European Stars And Stripes (Newspaper) - January 8, 1978, Darmstadt, Hesse                                January 1978 the stars and stripes Page 23 Effort to Cut Dollar speculation raises discount rate Curry pay Money in an attempt to but International currency the rate has been percent since in creasing interest rates May help pre vent erosion of the Dollar i Jay Damn age the Domestic Economy by re Feung the boards action Friday followed an increase in the lending rate from 7 to 1 percent by the nations second largest Citibank of new the Federal Reserve has the responsibility for maintaining stability in the National Money the discount Rale is the interest charge that member Banks pay to borrow from the Central the Dollar plunged on foreign Exchange and falling prices on the new York Stock Exchange pushed the Dow Jones Industrial average under1 000 for the first time Inton Wall Street observers attributed the Dowa weakness to the beleaguered Lack of Confidence in the Carter and uncertainty Over monetary and fear of rising interest b Federal Reserve Arthur ordered the discount Rale action after consultation with Treasury Secretary Michael Blumenthal it was the second coordinated action in three Days by the governments leading monetary policy makers to try to ease speculation against the the Dollar has weakened in currency markets because of the huge Trade deficit tit the 127 billion deficit was More than four times higher than the pre Vious the United states wednesday precipitated one of the most hectic Days in Modem history on foreign Exchange mar China sign Trade pact Hong Kong up Brazil and China Ned a Trade agreement in sets with its announcement that the trea sury for the first Lime since 1968 would intervene to support the but the recovery was Short As Long As the United states is not Pur suing a drastic Energy saving program and As Long As Here is no improvement in its Trade the Dollar stands no solid Chance for the sop porting actions might a German the recent disorder in Torelan Exchange markets constitutes a threat to or Derly expansion of the Domestic and International the Federal re serve Board said in since the end of the the Dis count rate trend was Down until last when it was raised from s4 percent to m4 the fed hiked the rate to percent the new rate takes effect 3 Texas Eagle killers to be sentenced 6 san Texas Upu a Feder a judge has it 6 sentencing for three men convicted last month of conspiracy in the killing of at least 70 protected Golden eagles from a helicopter at Leakey a Federal jury in a Fly Friday trial last month convicted real county commissioner Lanny ranch Foreman Norman Morris face and suspended government Hunter Andrew Allen of the mis Demeanour Leinweber was found guilty of one Allen of three counts and Pape erf District judge John who ordered a present ending investigation before imposing could sentence the men to one year in jail and tines on each of the the three men All denied that they participated in the allegedly financed in part with real county tax but a helicopter Pilot testifying under immunity told the jury be flew armed Hunters As they flushed the eagles from Bluffs and killed hem with in a Federal grand jury u Conti Nuong in investigation into the Eagle kill Ings testimony during the trial implicated real county judge san Somona meet ing in which killing eagles was Samara also headed the real county predator association which paid for half the Cost of renting the while As county approved pay of the other half of the Bill with tax Waldheim visits Turkey to study Cyprus situation Istanbul up United Secretary general Kurt Waldheim Satur Day began at reeday fac finding visit to Turkey to find out where the new govern ment stands on the Cyprus my intention is to ask the new turkish government its position toward Waldheim said on arriving in Istanbul Waldheim said he brought no plan with him to t dont think this would be helpful right be but he said he would be in a better Posi Tion to propose a Date for the talks to resume b Light of his discussions with the of Greece and elks have been stalled since the turkish general elections Jast Only will recover Palestine fight unto Arafat warns Lebanon a palestinian guerrilla Leader Yasser Arafat said Satur Day that the Palestine liberation organisation shall fight unto death to liberate we Are prepared to offer thousands and hundreds of thousands of martyrs to recover Arafat told cheering crowds at a mass rally commemorating the guerrilla movements we realize that Palestine cannot be re covered by bargaining or on the negotiating Arafat went Palestine can be restored Only by by the Arafat said president Carter and israeli Premier Menahem begin must learn thai the palestinian revolution Wilt never fall Down on Ita shall never crawl but will Flohl on unto death or Arafat Salah described Carter As an Amateur who cant make up his mind but nil positions at a breathtaking Khalaf referring to what the Plo considers As contradictory statements Given by Carter on the palestinians right to a Hen to an entity and then to Carters support for Begus proposal of a limited both Leaden spoke at the martyrs Cem etry on the Southern outskirts of Arafat unveiled a Monument to the unknown palestinian Khalaf rejected a growing trend among egyptian and iranian leaders to link the Israel occupied palestinian territories of the West Bank of the Jordan River and the Gaza strip to Jordans King any Yard of palestinian soil that emerges Iran israeli occupation Wilt never be Given to King ii will belong to the palestinian people and their legitimate said apparent suicide attempt brings homicide charge i a police in this suburb charged a Man with homicide after he allegedly drove his automobile into a Light pole in a suicide at but instead killed his a Passen Ger in the Montgomery county police said Freder ick of nearby crashed he car onto a median and struck the Calbo uns died of inter Nal injuries at a Hospital two hours after the Cal noun suffered a broken hip and police if amateurs of politics really believe that they can reach peace in the Middle East without the then i believe they Are committing a grave mistake they will be wrecking their own peace efforts with their own Khalaf there can never be peace in this Region without the Plo and the palestinian Khalaf denounced egyptian president Anwar Sadat unilateral peace initiative with Israel and criticism of the Egypt stands fast at our not at Sadat so does the egyptian he Arafat speech was his first in Beirut following two Days of talks in Damascus with president Hafez Assad and other syrian he also held a seven hour debate with a visiting 15man delegation of the House of Khalaf had also just returned from an Arab world tour that covered the Oil Rich nations of North Africa and the persian bands of Young guerrilla cubs and palestinian boy and girl scout units staged a drum March through the guerrilla popu lated Ana of Beirut before the memorial ceremony at the they carried pictures of guerrillas killed in action against Ford recalls new cars Detroit up Ford motor has announced the recall of 1978ford Fairmont and Mercury Zephyr passenger can to Correct a potential problem in the main wiring Assembly that could Lead to a loss at electrical Power and veil do Mobili also Chrysler said it is adding about Midland full sin passenger cars to its m recall of u million smaller can for replacement of in accelerator pump the Seal was identified As a cause of pos sible in Gurte the extended recall covers it76 and 1b77 Plymouth fury and grand Dodge Royal Coronet and Charger and Chrysler Cordoba models equipped with 311 and 221 cubic Inch in Stephen manager of the service engineering office of the fond parts and service said the com Pany has received no reports of accidents or injuries As a result of its Geoffrey said the main wiring Assembly on some of the affected cars could chafe against a Metal support Brace under the instrument causing one or More of the wires to become in he could Lead to loss of electrical Power affecting one or More electrical systems and possible loss of to Geoffrey said dealers will inspect the main wiring make any Neces sary repairs caused Fay chafing and install protective Shields on the Brace at no Cost to Ford and Lincoln Mercury dealers Are being advised of the repair Geoffrey and letters to affected owners will be mailed in the near similar action is being taken for affected cars in Canada and Export markets As he last month Chrysler bowed to pressure from the Federal government and agreed to recall million Plymouth valiant and Volare and Dodge Dart and Aspen models with the same stalling a company spokesman said Chrysler is voluntarily recalling the additional cars and that dealers Are being notified of the extended it is essentially an Extension of the other the spokesman the cars under recall Are equipped with an accelerator Seal which May become distorted through Contact Wither Tain unleaded gasoline containing Aero Matics and other additives which were not in wide use when the engines were de signed and Chrysler when we designed these the Ferenal than they Are at present moment and this seat worked the Chrysler spokesman these Aero aus an added to some Gas and the unleaded ones in attempt to raise the As a this particular Seal made out of a kind of plastic gets gummed tip to meteorite buffs head for Antarctica Washington Dpi a University of Pittsburgh geologist found 21 meteorites within two hours of setting up Camp on a stretch of very old ice in Antarctica last it was reported the discoveries by William Cassidy supported his claim of last year that Antarctica b the Moat Fertile ground in the world for meteorite Only about meteorites have been found in Yean of searches around the to pick up 11 it one said Cyril Ponnamperuma of the University of is fantastic