomon brought Eron, 10, in to halt muscle atrophy in his hind legs. The shepherd has been work ing out twice a week for a little more than a month. “The veterinarian noticed he had put on four pounds, and most of that was muscle mass,” said Solomon’s husband, Theodore. The lap pool is equipped with an overhead track and cable sys tem that attaches to a flotation vest worn by the dog. It’s a low-impact workout for Eron. Total canine fitness isn’t cheap. I Most exercise sessions run between $12 and $20 each. Wald recom mends at least two sessions a week. Therapy — massage, chiropractic or acupuncture—ranges from $32 to $200 per session. Staff chiropractor Anita Sant’Angelo said animals ire ex cellent candidates for alternative health care. “They don’t have any of the mental blocks against it that people often do,” she said.
