The Baytown Sun from Baytown, Texas on August 20, 1987 · Page 4
Get access to this page with a Free Trial

The Baytown Sun from Baytown, Texas · Page 4

Baytown, Texas
Issue Date:
Thursday, August 20, 1987
Page 4
Start Free Trial

4-A THE BAYTOWN SUN Thursday, August 20, 1987 •RIAL Port of Houston tonnage increases Encouraging news from the Port of Houston for the first half of the year: Tonnage is up by 6 percent. Public and private facilities handled 39.4 million tons of cargo during the first six months of the year, reflecting the increase over tonnage during the first half of 1986. Bulk cargos continued to lead the pack, adding up to 35.4 million tons for the first half of the year. The top bulk category consisted of petroleum products, with a lot of coastal and local movement in this area. Industrial chemicals and crude petroleum were the next two categories. Bay town's economy historically has been linked with the waterway extending from the turning basin in Houston to our own backyard. The port's business is our business; its economy serves as a barometer of how industries and businesses are faring in the entire area. And it's hard to ignore those harbor lights to our immediate south. Barbours Gut, the pride and joy of the Port of Houston, shines over the ship channel with its awesome night lights and brightens the port operation with its reputation for handling cargo quickly and efficiently. Business continues to grow, and with Barbours Cut wharves operating now at 85 percent capacity, future exansion is inevitable. Importers that chose Barbours Cut as their port of discharge during the past year included a Czechoslovakia tractor maker, a U.S. maker of farm equipment and a Yugoslavian auto maker. And this year, BMW North American plans to almost double its business going through the terminal. "Our investment in Barbours Curt will keep the Port of Houston competitive," says PHA executive director James Pugh. By the way, tonight's the night. Harris County Mayors and Councils Association Thursday night is expected to pick a member for the Port Commission, and Baytown's Robert L. Gillette is in the finals. Wish Bob — and Bay town — good luck. Today in history By THE ASSOCIATED PRESS On Aug. 20, 1968, the Soviet Union and other Warsaw Pact nations began invading Czechoslovakia to crush the "Prague Spring" liberalization drive of Alexander Dubcek's regime. In 1866, President Andrew Johnson formally declared the Civil War over, even though the fighting had stopped months earlier. In 1914, German forces occupied Brussels. Belgium, during World War I. In 1920, America's first commercial radio station, 8MK in Detroit, later WWJ, began daily broadcasting. In 1940. British Prime Minister Winston S. Churchill paid tribute to the Royal Air Force, saying. "Never in the field of human conflict was so much owed by so many to so few," In 1953, the Soviet Union publicly acknowledged it had conducted a test detonation of a hydrogen bomb. In 1955, hundreds of people were killed in anti-French rioting in Morocco and Algeria. In 1964, President Lyndon B. Johnson signed an anti-poverty measure totaling nearly SI billion. In 1980, the United Nations Security Council voted 14-0. with the United States abstaining, to condemn Israel's declaration that all of Jersualem was its capital. One year ago: A mail carrier went on a rampage at a post office in Edmond. Okla.. shooting to death 14 fellow workers before killing himself. Today's Birthdays: Sen. George Mitchell, D-Maine. is 54. Actor Sam Melville is 47. Musician Isaac Hayes is 45. India's Prime Minister Rajiv Gandhi is 43. NBC newscaster Connie Chung is 41. Berry's World "Hi, hon'! How was the bullet situation on the freeway today?" Leon Brown Editor and Publisher Fred Hornberger Assistant to Publisher Fred Hartmon Editor and Publisher, 1950-1974 EDITORIAL DEPARTMENT Wanda Orton Managing Editor Romona Merrill Associate Managing Editor ADVERTISING DEPARTMENT Russell Moroney Advertising Manager 'CIRCULATION Gory Dobbs , Circulation Manager The Boytov/n Sun (USPS 046 180) is entered as second class matter at the Boytown, Texas Post Office 77522 under the Act of Congress of March 3. 187Q Published afternoons, Monday through Friday and Sunday* at 1301 Memorial Drive in Boytown, Texas 77520 Suggested Subscription Rates By carrier, $5.25 per month. $63 00 per year- single copy price, 25 cents Daily, 50 cems Sunday. Mail rotes on request. Represented nationally by Coastal Publications. POSTMASTER: Send address ehanoes to THE BAYTOWN SUN, P.O Box 90, Boytown. T» 77522 •KWWt if TPl MMCIATI* ftTO The" Associated Press is entitled exctusively to fhe use for republicatton ro any news dispatches credited to ir or not otherwise credited in this poper and local news of spontaneous origin published herein. Rights ot republicotion of oil other matter herein are also reserved. The Baytown Sun retains nationally known syndicates whose writers' bylined stories ore used throughour the newspaper. There ore times when these articles do not reflect The Sun's viewpoint. ICTTWfWKT Onty signed letter* will be considered for puhircation. Names will be withheld upon readiest fo* pood and sufficient reoson Please Veep letters short The Sun reserve* the right to excerpt letters. Jack Anderson Pension plans exploited WASHINGTON — Millions of Americans have planned their retirement on the basis of their employers' pension plans — which were often set up after hard bargaining by employee unions. Unfortunately, many of these future pensioners are building their retirement dreams on sand. Congressional investigators have uncovered evidence, seen by our associate Michael Einstein, that some corporations that manage pension funds on their employees' behalf have abused and misused the money outrageously. The law requires that pensions funds be set aside in an inviolable trust. But many companies have been deferring their payments into the trust funds for years — with the tacit approval of the federal government. The payments are supposed to be made up, of course, but companies in financial trouble are using the money they should be putting into the pension funds for other expenses — and then going bankrupt anyhow. Even healthy corporations often treat the pension funds they manage as a source of money for various expenses or even attempted takeovers. They have perverted their pension plans into a private slush funds, in effect. Thirteen years ago, Congress passed the Employee Retirement Income Security Act, which was intended to guarantee that pensions benefits are actually paid out. The Pension Benefit Guaranty Corp. was Set up to make good on pensions in the event of bankruptcies, mergers and outright thievery. It is funded by modest premiums paid by companies with pension plans. The PBGC currently insures the pensions of 38 million workers covered by 112.300 private pension plans. ERISA imposes strict regulations designed to protect the pension funds. But still, some companies have successfully exploited the law. welshed on their pen- sion promises and left the federal government holding the bag. The PBGC is sinking deeper and deeper in the red. Its deficit shot up from $1.3 billion in 1985 to $4.8 billion in 1986. As more companies go bankrupt, particularly in the Midwest and Northeast industrial regions, the situation can only get worse. One example illustrates the threat: A year ago the nation's biggest steel maker, LTV, filed for Chapter 11 bankruptcy protection. It had merged with Republic Steel two years earlier. The problem was that Republic's pension fund was committed to payments of $2 million a month — yet it contained a grand total of $8,000. ERISA will protect the company's pensioners. But the LTV-Republic bankruptcy will cost the government $2.2 billion to keep the retired steelworkers' pension checks coming. Two other cases show why the PBGC is broke: Wheeling-Pittsburgh Steel's collapse in 1985 left S500 million in current and future pension debts for the government to pick up; Allis-Chalmers' bankruptcy stuck the insurance fund with S170 million in pension obligations. Congress has raised the annual premiums that corporations must pay for pension-fund insurance, but that won't be nearly enough to keep the PBGC solvent. "Unfortunately, more large terminations and even higher deficits are likely." PBGC executive director Kathlee Utgoff told the Senate Finance Committee. In fact, officials are afraid the insurance fund can write pension checks for only a few more years before it goes bankrupt itself. Footnote: Employees involved in profit- sharing and company thrift plans are protected to a certain extent by the bankruptcy laws — as long as the plans don't invest in the company's stock. These types of pension plans are not protected by ERISA. MORAL MAJORITY MAILING — A recent Louis Harris poll reported that the number of Americans who say they support TV evangelists has dropped from 25 percent to 12 percent in the wake of the PTL scandal. A House subcommittee has announced plans for a sweeping investigation into the televangel- ists' financial practices. Has this caused Rev. Jerry Falwell to hunker down? Not on your life. In fact, he has just sent out a fund solicitation that includes a survey of his own: an "issues poll" that he says will "help me set the course of Moral Majority this year." In the mailing, which was reviewed by our reporter Gary Clouser, Falwell deplores the •''threat of communism in Central America — and millions of refugees pouring into our southern borders." He also writes about AIDS, the global threat of communism, a weak Congress negotiating away President Reagan's Strategic Defense Initiative (Star Wars), and the "holocaust" of abortion. Having thus made his own opinions clear. Falwell writes that he's tired of slanted liberal polls and asks that recipients answer his five-question poll. Liberal poll slanters may find FalwelPs poll instructive. Here are his five questions: 1. Do you believe the U.S. government should help the Freedom Fighters of Central America fight their Communist aggressors? 2. Do you believe in a strong national de- fp.nse — including President Reagan's Strategic Defense Initiative? 3. Would you support a constitutional amendment that would make abortion on demand illegal? 4. Do you believe that laws should be passed to prohibit AIDS carriers from passing on Uiis disease to others' 7 5. Are you in favor of tougher penalties •-including capital punishment in some cases — for drug pushers? United Pasture columnist Jack Anderyoa »•«* Ass by Joseph Spear in writing today's story From Sun files 1932 storm "REMIND MEx TO GET A COUPLE OP MOUSETRAPS AND HAVE THE MENT CH&CKED FOR RADON GAS 1" Readers' views To The Sun: An effective city council needs thinkers and problem solvers, not gamblers and referral agents. Thought provoking situations that needed problem solvers and not gamblers and referral agents encountered by the Baytown City Council are many. The most serious ones are the following: BROWNWOOD: Four years after Alicia, where are we? Would correction of the problem, while insuring citizen rights, be less expensive than the ordinance, condemnation proceedings, and litigation, both in terms of citizens' rights and town image? Problem solving in action, visit Kemah. TAXATION WITH REPRESENTATION: Would preserving the rights of persons to elect their representative on city councils have been less expensive than spending hundreds of thousands of taxpayers' dollars to deprive them of that right? To put this issue in the proper perspective, one need only make two inquiries? 1. Would you like for the Texas Senators to be elected by all voters in the United States to represent your state? 2. Are Senator Bentsen and Senator Gramm less effective and less concerned for the good of the United States because only Texans elected them and they are concerned about Texas matters and problems? DECREASED REVENUE: Would city services have to be reduced, and policemen and city employees have to be reduced or forfeit worthwhile merit increases if the city of Baytown was not spending hundreds of thousands of dollars to litigate against tax-paying citizens in an attempt to deprive them of their constitutional rights? It is my firm belief that some members on city council, aided by the city's legal department, make decisions based on their own personal desires and interests, without any thought of the citizens of Baytown. then litigate to the death, their wrong decisions. NEXT ELECTION, thinkers not gamblers! To Thinkers, adverse situations are challenges. •Reba Eichelbergcr Attorney at law 4201 Garth Ud.. Suite ill P.S. Even the wrong decisions would not be so costly if the person paid and authorized by city charter to defend the city in litigation did so without contracting out. ^ cut cotton production From The Baytown Sun files. this is the way it was : 55 YEARS AGO Theo Wilburn. cotton ginner, estimates that the hurricane cut production uf cotton in this area by 50 percent. Tri-Cities Boy Scouts leave next week (or a four-day encampment on Trinity Bay at the Henry Cathriner cottage. Two suspects in the Hull bank robbery are arrested The bank was rubbed at noon July 22 when two men forced A J HarlrellJr . cashier, to hand over S1.2W They overlooked $15,000 in cash stored in un open vault The suspects have been hiding out in the Big Thicket until arrested this week. 50 YEARS AGO Two cars are looted of clothing and a small amount of change while the owners are swimming at Evergreen Beach. Cars belong to Mr. and Mrs. N.C. Smith and Fred Smith of Felly. 40 YEARS AGO Two insurance companies that carried a policy on a plane own ed by J. Milton Lawless. Tri- Cities photographer, say they did not insure the plane against turkey damage. But Lawless' attorney. Frank Mann, tells a Houston court that the companies should pay for the damages done by some 5o turkeys that jumped on the plane after it landed near Robstown, After watching the graceful glide of the plane, the turkeys probably thought it was some kind of "super bird," Mann says. W.C. Underwood. Barbers HJ1I High School coach, is promoted to principal. John Hosea will take over coaching duties. 30 YEARS AGO Jerry Prochazka becomes principal of Crosby High School, replacing C.J. MHIer, who has resigned. Crosby Fair and Rodeo opens tonight with Tex W. Tyler as general manager. ! 20 YEARS AGO Ensign Mike Powers is assigned to Whiting Field at Milton. Fla., where he is in Naval flight training. A graduate of Robert E. Lee High School and Notre Dame, Powers was an aidc'to Sen. Walter Mondale of Mlh- nesota last year. £ Bible verse And ye shall wck me, and me, when ye shall search for ine with your heart. >.: Jeremiah »;"13

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 8,600+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free