European Stars And Stripes (Newspaper) - January 28, 1981, Darmstadt, Hesse                                Page 2 the stars and stripes january 1981 weakening franc causes concern Swiss watch dollars Rise Zurich up with the Dollar at its highest level against the Swiss franc for nearly three Swiss Bankers were divided tuesday on the Impact of president reagans economic policy but agreed on one thing the Greenback is on the Way Given prevailing interest rate differentials and the underlying stability of the 1 can see no major reason to expect a weakening of the currency in the near a foreign Exchange dealer at one of Switzerland big three Banks the dollars strength at Swiss francs tuesday for the first time since february 1978 prompted Market speculation that it could be headed for the two franc although some analysts believe reagans economic policies could stabilize interest hikes in the prime lending taking it to an unprecedented and a discount rate of 13 percent were mainly see conversion Page responsible for the greenbacks recent up swing against most major world Curren the Swiss Bank the seriousness of with consumer prices rising in the last Quarter of and the continuing High demand for particularly from the Public will keep the Dollar High and it is possible we could see it at two one Zurich banker the banker agreed that reagans poli cies could take the pressure off interest rates but he warned that achieving eco nomic change was a lengthy Reagan wants to increase defense spending and Cut income which will give him some budget problems but these moves take time and i cant see them being in full Force for at least a he another banker maintained that if Reagan implemented a Good inflation fighting program and reduced a employ subsequent improvement in the economic climate would give the Dol Lar a further boost possibly to two a level it has not seen since de Cember the Swiss National which 18 months ago was intervening heavily on foreign Exchange markets to keep the Dol Lar Down at around the seems Unwor ried by the rallying with an inflation differential of Al most 10 it is inevitable the Dollar will remain fundamentally Strong even if it drops Back to a National Bank spokesman the National however does admit to concern Over the slight weakness of the Swiss franc but remains committed to its lon term policy of controlling inflation by keeping a tight rein on the Money but the greenbacks new strength made itself Felt in a More tangible Way tuesday with Oil companies saying gasoline prices will go up Here the equivalent of cents per gallon to offset higher Oil import costs paid for in Madrid conference reconvenes accuses russians of new rights violations Madrid up the United giving an indication of the Reagan administrations East West tuesday accused the soviet Union of new human rights the Netherlands and Belgium lined up behind the United but the soviet Union attempted to shift the focus of the 35nation european Security Confer reconvening after a five week to a Call for Western delegates reported that chief so Viet Delegate Leonid at a closed door condemned three Western proposals on human human contacts and Freedom of Ilyichev concentrated they on the lofty objective of disarmament As Laid out in a polish proposal for a european disarmament conference later this if we do not have this Ilyichev that would affect to a great extent the process on detente begun at the first Security conference in Helsinki in the Security conference recessed 19 after a six week review of implementation of the Helsinki accords on the renunciation of Force in International the Sec Ond phase of the targeted to end March will focus on new proposals for East West delegation Leader Max closing tuesdays plenary stressed the continuity of american policy and accused Moscow of deliberately defying the Helsinki he expressed concern Over the health of detente and cited in example the soviet in Vasion of soviet armament expenditure the largest military buildup the world has Ever seen and troop movements around we must he that the word detente does not exist today As an accurate description of East West it remains an objective to be yet to be citing individual cases of arrest and sentencing in the soviet Union since the con Ference Kampleman charged it would appear that a conscious decision has been taken by the authorities of the soviet Union to violate the Helsinki final act and to defy those of us who urge compliance with it As the Only realistic basis for International stability and insisting on reagans commitment to the preservation and enhancement of human Kampleman these acts of repression will not the voices from the prisons Are British chief Delegate John Wilberforce echoed saying the pattern of soviet behaviour which preoccupied us in november is just the if not 100 trip to Miami is available Frankfurt the Davis Agency announced tuesday that it has re served 30 seats at each on a flight this saturday from Here to the tickets will be sold Only to military personnel and their dependents at Frankfurt International Airport on the Day of Depar a Davis spokesman according to the seats Are not in sold regular Davis but were bought at a special Price this week from a charter the direct flight aboard a Boeing 707 aircraft will depart Frankfurt at and is expected to arrive in Miami at passengers wishing to take advantage of the special offer should Check in at 7 saturday at the Davis counter at Booth Between departure Halls b and passengers taking advantage of this offer will have the Opportunity to buy a return seat on a 28 flight from Miami at the also to be purchased on saturday at the Davis Airport boy caught in wild Chase Italy up a 10year old boy stole an Alfa Romeo and led police on a wild superhighway Chase at speeds up to 110 Mph before being stopped and a officers temperatures City a Oines City vegas Rock Angeles Beach Orleans City Louis Petersburg Lake City Diego Francisco news update revenge gang probed filipinos demonstrate san Francisco a a previously unknown revenge group that claimed responsibility for the bombing of an iranian Bank Here has threatened to set More bombs and assassinate sup porters of the Ayatollah Ruhollah Kho Fri agents Telephone callers who claimed responsibility for the bombing Early Mon Day of the Bank Melli Iran said they were part of the american revenge committee formed to take revenge against Iran for the treatment of the former no one was injured in the the american revenge committees Calls to a a radio station and a television station were perhaps closer to the truth than an earlier Call to the associated press saying the jewish de sense league was an Fri spokesman he said both claims were under the callers said the group would place More bombs at the Bank and would bomb other iranian owned businesses in the the spokesman Philippines a Stu Dent demonstrators tuesday chanted slogans comparing president Ferdinand Marcos with Adolf Hitler and announced plans to hold a protest Anarch during the visit of Pope John Paul ii to the Philippines next the numbering about massed on the Campus of the University of the Philippines and denounced the recent lifting of martial Law in the coun try As a deceptive scheme of imperialism to keep Marcos in Marcos formally ended eight years of martial Law but retained vast emergency student speakers announced they planned to hold More including a March to an open air mass the Pope will celebrate near the univer sity Campus during his visit overdose killed Singer los Angeles up folksong Erson writer Tim Hardin died of an accidental heroin the coroners office Best known for his romantic if i Werea was found dead in his Hollywood apartment he was Hardin reportedly suffered from a drug and alcohol habit for More than a Hardin released 11 but he remained largely unknown while his songs were recorded by stars and be came familiar to his most successful if i were a became an International hit for Bobby Darin in 1966 and for the four tops in the song later provided a Gold record single in the late 1960s for Johnny Cash and his wife june italian doctors protest Rome a air traffic returned to Normal in Italy As italian pilots ended a seven Day but italians were left without free medical care because of a Job action by doctors of the state run health assistance protesting a break in negotiations for higher income and other Doc tors insisted on seeing Only those patients who pay for an office or Hospital visit and for a Home Hospital sources said Many patients Are reluctant to pay because they were not sure if they could get reimburse ments from their insurance most italians Are eligible for free medical care and Medicine through a National health fund to which workers and their employers a spokesman for the doctors said they will continue the Job action until the government accepts their demands flood victim search on Cape South Africa up bulldozers shoved their Way into the mountains of mud in flood ravaged Laingsburg tuesday in a search for buried victims in South Africa worst Natu ral As workers shovelled their Way into the demolished farming helicopters whipped downstream in a fading Hope of finding survivors among the More than 190 people still missing after the Flash flood Early monday swamped the military frogman joined the Hunt around the subsiding Buffalo r unofficial reports said at least 58 peo including 21 from an old age died in the torrents of some predicted the final toll would be More than prime minister Botha called the flood South Africa worst disaster Ever and ordered a major Relief