The Charlotte Observer from Charlotte, North Carolina • 1

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It Creatively FoodilD In DOCIPID 1 1 35 Cents 35 Cents Eq ri metr Fix Metro In' lariCe arte 2 bserver June 6 1990 Final (6) Wednesday 0 '01 I I 1 I 1 What's Coming In Carolina Trucking? -1 Better drivers New stringent license standards will anttc4 'How Sweet ft Its! 9 start being phased in Sept 1 El Safer truaks New anti-jacknifing technobgy is coming 0 on the market Anti-skid braking systems are here a P' 3 13 More foreign trucks Makers like Mitsibushi and Fuso First Black In Major NC Race Takes On Helms are gaining particularly on local delivery models 0 More double trailers Don't expect triples Legislators MIL are dead-set against them weed out a i-e'4 4: By JIM MORRILL CI Hot bidding for drivers New standards will Staff Writer 2 2' 7 1 t' iit i 1 Hailed by supporters as a syn' third now on the roads i oyomk 4 ol of the New South Democmt '444 (D i (52: Harvey Gantt takes on Republican I ToTOTO' s- Sea Jesse Helms today vowing GEORGE BREISACHERStaff 40:: 4 i there bnngyhome a man who's been s' '''''4''' 7'''' fe th re 18 ears Gantt became the first black 4 4-'" e-li- 1: nominated for a major nonjudi- s' 'ck 'rg i '4 cial office in North Carolina after Trucking Industry ''-'I decisive i 4' ca turin the US Senate nomina- s' tion Tuesday with a ecisive vic- 2' Hil 14' tory over Mike Easley ''-e'''''" Charlotte's former mayor Looks Future 2 ---J squeezed throligh noisy crowd of supporters which jammed a hotel supporte lilwi ballroom in Raleigh Tuesday night shouting "Harvey! Harveyl" Sees New World "How sweet it ist" he said rm ing both hands in the air as the -2- crowd erupted 1--' lz' i' Ameri ca many ways working" oh er promise i ng sa iodf This is not your father's By ED MARTIN Big talk? Of truck rigs that Staff Writer would dwarf those of a generation 0 I tl Gantt adding that government ing industry lating there'll be a push ruck- ago Industry experts were ecu- spon- 1 I 4: must do better in educating chil The indust on displa th gress next year for longer double i 4 dren making health care more week at ry rad trailers and even triple rigs called is 4- "4- 'il--'' affordable fighting drugs and pro- a major te show in truck-trains :7 4'1S' 1' ::4 1 I :1:: '''''s9s II 3t''''''' ff- tecting the environment "We can Charlotte seems echo the Olds- better than that in America" 4 T4: 411 sz t041: 4 l': ki accept a greater Wilson coordinator The city is mobile commercial It bears scant Setting the exposition in Char- resemblance to a generation ago lotte was no coincidence said Tim 4 2 challenge than that sa i 7 4 EaGsleayn'tst 4w3o41 5W7ithot all ebvuotteontoe Dennis Obrikat business develop- tion hub the center of a two-state 1t'6 7 precinct reporting Gantt had ment manager for National Truck- industry that employs more than ers Association Inc of Hunters- 300000 drivers and others 4'? 1 '4Iii0Ii Ei1- c' 2 't7-1: ''sr 272824 votes to Easley's 206950 Southern Transportation Distri- which opened Tuesday was a If you believe all things are ville an exhibitor at the three-day With 65 exhibitors the ow aimed bution Expo As part of a fast- at purchasing directors and man- s's: 4 -7'7 ii it' 'l' t- ''''6' el tpioosnsalbkiwei's' doGmancttansabledhCowonnycienut- the window We are going to bnng I growing support industry that does agers who sign checks for billions home a man who's been there 18 nothing but help truckers comply of dollars' of equipmen and ser- iv years" with government rules he and his vices a year Wilson said About i 20'' 0 1 company wrestle regulations not 3000 were invited 4 Gantt rode a surge of support and the moms and dads wrenches from urban counties and an Sayonara Mack? Suffering kickers "We weren't looking for tire- 4r 4 i See URBAN Page I2A rsf )- set's s-- financial distemper the bulldog of and kids" said Wilson strolling eN: American trucking was absent through exhibits from 17 states 7 2 tru --4 f- 1:: from the Charlotte Convention Exhibits defined the new face 1 Center floor In its place were trucks like Hino and Mitsubishi ''''fs': --s' 2- IN' IbPNOE1g ELECIIONIE SUL T-ill Fuso And Winnebago Not your A lot had nothing to do with father's camper See TRUCKING Page 10A 4- 'sx-4'4 GARY O'BRiENStaff 113Senate" Banks Take Risks A jubilant Harvey Gantt thrusts his fist into Mike Easley for the Democratic Senate nomi- the air as he enters a ballroom full of support- nation Gantt will face Republican Sen Jesse Democratic Primary ers Tuesday night in Raleigh after defeating Helms in November 2415 of 2416 precincts roporling But Big Fall Unlikely Inside Gantt 57 272824 0 Easley 43 206950 44chniit' laid FDIC Chief Doesn't Foresee Bailout in Harvey Gantt Democrats 111 Nine states held primary 0 How did your area vote? -0 have nominated an unabashed elections Tuesday a measure results Charts give county-by-county Nonpartisan Economy Will Save Or Soak Taxpayers liberal to run against conserve- being watched a of results and Mecklenburg pre- tive Republican Sen Jesse the public mood on issues from 13 A runoff cinecetfiresults in the US Senate Tate 58 30619 By ROBERT A RANKIN going sour and from uncolleetable Helms Page 12A abortion to taxes Page Page 12A and 13A 0 Clement 42 22656 Observer Washington Bureau loans to Third World debtors WASHINGTON It's unlikely Seidman said that the nations' troubled banks "The ig unknown is the econ- Seidman said ri-1 will go the way of the savings and omy and the real estate market" -04 24-si I i ate Buoyed By Black Vote loans and need a big taxpayer 4e bailout a top regulator said Tues- If the nation's economy weak- sgtq 4 )- day but he's not making any ens substantially or if many more c': promises development 1' i IN Busing Stance Was Behind School Board Wi loans on real estate deve opmen NC He Says "At this point we don't see collapse the added pressures on -1(1 ti (bank insurance) fund can't hen- anal anything coming along that the bank profits copci ld be dangerous iiv''isl': Deposit Insurance' By LIZ CHANDLER "a referendum on busing" of town" said Tate his wife and was the of the Federal Deposit Insurance Federal die" William Seidman chairman In addition have sat addition Seidman said the i ''-4--S0 And JOIN MINTER Tate attributed his win to Meek- parents at his side "I 4 Staff Writers lenburg's strong support for beneficiary of that but it's also Nevertheless he conceded "no I Corp Corp told reporters fund that backs deposits in the ff John Tate rode a wave of black Gantt's US Senate bid because of what I have stood for nation's banks "is under some 44 s-4 i' 2 support for Harvey Gantt to win But the results he said also Clement beat Tate in the May 8 one can guarantee there won't be stress because of recent bank fail- A -1 4 the remaining Charlotte-Mecklen- prove he supports the right side of school board race by 532 votes problems in the banking system ures especially several in Texas burg school board seat Tuesday the busing issue and that residents The FDIC's bank insurance 111 i trouncing anti-busing candidate want to keep racially integrated too narrow a margin to win out- i obviously fund holds reserves of $132 bil- i'''''' rght the ounh vacant seat on the '''1 Linda Clement by 7963 votes schools any banks face risks fr om highh My leveraged loan to business 22 those lion That works out to 70 cents 454444- -I Tate got 30619 votes or 58 "Harvey Gantt's tremendous nine-member school board for every $100 of insured deposits DIEDRA LAIRDStaff to Clement 656 in the showing has helpedme immeasur- In campaigning for the runoff wit lots of debt borrowers from loans to finance in the nation's banks slightly John Tate nonpartisan runoff that she cast as ably particularly on the west side See BLACK Page 13A real estate developments that are See REGULATOR Page 104 We Were Wrong Gold Faucets Running Dry 0 Mandela's US Visit Ill A chart in Tuesday's Charlotte Observer incorrectly stated In Trump's Tower Of Cash hern Bell Viewed In Personal Charlotte City Council member Sout Lynn Wheeler's position on a a anti 1 COVI4MIly ---4t Historic Terms zens' coalition's proposal to Billions Vanish Bits Of Empire For Sale make more meetings public Wheeler said she was leaning 7 0 iim Associated Press in favor of the proposal By LARRY MeSIIANE magnate has a reported $2 billion -a14 J'': 3-4' NEW YORK For millions of Americans Nel- Associated Press in bank debt 4: son Mandela's tour will be a dream realized Today's Weath NEW YORK The call of The Taj er an Mahal his eenterpiec 'v -X 'f welcome after 27 years in South African prisons For Mandela it will be part of a worldwide I 4 High in the mid-80s Low in the Donald Trump has been clear and Atlantic City NJ casino is said 'I i 1) is 4 Mandela who was released in February will 4 mid-60s Next Page constant for yea Buy buy buy to be for sale The Trump Prin- But the tycoon's talk could turn cess his yacht is on the block The ilei': ')- '14 4 3 start an exultant swing across America on June 20 INSIDE to bye-bye if he's forced to peddle Trump Shuttle his airline is up 1'' at '1''' 4 a -4 with a New York ticker-tape parade and end it with a Business 88 Local News '4- 'i 4 a his $30 million yacht his hotels or for grabs 1 vane 1 4 rg rally at the Oakland Calif Coliseum on June 30 Classified 8C Movies af' his casinos by an imminent cash And his estranged wife i 4- 0416 The closest to Charlotte of eight chosen cities is 1 '4'0 i'''' -aa Comics 18C Obituaries 20C crunch still awaits her share with her 4" i a' I l''''-s'1 Atlanta on June 27 three weeks from today Editorial 18A People 8C Trump whose name adorns $25 million prenuoial tagreetrpritnet A 4' 4 Mandela will participate in a wreath-layi Landers 19C ng cere- Food 10 Sports 1B nearly everything from airplanes looking better all he estima 11 4 it mony at the crypt of Dr Martin Luther King Jr and TV BC to board games and usually in Trump's empire nce ted at vst 1' will a rom a consortium of ccept an honorary degree Delivery Assistance379-6666 large letters may also wave $3 billion is now worth about Locust black colleges there re pm arn vederci to the glitzy fast-lane $500 million Forbes magazine saaday lifestyle he enjoyed during his rise ported last month Organizers expect gatherings of uncommon size Place Classified Ad 7 37 in the 1980s 7-5555 "He'll have to trim the fat: Get and emotion including throngs at Yankee Stadium in Mond Mind I sat a pme New York Tiger Stadium in Detroit and the Los Frktat 11 tm 1130 gat Creditors are pressing the bil- rid of the boat the mansions the A Zoo Of A Directory Angeles Coliseum 1 StoriPhoto ides 379-6459 Monday Seturcity Sund ecn int This namthahot 10 am Midnight Noon Midni racy Trump to se huge chunks of his ght IS PlintAd in Pall of cied Palm and tecYchibil tents 1990 The Chariotto 01ervat empire an reor ganize his hold- may answer the question Locust (above) Story Page en Ifuoinordneacriarse way helicopter" one unidentified negotiations are banker involved in the Trump The NC Zoological Park is on the new In Gabarone Botswana Mandela said Tuesday he that could compel 11 casino See TRUMP Page 16A talks told The Wall Street Journal Southern Bell directory for Charlotte area expects South African President FW de Klerk to about Donald's woes Thii users The cover was used this year for t- six-week make an important announcement during Mandela's week tour of Europe North America and Africa ings he real estate and ino See MANI)FLA'S Pane 10 am 'l a i ti i''' What's Coming In Carolina Trucking? Better drivers New stringent license standards will start being phased in Sept I El Safer tusks New anti-jacknifing technology is coming on the market Anti-skid braking systems are here More foreign trucks Makers like Mitsibushi and Fuso are gaining particularly on local delivery models 0 More double trailers Don't expect triples Legislators are dead-set against them CI Hot bidding for drivers New standards will weed out a third now on the roads By ED MARTIN sto Writer This is not your father's truck- ing industry The industry on display this week at a major trade show in Charlotte seems to echo the Oldsmobile commercial It bears scant resemblance to a generation ago Greasy fingernails? Not on Dennis Obrikat business development manager for National Truckers Association Inc of Huntersville an exhibitor at the three-day Southern Transportation Distribution Expo As part of a fast-growing support industry that does nothing but help truckers comply with government rules he and his company wrestle regulations not wrenches Sayonara Mack? Suffering financial distemper the bulldog of American trucking was absent from the Charlotte Convention Center floor In its place were trucks like Hino and Mitsubishi Fuso And Winnebago Not your father's camper FDIC Chief Doesn't Economy Will Save By ROBERT A RANKIN Observer Washington Bureau WASHINGTON It's unlikely that the nations' troubled banks will go the way of the savings and loans and need a big taxpayer bailout a top regulator said Tuesday but he's not making any promises "At this point we don't see anything coming along that the (bank insurance) fund can't handle" William Seidman chairman of the Federal Deposit Insurance Corp told reporters Nevertheless he conceded "no one can guarantee there won't be problems in the banking system obviously" Many banks face risks from highly leveraged loans those with lots of debt to business borrowers from loans to finance real estate developments that are We Were Wrong A chart In Tuesday's Charlotte Observer incorrectly stated Charlotte City Council member Lynn Wheeler's position on a citizens' coalition's proposal to make more meetings public Wheeler said she was leaning In favor of the proposal Today's Weather High in the mid-80s Low in the mid-60s Next Page INSIDE Business 88 Local Classified 8C Movies 5C Comics 18C 20C Editorial 18A People 8C Food 1D Sports 1B Landers 19C TV 6C Delivery Assistance379-6666 Monday Friday 1:30 OA 517m Saturday Sunday 7 am Noon Place Classified Ad377-6555 Monday Nasdaq 11 am It pm Friday I am 1130 pm StoryPhoto Idea 379-6459 Monday Saluctity ID am Midnight Sunday Noon Midnight GEORGE BREISACHERStatt Big talk? Of truck rigs that would dwarf those of a generation ago Industry experts were speculating there'll be a push in Congress next year for longer double trailers and even triple rigs called truck-trains Setting the exposition in Charlotte was no coincidence said Tim Wilson coordinator The city is the nation's sixth largest distribution hub the center of a two-state industry that employs more than 300000 drivers and others With 65 exhibitors the show which opened Tuesday was aimed at purchasing directors and managers who sign checks for billions of dollars' of equipment and services a year Wilson said About 3000 were invited "We weren't looking for tire-kickers and the moms and dads and kids" said Wilson strolling through exhibits from 17 states Exhibits defined the new face of trucking A lot had nothing to do with See TRUCKING Page 10A Foresee Bailout Or Soak Taxpayers going sour and from uncollectable loans to Third World debtors Seidman said "The big unknown is the economy and the real estate market" Seidman said If the nation's economy weakens substantially or if many more loans on real estate development collapse the added pressures on bank profits could be dangerous analysts have said In addition Seidman said the Federal Deposit Insurance Corp fund that backs deposits in the nation's banks "is under some stress" because of recent bank failures especially several in Texas The FDIC's bank insurance fund holds reserves of 132 billion That works out to 70 cents for every $100 of insured deposits in the nation's banks slightly See REGULATOR Page 10A Gold Faucets Running Dry In Trump's Tower Of Cash Billions Vanish Bits Of Empire For Sale By LARRY MeSHANE Associated Press NEW YORK The call of Donald Trump has been clear and constant for years: Buy buy buy But the tycoon's talk could turn to bye-bye if he's forced to peddle his $30 million yacht his hotels or his casinos by an imminent cash crunch Trump whose name adorns nearly everything from airplanes to board games and usually in large letters may also wave arrivederci to the glitzy fast-lane lifestyle he enjoyed during his rise in the 1980s Creditors are pressing the billionaire-turned-multimillionaire for cash and negotiations are under way that could compel Trump to sell huge chunks of his empire and reorganize his holdings The real estate and casino First Black A jubilant Harvey Gantt thrusts his fist into the air as he enters a ballroom full of supporters Tuesday night in Raleigh after defeating In Harvey Gantt Democrats have nominated an unabashed liberal to run against conservative Republican Sen Jesse Helms Page 12A DIEDRA LAIRDStaff John Tate magnate has a reported $2 billion in bank debt The Taj Mahal his centerpiece Atlantic City NJ casino is said to be for sale The Trump Princess his yacht is on the block The Trump Shuttle his airline is up for grabs And his estranged wife Ivana still awaits her share with her $25 million prenuptial agreement looking better all the time Trump's empire once estimated at $3 billion is now worth about $500 million Forbes magazine reported last month "He'll have to trim the fat: Get rid of the boat the mansions the helicopter" one unidentified banker involved in the Trump talks told The Wall Street Journal about Donald's woes This may answer the question See TRUMP Page 16A In Major NC Race Takes On Helms Inside III Nine states held primary elections Tuesday with results being watched as a measure of the public mood on issues from abortion to taxes Page 13A Tate Buoyed By Black Vote Busing Stance Was By LIZ CHANDLER And JOHN MINTER Staff Writers John Tate rode a wave of black support for Harvey Gantt to win the remaining Charlotte-Mecklenburg school board seat Tuesday trouncing anti-busing candidate Linda Clement by 7963 votes Tate got 30619 votes or 58 to Clement's 22656 in the nonpartisan runoff that she cast as Southern Bell 4 144481'111TP4 COVIparty Locust A Zoo Of A Directory The NC Zoological Park Is on the new Southern Bell directory for Charlotte area users The cover was used this year for Locust (above) Story Page 8B GARY O'BRIENStaff Mike Easley for the Democratic Senate nomination Gantt will face Republican Sen Jesse Helms in November How did your area vote? Charts give county-by-county results and Mecklenburg precinct results In the US Senate runoff Page 12A and 13A Behind School Board Win He Says "a referendum on busing" Tate attributed his win to Mecklenburg's strong support for Gantt's US Senate bid But the results he said also prove he supports the right side of the busing issue and that residents want to keep racially integrated schools "Harvey Gantt's tremendous showing has helpedme immeasurably particularly on the west side By JIM MORRILL Staff Writer Hailed by supporters as a symbol of the New South Democrat Harvey Gantt takes on Republican Sen Jesse Helms today vowing "to bring home a man who's been there 18 years" Gantt became the first black nominated for a major nonjudicial office in North Carolina after capturing the US Senate nomination Tuesday with a decisive victory over Mike Easley Charlotte's former mayor squeezed through a noisy crowd of supporters which jammed a hotel ballroom in Raleigh Tuesday night shouting "Harvey! "How sweet it is!" he said raising both hands in the air as the crowd erupted "In many ways the promise of America is not working" said Gantt adding that government must do better in educating children making health care more affordable fighting drugs and protecting the environment "We can do better than that in America" he said "We can accept a greater challenge than that" Gantt won 57 of the vote to Easley's 43 With all but one precinct reporting Gantt had 272824 votes to Easley's 206950 "If you believe all things are possible" Gantt said "Conventional wisdom can be thrown out the window We are going to bring home a man who's been there 18 years" Gantt rode a surge of support from urban counties and an See URBAN Page I2A Democratic Primary 2415 412416 precincts roporlIng II Gantt 57 272824 ID Easley 43 206950 'Chailotta-Meallefibiro Board Nonpartisan Tate a Clement 58 30619 42 22656 of town" said Tate his wife and parents at his side "I was the beneficiary of that but it's also because of what I have stood for" Clement beat Tate in the May 8 school board race by 532 votes too narrow a margin to win outright the fourth vacant seat on the nine-member school board In campaigning for the runoff See BLACK Page 13A Mandela's US Visit Viewed In Personal Historic Terms Associated Press NEW YORK For millions of Americans Nelson Mandela's tour will be a dream realized For Mandela it will be part of a worldwide welcome after 27 years in South African prisons Mandela who was released in February will start an exultant swing across America on June 20 with a New York ticker-tape parade and end it with a rally at the Oakland Calif Coliseum on June 30 The closest to Charlotte of eight chosen cities is Atlanta on June 27 three weeks from today Mandela will participate in a wreath-laying ceremony at the crypt of Dr Martin Luther King Jr and will accept an honorary degree from a consortium of black colleges there Organizers expect gatherings of uncommon size and emotion including throngs at Yankee Stadium in New York Tiger Stadium in Detroit and the Los Angeles Coliseum In Gabarone Botswana Mandela said Tuesday he expects South African President FW de Klerk to make an important announcement during Mandela's six-week tour of Europe North America and Africa See MANDELA'S Pane 104.