20—The Daily Collegian Friday.;December 12, 1975
Bank
reforms
passed
WASHINGTON (UPI)
The Senate yesterday ap
proved the most sweeping
bank-reform legislation since
the Great Depression, in
cluding a provision that would
permit interest-bearing
checking accounts to
stimulate competition in
financial markets.
The bill, passed on a 79-14
vote, now goes to the House
where action was not con
sidered likely until sometime
next year at the earliest.
Systein to preventair collisions
FAA speeds up radar project
WASHINGTON (UPI) The Federal Aviation
Administration said yesterday it has speeded up installation
of a new system td prevent aircraft collisions, trying to get it
into service across the nation within, three weeks because of
two recent jetliner near-misses.
An FAA spokesman said ;the system uses existing ground
radar to warn air traffic tcontroller when two planes !fly
within 18,000 feet of each other on a collision course. The
controller then must radio the pilots giving instructions for
evasive action.
An electronics: executive, meanwhile, said his firm will be
ready within 18 months to offer an anti-collision system that
can give direct warning to jetliner or small plane pilots of an
impending collision.
Both the FAA speedup and the Honeywell statement were
pritnpted by the near-collision Thanksgiving eve ckltw)6 jumbo
jetliners over Lake Michigan and another near-collision last
Friday involving two jets landing at Chicago..
Ex-stuntwoman gets teeth into VW
Clyde A. Parton, vice president of Honeywell, said his
company's on-board system is one of three just completing
three years of FAA-sponsored tests. He said Honeywell has
been told its system is the best.
EPHRATA, Pa. (AP)
Helen Bordeaux is 83 years
old and almost totally blind.
Yesterday she pulled a I,9oG
pound Volkswagen nine feet
with her teeth.
"I wanted to do it again,
before I die," said the
onetime stunt woman who
,
,
RIDE THE
4x-Bus T _,
NITTANY MALL Leaves Schlow Library Beaver & Alien)
every hour on the hour . leaves the Mall
ever
10- hour on the half our. First bus
00 at Schlow. last hus 6 30
at the Mall.
. 4
The complex measure !was
more than two years in the
making and its key'provisions
grew from the report of a
special study bomraission on
financial institutions named
by Presidept Richard .M.
Nixon in 197(k
"The bill ... represents -the
most comprehensive ap
proach toward restructuring
the' nation's financial in
stitutions since the 19305,"
said Sen. Thomas J.
Mclntyre, _
its floor
manager and chairman of a,
financial,- institutions sub
committee that drafted the
measure.
Those provisions include
Authorization for banks
to pay interest on checking
accounts and for savings and
loans both to offer checking
accounts and, to permit
checks to be dratim on savings
says she first tried the act in
1918. She now lives in this
small Lancaster County
community.
Back then, though, she had
real teeth. The ones she.used
yesterday were dentures.
"Oh niy," she gasped after
straining and groaning with
removal of ceithigs ory),.!'
inter, est that can be 'paid on
savings accounts now 5 per
cent at banks and 53 per cent
at Savings and loans for
regular pass-book accounts.
'Revision, of lending
authority so banks can dq
more mortgage business
while "thrift institutions" H
savings and loans can,
expand into other areas such
as car, borne irnprovementl
and education loans.
Authorization fot credi
unions to grant checking
accounts, make mortgage,
loans, varying interest rates;
and grant larger and longer l
term' personal loans than
now allowed.
illoWecL ' ovpidtie . and-wouid help curb
Ovfrall objectives, he said, ; sharp fluctuations in the flow
were those of "expanding r if money.
competition, providing
Parton said development of advanCed ground-based
systems may take years. But he said the FAA is unlikely to
recommend that the aviation industry proceed in the interim
with installing on-board systems. I '
"I think we need to ask ourselves if we are willing to flirt for
several more years with the catastrophic possibilities posed
by midair collisions ... when the means of eliminating the
problem are available to us today," he said in a statement.
An FAA spokesman confirmed the Honeywell system had
been tested along with similar equipment made by RCA and
McDonnell Douglas Corp.
The spokesman refused to discuss which system was judged
best or whether the FAA will endorse on-board systems. He
noted, however, that such systems do not work unless both
aircraft on a collision course are equipped with them.l
the leash in her chops and the
VW edging along behind her,
"I really didn't think I could
do it ... But I just had to do it
again. I could die tomorrow."
Mrs. Bordeaux came to this
country from her native
Germany in 1917. She says
she was an excellent swim
proved, Consumer services,
antaitbengtherring the ability
Of - filuincia) . institutions to
icliust to changing economic
conditions while better serv
ing the nation's housing
needs as well."
Complex time-tables were
included to permit orderly
transition. Erasure of in
terest-rate ceilings would not
come for 5 1 / 2 years after
enactment, - while interest
bearing checking accounts
would not come until 1978 at
the earliest.
The prohibition on
checkinglaccolmt ' interest
and ceilings on saving
account interest have been
federal law since 1933.
Mclntyre' said repeal is long
mer in her youth and took a
job in Palisades, N.J., doing
somersaults and! back
jacknives from a 70-foot
platform into tanks of water.
She was billed, she says, as
"The Worldfs Most Famow
Lady High Diver."
76 hopefuls warned on busing
WASHINGTON (UPI) - Sen. George S. McGovern,
told' President Ford a nd other presidential candidates
yesterday not to promise in the 1976 campaign that they can
end school busing unless they have an alternative acceptable
to the courts.
Speaking on the Senate floor, McGovern also warned
candidates against promising a constitutional amendment to
end busing for achieving racial balance in the schools because
Congress will not pass it.
If it was wrong to have a 'secret plan' foill peace in 1968 that
did not exist," McGovern said, "then it is wrong to have a
'secret plan' to prohibit busing in 1976."
McGovern was severely efititized within the party after
telling a Dembc.ralic gathering in Louisville laSt month of his
support for• school busing as the law of the land.
Critics called his speech divisive for the Democratic Party
and - irresponsible because anti-busing protestors were
marching outside.
"I have even been accused of trying to ride a school bus into
the White House," the 1972 Democratic presidential candidate
said.
"Apparently I have raised
. a storm by saying the obvious
that the law , shntdd be obeyed, that on this issue the Con
stitution will not be changed, that the anti -busing emperor has
no clothes," McGovern said. "I have reconsidered my views
`Only the PUC Shadow knows
PHILADELPHIA (AP) The Penn- commissioners, but won't say what.
sylvania Public Utility Commission has Democrat Carter says he believes he
a confidential investigator who4e duties is being kept in the dark by the two
are so confidential even the commission Republican commissioners, Kelly and
chairman doesn't know what he does. Robert K. Bloom.
. The investigator, Laurence J. Car- Kelly explained that Carhiody was to
mody Jr.;
, 58, a retired Philadelphia be a confidential investigator, a past he
policeman, !spends most
,of his time said was necessary because "there may
under the supervision of Commissioner be something you want to investigate
James M. Kelly, also of Philadelphia . that you may not want the entire cora-
Chairman Louis J. Car r says Car- mission to know, Maybe I might get a
mody won't:tell him what he specifically rumor or something and may want to
does for the PUC. He said he can't find check into it ..."
out from anybody else, either. ' Carmody-,gets $ll,BOO a year plus his
Kelly says Carmody is ' conducting $4,000-a-year police pension.
"confidential" investigations for the Carter said he has asked Carmody to
British reject return to gallows
By JOSEPH W. GRIGG
LONDON (UPI) The
House of Commons voted bomb campaign that has
decisively yesterday against killed more than 50 persons
bringing back the gallows and injured another 660 in
despite growing anger in Britain.
Britain over Irish Republican The margin of
Army terrorist attacks. parliamentary victory was
-By a vote of 361 to 232 with slightly less than when. the
about 301 abstentions, the house exactly a year ago last
House threw out a motion debated restoration of the
demanding `% - capital punish- death penalty and rejected it
men t for terrorist offenses by a majority of 152.
resulting in death." Conservative MP Eldon
The new "bring back Griffiths said the British
hanging" , demand was
spurred by an IRA bullet-and-
and I hereby reaffirm them."
McGovern said he briefly considered coming out agaii
busing in 1972 because "I knew then, as I know now, that
busing is inconvenient and unpopular.
"Butas I searched the problem with others, and as I thought
about it, I found no alternative methods to achieve educatit4,
which was both integrated and improved for all children," he
added. "I would still welcome such an alternative and
wish any who claim to have one would state it and I would
support it."
McGovern said that in his Louisville speech he did not ad
vocite that the Democratic party should make busing the:
issue in 1976.
"Rather I said almost the opposite that we should accept
the rule of law and lay this issue to rest," McGovern said. "...I
would be content if busing were not an issue in a presidential
campaign which cannot reverse the mandate-of the Supreme
Court."
He added, "No President and no. presidential candidate
shoe imply he can stop the buses unless he has an
alternative which the courts would accept as constitutional.
"No one should say that his election would mean a con
stitutional amendment to prevent busing because every
senator in this chamber knows what every recent vote in this
Congress proves: such an amendment will not pass."
explain his duties but that the retired
policeman was vague and did not_ specify
what confidential probes he hid been
making.
His expense vouchers list his home at
4204 Lansing St. as his "official
headquarters."
Carmody once testified at a hearing
that he was "chief field investigator for
the PUC," a post that does not exist.
Records show that Carmody made 16
trips by automobile since July 9, 1974, in
connection with his duties, of this total ;
96 were as chauffeur to Kelly.
Most of these trips were between
Harrisburg and Philadelphia.
Police Federation, which
represents 105,000 rank-and
file policemen, feels
"restoration of capital
punishment would assist the
police in carrying out their
duties."
Jenkins pledged that there
will be no amnesty and no
reduction of long-term sen
tences for convicted IRA
bombers and gunmen.
"Any terrorist who believes
there will be an amnesty or
that his sentence will be
shortened would be gravely
deluded," Jenkins said.
He said terrorists convicted
of murder "will serve their
sentences for decades and in
some cases for the rest of
their natural life."
Parliament abolished the
death penalty in Britain in
1965 for a trial period of five
years. Abolition was made
permanent in December,
1969, except for treason.
Nobody has been hanged in
Britain since August, 1964.