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Publication: European Stars and Stripes Friday, April 26, 1985

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   European Stars And Stripes (Newspaper) - April 26, 1985, Darmstadt, Hesse                                Page 28 the stars and stripes april 1885 strange Exchange not at officials say by Bob Hoyer staff writer contrary to the views of some military banking Cus the Mark Exchange rate at banking outlets thursday was the Correct strict application of the Dod contract produced the which was pegged to a noontime fix of Marks to the some customers accustomed to a 2pfennig spread Between the fix and the Exchange rate at military Bank ing facilities thought the rate should have been not say military banking and finance they say the contract Calls for an Exchange or Selling rate that is approximately percent of the Banks acquisition thursdays rate was derived by multiplying the fix by three quarters of 1 percent and subtracting the result from the fix a computation that resulted in a rounding off that figure to the nearest two Decimals produced the while this mathematical formula has been part of the contract for some in actual practice a Quick computation method has been in and it usually resulted in the 2pfennig difference Between the fix and the sell ing rate at military the Selling rate at military banking outlets Friday will remain Marks on the basis of a thursday fix of the contract Hast changed at its just that the Bank now is required by Dod to strictly apply the Exchange said la management analyst for the european come they had used a Quick computation that had resulted in the 2pfennig difference Between the fix and the accommodation Bank Selling Scott general manager of american express military banking in said the decision to apply the contract Exchange formula strictly was made when the Dollar climbed above Marks earlier in the under the the difference Between the fix and the Selling rate widens As the Dollar gains against the at a Exchange the difference Between the fix and the Bank Selling rate becomes 3 under the Quick computation method used until april the difference would be just 2 up to the Exchange the difference will be 2 or 3 depending on the rounding off the Way we were computing the accommodation we were in technical noncompliance with the con Law with the higher the decision was made to seek strict application of the contract by adhering to the we Are merely re emphasizing the there is really no policy although american express began strict application of the formula april thursday was the first Day the Exchange rate fell More than 2 pfennig below the on All previous the Bank Selling rate was the same As it would have been using the Quick computation meth the need to stick to the Exchange formula called for in the military banking contract has been underscored by the defense Usa eur finance services officials Point out that the Money generated by the Sale of foreign currency decreases the taxpayer costs of supporting military Bank Reagan urges americans of support budget cuts Washington a president warning that our future hangs in the implored americans on wednesday to flood the Congress with wires and Telephone Calls registering support for a controversial plan to trim government retirement benefits and kill popu Lar Domestic in a nationally broadcast address from the Oval Reagan said we stand at a the hour is the task is the stakes Are i ask you to join us in making your voices heard in the Senate this week and later in the reagans speech came As the Senate postponed the beginning of debate on the budget package endorsed by the president and Senate Republican party the package would slash nearly billion from expected deficits Over three years the foal is to bring the deficit below billion y 1988 without raising he told americans that the United states faces a serious problem that de mands your immediate with the National debt approaching Reagan the per capita debt amounts to nearly for each Ameri can and is increasing about per per son each the interest on the debt amounts to billion he this is not just my problem this is not just Congress problem this is our problem and we must solve it together As Ameri Reagan please Tell your senators and represent by wire or that our future hangs in the that this is no time for partisanship and that our future is too precious to permit this crucial Effort to be picked piece by by the Spe Cia interest weve got to put the Public interest excerpts of reagans address were re leased in Advance by the White declaring that no part of the budget is spared in the package he Rea Gan said a shared Effort will be asked of our plan establishes Clear National Prio it keeps what should be kept and cuts what should be the time has come to decide what Bene fits we can properly expect from the Federal government for our neighbors and those in need and what government can take from us in taxes without making everyone worse including those who need our fire from Page 1 occur when lifting the r adding electrical grounds to the motor and no missiles will be brought into this nor will they be moved within the United until those modifications Are in Ambrose Ferraro says meeting Pope was exciting7 Vatican City a Pope John Paul ii on thursday received former democratic vice presidential candidate Ger Aldine Ferraro in a Brief private audience which she described As an exciting moment for me As a in a highly unusual the Vatican neither announced the audience in Advance or confirmed it has taken i have nothing to said monsignor Giulio a Vatican when asked by reporters whether the pontiff had received Ferraro and her the daily Vatican which carries the Popes Vatican appointments and texts of papal did not list John Pauls meeting with Ferraro she lasted 10 since the training at Pershing ii Sites in Germany and the United states has been he Woerner and Ambrose said the threat of a nuclear explosion or nuclear contamination did not exist during the Ambrose said detonation of a nuclear warhead requires that several people follow an elaborate set of technical Woerner said that no nuclear warheads were stored in the Vicinity of the the which occurred 11 at Camp red leg near killed Todd of staff John Everett of and Darryl Shirley of 2nd army div Soldier Dies Germany a 2nd army div fwd Soldier was killed and two West germans injured wednesday in a trocar head on a division spokesman the Accident happened at about on Highway i Kilometres East of Karlstedt near he the Soldier died about his name is being withheld until his family has been temperatures april 24 2 couples convicted in abortion clinic bombings up a jury convicted two Young couples wednesday of conspiracy in the 25 bombings of three abortion clinics and found both men guilty of charges that they actually made and set off the the Federal court jury of six women and six men deliberated for 41a hours Over two Days before finding Matthew Goldsby and James both guilty on All seven counts of conspiracy and of making and planting the which seriously damaged two buildings and destroyed a Goldsby Kaye and Simmons were convicted of conspiracy but acquitted on charges of making and using the the defense had tried to show through psychiatric testimony during the trial that All four suffered from mental defects and such an intense Devotion to their fundamentalist religion that they  be held responsible for their attorney Tom Dillard said in his closing arguments tuesday that the Issue was whether the government proved the defendants placed pipe bombs at clinics and blew them to assistant attorney Susan Novotny added that the bombings were a concerted Effort and said according to Federal each conspirator is responsible for the acts of defense attorneys had indicated they would use the insanity during closing they barely touched upon one attorney even asked the jurors not to find her client lawyer Christine Kasun of san Francis co said she never believed Kathy Simmons was Kasun said her client behaved like an obedient wife who takes the Bible All she did was love her husband and not Tell on Kasun her crime and loyalty to her who said the government has overcharged this if the defendants had been in Germany 40 years ago they would have sabotaged death Camps and would be called heroes the parallel to me is very Kasun told the l h 47 54 80 los Angeles 39 75 74 Louisville 32 46 75 Memphis 64 77 83 Miami Beach 51 52 Atlantic 62 Paul 52 58 78 Nashville 36 52 85 new Orleans 61 75 53 new York City 24 49 81 Norfolk 41 53 76 Oklahoma City 59 80 74 Omaha 34 63 87 Orlando 64 82 52 Philadelphia 59 83 78 Pittsburgh 53 60 53 Maine 61 75 53 59 80 Providence 52 80 84 Raleigh 38 61 84 Raleigh 47 73 Des 63 Reno 59 68 71 Louis 27 43 87 Petersburg 28 63 55 Salt Lake City 44 51 78 san Diego 68 85 67 san Francisco 62 81 83 san Juan 55 67 50 Seattle 59 88 73 Syracuse 44 76 Kansas 91 Tucson 59 82 Las vegas 53 76 Little 66 Washington 40 77 Wichita falling fuel tanks crush rental car in bit Burg by Jean Albright Pitburg Bureau chief Pitburg Germany two wingtip fuel tanks fell off a Canadian f 104 and destroyed a rental car during a nato tactical evaluation exercise Here according to a spokesman for Canadian the aircraft was simulating an attack on the base and people nearby were Al ready responding to alarm sirens by taking no one was the 80pound tanks hit a 1984 Ford fiesta parked near a hardened aircraft 30 feet from the 53rd tac fighter the car bad been rented by Joseph Campbell of the whose own vehicle was being the Accident happened during the last few hours of an exercise which was de signed to test the combat capability of the 3oth tac fighter Wing in conjunction with other nato the f104 returned wifely to Canadian forces base where an investigation has european weather forecast for Friday Cloudy with Light rain or Snow throughout the continued Windy in extreme nor Hern High temperatures 3843 lows Sunset Friday Sunrise saturday Outlook for saturday continued Cloudy and slight Chance of Snow showers in the temperatures recorded thursday 4am 4pm cd r m f f p cd f p cd cd f 55 45 57 39 39 38 38 75 43 68 57 43 45 41 cd r 4am 4pm 33 48 43 46 45 27 39 50 92 55 54 59 64 57 of far Pearlly Cloudy a mostly Cloudy a Cloudy Iraln provided by Del 7th weather  
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