European Stars And Stripes (Newspaper) - July 16, 1985, Darmstadt, Hesse                                July 1985 the stars and stripes Page 5 a look at the dollars downward trend we Are moving in the right direction7 by Steven Rosenfeld a business writer new York the powerful blamed for ravaging americas manufacturing Industry but hailed for helping tame looks As though it finally May be retreating from a historic five year since reaching previously uncharted Heights in the Dollar has fallen More than 15 percent against major world dropping to Levels last seen in the summer of but analysts say that even if the decline there will be no Quick fix for the damage attributed to the Dollar mainly the unprecedented Trade we Are moving in the right Trade deficits increase of imported foreign goods in percent change 1984 Over 1980 electronics 162 Iron an steel civilian aircraft food Chicago Tribune graphic source department of Commerce but there will not be a speedy change that will bring immediate Relief to those sectors of the Economy hammered in recent said Lawrence an inter National economist at Irving Trust a Large new York whats a falling Dollar raises the risk of re surging the dollars earlier which contributed to the flood of relatively Low priced imports that has Hurt Manu did help reduce the Rise in con Sumer prices from percent in 1979 to 4 percent last Domestic companies had to become More efficient to hold Down prices against the foreign although the dollars recent decline has been it still is trading at historically High the Dollar has been on the skids for More than four but it still is about 65 percent higher than the depressed lev Els of five years according to the fed eral Reserve boards Trade adjusted Mea sure of the Dollar against the currencies of 10 other leading Industrial this fall brings the Dollar out of the ionosphere and into the i dont expect any major impacts said David an International economist at the Washington consulting firm Evans economics Ernst said that if the Dollar Falls fur the Cost of financing huge Federal budget deficits in the United states will that is because foreign investors who buy billions of dollars of Treasury Bonds will demand higher interest rates to offset the increased risk of foreigner change losses when their securities a currency traders said there is Little mystery about the dollars with economic growth sluggish and interest rates factors that reduce returns on Dollar denominated investments and make investments elsewhere More one reason economic growth has slowed is the Trade which reached a record billion last year and represents the amount by which imports exceeded sex the Commerce department has predicted the deficit will increase to Between billion and billion in the conference a business i danced study said the Strong Dollar Trade deficit by country in billions of dollars 1980 1984 100 Chicago Tribune graphic source Morgan guaranty Trust has been the main reason Why 10 percent of the nations largest manufacturing companies Are operating at less than full Ca Kreicher said he does not expect the deterioration of Trade to Stop before 1987 and that it will take even longer to see a lower Dollar will be a mixed the dollars strength has been a sore Point with european who have complained of the High Cost of Oil and other commodities that Are sold for dollars on world since the Price of a barrel of Oil has declined percent in terms of Dol but it has climbed percent in handling of elections at Issue protesters Block Border a protesters critical of Mexico handling of its National elections blocked three Crossings along the Border in Arizona on sunday As officials met in Mexico City to certify voting Border patrol spokesmen at two of the three Douglas Agua and said the protests we rent Caus ing major problems and pedestrians were crossing in a City of about a million across the Border from Al armed soldiers were posted at Var ious including one of the International As election protesters there continued a fou Day hunger Jim supervisory agent with the Border said protesters at the three crossing Points sat in chairs on the mexican Side of the Border to Block traffic an official at the Douglas Agua Prieta Border patrol who declined to give his said sunday the Border has been blocked now for 48 Back to Friday everyone understands what the situation is that vehicles cannot Cross so they Arent trying at the Naco Border patrol spokes Man Dale laugh Borough this is not your everyday Metropolis and we dont really Ever have a heavy the Tele phone at the Border patrol office in Sonoita want answered Nogales and san Luis Are the major Crossings along arizonans Border with spokesmen at Nogales and san Luis said both Are open and there have Connecticut Bill changes drunk driving regulation a a Bill establishing automatic drunk driving convictions for people who fail Field tests administered by police officers was signed into Law by William the effective says those whose blood alcohol Levels Are found to be at least percent would be considered legally a prosecutor would need no other Evi Dence than the test similar to the current practice in speeding cases when radar is been no despite a few the demonstrations were officials the protesters took turns occupying the apparently working in they the protesters were sympathizers with Mexico opposition National action known As which has charged wide spread vote particularly in hotly con tested races in the Border neither nor mexican officials planned to take action unless the protesters became Carlos Defeated pan Candi Date for Agua Prieta said the pro testers wanted to put pressure on the Sonora state which could act to nullify the they want to keep the pressure up and keep the Issue in the Public he spokesmen for the institutional revolutionary which has been in Power in Mexico for 56 have said that the party obtained Clear Triumph throughout they denied there was any the protests began Friday at Agua Prie where both foot and vehicular traffic were initially Twineham pedestrians later were permitted to Cross the West German 122 percent in French percent in japanese yen and percent in British Accord ing to Philip Verleger an Oil analyst in Washington for Charles River a private consulting the european common Market complained last month that the dollars strength was the main reason that inflation was higher in the european Community than in the United analysts Are reluctant to write off the with memories fresh among traders of repeated painful losses in recent years from incorrectly betting on predictions that the Dollar had the is that the Dol while past its could Rise from where it is today before heading Down for Ernst Sands of time in the stars and stripes 40 years ago foday july 1945 faster than any news that Dwight Eisenhower had relaxed the no fraternization policy spread throughout gis were seen talking to pretty German women in towns All Over the 30 years ago foday july 1955 French and moroccan mobs in French clashed in the burned and killed during riots that raged out of control for More than 24 20 years ago foday july 1965 the Jet propulsion Laboratory in said photo graphs of Mars had started coming in sent 134 million Miles across the void of space by Mariner 70 years ago foday july 1975 american astronauts and soviet launched from spaceport half a world were orbiting the Earth and preparing for a rendezvous in