LEAD: In 34 years as a New Yorker, Reinaldo Pacheco has not voted in New York City. But his apathy turns to indignation at the thought of being prevented from choosing, by ballot, the political future of his native Puerto Rico.

U.S. Puerto Ricans Debate Right to Vote on Island's Future

LEAD: In a stock swap deal that would create the world's fourth-largest insurance brokerage, London-based Willis Faber P.L.C. and the New York-based Corroon & Black Corporation today announced plans for a $731.6 million merger.

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LEAD:    Greyhound in Bankruptcy    The bus company, battered by a three-month drivers' strike, vowed no interruption of service and said no jobs would be affected. Page D1.       Trump Confirms Bank Talks    Donald J. Trump is said to face difficulty paying interest on loans that financed his empire. Prices plunged on bonds backing his casinos.

INSIDE

LEAD: Gov. Mario M. Cuomo, who defeated the Democratic Party establishment eight years ago to win his first gubernatorial nomination, was chosen by acclamation for a third term today by the party he now dominates.

It's Cuomo and the Battle-Scarred Veterans

LEAD: President Mikhail S. Gorbachev of the Soviet Union ended an exhausting transcontinental visit to the United States today with an appeal for a radically changed system of global alliances.

After the Summit;   Gorbachev Urges Major Changes In the World's System of Alliances

LEAD: In a ruling that Hispanic political organizations equated with the landmark court decisions that desegregated the South, a Federal judge today declared that the Los Angeles County Supervisors had unconstitutionally gerrymandered their districts to exclude Hispanic people from representation.

LOS ANGELES BOARD IS SAID TO EXERCISE ANTI-HISPANIC BIAS

LEAD: A new research organization, the Economic Strategy Institute, built on the prestige of Clyde V. Prestowitz Jr., opens in Washington today, dedicated to the proposition that American corporations should not be lured into becoming ''stateless'' global enterprises.

New Research Group Wary Of U.S. Global Enterprises

LEAD: AS the human genome project drives steadily forward, the vast new effort to delineate all three billion chemical building blocks of humanity's genetic makeup is arousing alarm, derision and outright fury among an increasingly activist segment of the biomedical community.

Great 15-Year Project To Decipher Genes Stirs Opposition

LEAD: The Supreme Court today upheld a 1984 Federal law that requires public high schools to allow students' religious and political clubs to meet on the same basis as other extracurricular activities.

High Court Rules Religious Clubs Can Meet in Public High Schools

LEAD:    COMPANIES       Greyhound Lines filed for bankruptcy protection from its creditors under Chapter 11. The company, whose bus drivers walked out on March 2, has missed more than $16 million in loan, interest and lease payments since the end of April, while spending money to fight the strike. [Page D1.

BUSINESS DIGEST

LEAD: Donald J. Trump is fond of calling the Plaza Hotel, which he bought two years ago, ''the ultimate trophy in the world.'' But the famed Manhattan luxury hotel has proved to be a costly trophy.

A Haze of Debt Clouds The Plaza Hotel's Gleam

LEAD: Donald J. Trump confirmed yesterday that he was holding discussions with representatives of the banks that have helped finance his far-flung business ventures. On the news, the prices of the publicly traded bonds issued to finance Mr. Trump's three casinos in Atlantic City plummeted, reflecting the market's increasing nervousness about the

Bank Talks Confirmed By Trump

LEAD: Milan Panic, the enthusiastic chairman of ICN Pharmaceuticals Inc., takes any opportunity to retell how he arrived in America from Yugoslavia in 1956 with his family, a university degree and little else, and founded what is today a multimillion-dollar drug company.

Failure of AIDS Drug Taints ICN

LEAD: A SMALL weak spot in the Earth's magnetic field is causing big problems for sensitive instruments on scientific spacecraft, forcing changes in how astronomers observe the heavens.

'Dip' on Earth Is Big Trouble In Space

LEAD: DR. KATHERINE WILSON joined the Johns Hopkins University School of Medicine recently with high hopes. The university had hired her as an assistant professor of cell biology and anatomy and invested $350,000 in her laboratory equipment and salary.

Beginning Scientists Face a Research Fund Drought

LEAD: More than 30 people identified as members or associates of the Bonanno organized-crime family were arrested yesterday and on Sunday and accused of taking part in an operation that specialized in robbing and killing drug traffickers, Federal authorities said.

Drug Killings Tied to Mob; 30 Are Seized

LEAD: President Roh Tae Woo of South Korea met here today with President Mikhail S. Gorbachev of the Soviet Union and said later that the two nations would establish diplomatic relations in the future.

After the Summit;   GORBACHEV, ENDING U.S. TRIP, MEETS SOUTH KOREA LEADER, WHO SEES A RENEWAL OF TIES

LEAD: Greyhound Lines Inc. said late today that it had sought court protection under Chapter 11 of the Federal Bankruptcy Code in an effort to keep the nation's only coast-to-coast bus system from being whittled apart by creditors.

Bankruptcy Filing by Greyhound

LEAD: Stymied by five years of bureaucratic infighting, favoritism and charges of corruption, New York City's highly politicized Board of Elections has failed to award a huge contract to replace its obsolete voting machinery.

Machine Politics; Slow Search for a Better Booth;   Favoritism Blocks New York From New Voting Machines

LEAD: The road to riches in Eastern Europe? A former Hungarian rock musician, Gabor J. Varszegi, found an answer: hire young people untainted by Communist work experience, pay them four times the going rate and then offer customers a one-hour film-developing service instead of the usual monthlong wait.

  A New Formula in Hungary: Speed Service and Grow Rich

LEAD: The New York Telephone Company asked the state's Public Service Commission yesterday for permission to assign a new area code - 917 - to the Bronx and to all cellular phones and paging devices in the 212 area, which now covers 2.5 million lines in Manhattan and the Bronx.

917 Area Code Is Proposed For the Bronx

LEAD: This is a tale of old money and how it got to be that way. It brings to mind the 19th-century reformer Henry George, who asked, ''How many men are there who fairly earn a million dollars?''

Our Towns;   Tug-of-War Over A Golf Course For a Select Few

LEAD: Scholarly sleuths trying to get to the bottom of the Piltdown hoax believe they have at long last got their man, the mastermind in the most famous science fraud of the century.

Mastermind of Piltdown Hoax Unmasked?

NEWS SUMMARY

LEAD: A YEAR after the Federal Government banned the importation of ivory from the African elephant, the commercial ivory market in the United States has collapsed, a study by a conservation group has found.

U.S. Ivory Market Collapses After Import Ban

Radko Gudas is a Czech professional ice hockey defenceman and captain for the Anaheim Ducks in the National Hockey League (NHL). He has previously played in the NHL for the Tampa Bay Lightning, Philadelphia Flyers, Washington Capitals, and the Florida Panthers.

June 5, 1990

Headlines from June 5, 1990

U.S. Puerto Ricans Debate Right to Vote on Island's Future

Article 972490 -- No Title

INSIDE

It's Cuomo and the Battle-Scarred Veterans

After the Summit; Gorbachev Urges Major Changes In the World's System of Alliances

Billboard 200

I Do Not Want What I Haven't Got

Please Hammer Don't Hurt 'Em

Brigade

Pretty Woman

Poison

Notable Births

Historical Context for June 5, 1990