European Stars And Stripes (Newspaper) - September 25, 1985, Darmstadt, Hesse Page 2 the stars and stripes wednesday september 25, 1985 Dollar stabilizes amid Good economic news a he associated press new signs emerged tuesday hat the Economy is pick ing up strength with inflation growing at the slowest Rale in almost 20 years and the Dollar stabilizing on world Money markets Afler a historic plunge. The labor department reported tuesday that con Sumer prices Rose 0.2 percent in August and were up 3.3 percent in the first eight months of he year. If that moderate rate is sustained ii would be the lowest inflation Rale since the 3.0 Perchem increase of 1967. Also the Commerce department said orders received by factories for durable goods items such As automobiles and appliances climbed a brisk 3.4 percent in August reversing a 2.3 percent drop the previous month. In an Elfort to revive the depressed businesses of manufacturers who compete in International markets. Presi Dent Reagan is asking Congress to establish a $300 Mil lion fund to help provide Low Cost Loans to exporters. The request was part of a refurbished administration Trade policy which the president detailed on monday. Focuses on opening foreign markets Lovs. Goods rather than protecting Domestic industries battered by imports. The announcement came a Day Afler the Central Bank ers of the United slates Japan. Germany Britain an France announced that they would try to lower the value of the Dollar compared with other currencies. After that announcement the Dollar look ils biggest Tumble in More than 12 years losing 4.29 percent of its value against the currencies of the United states major trading partners. It was the biggest Retreat since the 10 percent devaluation ordered by the Nixon administration in february 1973 and knocked the Dollar to its lowest level since june 8, 1984. But the Dollar levelled off in Early european trading tuesday. And a modest Dollar rally in Tokyo was quashed Only when the Bank of Japan intervened Deal ers said. They reported determined sales totalling $1.7 billion but there was no confirmation from the Bank. Reagan said his new Trade policy is designed to com bal unfair Trade practices abroad and open foreign markets to . Goods. I will not stand by and watch american businesses fail because of unfair trading practices abroad he told lawmakers and business leaders at the White House. I will not stand by and watch american workers lose their jobs because other nations do not play by the but Reagan said he would veto measures that 1 be Lieve will harm economic growth cause ices of jobs and diminish International Trade legislators politely welcomed Reagan s pledge that Hewill fight unfair foreign trading practices but they indicated that they arc unwilling to surrender the initiative in the Trade Battle to the White House. The Reagan administration still has one Eye closed a it faces a mounting crisis in foreign Trade said rep. Dan to Slonkowski d-lll., the chairman of the House ways and Means committee. In other economic news monday a group of economists said the Federal Reserve Board should enforce its Money Supply growth targets although doing so would risk a Small the croup a self styled government watchdog panel that Calls itself the Shadow open Market committee said failure to curb excessive Money growth risks higher inflation and a More severe recession later. Yields on Short term Treasury securities dropped in the lairs auctions. The Treasury department sold $4.5 billion in three month Bills at an average discount rate of 6.81 percent Down from 7. 7 percent last week. Anothy $4.5 billion was sold in six month Bills at an average discount rate of 7.05 percent Down from 7.32 percent steel production Rose 0.8 percent to 1.594 million tons in the week ended sept. 21, the Iron and steel Institute said. That amounted to 62.5 percent of capacity during the week is. 62.1 percent the week before. Cattle being fed for the consumer Market u of sept. 1 in the seven major beef states totalled 6.14 million head Down 9 percent from a year ago and 8 percent from two years ago the agriculture department said. A Emp urges . Poles to renew Faith Cardinal Jozef Glymp holds Magdi Nawrocki 4, to loft. Elections 85 Virginia virginians will vote for governor lieutenant governor attorney general members of the House of delegates and other state and Commonwealth offices nov. 5, according to the fed eral voting assistance office. Members of the armed forces or merchant Marine their spouses and dependents other residents of Virginia temporarily residing outside the United states because of their employ ment and their spouses and dependents May apply by mail for registration and for an Absentee ballot. . Citizens who vote in Virginia under the overseas citizens voting rights act arc not eligible to vote in these elections. Eligible voters May apply for permanent registration by submitting a completed Federal Post card application to the general registrar in the county or City of voting residence not later than 30 Days before the election. When used by a permanently registered voter As an Absentee ballot request Only the application must reach the general registrar not later than five Days before the election. Ballots must be received by the election officials in the county or City of residence not later than the dose of polls on nov. 5. The registration and ballot request and the Absentee ballot return envelope must be signed before a witness. Hamtramck Mich. A Cardinal Jozef Glemp winding up an eight Day is. Tour told schoolchildren and their parents in this heavily polish enclave that they should renew their Faith and love for Jesus Christ Glemp the Leader of 34 million roman catholics in Poland was scheduled to return Home tuesday after spending three Days in the Detroit area. On monday schoolchildren and adults packed into ornate St. Florian Catholic Church As Glemp Leader of the Catholic Church in Poland urged them to renew their religious Faith. Speaking through an interpreter Glemp explained the significance of the sign of the Cross in which a Blessing is sought from the father from Jesus Christ and from the holy spirit. The sign of the Cross allows catholics to embrace the Grace god is bringing to us the Cardinal said. It was different from hearing our regular priests said Jonathan Borkowski 12. I thought it was great. No one explained the sign of the Cross to us like that dressed in a Bright red cassock Glemp was greeted with Powers offered by children dressed in traditional colourful pol ish outfits. He addressed them from the pulpit of the 76-year-old Church Glemp s visit gave reassurance to Hamtramck poles that the roman Catholic Church continues supporting political and religious Freedom in troubled Poland said Craig Hughes 12. He was telling All the people that came Here from Poland that he s still fighting for Celia Szczepanski waited More than two hours on her Choice curb spot in the Community s Pope John Paul ii Park for the arrival of Glemp s procession. At the Park Glemp addressed about 500 Hamtramck residents in polish. He was telling us. He likes Hamtramck More than de troit Szczepanski laughed. But he also wants to give us a Little better Faith and Tell us there s help from the Church both in Poland and Idaho All 198 incorporated cities in Idaho will hold municipal elections on nov. 5. Members of the armed forces or merchant Marine and their spouses and dependents and other Idaho residents temporarily residing outside the ., including those voting under the overseas citizens voting rights act May Register and request a ballot by submitting a Federal Post card application to the county clerk in the county of voting residence. The deadline for submitting the Spca is 11 Days before the election for those who Are already registered the Spca should be submitted not later than the Day before the election. However deliver oust not a " " to ensure Absentee ballots will be mailed to voters about 45 Dav before the elections. The Absentee ballot must be received by election officials bv8 . On election Day. Military voting assistance officers and Counselor at any us embassy or consulate have further information. Information is also available from the director. Federal voting assistance of the Secretary of defense the Pentagon room lll457 Washington . 20301. Voters May also Call Auto on 224-49z8/ 4960 or commercial 202 694-4928/4960. News update wild cattle shot Anchorage Alaska up an Effort to round up Cate grown wild after nearly a Century of roam ing on a Remote alaskan Island failed and most of the animals were shot Federal officials say. About 100 of the Long horned beasts described As too Tough to domesticate and a threat to other wild life were shot on Simeonof Island by a is. Fish and wildlife service employee officials said. Planes Marker found Seattle up explorer searching for eight planes left buried deep in the ice of Greenland during a storm have found a Marker identify ing the location of the missing world the expedition is racing against deadline at the end of the week to reach one of the eight planes abandoned during the War or of the it covery rights revert to the govern ment of Denmark which Greenland. . Soldier found dead in Wuerzburg apartment Wuerzburg. Germany a Tif medical come Soldier was confound dead in a. Uluao Najr unit jul. _ Man for the army Hospital in Wuerzburg said. When the Soldier failed to report for work for the second Day her unit com Mander notified the military police the spokesman said. The maps contacted German police who went to the Soldier s apartment and found her body. She was pronounced dead at the scene by medical authorities. The name of the Soldier u being withheld until her family is notified. The incident is being investigated by Mil itary authorities. Correction a Story in yesterday s Stan and Stripe contained two incorrect Mark to Dollar con versions. The figure 6.80 Marks converts to T " 2 86 the stars and stripes incorrectly reported Esterd y at the american express time rows. Mars and stripes regrets the or
