European Stars and Stripes (Newspaper) - February 22, 1985, Darmstadt, Hesse                                Inside stripes g Economy rebounded in last Quarter Pale 2 Foj air detente integration till lacking a 5 40 teens involved in drug Case Zzz Page 8 Foj panel will urge rent plus changes  9 d Spring training opening Zzz Page 21 . To test another cruise today Zzz Page 28 vol. 43, no. 309 Friday february 22, 1985 lie oat or own a 08693 a a frightening stunt safely on an airbag after bet fill from window. The stunt wis done for derision Morle bring filmed1 in Toronto. Till picture could have i tragic Story be it but actually the woman s fal we hand. Stunt noun i Slie Munro haded Greenback soars to 13-year High against a Mark Frankfurt up the Dollar notched another 13-year High thursday with an official foreign Exchange fixing of 3.3480 German Marks and economists predicted that it Wilt keep rising in the near future. Conversion rates Page 27. The Frankfurt fixing was the highest Dollar Selling since nov. It 1971. When the Dollar hit 3.3488 Marks according to Bundesbank Central Bank records. The Bundesbank which dealers believe pumped As much As $250 million into the Market tuesday in an attempt to slow the Dollar s ascent stayed on the sidelines Dur ing thursday s rate fixing. Dealers said predictions that the Dollar could now March on to the 3.50-Mark level arc no longer being dismissed and some leading economists agreed that the Dollar in t Likely to Slop soon. Commer Bank chairman Waller Scipp has predicted that the Dollar will stay Strong in coming months because it re Mains a political Safe Haven for investors and because . Interests rates Are attractively High. Bankers and economists however generally agree that the Dollar is now vastly overpriced. Some say it should be trading around 2.50 Marks if fundamental eco nomic factors arc considered rather than the political effect now seen As the major Factor in its Rise. The fear in banking and trading circles is that the Bottom could suddenly drop out of the Dollar if one of he conditions Bol stering it were to change abruptly. If it s not a soft Landing but a crash said one economist for a German Bank that would be very bad for nil of  for  this economist said vast streams of capital that have been sucked into the . Economy during the Dollar s Rise could suddenly reverse Tike a riptide causing worldwide  Helmut Geiger the head of the West German savings Bank association said thursday that another danger of the charging Dollar is that Washington might resort to protectionist measures 10 defend . Industries. So far Germany has benefited from the soaring Dollar through an Export Boom that has already propelled Domestic Slock indices to new records. The inherent Dan Ger of imported inflation has also failed to material a economists say. Although the see Greenback on Page 28 american express comes to Palys defense by Bod hover staff writer write yourself a loan by writing a Check i i easy so easy in fact that Tome service members have gotten into trouble because icy tailed to follow the Fine print instructions for pal. The Amer icon express loan program which was kicked off last full. In Tome cases banking overdrafts Nave retailed. In others account holders arc confused by pal bookkeeping. Financial Counselor say clients have told them that they Don t understand pal. In the mind of some of the people i be seen the program is confusing said financial Counselor Diane Warlock at Wiesbaden s army Community service Center. Military banking officials confirm that there have been customer misunderstand Ings with pal an acronym for Preau theorized line of credit. However they say it s a matter of Edu Cating their clients in the use of pal. Details on How pal works were spelled out in a Mailer that went to our customers but then there is always an adjustment period for any new  said Ray Prynn the manager of credit services for american he press military banking in Frankfurt. Despite questions about the program Prynn Points to the 79,000 account holders who have enrolled in pal in just four months As an indication that expanded credit was needed. As a replacement for the no Bounce program that gave military customers up to $150 overdraft Protection. Pal is a form of revolving credit providing most clients with a minimum credit of $300. Banking officials say pal is patterned after similar services available at Commer Cial Banks in the United Stales. To enrol in pal the client must have a checking or now negotiable order of withdrawal account the latter is a form of checking account thai pays interest. In launching the program american express offered no Bounce clients the same is so overdraft Protection they had on a two month trial after which they could apply for a permanent pal of $300 or More. Under pal. Clients with substantial income or private wealth May be granted maximum credit of s5.000. Pal costs nothing until credit is Given. Then the Cost is is percent a year on see pal on Page 28 Thatcher won t reveal warships weapons Washington up British prime minister Margaret Thatcher setting we Wittge for a possible confrontation with new zealand said thursday she has no mention whatsoever of disclosing whether British ships visiting that Commonwealth country carry nuclear weapons. Thatcher wrapping up a two Day Wash to visit said at a news conference that we we disappointed with new zealand Jame minister David Lange s decision to any port Access to an american warship a Caine the Reagan administration refused any that it carried no nuclear armaments. Utnage is scheduled to visit Britain next week and according to British reports will be told that his anti nuclear policy also will prevent British warships from visiting new zealand  zealand s decision denying port facilities to a is. Warship has triggered a Diplo Matic crisis and led the United states to cancel a number of military exercises with new Zea land under the anus Alliance. Thatcher said British ships must carry whatever is appropriate to their Naiu and i have no intention whatsoever of revealing whether or not nuclear Arma ment is a of their weaponry aboard any particular ship. And therefore i Hope they would not ask whether they Are carrying them or would accept if they ask that we will not  that Lier said. I cannot answer and i will not answer that  Thatcher said. I should be very disappointed if our naval ships cannot visit new  Thatcher also said that during her meet ing wednesday with president Reagan the president acknowledged that any deploy ment of his space based anti ballistic mis Sile system know As Star wars would come Only after negotiation with the soviet Union. She also stressed the enormous Long time it would take for Reagan s $26 billion research program to reach the Point where the system could be deployed. And Thatcher called for More talks be tween the superpowers at different Levels of government. She said such talks would Fos Ter a climate of understanding that would encourage arms control. Thatcher spent her last morning in Washington talking to reporters and meet ing with Reagan Cabinet officials on Man see Thatcher on Page 28