Oakland Tribune from Oakland, California • 12

mv 4 M. 1 ft )' A-11 Friday, January 8, 1988 THE TRIBUNE, Oakland, California i Nun. Market. from Page A-l Continued fma Page A-l Some opponents have argued that the existence of price limits can actually accomplish the opposite aggravate trader ner-vousness. They reason, for ex-, ample, that in a falling once traders see prices moving toward the daily limit, they are more tempted to sell to avoid being frozen with their ment position an act that, would toid to push the.

market jlown more than otherwise. in one day in October, many on Wall Street and in the Chicago futures community have object-1 ed to these proposals. The New York Stock Exchange has resisted in the past" the idea that price limits be set on its stocks. John J. Phelan the exchanges chairman, said in an interview last month that the current system of shutting a stocks trading down temporarily when there were huge imbalances oforders was sufficient to handle times of unusual stress.

The idea of no liquidity, that you cant trade at all, scares people, Phelan said. The purpose of price limits is to halt trading in the stock or other instrument once those limits are reached, and thereby reduce market volatility. However, regulatory officials stress that any daily price limits would most likely be large enough so that only under extreme panic conditions, such as Oct. 19, would they be reached. The Brady Commission is also recommending that, under certain conditions, widespread trading halts- across broad markets be triggered.

Though such trading halts would not stop a market from dropping if the economic fundamentals mandated such a decline, it would give overly panicky, markets some time to reassess the true conditions for the market instability. for the former Navy man who flew bombing missions In Vietnam and fathered a soq be-; fore Undergoing a sex-change operation' at Stanford University to 1973." hfy earliest memory was at 2 or 2 years of age. I felt I was female, Clark, 49, explained daring a telephone Interview from her parents home in San Juan Capistrano, a seaside com-, munity 60 miles southeast of Los Angeles. I was born male anatomical ly but female gendered. When your family and peers tell you youre feboy, you dont run and say, No way.

You go out and live your life and accept It, she said. So Michael lived a boys life and served in the Navy for 12 years. As a chief petty officer, Clark flew in PS Orions during bombing missions in Vietnam. If 1 there was anything Clark en-r Joyed from that former life, she said, it was tearing through the skies in the powerful Navy planes. -1 "My lifes Journey has taken me to some Interesting places," 'she said.

Indeed, she is believed to be the only person to have served in the U.S. military as both a man and woman and the only person to change gender who has taken religious vows. Clark was married for 11 1 years, then married again for 16 1 months and fathered a son) now 27, whom Clark hasnt seen since the child was 11. Michael Clark, is now a nan. After his Vietnam stint, Clark 'T enrolled 1nStanf ordssex change program and after a year of counseling, underwent the surgery in 1975 that transformed Michael Clark to Joanna Michelle Clark.

House' officials warned that President Reagan was likely to take the side of those opposing such measures, and indeed might turn out to be vehemently opposed to them, since they would constitute strong interference with the nations capital markets. The president is a fervent advocate of free markets and deregulation, while Wall Street officials are also likely to Oppose the changes out of fear that they might drive trading to European and other markets, where there are no such restrictions. Administration officials noted that the White House was particularly careful not to endorse any of the measures. Hinting at the concern by the White House, its top spokesman. Marlin Fitzwater, said it would not immediately endorse any of the recommendations of the report.

Some council members agreed with Coffey that because the Oakland Convention Visi-. tors Bureau recently was awarded 8170,000 more to begin a tour and travel department, the black chamber should get additional funds. But Coffey rdbuked the committee's recommendation that the chamber be given up to 000 more this budget year, saying it isnt enough money to generate more business. Fifty thousand wont help me, Coffey said. I need just for travel (to solicit conventions for the city).

I would rather not be insulted by this. I'm not here begging. Wilson then withdrew the funding recommendation, saying Coffey should be doing a better job of convincing the city it brings a lot of conventions to the city. Wilson said Wednesday that he felt Coffeys reaction was inappropriate. Wilson said the city needs to consolidate the different groups wooing conventioneers' to Oakland because he's not convinced they arent duplicating efforts.

lifted in Newark, Brooks said. Based on this year's amount wed be able to get next Christmas. Kettle donations paid for 477 Christmas baskets for needy families in the Hayward area, and more than 200 in Newark. This extra money really helps because it goes into reserves that helps us throughout the year," Rocheleau said. With the stormy weather all the requests for aid are way up, and this money is definitely going to help." Rocheleau said most of the ex-.

tra cash will be spent On food that can be handed to the needy. vaksy Mghs 45 to 65, lows 30s and tower 40s. Interior vaNoy highs 45 to 55, lows 35 to 45. Mountain resort highs 30s, lows 20s. Where to call Forecast for Oakland and vicinity, ocean forecasts National Weather Service forecasts: 364-7074.

Forecast for Oakland and vidnlty: 036-1212 (recording). Highway and road conditions: 654-0500 or 657-3755. Jan. 8 Sun rtsea 7:26 a.m. and sets 5:06 p.m.

Moon rtsea 9:40 p.m. and sate 10:12 am. Jan. 9 Sun rtsss 7:26 am. and sets 5:07 pm Moon rtsae 10:38 pm and sets 10:55 am.

For dotalis on tho Udso and marine forecasta sea Sports, Pago F-2. the Oct 19 market crash by a task force headed by a former New Jersey senator, Nicholas F. Brady. Administration officials said that copies of the report they had seen recommended a series of broad changes in regulation, designed to dampen the price volatility as well as centralize the oversight of ever more interrelated markets. Details of the changes were contained in an article Wednesday in The Wall Street Journal.

While White House officials 'would not publicly discuss the contents of the article, several administration officials said privately that it was generally, ac-curate. The task force report recommends that the government res-. tructure federal regulation of the entire financial industry to give the Federal Reserve Board much more authority over the -spectrum of financial regulation. It also calls for higher margin, or cash down payment, requirements on certain trading Instruments such as stock index futures and a more unified system of settling and clearing trades in securities. Though some in the financial community have advocated these and other changes since the market plunge, which pushed A the Dow Jones industrial a verge down 508 ponits, or 22.6 percent, Park.

Continued from Page A-I the. 11 unfinished buildings, be- cause the effort is no longer economically feasible. I have some concerns the money (the city has provided) wasnt aised effectively, said wjignnr i have some questions about whether the original.de-vclopcr should remain involved. My inclination is to take the project away from Coffey. Yes, he'll scream loud and clear.

But I think he's had liis shot unless he can come up with something to show they did what they could in the most effective way with the money we provided." Preservation Park is bounded by 11th, Castro and 14th streets and Martin Luther King Jr. Way. He shouldn't have anything else to do with it as far as Im concerned, agreed Council member Carter Gilmore. In my opinion he should not have had the project. He doesnt have the ability to develop it and he's not interested in what we want to do with the project." Coffey did not return phone" Bellringers.

Continued from Page A-I bags to fit all the coins from one kettle. Stoncridge Mall in Pleasanton is really what put us over," he said. I was stunned there by the contributions, the encouraging comments people made; they even kissed my bellringers because they were so happy to see them. Whats going to be exciting is next Christmas because I'll have these malls at the beginning of the season" and contributions might really soar, Rocheleau said. The boycotts, sponsored by lo 3 Thuraday Cky It 04 TS St II 07 44 1041 tool 41 SI IS ts M4f 41 It 17-10 MM 41 17 It 4 It 10 07 17 World Cky NUSurpt Bokndo S3.

aonw MUgh XT' VMM CMS Cdgery Frankftot Tucoou Khv Urn Sister Mary. Elizabeth, formerly With her career gone, it was time ty pursue another calling. 1 The one to religion. I felt called when I was 8 years old. It was something that I thought would never happen, -shesaid.

She said she always dreamed of being a sister and not a priest during her youth. She was raised in the Catholic faith, but found no acceptance by Catholics or Episcopalians during a yearlong attempt to become a nun. On Wednesday, the congregation at St. Clement's accepted her, even though the Episcopal Church has yet to approve her sisterhood. alone, Apodaca said.

They hesitated to pay their required 20 percent share of surgery bills that easily ran as high as Apodoca also blames doctors who promote cosmetic surgery and reap the financial rewards. One doctor will move one part of the body to another at the drop of a hat Thats not good medical practice, said Apodaca, who declined to name the physician. Saddler-Lipscomb said school officials are violating the teachers' contract, which guarantees all medical benefits in the self-insurance plan including elective cosmetic surgery. Last summer, the teachers association won a grievance on behalf of an instructor who sought district payment of elective cosmetic surgery, Saddler-Lipscomb said. Teachers are discussing their next step if school officials continue to block payment Recognizing the high cost of health insurance, teachers volunteered to serve 'on a Joint labor-management committee that is exploring ways to reorganize benefits after the contract ends June 30, she" said.

showers. Lata night valley fog forming. Ls Maim mmlMaa ISaaieMii la Majal BW IBWHnM IlIvlIVSfwJ IV rOTH Conception Increasing clouds today and chanco of rain the north during the aftamoon. Mostly sunny south. Salinas Valley: San Bonita, San Lais Oblapo, northern Santa Barbara Coon ty Locally danao morning fog In tlw south today becoming mostly sunny.

M- croaalng clouds and chance of ram the north during the aftamoon. Cloudy north and partly cloudy south tonight. San Joaquin Valley: San Joaquin Morning fog nee of rain and low clouds today. Chance i spreading from the north during the afternoon and becoming likely north of Flasno. Rain likely north and and a of ram slsawhara through to- Sacramento Valley: San Jeaquin -south to Bafcareflald Ram spreading from the north today.

8howars tapering off tonight with some partial clearing and lata night fog. Mount Snaete-Siakiyou area: Trinity, Shoots and llofclyou counties except Redding Ram or snow today, locally to ItoMA to ASu uiAOi fltouaaeva TiMvy nmw hie wm Dnowin tapering off tonight with soma partial The new religious order she founded is named the Community of St. Elizabeth, after a German woman who was canonized for hospital works. She hopes to attract more sisters to her order, which will help lany. human, being in need, regardless of sex and status.

Sister Mary Elizabeth said she wants to offer the disadvantaged the same kind of unconditional love her parents, Edwin and Roberta, offered her throughout her unconventional life. -You couldn't ask for more wonderful parents. They're lov- ing and supportive. They've reached out with unconditional love, she said. Wei are making every effort to work with the district to better meet all our needs, Saddler-Lipscomb said.

But the language in the current contract stands. We will not stand for a unilateral disallowance. School insurance experts say thaj. coverage for elective cosmetic surgery at most school school districts started to be phased out in the late 1970s. My feeling is that if a self-funded plan covers cosmetic surgery, its virtually suicidal.

I dont know of any company that covers elective surgeries, said Jana Brown, a Danville-based insurance consultant who represents Mt. Diablo Unified schools and three other Eastbay districts. The whole idea of health insurance is to insure against risks, said Adele Amodeo, whose Oakland-based health care consulting firm works with Richmond Unified schools and other public agcnbics. If insurance pays for tummy tucks and nose jobs, then why not hair transplants and wigs? Its vanity, and things done for vanitys sake do not into the scheme of medical problems, she said. "TODAYS FORECAST Thursday Forecast 04 Cloudy S7 17 Cloudy 0740 Cloudy 00-11 Clear It Cloudy SO Chur 41 10 Cloudy 10 Cloudy 04 Cloudy SOM Cloudy It so Cloudy II IS Cloudy 71 70 Cloudy 14 OS Ckwdy 0100 Cloudy 47 SS Cloudy 47 IS Snow S4 Ckwdy M47 Ckwdy MM Cloudy MU 4S 17 U-12 17 IS It IS ISOS IS 01 IS It 17 nos Still 14 S4 It II 17-04 1 17 IS 11 Chy DdraS 1703 SS 41 0147 0440 11 70 70 SO 10 01 It so 0 II 10 ts It IS 74 47 tf-M M-M 4t 41 NwrYorkCSy It tS NorMkVA ft NortkPhM SS-1S OktoomaCSy 11 Char Ctoudy Cloudy Cloudy Cloudy Ckwdy Cloudy Cloudy Ctoudy Cloudy calls from The Tribune.

He has said earlier that the preservation concept Is no longer because Of changes' in the tax law. Both Wilson and Gilmore have said they favor sticking with the preservation plan and Brama-lcas proposal to house nonprofit arts groups in the buildings over the current plan to lease the stored Victorians as office space. Coffey has said he intends to fight to retain his ownership interest. Coffey is president of the nonprofit, mainly city-funded Northern California Black Chamber of Commerce, which held the original exclusive negotiating rights to Preservation Park, Coffey has said the chamber's board agreed to transfer the development rights to him and a few other for-profit developers. The black chamber now operates out of one of the Preservation Park buildings.

On Tuesday the City Council's budget committee rejected Coffey's request for 8116.000 more for the black chambers budget. cal churches, began in early December when news stories told how local malls were not allowing Army bellringers on their property. After lots of publicity, Stoner-idge relaxed its ban Dec. 12, Southland allowed bellringers in Dec. 15 and NewPark Mall in Newark finally let them in on Dec.

19. The malls have set a precedent now, and I cant wait till next Christmas to see how we do with a full season of collecting in the malls. Brooks said. We collected probably 89,000 of that 812,000 we made in the last week when the ban was ItoaAtoeem toaem Ifeaelie nonnvm wvtti nvtioe yowhuve and Lessen parka Ram or snow developing north of Lake Tahos today with a chance of ram or snow alae-whore. Decraoslng showers tonight.

Little change snow level. Southern Sierra Nevada: Yoaomlto Park to Tohachapi Pees Partly cloudy today with a chance of showers near emit a. Snow level 6,000 feet. Varta-bia douds tonight and tomorrow with a chance of ram or snow mainly near Yoeemhs. California summary A Pacific weather front moved across Northern California and Into north Central California yesterday.

Snow tail In the northormost mountains of the slat a and locally Into some of the colder mountain valleys as low as 1,500 fast. A snow advisory Is affect this morning for tho Mount ShastaSiskiyou i Three-day outlook (Sunday through Tuesday) Chance of ram mainly die north Sunday. Ram Bkeiy Monday. Clearing trend Tuesday "'I areas of valley fog. Snow level 000 to 5400 feat Coastal area highs ioaatal 60s, lows uppar 30s and 40s.

Coasti CHy 43 41 iMdooCky 04 40 Momraal It Nohow 10 70 Ntootoa 7 43 OHM 44 41 Pirlo MM llopna 77 So MM Homo 00 BonJuon 41 IS SooPouh- S5KT 41 TWpol 7011 Tokyo 41 Toronto 77 Vonoouvor 4SM Vim 70 Wkedpog MU 71 40 4141 It 41 41-11 10 41 0641 TS IS I IS 71 TS TS 57 41 t4 07 10 It 40 1144 1 She re-enlisted in the military, this time Joining the Army reserve. She served for 22 months before her secret was discov- ered. She later won a 825,000 settlement when the Army tried to dismiss her. Teachers. Continued from Page A-1 seven years ago.

The Blue Cross health plan paid for surgeries performed to smooth unsightly facial wrinkles, tilt up noses, trim waist lines and build bust lines. Most Blue Cross benefits car-, ried over to the new insurance plan, which requires the district to pick up all medical costs, said Robert Apodaca, director of business services. Although elective cosmetic surgery was eliminated from the district's new medical plan, a clause guaranteeing this benefit in the old brochure escaped the notice of school officials, who included it in the pamphlet explaining medical benefits to employees, Apodaca said. Teachers argue that because the district offered the benefit in writing, they are contractually required to continue to provide it However, it did not become a sore point until 1985 when the district started assuming the entire expense Before then, workers rarely submitted to the surgeon's knife for beauty reasons WEATHER Forecasts Bay Area: Inland to Diablo Range co of rakt increasing clouds and chanco today. Ram becoming kkety In the north Bay by afternoon.

Highs the upper 40a and 60s. Scattered evening showers tapering off tonight with soma partial clearing and local log toward morning. Lows the 40s. Patchy morning fog tomorrow. Wortham California: Marin, Selena, Sacramento, El Dorado counties Ram developing along the north coast by daybreak and spreading over the area during the day.

Ram locally heavy at times In the northwest Dacraaamg Canlral California: B.F. to Alpine aunty southward to the Tshachapla Chance of ram spreading from the north today aqd tonight, baoomlng likely the north this aftamoon and evening. yaaLwaSeam JkUaamlaa fh NBnHWwSwni VEHVflVnlES VM RDTmi San Joaquin, Amador, Humboldt, Mon-dedne and Lake counMaa Rain to-" day, locally heavy at times. Clearing frond tonight after decreasing evening TEMPERATURES Bay Today's Forecast MU 40 Cloudy SS 41 Cloudy 140 Ckwdy 44 Cloudy SO 44 Cloudy S4 4S Cloudy S4 41 Ckwdy 41 4LCkwdy ri t' Thursday -car mu Concert 41 17 40 41 ftukwuilCSy IT 41 (S 40 SO 10 MR California SO SS SS 41 47 St 17 67 40 40 Cloudy S7 40 Snow 47 IS Fop 17 20 Ckwdy fir- I .4 9.