Bush Cuts Funding by $16.1 Billion Apartheid: an Insider's View Dow Average Rises in Heaviest Trading Since

The Daily Campus Serving the Storrs Community Since 1896 Vol. XCIII No. 27 The University of Connecticut Tuesday, October 17, 1989 Bush cuts funding Apartheid: An insider's view By Veronica Korn by $16.1 billion Daily Campus Staff WASHINGTON (AP) — President Bush signed an order Monday Claims by the South African night cutting federal programs by SI6.1 billion after giving up government that economic hopes for a last-minute compromise with Congress. sanctions and corporate divest- "It's the law. We're ready to implement it," said White House ment in that country threaten press secretary Marlin Fitzwater. He said that, while the black employment op- administration had sought to avoid the almost across-the-board cuts portunities are only propa- triggered by the nation's Gramm-Rudman budget-cutting law, "it ganda, said former South might even be good" if the budget ax does fall. African newspaper editor and The order Bush signed shortly before 7 p.m., to take effect at author Donald Woods. midnight, was largely procedural as the spending cuts were auto- Woods told the audience last matic under the law. night in von dcr Mchdcn "We'll continue to work with the Congress" in seeking to de- Recital Hall that sanctions de- velop a compromise to reduce the deficit to roll back the spending prive the conservative govern- cuts, Fitzwater said. "But there is some feeling here that (the auto- ment of tax revenue and harm matic cuts) are the way to go. It will reduce spending in a very ef- only the approximately one fective fashion." percent of blacks employed by "Everyone's going to have to take in their belts," he addcd."It American and foreign-based will have a hit, there's no doubt about it." corporations in South Africa. Earlier, budget director Richard Darman said "we are doing what Woods was declared a banned the law requires." person in 1978 when he was The cutbacks arc required under the Gramm-Rudman law because editor of the liberal South of the failure of Congress and the White House to agree on a African newspaper The Daily deficit-reduction package. Dispatch, and he is the biog- The only hope for averting the cuts had been for the House and rapher of the late Steven Biko, Senate to agree to a compromise budget-cutting bill and send it to leader of the Black Conscious- Bush for his signature by midnight. ness Movement. Such quick work was made virtually impossible by the situation The businesses were "doing on Capitol Hill. The House version of the measure was studded good to such few ... and paying with dozens of controversial provisions — ranging from Bush's tax revenue to a government cherished capital gains tax cut to an expansion of child care services that was shooting those peo- — and many lawmakers were out of town. ple," Woods said at a press Fitzwater said Bush's order would appear in Tuesday's Federal conference Monday afternoon. —Brendan Gunther/Thc Daily Campus Register specifying the across-the-board cuts in most federal pro- He said the sanctions have South African Donald Woods spoke on his experience grams, outside of Social Security and other entitlements. helped some and said "we in a country where apartheid is socially acceptable House leaders met during the day to see if there was any way to mustn't let up the pressure." last night in von der Mehden Recital Hall. accomplish a lightning-fast completion of a budget-cutting bill, Citing the release of eight acceptable to the White House, by midnight. But this came to anti-apartheid leaders Sunday He said the government re- last one let out," Woods said. nought and the House recessed for the evening. and recent non-violent protests. fuses to give the blacks, 85 During a question-and-answer They said a more attainable goal was for House and Senate lead- Woods, now living in exile in percent of the country's popu- session with audience mem- ers to complete a deficit-reduction measure in days or weeks. England, expressed some opti- lation, the right to vote be- bers, Woods said apartheid "We're going to try to reach agreement with the Senate and avoid mism for his country's future cause they are united and would would have been "doomed" if a sequester as a permanent matter," said House Speaker Thomas S. but said fighting for the right easily win a majority vote. stronger stance had been taken Foley, D-Wash., using the formal name for the Gramm-Rudman to vote will continue to moti- Nelson Mandela, former earlier by the American gov- cuts. vate the black struggle against leader of the outlawed African ernment. Lawmakers have been saying for weeks that they plan to roll apartheid. National Conference jailed for "The United States is too back the cuts as soon as they agree to a compromise on a deficit- "Something has started to 26 years, will probably be of- soft on apartheid because too cutting bill. happen... (but) the South fered release but will refuse it many people fell for the South Imposition of the cuts — as occurred in 1986 and 1987, remain- African government will yield until all other 4,OCX) political African government's half- ing in place the first year, being rolled back the second — is so much and no further. They prisoners have been released truths and lies," he said. nonetheless a political embarrassment to members of both political will yield everything short of from South African prisons, he Woods said the lack of gov- parties, adding to a public perception of a Congress congcnitally the vote. The vote is what it is said. ernment response results bc- unable to do its budget work properly. all about," he said. "He'll insist on being the See page 5 Dow average rises in heaviest trading since '87 crash NEW YORK (AP) — Wall 2,657.38, erasing nearly half whose prices declined outnum- han, manager of equity trading as a repeat of Black Monday, Street averted another Black the losses suffered in last bered those that increased by a at Montgomery Securities Inc. with sharp declines in foreign Monday and had a Blue Chip week's Friday the 13th plunge. 5 to 4 margin in the New York in San Francisco. stock markets and the Dow day instead, as some of the Volume totaled 416.29 mil- Stock Exchange. The 88.12- On Friday, the Dow Jones heaviest trading in history pro- Jones average falling about 63 lion shares, the fourth largest point gain was the fourth average suffered its second- points in the first hour Mon- duced a rally in big-name in history. largest point rise. biggest point drop ever, falling day. stocks and losses in many It was a "reasonably normal "When you get into a period 190 points and raising fears of But after gyrating wildly, the smaller issues. 400 million-share, 88-point like we're in now, there's al- a repeat of Oct. 19, 1987, The Dow Jones average, market settled down in the af- day," New York Stock Ex- ways a flight to quality. People when a Friday decline turned ternoon. Indexes of the Ameri- which represents stock prices change Chairman John Phclan want safety and they want into a Monday rout that of America's 30 biggest indus- can Stock Exchange and over- Jr. joked at a news conference. companies that have cither knocked a record 508 points off the-counter stocks fell, but the trial companies, rose 88.12 In spite of the gains in the documented growth rates or a points, or 3.4 percent, to the average. New York Stock Exchange Dow Jones average, stocks safe dividend," said Robert Ka- Indeed, it started to shape up composite index rose. Commission hears plans for ConnTech buildings By David Collins plans to find private companies to build public hearings: one for a special rooms with saunas. It will liavc 50 to Daily Campus Staff in the park. meeting of the Inland Wetland Agency, 60 employees, according to Bradford E. Proposed plans for a hotel and a The park is located on properly which which consists of the same people that Butt, project manager for ConnTech research building to be built in the is surrounded by Rte. 195, Hunting are on the planning and zoning The $2 million research building will Connecticut Technology Park were Lodge Road, North Eaglevilie Road and commission, and one for the zoning provide offices and laboratories for presented last night to the Mansfield Rte. 44. commission. Both hearings focused on UConn academic departments. Planning and Zoning Commission. The ConnTech Inn and Conference the hotel and research building. The main concerns of the commission ConnTech will be a research park that Center, a three-story, 85-room hotel, The S12 million, 62,000-square-foot were the storm drainage system of the will eventually have 20 parcels of land and the research building, a 31,000- conference center will be built by Con- plots of land that will house the build- designated for light industrial and re- square-foot structure, are the first build- nTech developers and the Hospitality ings and the amount of parking avail- search work, according to Michael Helf- ings, besides Celeron Square Apart- Group of Northampton, Mass., a hotel able for each building. gott, executive director of University of ments, that are planned to be built in management firm. The commission extended the public Connecticut Educational Properties Inc. the park. The center will have an 85-seal hearings until Nov.

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