New Braunfels Herald Zeitung, December 12, 1985, Page 3

Publication: New Braunfels Herald Zeitung December 12, 1985

New Braunfels Herald Zeitung (Newspaper) - December 12, 1985, New Braunfels, Texas Briefly NationG.E. agrees to buy RCA NEW YORK (AP) - GE and RCA, two of America’s best known companies, are planning one of the nation’s biggest corporate marriages, a $6.28 billion cash deal that would be the most expensive non-oil acquisition in U.S. history. The merger, announced Wednesday night by General Electric Co., would end months of speculation that RGA Corp., parent of the NBC television network, might be the target of a hostile takeover. It also would bring together two companies known to millions of consumers for home appliances and create the nation’s seventh-largest industrial company based on combined 1984 revenues of nearly $40 billion. That would be the biggest acquisition in U.S. history outside the oil industry, topping the $5.6 billion purchase of General Foods Corp. last month by Philip Morris Inc.Reagan to sign debt limit WASHINGTON (AP) — President Reagan was set today to sign landmark legislation setting the national debt limit at more than $2 trillion while mandating an end federal budget deficits by fiscal 1991. A White House statement said the president would sign the measure “first thing in the morning” as a battle-weary Congress struggled to finish work for the year on needed money bills. In the House, meanwhile, legislators considered whether to revive Reagan’s battered plan to overhaul the federal tax laws after it suffered a stinging 223-202 setback on Wednesday.School, teacher settle over video PEORIA, 111. (AP) — A gym teacher fired for showing classes a videotape of scantily clad male dancers for a lesson on aerobics has dropped her fight to be reinstated in exch6anle for $19,000 in back pay and benefits, her lawyer says. In exchange for $60,000 in back pay and retirement benefits and $9,000 in medical disability pay, Alice Zook wil stop clenging her 1984 dismissal and resign, attorney Michael Radzilowsky said Wednesday. Limestone High School in Bartonville, just south of Peoria, also agreed to drop an appeal of a court’s order that it reinstate Zook, 50. The 20-year teacher was fired in April 1984 for showing a tape, “Muscles in Motion,” to more than IOO high school girls. The male dancers are clad in tight shorts or blue jeans, no shirts and bow ties.Texas loses 200,000 acres of state land annually AUSTIN (AP) - The Texas Parks and Wildlife Department says space satellites indicate the state may be losing 200,000 acres of open space each year, mostly to urban development. “Considering the minimum average of 8,400 acres annual loss from the cities studied and given there are 25 metropolitan areas, it is possible that some 200,000 acres of open space are being converted to urban development each year,” said Dr Craig McMahan, director of planning program for the Parks and Wildlife Department. He said portions of Travis and Hays counties west and south of Austin showed a 44 percent increase in urban building between 1973 and 1979. Northern Bexar County and northwest portions of San Antonio had a 70 percent increase in urban development. The Dallas-Fort Worth area expanded 21 percent between 1973 and 1981. Northern parts of Houston showed a growth of 50 percent. The department said it also studied the conversion of high quality wildlife habitat from mixed-hardwood-pine stands in East Texas. In a 1,460 square-mile area near Lake Livingston the amount of clear-cut acre clearance increased from 86,000 acres to 122,500 acres, or 41 percent.Neighbors description leads to arrest in killing WEST, Texas (AP) — A neighbor’s description of a red-and-white pickup truck seen in front of a murder victim’s house led to the arrest of two men and the recovery of several items stolen from the residence, investigators said. Clifton Eugene Belyeu, 38, of the Athens-Corsicana area and Earnest Ray Moore, 21, of Wink, were charged Wednesday with capital murder in the slaying Tuesday morning of Melodic Lundgren Bolton, 35, wife of a prominent car dealer. Following their arrest in Cleburne, Belyeu and Moore were transferred to the McLennan County Jail Wednesday morning. Justice of the Peace David Pareya ordered them held without bond.United ticket is said to help Marcos foes MANILA, Philippines (AP) — Corazon Aquino today said her last-minute unified ticket with Salvador Laurel boosts opposition chances of defeating President Ferdinand E. Marcos in special elections, and declared, “I see victory.” “All of the anti-Marcos votes will be consolidated now because there is just one ticket,” Mrs. Aquino told a news conference at Laurel’s home, hours after he registered as her vice presidential running mate. “The team we have forged offers not only hope, but a realistic and powerful opportunity to prevail.” But at the presidential palace, Marcos said, “I do not of course expect them to win in the coming elec tions. There is not one single survey out of about IOO surveys that have been conducted where they are (projected to win) in the election.”Mexico gets millions in earthquake relief aid MEXICO CITY (AP) - The National Fund for Reconstruction from the devastating September earthquakes has received $62.3 million in donations, the government newspaper El Nacional reported Wednesday. It said the donations include 25.3 billion pesos — the equivalent of $53.8 million at the current free-market exchange rate — plus $8.5 million in dollars Damage from the Sept. 19 quake measuring 8.1 on the Richter scale and a slightly less powerful quake the next day has been estimated at $4 billion. At least 7,000 people died. El Nacional said the report was presented during a meeting of the Financial Affairs Committee of the National Commission for Reconstruction. The panel is headed by Treasury Secretary Jesus Silva Herzog It said that 6 billion pesos — about $12.9 million — already had been committed to repairs or replacements of schools and hospitals. The committee also announced that economic incentives would be provided to companies affected by the earthquake that maintain their work force at the same level as before the disaster. Three Texas cities make the top 10 AUSTIN (AP* - Three Texas cities were among the top IO nationally in total construction activity during the first half of 1985, according to the Dun & Bradstreet Corp Dallas ranked third, while Houston was sixth and Austin seventh, according to figures compiled by the firm. During the period, Dun & Bradstreet said, permits were issued in Houston for $707.4 million in construction, an increase of 23 7 percent from the first half of 1984 For Austin, $628 2 million in permits were issued, an 11 9 percent increase But Dallas showed a sharp drop, down 24 6 percent to $1.15 billion According to the figures, it was the only city in the top IO where construction activity decreased. Dallas had ranked second in the nation for the first half of 1984. while Houston had ranked fifth Austin also ranked seventh last year. New York based Dun & Bradstreet issues quarterly reports on construction volume in the nation’s 200 largest cities. Overall, those cities saw a 5 2 percent increase in construction volume for the first half of 1985, The other top IO cities and their rankings were Los Angeles, first; New York, second; San Diego, Calif, fourth; Phoenix, Ariz., fifth; Nashville, Tenn , eighth; Chicago, ninth, and Indianapolis, loth The city showing the largest percentage change was Trenton, N J., where construction volume during the first half of the year increased 786 5 percent. Austin has been among the top construction markets in the country for the past IO years, Gearhart said. Since 1977, when Austin ranked 21st, it has gradually climbed in the ranking In 1982, Austin cracked the top IO, ranking seventh. It slipped to 10th in 1983, then moved back to seventh in 1984 Austin was the nation’s 72nd largest city in population in 1963 Gearhart said Austin’s record of strong activity bodes well for the city’s future construction, despite fears of overbuilding. Hwrald-Zeitung (USPS 377-880) lf you have not received your paper by 5:30 p.m. Tuesday through Friday or by 7:30 a m. Sunday, call 625 9144 or 658 1900 by 7 p.m. and 11 a.m., respectively. Published Sunday morning and Tuesday, Wednesday, Thursday and Friday afternoon by New Braunfels Herald Publishing Co., 186 S. Casted Ave., New Braunfels, TX 78131. Second class postage paid at New Braunfels Herald Publishing Co., 186 S. Casted Ave., New Braunfels, TX 78131. Dave Kramer .... Editor/Gen. Mgr, Susan Haire Managing Editor Claude Scruggs.......Publisher Shirlene Thornton . Office Manager Saudi Hutter Asst. Adv. Mgr. Cheryl Br/ozowski .... Class. Mgr, Don Avery . . . Circulation Manager Carol Avery . Photocomp Foreman Gus Elbel........Press    Foreman Patricia Yznaga King . . . City Editor Wanda Lasater Kaleidoscope Editor David King........Sports    Editor Subscription Rates (Includes applicable sales tax) Carrier delivery in Comal, Guadalupe, Hays, Blanco and Kendall Counties: 3 months, $10.78; 6 months, $18.82; one year, $33.64. Mail delivery outside Comal County, In Texas: 3 months $18.92; 6 months, $33.64; one year $63.08. Mail outside Texas: 6 months, $42.00; one year $70.00. Postmaster:    Send address changes to P.O. Drawer 361, New Braunfels, TX 78131. US Cdunrnmeiit Guaranteed 9.65 % Guaranteed aa la principal Tnsure^ertlTIcat#^^ Of Depot)! SS MO SIM OM •• enactive mo os 9.20°/o Insured federal Income Tai-Sraa e Municipal Bonds Federal probe exposes massive drug ring HOUSTON (AP) — A federal grand jury indicted 44 people, a McAllen bank and two companies for their alleged roles in what authorities say is one of the coun try’s largest narcotics and money laundering rings Two of the indicted are uncles of a man accused in the slaying of a federal drug agent last March, and authorities say the drug ring and the agent’s killing may be related “This is probably one of the biggest narcotics trafficking rings uncovered in this country,” Henry On cken, assistant U.S. attorney in Houston, said Wednes day. “If ifs not the biggest one, it ain’t far from it.” The indictments returned Monday in San Antonio and unsealed Wednesday resulted from a two-year probe spearheaded by the Houston-based federal Organized Crime Drug Enforcement Task Force, created in 1983 to uncover major narcotics rings break up drug money laundering schemes Twenty-six people were arrested in the case Wednesday. authorities said. The arrests included 21 people in South Texas, three from Houston, one in New Braunfels and one in Chicago. The indictment was returned five days before U.S. Attorney General Edwin Meese is scheduled to meet in San Antonio with Attorney General Sergio Garcia Ramirez of Mexico to discuss drug imports from Mexico and snags in the Mexican prosecution of the man charged with the murder of an American federal agent in Mexico Members of the alleged drug ring devised a scheme to make extensive use of about 40 banks in Texas, California. New York and the Cayman Islands, to launder millions of dollars in drug profits, according to the 109-page indictment. The racketeering and drug trafficking conspiracy began in 1980 and involved the distribution of marijuana and methaqualone — a hypnotic sedative in Quaaludes imported from Mexico. Authorities say the ring imported more than a quarter million pounds of marijuana into the United States, and the indictments cited one shipment that contained 100.000 methaqualone pills. Profits from the ring were invested in real estate, airplanes, gold, houses, jewelry and a marijuana- processing plant, authorities said. Federal officials already have seized more than $30 million in cash and other assets that allegedly were profits of the conspiracy, and Oncken sa*d “the word we have is that there is some $60 million more than that still out there.” Drug Enforcement Administration Agent Enrique Camarena Salazar was tortured and murdered in March Rafael Caro Quintero has been indicted for the assassination and awaits prosecution in Mexico City The first two of 44 individuals named in the indictment, Juan Jose Quintero-Payan and Emilio Quintero-Payan. are uncles of the murder defendant. Oncken said Federal authorities say they believe the drug ring may somehow be connected with Salazar’s slaying “We think there has been a relationship It's something we’re still looking at,” said Marion Hambrick, special agent in charge of the DEA in Houston. Juan Jose Quintero-Payan. 37, and Emilio Quintero-Payan. 32, both of Guadalajara, allegedly made large cash deposits in U.S. banks, according to the indictment The bank named as a defendant in the indictment is the Metropolitan National Bank of McAllen Two companies established in the Cayman Islands also were indicted They were identified as European Com modities. Ltd and Continental Resources. Ltd Alleged conspirators in the narcotics ring bought huge amounts of real estate and formed the companies to launder drug profits, the indictment says. Also named in the indictment was Juan Frank Garcia. 35, who allegedly bought a home in Humble for about $383,000 in cash in 1983 and had transferred the title to Ig nacia Pavan, the mother of Juan Jose Quintero-Pavan and F.milio Quintero-Pavan. Garcia, a former elementary school teacher in Edinburg who authorities say is a fugitive, and Jose F Muniz Jr 35. of McAllen, were primary American marijuana distributors for the Quinteros, according to the indictment. Garcia and Muniz are accused of operating a continuing criminal enterprise, which carries a maximum penalty of life in prison without possibility of parolelRLi Christmas! p iff WIEN S WEAR VJXl I Specials SLACKS All slacks are first quality from SANSABELT and HIGGINS SIZES 3J to 50 Reg. &. Long RiseOff ll % REE ALTERATIONS OUR ENTIRE STOCK Men’s Felt The Regular price of any slack in our stock ): 8.65% "interest may be subtecuo state o* rf* ai lam IXG AHB MIOCX Attirement MMM 10.75%: e Based en A rated Corp Bends ** Current name is available through your local Edward 0. Jones •rotor. ai* Federal regulations require a substantial interest penalty tor early withdraw!. DRESS HATS 25% Of, OUR ENTIRE STOCK SPORT SHIRTS Long Sleeve Size S-M-L-XL All Name Brands SAVE Off The Regular price on any shirt in stock. i Stan Cunningham 1000 N. Walnut Suite F New Braunfels, Tx. 71130 •29-0005 ..Gift Wrap On Any Purchase! Remember-At Ray Alien's You Always Get the Finest in Quality, Price arui Friendly Cf'l MEMS WEAR 625-3241 204 W. San Antonio New Braunfels ;

  • Alice Zook
  • Carol Avery
  • Claude Scruggs
  • Clifton Eugene Belyeu
  • Corazon Aquino
  • Craig Mcmahan
  • Dave Kramer
  • David King
  • David Pareya
  • Don Avery
  • Edwin Meese
  • Ferdinand E. Marcos
  • Frank Garcia
  • Jesus Silva Herzog
  • Lundgren Bolton
  • Marion Hambrick
  • Michael Radzilowsky
  • Philip Morris
  • Rafael Caro Quintero
  • Ray Alien
  • Ray Moore
  • Sergio Garcia Ramirez
  • Shirlene Thornton
  • Stan Cunningham
  • Susan Haire
  • Wanda Lasater

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Publication: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Issue Date: December 12, 1985

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