Show 2A Standard-Examin- Saturday June 9 1990 er wr SO m ' ' ' " 3 T £ 11 'I 2 i V &? 1' Vi ' - ' :y ' - ' v 4 t £ x '" A ' 4- - :: t t I The Associated Press impersonator Johnny DeRose serenades a fan Elvis agreed that the Soviets — who lost 27 million people in World War II triggered by German aggression — “have understandable interests in all of this but we did not try to fashion some compromise” solution Asked why he felt so confident ' about winning over the Soviets Bush said “I just had the feeling” from talks with Gorbachev that the Soviet leader was moving toward the West’s position “They also paid some lip service gave some credibility to the idea that a country could choose what alliance it was going to be in” Bush said “The farts are on our side" the president said “A united Germany in NATO will not be threaten- inglo the Soviet Union A US presence (in Europe) will not be threatening to the Soviet Union So we’ve just got to keep on making our case” In fact Poland and Czechoslovakia still nominally allies of the Soviet Union and East Germany in the Warsaw Pact have said they prefer a united Germany in NATO to one outside the alliance Bush told political fundraising audiences in Omaha and Des Bush From 1A ! ! : i i 1 1 j i I ! can’t make a prediction as to how successful totally successful we’re going to be” Bush said Bush and Kohl emphasized that there is no difference be- tween them in insisting that a new Germany be a full military and political member of the US-le- d NATO alliance “I never expected that this im- portant question could be solved overnight” Kohl said He voiced hopes that the talks in-- f victors four allied of the volving World War II and the two Ger-- ‘ manies complete their work by fall The participants are the United States Soviet Union Britain France West Germany and East Germany Bush returning from an over-- l night political trip to the Mid-- ’ west met Kohl before heading off the Camp David for the weekend Kohl who gave the commencement address at Har-- ! vard University on Thursday headed home Bush said that he and Kohl ur By KRISTINE From 1A Standard-Examine- counts in Oregon and 40000 in Utah according to the RTC Pacific First agreed to purchase $11 billidn of the failed institution’s assets including $243 million in cash and securities $742 million in residential mortgages and $149 million in consumer loans The Seattle company will have three months to review the assets and return those with defects the RTC said - CHICAGO (AP) — Yon say your sneefs a little crooked your pompadour’s a little flat and — gasp what would the King think — you’ve forgotten the words to “Don’t Be Cruel”? No problem A weekend convention featuring an international lineup of Elvis Presley impersonators — about 80 altogether — includes a seminar on bow to be a better Elvis “Sure you have to look like Elvis sound like Elvis and capture all the little idiosyn- crasies” said Dave Carlson who conducted a seminar Friday “But I can’t grab a per- son's legend say Her? jnove your leg like ' this Carlson demonstrates grabbing his own knee and moving it in a circle that threatens to tear the joint from its socket “Something’s got to be there" said Carlson who’s been doing Elvis for 20 years Moines that the German issues will not be resolved easily or quickly “We must see that German reunification adheres to the wishes of the German people while respecting the views of other nations” Bush told a luncheon senatorial candidate Hal Daub “Serious differences still remain” he said Earlier at a fundraising speech in Des Moines Iowa Bush said that agreements struck at the summit “we hope represent the beginning of the end of the Cold - ' - i J “Most of it has to come from the individu- al” And there’s plenty of them to go around This weekend in Rosemont a west Chicago suburb the EP Impersonators International Association is holding its first convention Here Elvis comes in all shapes and sizes They come from the suburbs England ' Australia 7 are six countries In fact IS states and represented There’s even a woman “As far as I know I’m the only pne" Janice Waite bf London said “But when I’m on stage I really don’t think about it" fWaite a horse jockey off the stage Said her English accent doesn’t bother her either “I sing in an American accent” she said “I can’t talk in it very well but I can’t r Ex hostage is treated for arsenic in system BOSTON (AP) — Arsenic was found in freed hostage Frank: Reed’s system shortly after his re- turn to the United States hospi- tal officials announced Friday Reed 57 has been undergoing ' treatment at the Malcolm Grow Medical Center at Andrews Air ' Force Base in Maryland since soon after his release from 44 ' months in captivity in Lebanon! can ! ’ In a statement the hospital said screening for heavy metals such as arsenic lead and mercury normal procedure for return-in- g hostages or prisoners “These tests were performed on Mr Reed’s arrival The initial test for arsenic was positive Sub- - 1 ’ sequent tests confirmed this ex- - War” Gorbachev has said repeatedly it that the Cold War is already over Asked by reporters aboard Air Force One on the way to Omaha from Des Moines whether he and Gorbachev had different views on this subject Bush said: “I don’t know We’ve got a difference of semantics don’t we “We’ve got to wait and see how we can resolve all these problems out here There are plenty of them around” However he added in his remarks on the presidential aircraft “I felt the summit moved M LOOSLEY staff m j- 1 elimination to a the hospital said Utah: North mostly fair Saturday morning Increasing clouds Saturday afternoon with breezy south winds and a few showers Mostly cloudy Saturday night and Sunday with scattered showers and thundershowers Locally heavy rainfall possible Sunday Lows Saturday night in thes 60s Highs to low Saturday in the mid-8090s and Sunday in the 80s Increasing clouds Saturday be- coming mostly cloudy by afternoon with scattered showers and thunderstorms developing mainly southwest Mostly cloudy Saturday night and Sunday with scattered showers and thundershowers Locally heavy rainfall possible Lows in the 60s to low 60s Highs Saturday 80s to low 90s and Sunday upper 70s and 80s Salt Lake Ogden and Provo: Saturday increasing clouds and warm with breezy south winds during the afternoon A slight chance of showers and thunderstorms developing during the afternoon Winds gusty and variable near the showers and thunderstorms Highs in the lower 90s Saturday night and Sunday considerable Couds with locally breezy south winds Chance of showers and thunderstorms Wmds gusty and varl-ab- ie Bush Kohl met In Washington on the future of Germany in the right direction” him “a certain degree of opti- Bush said that Secretary of mism” from his talks in Europe State James A Baker III return- on the German issue with Soviet ing to Washington for the meet- Foreign Minister Eduard A ing with Kohl was bringing with Shevardnadze known as an “inverted yield curve” which simply means they were paying more to their depositing customers than they were earning from their borrowing customers Looking for a way out of the inverted earnings situation American took advanGermaine Act which tage of the Garn-allowed S&Ls to invest in commercial real estate for the first time By 1985 20 percent of American’s lending portfolio was in commercial properties Blodgett said Commercial properties nationwide turned out to be poor investments as overbuilding and a sagging economy made their worth decline At the same time American officials pegged the Northwest as the place for expansion and in 1981 acquired three S&Ls there: the Fred Meyer Savings & Loan Willamette Savings & Loan and Security Savings & Loan The three were merged into Willamette Savings “As a condition of the acquisition American took on $180 million in ’good will’" Blodgett said “Good will” was known throughout the 1980s as “intangible capital” S&Ls were allowed to carry the good will on their books St as capital allowing the owners to invest less of their own money in the business As part of the S&L system overhaul regulators disallowed the use of good will as capital The net effect of carrying the good will as capital was that American was forced to take on $180 million in liabilities with nothing but the fictional “good will” capital as an offsetting asset Like the decision to invest in commercial real estate the decision to enter the Oregon market turned out to be disastrous Officials watched as the state’s wood product industry collapsed causing widespread economic problems in the region Blodgett said American lost $43 million in 1987 and $59 million in 1989 It posted net earnings of $489000 in 1988 but only because it earned $33 million in profits from the sale of its Hawaiian assets Blodgett became president of American in 1985 “It was too late by then to do much to save it” he said “I stabilized things but that’s about all I could do” The institution was under dose scrutiny by the regulators by then and was seized by the government in 1988 creasing night and percent Saturday Monday lowering Wednesday to 45-5- 5 SO percent Saturday percent Sunday Extended forecast From 1A Beyond this the next hope lies with Congress Trout said Rep Jim Hansen is attempt- ing to get a $4 million appropria- -' tion for the refuge by next r summer He said that money would go toward repairing exist- ing water control fixtures and dikes washed out by the flooding — not for any new construction Trout said the frustrations ere- -' ated by government funding de- lays have been offset by the thousands of and donated the past year toward restoration efforts He said there : are now 50 volunteers who are helping to restore dikes and plant : ‘seeds Private donations now to- - : taling $40000 continue to pour ' in Volunteers have helped to level and bury buildings destroyed by the flooding They have planted 500 pounds of alkali bulrush a cover plant that is a primary wet-- : land food for ducks They are working to repair and seal leak- ing water control structures As a result of extensive volun- - : teer efforts and donations Trout : said visitors will be able to drive the refuge’s old tour loop when it officially opens July 4 This will give visitors access to R-Ut- ah 1 man-hou- dol-la- rs rs ’ 12-mi- le T areas that have been unpassable for nearly a de- bird-watchi- am by Gene Glatsmann Hatch — President Randall C Hatch — Editor and Publisher William L Johnson — General Manager Fiore Ogan — Associate Editor Published daily and Sunday by the Standard Corp 455 23rd St Ogden Utah 84402 Copyright © 1990 Air pollution report The following report Is prepared by the Utah Bureau of Air Quality for the Wasatch Front as of 8 Postmaster Send address corrections to PO Box 951 Ogden (USPS Standard-Examin- am today: Ogden (d) Weber County (r) Davis County (r) Salt Lake City (d) Salt Lake County (r) Provo (d) Utah County (r) 403-84- 84402 Second class postage paid at Ogden G G To subscribe: Call the circulation department at one of the numbers below weekdays 8 am-- 5 pm Weber A North Davis counties South Davis Box Elder A Morgan Delivery problema: Call before 7:30 pm weekdays or before 11:30 am Saturdays and Sundays After those times please leave a recorded message Carrier delivery rates: S800month or $S6year Daily & Sunday Mail delivery rates: S9 25month or $1 1 1 year Daily & Sunday $575month or $69year Sunday only G G G G 399-981- 1 Key: (d) - Downtown (r) - Residential areas G - Good M - Moderate U - Unhealthful V - Very Unhealthful H Hazardous Display ads Regional temps High and low temperatures and precipitation amounts Utah and region for the period ending at 6 am today: City er UT Utah Circulation G In Monday through Friday 8 a m to 5 pm After 5 pm or Saturdays 9 am to noon Dispatch department National forecast 394-771- 1 625-434- 1 625-438- 3 Classified ads Call High Low Pretip weekdays 8 am to 6 pm or Saturday 8 am to 11:30 am 394-167- 1 News department a news item or to To report register a complaint about news content call weekdays 8 am to 4 p m 0 Managing EditorBrian A Mertz Assistant Managing EditorRoger Plothow 625 4212 7 Anniversaries birthdays weddings 625-421- 625-423- Business sectionKathy Bieie Calendar A peoole items Osvis County BuresuAndy Howell Editorial pages A tetters 'Ror a Ogan Horizons WeekendVanessa Zimmer Local news secticnMark Sneneleit Obituenes and death notices Outdoors sectionJim Wright Photo depertmentClyde Mueller Sports secbonRandy Hollis In- to 30 Refuge j Standard-Examine- r Utah forecast near showers and Brief heavy thunderstorm showers possible Sunday Lows in the 60s Highs Sunday in the 80s Chance of measurable rein 20 non-tox- ic The Associated Press Wednesday Lows 50s and 60s Regional forecast and its level” posure to arsenic - cade Today’s weather outlook less then sing any other way” Jerome Marion of Manteno south of Chicago wears a white jumpsuit — - opened to the bottom of his ribcage — blanketed with sequins and eagle designs “The girls are the most exciting part” he said while his wife Brenda smiled “I never introduce her as my wife It would intimidate the fans” Marion said “That was my idea” said Mrs Marion who helps Marion during his act “I know how important this is to him He gets the mirror first in the bathroom too” Jumpsuits like Marion’s replica of Presley’s “Aloha Hawaii” outfit are for sale in the hotel lobby for $800 to $2250 Carlson meanwhile an Illinois native said he makes his living impersonating the King of Rock ’n’ Roll playing two to three shows a week at nightclubs festivals and outdoor concerts -- SALT LAKE CITY — Like hundreds of savings and loans nationwide American Savings & Loan has been in financial trouble for nearly a decade Why? “It’s not a complex story” said Alan Blodgett who until February was president of American in an interview Friday He now works for the Resolution Trust Corp as the managing agent of a failed Oregon S&L “It was a combination of a poor economy and some business decisions that proved not to be correct” The company was formed in the early 1920s in Salt Lake City and expanded into an emerging Hawaii market a few years later By 1980 the institution was thriving and was ready to grow Blodgett said It was owned at the time by New York businessman BK Ludwig At the time American carried a portfolio full of long-terhome mortgages earning about 7 percent interest As interest rates on deposits skyrocketed into the double digits American found itself in what is With Friday’s acquisitions Pacific First has assets of $82 billion and has 180 offices in Washington Oregon California Nevada and Utah Pacific First agreed to forego $30 million in government assistance to acquire the institution A company press release calls it the largest savings institution based in the Pacific Northwest The RTC will retain approximately $530 million of American’s assets for future liquidation the press release said thunderstorms gather to become better Where did American S&L and :'t National temps Temps indicate previous day's high — Mostly cloudy Monday through Wednesday with scattered showers end thundershowers Breezy south winds western vaiievs A cooling trend Highs upper 70s to near 90 Monday lowering to 70s to low 80s by Utah ©b I ED tM flan Fkma w S k O & £2 ft CawW -- c- £3 - Other departments 9 am Can our switchboard 394-773- 1 625-424- 4 625-422- 9 773 7283 625-420- 5 625-427- 0 625-422- 0 394-167- 1 625-426- 6 625-428- 1 625-426- 0 to 5 p m ' |