NEWWAVEOBIT: Three weeks after being diagnosed bipolar, Washington label owner and promoter Bill Asp has taken his own life by stabbing. 53 year old Asp had recently moved to Phoenix after thirty years in Washington, a time which saw him support bands including the Insect Surfers, Tru Fax and the Insaniacs, Beex, Tiny Desk Unit and the Beatnik Flies. Between 1976 and 1985 Asp and his wife Debbie were in charge at the Record and Tape Exchange of Virginia, a focal point for punks and new wavers in the district. He went on to promote the bands from the scene, eventually founding Wasp records as well as the Endless Weekend management agency. He closed the shop and withdrew from the music business in 1985, transfering his energies to work in the non-profit sector.