European Stars And Stripes (Newspaper) - March 21, 1985, Darmstadt, Hesse                                Inside stripes Munich other fest see stripes Magazine n skiers enjoying latest 3 n belgian parliament oks 48 8 d program checks out bad 9 q Carnesecca named ups top 17 will 24 authorized unofficial publication for the armed forces 336 March 1985 any d 8693 a William presents a make my Day shirt to president Reagan before the Senate vote on the a photo Senate backs my in second vote Washington a the Senate endorsed the my missile for the second Day in a Row but a narrow Antimo vote by a House committee signalled an other emotional Battle next week Over future financing for the intercontinental the House appropriations committee voted 2826 to recommend against spending another billion for 21 mrs and democratic speaker Thomas Oneill predicted there would be an extremely close vote on the House floor next its a hard said its a vote of con we still think we have an excellent Chance of the Senate voted 5545 for approval of an appropriations measure for the the same margin As in tuesdays my under an agreement established last two votes Are required in both houses of one on authorization Bill and the second on an or the two House votes Are scheduled for tuesday and thursday of next the House armed services As voted 378 to support continued my the panel led by representative Les has consistently recommended the and its members represent a pro defense voice in the democratic president Reagan applauded the senates tuesday vote As a message of american resolve to the he said the my will strengthen our National Security and our negotiating position at an argument he repeatedly hammered Home to wavering just minutes after receiving word of the initial Reagan said in a i am pleased that the Senate today voted to support the my peacekeeper missile and to Send a message of american resolve to the while the vote signalled Congress willingness to Back negotiators at the arms reduction talks in Reagan deterrence alone is not deterrence and arms reductions go hand in and our negotiators Are working hard to achieve agreements leading to deep reductions in nuclear it is critically important that the second Senate vote and next weeks votes in the House reaffirm this Demon stration of americas determination to achieve deterrence and significant nuclear arms he Reagan lobbied for the my at an annual Republican policy committee luncheon where he said the my votes will Bear directly on the outcome of the arms talks in Geneva on the prospects for peace throughout the Dollar tumbles again London a the on a sudden plunge after four months of High see sawed against european Curren cies wednesday in what one dealer called a nervous the Price of Gold soared to Dol Lars an ounce in Zurich and then Plum meted Back to dollars at the but it was still higher than tuesdays closing Price of sales of Marks to personnel will be at the rate of thursday based on midday for other conver Sion see Page the Dollar was still Well within the record ranges that have characterized it for the past dealers were reluctant to forecast whether this weeks slide heralded the Long anticipated Turna round of the they Felt the Dollar had been overvalued last month and that a fall was inv but they also saw the Ohio Bank ing crisis and the latest downbeat economic statistics As symptoms of deeper the Dollar posted its biggest on Day fall in 14 years on tuesday and continued the slide there were wide fluctuations the Dollar falling below Marks before rallying to the Pound climbed to its highest level this but Sterling fell Back in late when it Cost dollars to buy one the fall was attributed to apparent chinks in the such As the run on Ohio savings and Loans ins Titu and publication of figures showing the National deficit has made the United states a debtor nation for the first time in More than 70 High interest rates have made the Dollar an attractive president reagans reelection strengthened it but the Economy rests on a Defi Cit which european economists have Long warned is a balloon which must eventually they argue that the Reagan administration cannot go on borrowing indefinitely to Cut taxes and increase the de sense dealers said the Ohio crisis had dramatized the it appears the Gravity of the crisis has been played Down from the begin said a Frankfurt if the dealers dont Trust their How can we a London dealer said the Dollar had been and the Ohio crisis brought it into people Are thinking this is probably the tip of an he in trading described by Irving Trust Exchange dealer Stephen Crooke As i Sterling looked especially buoyed by tuesdays unveiling of a 198586 budget designed to reassure the the pounds strengthening enabled Banks to shave half a percentage Point off British interest the dealers said the Dollar got a boost late in the european Day wednes Day when Federal Reserve chair Man Paul Volcker said his Agency was willing to lend Money to the closed Ohio Thrift Gold opened in London at a bid Price of dollars an up More than 22 dollars from late tuesdays dollars and More than 39 dollars above mondays but by it had retreated to 330 the Metal closed at Bullion dealers attributed golds Sud Den attraction to the escalation of the Ira Iraq War with its inherent threat to Oil followed by the dollars Gold is a traditional Haven in times of International