European Stars And Stripes (Newspaper) - September 26, 1978, Darmstadt, Hesse                                Page 2 the stars and stripes tuesday september 26, 1978 Iraq blasts Summit accords United nations up foreign minister Sawdon Hamadi of Iraq the first Arab hardliner to speak in the . Gener al Assembly s 33rd session denounced the Camp David agreements monday As a Frame for a humiliating capitulation trea  Assembly opened its three week general debate in the absence of Secretary of state Cyrus Vance originally scheduled to take the floor As the second speaker. Vance was tied up briefing president Carter on his Middle East journey to sell Camp David to the arabs and postponed his statement until Friday. Hamadi lashed out at . Support for Israel which he said enabled the jewish state to maintain its expansionist policy against the  zionist Force the Camp David accords he said called for a liquidation of the palestinian right to self determination denied the palestinians Unity and sovereignty Over their territory and maintained a permanent zionist Force on the West Bank Hamadi s statement keynote a Tough Arab policy which is expected to be voiced throughout the debate. The first speakers to support the agree ments As a step Forward were the foreign ministers of Norway and Japan. . Is target earlier. Brazilian foreign minister aze redo Dasilveira charged that a few coun tries immensely More prosperous and powerful than others seek to resolve the political and economic destinies of the world with the United nations kept at the margin and with disregard to the interests of the great majority of its  he complained of obstacles that certain developed countries try to raise to the acquisition by the remaining states of technologies indispensable to development including nuclear technology for peaceful  the Prospect of having National legislation on matters under negotiation adopted unilaterally that would affect mat ters under negotiation in the . Confer ence on the Law of the sea. The suspension some Days ago of the Assembly s standing committee for North South economic dialogue. The United states was his obvious tar get since it has opposed West Germany s Selling Brazil a nuclear fuel reprocessing Plant Congress is considering legislation to let . Companies mine the deep seabed and the leadership of the North South committee has accused the United states of blocking agreement. Funds go into Swiss francs Dollar hits Low Gold rises of High London a the Dollar plumbed a new Low against the powerful Swiss franc monday As Gold hit an All time High of $220.25 an ounce on the London Bullion Market. Most of the pressure on the Dollar came from the Swiss franc As investors continued to put their Money holdings into the Swiss currency backed by a thriving Export Economy virtually free of inflation. There just does t seem to be any Stop Ping of the Dollar s fall said a Frankfurt dealer of the . Currency s showing against the Swiss franc. We Don t see any reason Why the Dollar should t fall even further As the week wears  the Dollar was quoted in Zurich at 1.4905 Swiss francs an All time Low. The Dollar ended last week at 1.5240 Swiss francs. The previous record Low was last thursday s late rate of 1.5195 francs. The Dollar did improve however against the sagging French franc and the japanese yen. Dollar rates in major european Finan Cial centers Frankfurt 1.9437 German Marks Paris 4.38625 francs Milan 826.30 lire Amsterdam 2.1165 guilders. In London it took $1.97445 to buy a British Pound. Con version table on Page 27. In Tokyo which ends its business Day As european markets Are opening the Dollar edged up slightly against the yen. It closed at 187.825 yen up from 187.60 yen at Fri Day s close. The Dollar s weakness late in the Day in Europe helped push up the Price of Gold a traditional hedge for an investor in times of monetary uncertainty. The Metal closed in London at an All time High of $220.25 a Troy ounce up $5.875 from Friday s close of $214.375 and the re Cord fixing Price monday afternoon of $218.40. Gold began the year at around $169.50 on the London Market. As the Dollar fell against major currencies the Metal pushed through the $200 Barrier july 28. Since then it has Only slipped below $200 once last aug. 23. Carter tells world financial leaders . Will keep economic promises Washington up president car Ter monday told the world s financial Lead ers that on my word of Honor the United states will fulfil pledges to fight inflation reduce its Trade deficit and support the Dol Lar. My own reputation As a world Leader is at stake and i am committed and wholly determined to fulfil those pledges car Ter told 3,500 delegates from 135 countries attending the joint annual meeting of the world Bank and the International Mone tary fund. The president emphasized the need for global cooperation saying a contribution is needed from every country Here no matter How great or Small no matter reject 5% pay hike How Rich or  As for America s role he said economic problems Are the most urgent priorities of my administration and let there be no doubt in your mind about How seriously i take those pledges that have been made on my word of Honor and on behalf of the american  everyone understands the difficult struggle against inflation Carter said. My administration will continue the struggle until we succeed. There will be obstacles and objections from special inter est groups along the Way but i will  of his new Trade promotion policy to be announced tuesday the president said workers walking out at British Ford plants London a thousands of workers last month s conference of Britain Trade at Ford plants throughout Britain unions Congress that any wage hikes streamed out of factory Gates monday Over during the coming 12 months must be kept Rorm r 1 o i rec f of i ill Ali i  4u. A 11 ,. _. Wage claims that could bring the govern ment s pay policy Down in ruins. The mass walkout of Over half of Ford s 56,000 workers in Britain was Over a Flat 5 per cent pay increase offered by the com Pany for the coming year. The offer was in line with prime minister James Callag Han s insistence which he spelled out at two civil guard Cooks slain in san Sebastian san Sebastian Spain a two Cooks for the paramilitary civil guard Senate in Madrid for final debate on the new Spanish Constitution. Within 5 per cent plus any productivity agreements in order to combat inflation. A 5 per cent offer would have Given most workers an increase of around three pounds 50 Pence $6.90 a week. The work ers had asked for a 20-Pound $39 hike and called the company offer  the walkout by midday 29,000 employees out of a total 56,000 manual work ers had voted to strike and meetings were planned for later monday to persuade night shift workers to strike As Well was seen As the first mass confrontation of the year Between the unions and government. Sid Harraway a member of the Union s negotiating committee in the company declared by tomorrow we expect a total shutdown of the company s operations in the United  and on the government Side Joel bar Nett Treasury minister under Chancellor the Outlook for Progress is Good. Some of the causes of our Large Trade deficit have already been removed. Others Are  Carter said he is determined to bolster the american Dollar because it is of Pri Mary importance to us and to  we recognize that the Dollar plays an important International role he said and we accept that  the president received polite applause at the beginning and end of his speech and was interrupted by an ovation when he mentioned the results of the Camp David Mideast Summit. Earlier in the opening session world Bank president Robert Mcnamara Esti mated that without economic growth and an intensified global assistance program 600 million people around the world would remain trapped in absolute poverty bythe year 2000. One thing blocking Progress by the developing countries is protective Trade barriers Mcnamara said. Jacques de la Rosiere managing director of the if told the gathering that the triple problems of inflation imbalanced International payments and slow recovery from the 1973-75 recession add up to a very difficult and potentially  the persistence of inflation generates fears and uncertainties that can fuse eco nomic decisions and hamper All aspects of policymaking he said. Temperatures were machine gunned to death monday As it was the second fatal attack on police of the exchequer Deni h of y dear the they were loading a Van with food they had in three Days in the Basque country. An ret of this Basque City in Northwest Spain. Eyewitnesses said four Young men riddled Lorenzo Soto 24, and Jose Zafra 30, who were in civilian clothes. But police sources said one or both of the guardsmen apparently were Able to get off some shots because bloodstains were found in the Sto Len taxi which the killers used for their escape and abandoned. The attack was witnessed by some 60 persons most of them housewives shop Ping in the Market. It occurred about two hours before the Start of a meeting of the As far As the government is concerned we. Was blown up in nearby Are determined not out of Bighea redness Vitoria saturday and four other policemen but because we know it is in the interests of were wounded two of them seriously. The country to stand firm " police believed both attacks were the in the Middle of the crisis was the Ford work of Eta the guerrilla organization management faced with government fighting for the Independence of the Bas sanctions if they bowed to Union demand que provinces in Northwest Spain. Estimated profits made by Ford for the seven police officers and two army offi first six months of the year have already cers Nave been assassinated in Spain since topped last year s figure of 246 million july 21, the Day the lower House of Spain s pounds $484 million and the company can first democratic parliament in four dec afford the hike demanded by the unions and a a a proved a he draft of the Constitution. But if the company gives in it risks los Baa has claimed responsibility for the ing government contracts if official Sanc Killme of seven of them. Tons Are applied. L 61 62 37 60 65 52 71 54 74 65 39 52 48 75 33 40 40 70 59 61 43 50 60 48 67 57 68 50 47 53 45 51 61 51 30 45 42 43 36 42 72 72 47 62 71 h 74 74 54 70 87 62 78 70 77 87 76 80 60 84 42 63 80 85 71 72 79 71 76 72 82 72 87 73 83 73 69 71 69 76 42 76 72 75 66 76 88 83 74 90 91 Albuquerque Amarillo Anchorage Asheville Atlanta Atlantic City Austin Baltimore Billings Birmingham Bismarck Boise Boston Brownsville Buffalo Burlington it. Casper Charleston . Charleston . Charlotte Cheyenne Chicago Cincinnati Cleveland Columbia Columbus Ohio Dallas it. Worth Dayton Denver Desmoines Detroit Duluth Elpaso Evansville Fairbanks Fargo Flagstaff great Falls Hartford Helena Honolulu Houston Indianapolis Jackson Jacksonville l 44 58 68 58 76 60 58 81 63 51 48 56 77 51 64 46 66 55 74 49 76 50 34 53 41 62 50 40 55 50 74 47 71 73 69 42 55 61 45 47 41 55 70 59 62 h 56 75 100 77 100 75 79 84 65 68 75 68 89 68 72 89 85 74 90 71 100 67 65 76 65 72 84 86 68 73 88 77 77 95 90 70 64 85 77 51 66 81 91 72 78 Juneau Kansas City Las vegas Little Rock los Angeles Louisville Memphis Miami Beach Midland Milwaukee . Paul Nashville new Orleans new Yor Norfolk North Platte Oklahoma Cit Omaha Orlando Philadelphia Phoenix Pittsburgh Portland me. Portland Ore. Providence Raleigh rapid City Reno Richmonds. Louis St.  Salt Lake Cit san Antonio san Diego san Francisco Sault Ste. Marie Seattle Shreveport Sioux Falls Spokane Syracuse Topeka Tucson Washington Wichita