European Stars and Stripes (Newspaper) - August 01, 1978, Darmstadt, Hesse                                Savings How of make your nest egg expand instead of shrink some possibilities i editor s n Oak for even Small wage earners respectable investment advisors recommend modest savings pro Grams. This Story is the first in a four part series in saving \ by Bob ii Oyer \ staff writer urging thai hard earned nest egg no produces a sinking feeling in the Pil of the stomach. After All the Money was Squirrel led Iway with the Best of intentions. You wanted it for a new Home for the education us the children or maybe in add to your retirement. But the Dollar saved three five or 10 years ago won t buy nearly As much Asil did when you put it away. Yet even As rising prices push the Cost of living Ever higher. Americans in Europe continue to put Money aside while inflation cats like a cancer at savings. The effects can be demoralizing. To the sober and industrious individual trying to live in the tradition of Thrift saving can seem like an exercise in Utility what can the individual do to prevent or slow the erosion of saved income there is no absolute remedy for this predicament that has haunted the Saver since the beginning of civilization. Only taxes and death arc certain. But advisers usually recommend three Safe investment vehicles to reduce the Impact of inflation Bank savings certificates. . Treasury paper Bills notes and Bonds and relatively Safe tax free municipal Bonds or Bond funds. The Choice depends on investor objectives the amount of Money available and relative risk Factor. For the average investor Banks Are the most familiar investment vehicle the rapid expansion of consumer credit during the past decade has led Banks to pursue the Saver s Dollar to cover the Ever expanding demand for new credit. Competition among american banking institutions both at Home and abroad Nowise Lively. American express banking facilities in continued on pages col. 1 amelia7 socks s. Texas Gulf authorized unofficial publication for the . Armed Force vol. 37, no. 10s Ond Sonde tuesday August i 1978 if 21855 a by United press International heavy Rains helped ease drought conditions in South Texas monday but brought havoc to Gulf of Mexico fishing boat Crews who ignored the season s first tropical storm. . Coast guard teams patrolled the Gulf of Mexico rescuing Crews after the quickly developed tropical storm known As Amelia swept along the Texas coast with winds As Strong As 50 Mph and pushed seas to 14 feet. A coast guard spokesman at South padre Island said the Mermaid of the sea a shrimp boat Sank in High Waves sunday afternoon but its Crew was rescued from the water. The coast guard office in new Orleans said at least five fishing boats All in the 40 to 70-foot Range remained in the Gull monday and two coast guard helicopters and four boats were assisting them. Rains Welcome the Rains were Welcome in South and Central portions of Texas where drought in the past few months has caused lakes and reservoirs to drop significantly. Two planes crashed in Indiana during sunday night s thunderstorms. Margaret Cecil 44. And James s. Overton 48, both of Louisville ky., were killed when their plane hit Power lines As it attempted to land on a Road near Mitchell state police said. The other crash near Valparaiso slightly injured the Pilot when the wheels of his plane mired during a Landing attempt flip Ping the aircraft in a Cornfield. Cool air brought an Early taste of autumn to the Northern states but scorch ing temperatures returned to the South West. Alpena mich., set a record Low of 36 Early monday and readings in the 40s and 50s were common throughout the great lakes Region. But the Mercury simmered at 114 de Grees sunday at Las vegas nev., 102 at Dallas and 100 each in Oklahoma City and Salt Lake City. Other things on their minds like Many another bridal pair on their wedding eve greek millionairess Christina Onassis and her soviet Fiance Sergei Kuzov appear to have Little time for such mundane matters As re porters questions. Returning to the in tourist hotel after lunching on the outskirts of Moi cow they Hustle by Luclin Nau right photo correspondent for Paris match Magazine. News stories have reported the wedding is scheduled for tuesday. A photo stranded still clog Europe s airports by the associated press hundreds of thousands of air travellers remained stranded at european airports monday waiting for flights delayed by a slowdown of air traffic controllers in France. The slowdown bit hardest Over the week end As millions of europeans who tend to take their vacations in August began their annual migration to roasts camping Sites and foreign parts there storm no id r o Relief at least until wednesday when the French control lers Union meets to decide on what future action to take they Are demanding modernized equipment and More personnel which they claim Are essential for Passen Ger safety As Well As an improved pay  flights from All Over Europe pass through French air space the slow Down affected Britain. Italy. Sweden and other West european countries \Yiuild-bt1 air travellers spent hours run Days in a slow simmer sometimes verging on violence camped out in Airport Depar Ture lounges waiting for their flights to be called. Some even set up tents around French airports. This chaos s threatening air transport As a reliable and serious  commented Hans Erik Christensen. Station manager at Lillund Airport in Jutland Denmark s second largest Airport in terms of charter flights an estimated 50.000 scandinavians Are affected by the French controllers slow Down which Christensen described As  the big losers Are Ordinary people whose vacations Are  Christensen said of the controllers coinciding their action with the Peak of the Holiday season. The French controllers have disrupted european air traffic for three weekends in a Row. But the worst was this past one the controllers direct airline traffic continued on Page 2f. Col i