European Stars And Stripes (Newspaper) - June 11, 1977, Darmstadt, Hesse                                June 1977 the stars and stripes Page 11 As Carter trims 6 inflation threatens letters to the editor to slash paychecks 0 by Gregory Nokes Washington a even with help from the new tax Many americans face a substantial loss of purchasing Power this year because of with the year nearly half govern ment figures indicate that inflation will be significantly worse this year than in when consumer prices advanced per inflation pushed consumer prices up per cent in the first four months of the and the Carter administration recently raised its inflation forecast for ail of 1977 from per cent to per but the recent Pace of inflation is Caus ing speculation that it could be worse than that before the year is administration economists expect a slowdown in the inflation rate after mid especially in food which have risen s per cent in the first four there Are signs of Arf faking Riding Crest of Bonanza Buhil Vitoros Rome a the wrong Arm of the Law has developed a booming International business in fake counterfeiting some noted paintings so impeccably that even their authors concede they cant be the lucrative Enterprise in estimated by italian Art critics and galleries to net Over million a  Giorgio de Chiri the italian esteemed As one of the greatest living has emerged As the most copied Maestro As police follow the Trail of what they Call an organized and expert ring catering to galleries and the wealthy at Home and after a secret investigation that lasted the special Art unit of the National Carabiniero police impounded hundreds of de Chirico fakes in exposing the extent of forged six arrest War rants were including one against a noted gallery de a contemporary of is considered an Ideal target his works Are in wide a Canvas that fetched decade ago now commanding 20 times that Maestro is ill the old Maestro is with the flu and has kept quiet during the current but he remarked some years Back the International Market has been invaded by false de a leading expert estimates false de Chirico works at about the earlier ones pro u Art critics say galleries and private collectors should take pains to As certain the authenticity of de Chinco and other contemporary what lets fakers get away with counter Feit paintings is that they do More than just produce near perfect phonies they also and with equal Docu ments from Art galleries and even notaries attesting to the authenticity of refusing to divulge details of their findings pending conclusion of the they however that the probe is the biggest crackdown staged so far but they arc somewhat inhibited by reluctance of owners of forgeries to come Forth because it would also expose that the customary 14 per rent tax was not paid during l he t cars aet president Carter told a news conference thursday that his main concern at this Point on the economic scene is the rate of inflation and the Pace of inflation clearly is behind moves by the Money managing Federal Reserve Board to tighten growth of the Money Supply to make Loans More on Friday several major Banks raised their prime lending rate for Loans from 6vi to per the second increase in a since higher interest rates can Dis courage economic the Stock Market responded by pushing the Dow Jones Industrial average for stocks below to for the first time since although Carter has previously said inflation and unemployment could be battled his latest statement appeared to move him a big step closer to the position of former Treasury Secretary Wil Liam Simon that inflation was Public enemy there Are a lot of reasons Why Carter and his advisers worry about the recent ugh rate of for one rising prices mean con Sumers May have to Cut Back on expend there were signs that this May have started in when retail sales failed to increase for the first time in the combination of reduced consumer buying plus higher interest rates could endanger administration goats for economic growth and the real purchasing Power of workers paychecks declined in april for the fourth time in five months and was on tenth of 1 per cent below what it was a year that was after adding increased while the tax cuts signed into Law by Carter last week will reduce taxes by about a year for the average family of the losses to inflation should More than offset even if inflation holds to the per cent forecast by the it still Means a person with income would lose in purchasing Power because of higher prices by year that person Al ready had lost in purchasing Power by the end of until at Consumers had been increasing their in by drawing on americans were saving Only per cent of their income in the first Quarter of this one of the lowest rates in the savings rate was per cent in 1975 and per cent last Alice director of the congressional budget is pessimistic about the Pace of consumer spending in months partly because the savings rate is so Low and because it is Likely Consumers will want to build their savings up one reason Consumers reduced their she May have been Liat they anticipated receiving the lax rebate that Carter had proposed but then withdrew earlier this a rising inflation rate also could hinder administration efforts to win restraint in wage increases this so far wage hikes have been averaging about 8 per cent a a rate that May not continue to satisfy workers if it appears inflation will out Pace those rising wage rates usually result in even higher Price resulting in a wag Price spiral that the administration wants to Carter has announced an ant inflation program that rests heavily on his ability to work with both labor and management to moderate wage and Price Carter now appears to agree with has predecessors in Republican administrations that in will be impossible to return to full employment until inflation is brought under control this letter is not in response to any one particular Buta culmination of i just decided id write it to contrib Ute to the Many gripes and complaints so often seen in this Section of the stars and As it is affectionately called Here in i guess the main objective of this letter is to shed some Light on the life of the aver age trick worker Here in before i Tell you what a trick worker i suppose a Little clarification is in my along with most of my is teletype intercept what i have just told you about my mos is the same thing the Recruiter told me before i 1 was not told anymore of what i would be doing than you lust were because the work is enough said about the trick work has Many but the one i am about to describe is probably the most common form used at Field station it consists of four three working a specific shift with one trick on the three shifts consist of swings and the hours of each shift Are 7 on on swings and on its a 20mlnute bus ride from the Barracks to the Field so you can tack on the extra 30 minutes before and after each we work a six and two that six on and two we go from Days to swings to the Day swing break is 72 hours the swing mid break is 48 hours and the midday break is 72 the two 72 hour Breaks Are Nice after working for six but the 48hour break motherhood re the recent letter that called Prin Cess Grace of Monaco what More challenging and stimulating Job in the world can compare to that of being a Mother we can be a Little some thing to a lot of people but everything Only to a Little How important a Job is it to teach and train a Small Fertile brain about his or her new world what influence would we have on tomorrows world if it were not for the Young that we raise today 1 spent tworan Dahal years in the army in a rewarding and fulfilling Ive worked in three civilian positions since my All of which i thoroughly in i am now expecting Bur first i quit work outside the Home to study and prepare myself for the most monumental of All professions women As As Strong and constructive social Are Here to stay said the writer of the i fully As Long As women Are they will be the individual social Force at work in the Taggart Germany is rather so we Call it the Coffee or which stands for be right for us holidays Are a thing of the past since the station is in operation 24 hours a 365 Days a my along with two just happened to be working on new years and not to mention the other Legal holidays and training holidays straight Day workers in most every other unit we get 30 minutes for so there is no going to the Exchange or Bank when we Are working unless you own a car and can get an hour off to conduct some important we do receive three Days off in conjunction with a break around this is our Holiday time which is sup posed to make up for the holidays through out the year that we dont get As for three Day Ive seen two people receive a three Day pass in the year that Ive been our platoon Leader recently proposed his plan for three Day each Section will have one three Day pass to give to the most deserving person every five Why one pass per Section every five months because we have five duty sections and the pass goes from one Section to the other every in simple language this Means that two out of a 15 person would get a three Day pass in one one last word before closing retire my guess at the percentage of reenlistment for a first termer 05k is about three to five per when you consider the Cost of a clearance is somewhere around and the schooling is some where in the neighbourhood of six the percentage of re enlistees As compared to the Money used in its no army has to make in id like to say that Here in things could be but then they could be much i would be interested in Reading other soldiers Story of hardships in the future editions of the stars and fun Germany the is european edition Billy Ector Lutchm John Deputy  Mert managing editor Elmer manager Henry c pit Miniver this newspaper is an Auto lied unofficial pull Capon for armed forces the Start and stripes is published in conjunction with to 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