European Stars and Stripes (Newspaper) - November 15, 1985, Darmstadt, Hesse                                Friday november 15, 1985 the stars and stripes Page expert says Japan bound to get Rich Washington Japan could be the world s richest country within five years a Trade analyst predicted wednesday. A country where people work six Days a week save a lot and take few vacations is bound to become Rich said Lawrence Krausch of the Cru Kings institution speaking at a conference on . Irac deficits and their implications for business and labor. Krausch said Japan could become a country of Cou Pon clippers that is Wilh people making High incomes from investments Ana Industry producing largely for the Domestic Market rather than for Export. The world Bank estimates that the average japanese earned $10,120 in 1983, compared with $14,110 for the average american and $16.290 for the average swis. Krause said there could also be what he called a revolution in japanese imports if its government Al lows the Price of Rice to drop to much lower world Levels. He said that would have the effect of lowering the Price of land in Japan since it would become less profitable to grow Rice at Home. Cheaper land would allow housing to be built to a Standard to match the country s health. Krausch said the United states May have to learn to do with fewer japanese products such As Small cars be cause they will Bucom too expensive. Krause said his predictions arc based on a mathematical Model developed by Paul Armington of Wharton Econometrics a major forecasting company. Armington s Model shows the japanese yen rising to a rate at which it would Lake Only 100 to 130 yen to buy a . Dollar almost doubling its present value. .�.pu.i.k. A school bus lies in a i wished tangle on interstate 70 after a crash that killed one Slu Donl and injured 12 others. Kennedy tried to defuse political bomb school bus Driver charged in teen s death Clayton. To. A a school bus Driver who passengers said was racing his bus when it crashed was charged wednesday with involuntary manslaughter and assault in the Accident which killed a student and injured 12 others. Mark Trice 26, had consumed alcoholic beverages be fore the Accident occurred monday afternoon on interstate 70, said Tom do priest warrant officer for the St. Louis county prosecutor s office. Trice remained hospitalized Wilh an Eye injury. Associate circuit judge Susan Block set Trice s Bond at $100.000. The Accident killed Kimberly Lajoyce Bogan. Is and injured the other 12 students aboard. One student Cynthia Alexander 15, was comatose and in critical condition wednesday. The maximum penalty for each charge is seven years in prison do priest said. In addition. Trice was on probation for pleading guilty to a charge of stealing Over $150 in 1983. He could be sentenced to up to seven years in prison on that charge do priest said. Two other students who remained hospitalized were reported in satisfactory condition wednesday. Several students aboard the bus told police that Trice was racing with a Small car alongside. They told officers Trice asked them if he should Cut the car off. Officials said Trice swerved the bus toward the car and lost control. Juk faces reveal cautious approach to rail dispute Boston a Oval office tapes secretly recorded by John f. Kennedy As he faced the threat of a rail strike suggest the limits of presidential to and on activist president forced to cajole persuade and delay. In More than four hours of taped meetings and Tele phone Calls Kennedy continually weighed the political risks posed by the dispute Between the nation s railroads in july 1963 and various rail unions. The tension was a result of the transition from steam engines to diesel locomotives which required fewer workers. When a mediation Board failed to work out an agreement Kennedy stepped in to head off what he called economic warfare after the unions rejected Kennedy s proposal for compulsory arbitration under the direction of supreme court Justice Arthur Goldberg one of the president s first Steps was to Call Al Cio president George Mcany. How much trouble am i going to have with labor if we go for compulsory arbitration Kennedy asked. Well i Don t know Meany replied. It s one of these things. Make sure everybody real pics. You can t have in country  Meany offered to talk to Henry Edward Gilbert the president of the brotherhood of locomotive firemen and engineers or some of his boys. And see if i can come up with  later that Day Kennedy conferred with the democratic leaders of Zongren. Sen. Wayne Morse of Oregon and others warned him against coming to Capitol Hill too quickly Wilh a legislative solution. They urged him to allow a strike which would turn Public opinion against the unions. Then they suggested the president could appear to come to the nation s Rescue and be sure of speedy action in Congress. Instead Kennedy created a special labor management panel giving it two weeks to report Back. Meantime labor promised not to strike and management promised not to impose new work rules or Lay off workers. After considering mediation arbitration legislation and confiscation Kennedy ultimately struck upon a bureaucratic solution. He avoided a strike by referring the matter to the interstate Commerce commission and a final settlement was not reached until Well after Kennedy s assassination on nov. 22,1963. The tapes released wednesday by the Kennedy memo rial Library Are the fourth Batch made Public during the past year. Earlier recordings dealt with the cuban missile crisis civil rights and the Kennedy tax Cut. The latest recordings suggest that despite his vast for Mal Powers Kennedy actually Felt constrained. He was forced to acknowledge for example that the unions simply would not submit to arbitration. The Gold Berg thing is maybe As dramatic an evidence of that As we re going to gel he told advisers. At one Point he warned his staff against inaction. That s Why 1 Don t think we want to let this thing go too Long without our own proposal or they the unions will have their proposal which will have a superficial Appeal to which labor can rally he said. File photo president John f. Kennedy. Tried to head off economic warfare1