Show AS—pie Herald Jouirud Logan UtahcThurmiay DecemberlS 2003 ' fl World & Notion ’WASHIN’TON ( AP) — Federal regulatorsrespdnding to a pay scandal at the New York Stock Exchange an overhaul of the 'approved '''V exchange Wednesday after the ' NYSE agreed to split its top executive positions toavbid concentrating excessive power '' :iin one person-L L The Securities and v Exchange CommisSRTh voted ' ' 5r0 at a public meeting tci ' ' approve the plan proposedby the NYSE's interiiTicharrman ' John Reed and endorsed last ' : j ” I : I I - f Donaldson announced that the month by 98 percent of the NYSE had decided to separate exchange's members The the chairman and CEO posi- plan would establish a smaller and more independent board tions—a change hehad ' of directors to oversee regula- -' urged' “In this way the NYSE lion of the exchange and ' should be in a better position appointment of an autonomous cjiief regulatory to protect against the concenofficer tration of too much executive The nation's largest stock authority in one individual" ' Donaldson said ' exchange is emerging from a Reed had previously scandal prompted jby jts for- -' ' mer chairman's lavish pay expressed opposition to the : which raised the issue of an idea But Dqnaldson told imperious chief executive reporters after the' meeting thin “there was no arm-twis- tSEC chairman William : : -- ' '1 (V v I ' I ' 1 jnsisted that the proposed ' reforms are insufficient to restore investors’ trust shal- tered by revelations this summer of the $188 million pay Despite lapses — nptably trading abuses now under investigation — and potential Conflicts of interest the principle by which the NYSE polices itself is sound' and should be maintained Don-aldso-n has said He has reject- ed the notion that the SEC or another independent body should assume direct regulatory oversight of the exchange Officials of the biggest US public pension funds control- ling hundreds of billions of dollars in nine states have ' ing” by the SEC of Reed and the NYSE board members : who simply “decided that this was the way to go” They ‘ made the decision and informed him of it several days ago Donaldson said In New York NYSE i had no comment Donaldson who headed the NYSE in the early 1990s called the exchange's overhaul proposal “a significant step forward in meaningful' reform” of its governance structiire : v package of Dick Grasso He was ousted in September Several lawmakers havp questioned the adequacy of the NYSE proposal noting ' that the board members super--visin- g the exchange's regula-tio- n would be up for election annually by the member firms A being regulated V then-chairm- an ' ! Israel i m i itary phasi ng out I legendary JERUSALEM (AP) Israel’s military is phasing out ' the legendary Uzi submachine ' gun calling it antiquated and replacing it with more sophis- ticated electronics-outfitte- d weaponry an army spokesman Wednesday V v But the Uzi a national icon : and the country’s most famous Cbntribution to the arms indus- try will still be produced and the'' - : : : m Renort: lwKw!r WOrlG in IWV1 DmCG r" frGGr wwyaBM 3 rIMr V1 ftilit-- :' hipW' YORK i APt'ical and personal freedom - increased in 25 couniricvih’ 2003 free'or “not free" liberties were curtailed in 13 ' countries including the Cen- where a civil war has' killed 200000 V: :tral African Republic Mauri- includiilgArgentina tania Burundi Kenya Snd Yemen peoplegroups representing tcv an annual the majority Hutu population: 'The survey designate 46 " acc()rding suf’cy ' ' civiflihcrthe -' were into of democracy anij percent of the world's poun-- - " incorporated ' the ties released Thursday tries “free” in 2003 com- -' moving V:govemment ' ' from Freedom free” to “not country pared with 29 percent 30years ' :Thesurvevhy ' : ‘ louse ranked !92 cdurtlries “partly free" Argentinaj - V ago when Freedom House : In Burundi 10-ye- ar - J : Nestor Kirchher dcncc: designating each : - - y f 1A- - ” nated “not free ' IsraelMilitary "ufacturing the weapon feuiMl'tbN ed : self-defen- ed : : n- Industries has made over 15 million Uzis and will continue Schwarzenegger’s cyborg for ordering the “Uzi nine mil- limeter” before his murderous V rampage: ' Illegal arms ales have also ' ' Whatever its qualities as a nos-sai- d: hands the the Uzi the into arouses weapon put weapon of Colqmbian drug lcmLy v ' talgia and pride in IsraeL i' ' V- '' ' : In Israel the weapon’s': where it was developed smaller models are still popu- - ' around the same time as the ’ lar with security guiards who birth in country’s favor portability over accura1948 “It was thie first Israeli cy: Many private security after 2000 years of companies use the original " weapon larger model because t's diaspora” Shapir said Recall- - ing his own days in the mili- cheap It's also still a mainstay with ' tary in the late 1960s he v some ofthe world's police added“I can still disassemble forces and security services i an Uzi with my eyes closed hands tied behind my back guarding VIPs said Yiftah : Shapir of the Jaffee Center for: even ifyoti wake me in middle of the night” Strategic Studies at Tel Aviv Elite Israeli fighting units University'' ' The Uzi while still used by found it useful because of its resistance to mud and water the US Secret Service is also beloved of gangs in the United givng the weapon a further States because of its reputa- mystique - and marketing tion as “a macho weapon”' cachet The Uri again made headlines when the weapon’s said gun expert Tim Brown of he But creator Uzi Gal 79 died in Glolwlsecurityorg V added the Uzi “is not a very September 2002 : — it’s very ineffiThe Uzi first found its way good gun cient inaccurate : It's mostly into soldiers' hands in 1954 used in bad Hollywood action and it swiftly proved itsdead- ' t movies” ly effectiveness two yearis In 1984’si‘TheTermina- later in the Sinai campaign a Egypt-- ' forimplei gun shop' war-rattl- ' Israel’s military took the r simply constructed half-cetury-ol- d weapon out of front line units two decades ago but continued to issue it to some elite units and soldiers carry- - V ing heavy gear who needed a : light weapon for ' ’ Nowthe army says it will : it dump altogether As of this week“we’re no' ' longer training soldiers on the Uzi'' said army spokesman Capt Jacob Dalim “Basical- ly it’s antiquated” he said of the weapon State-own- owner commends Arnold ’ ' stars alike ' machine guns which has earned hundreds of millions of dollars from sales the world over including in the United States Latin Amer- ica and Africa exported to the presumable delight of drug dealers gang v members Secret Service : agents and Hollywood action’ ' ' Uzj Heating and coaling Manufacturers have suffered through slow saks in recent yrars and are set on doing whatever it takes to move tiieir systems THE MZMmOFTHEH - Here at lMMechanicaLweSr found a way to help manufKdurm movethdr prod--: uctj whik getting unbeatable savings for youl To do it I’ve proposed to assist the 0 manufacturers in consolidating their super efficient uni ts if they’d give us their absolute : Huae Holidau Sale Dec V":::' Evergthingin 18th-24t-h 7? tfm20-75OF- F V': best wholesale price rock-botto- m 3Rd$on$WlivTin Sm Ha On Tmv Mcw HeattnQ & CooHm SvstciiL WUlowJne&UtsofothergnatChristmM 1 " Excluding Mend Cftrfted Items J Easy affonlabk financing imd hut apnovalriit in your home You out " Country Christmas Gift Basket t Boyd’s Gin: Certificate! 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