European Stars And Stripes (Newspaper) - July 30, 1986, Darmstadt, Hesse Inside stripes q More on final seconds of shuttle challenger. Page 5 d nil s Chicago bears land in London sports Page 21 d today s Dollar buys 2.10 Marks rate Page 27 these Fis tripes authorized unofficial fuilicat1oh of the . Mid poice1 vol. 45, no. 103 wednesday july 30, 1986 in my d 8693 a Volcker won t Rule out possibility of recession m pin Paol Volcker Washington a Federal re serve chairman Paul Volcker hiked tues Day about the possibility thai the country could be headed for a recession said the Waring . Trade deficit put the country Ina difficult and dangerous situation Volcker appearing before the House banking committee Laid that the coun try s huge Trade imbalance with the rest or the world was one of the biggest prob lems facing the United state. The fed chairman said the strains normally associated with the beginning Ofa recession Are not present now but he warned thai the United Stales u living Ina More Complex world with the coun try s economic Fortune tied More than Ever before to the performance of the world Economy. The decline in the Trade balance the longer it persists the More difficult and dangerous situation we an in he said. That is clearly a very vulnerable Point in the Volcker pressed to forecast whether the current slowdown in economic growth could Worsen into a recession said fed policy makers Are not As a group anticipating a recession. The harbingers that Are normally associated with a near term recession Are absent but we live in a More Complex world he said noting that the sluggish growth that has plagued the United slates for the last two Yean has come in Large part from the huge Trade deficit. The Trade imbalance has caused a Vir Tual recession in . Manufacturing industries As Domestic producers have lost sales both at Home and abroad to foreign competitors. The Reagan administration has tried to fight the Trade deficit by pushing the value of the Dollar lower against foreign currencies. A weaker Dollar makes imports More expensive for americans to Purchase and Lowers the Price of .goods on foreign markets. Bui so far this strategy has failed 10 improve he Trade balance. Volcker Saidl hat while the improvements from a lower Dollar should begin to be fell in coming months the decline in the Dollar would not by itself Correct the problem. Dicker s testimony came a week after he presented similar warnings to the sen ale banking committee. In both appear ances he called on America s major Trad ing partners to do More to stimulate growth in their countries. Jenco sends messages to sex captors bar Wendy Bouk Lanstaff Niter Rhein-ma1n and Germany the Rev. Lawrence m. Jenco spent his last moments in Germany tuesday thanking Well Luhers doctors nurses and report in and sending messages to his for Mer captors. The Catholic priest his voice break inf. His speech rambling at times spoke from in front of a c-9 Nightingale Aero medical evacuation plane waiting to Lake him and 12 family members to Rome for visit with Pope John Paul ii. I will not answer any questions Jenco said. I Don l have the stamina or alertness to answer them with the dignity they Jenco arrived in Rome tuesday nigh with a message for the Pope from his former captors. Jenco was released saturday by shill moslem extremists who kept him hos Tage in Lebanon for nearly 19 months. He was flown to the air Force regional medical Center in Wiesbaden sunday bran intensive medical examination. Sute department spokesman Michael austrian said tuesday that Jenco was round to be sound physically and Well enough to travel for the next Tew Dayt. The associated press reported Austri an said Jenco was being debriefed by . Government officials and a doctor travelled with the priest. I think you can take it As a give thai a crime has been committed aus Trian said. The holding of american citizens As a hostage is against the Law. We Are interested in All of the details of his kidnapping and to the Media present my sincere thanks. I and my Brothers in Lebanon know feelings of frustration. The yearned to see the lord and the land of the Liv ing Jenco said. To my captors in Lebanon i read the communique that led to my concern for my health was Well founded he said. He mentioned the remaining Ameri can hostages David Jacobson director of the american University Hospital in Beirut Lebanon associated press correspondent Terry Anderson and Thomas Sutherland acting Dean of agriculture at the american University. Please Lei them know i will Send condolences Louier loved ones Jenco told his former captors. The kidnappers announced in october that a fourth hostage . Diplomat Wil Liam Buckley had been spoke cryptically Al limes to individuals Only he seemed to know. One such person he called said in those final moments of Captivity we talked about common goals fighting the atheistic forces present in the world. We prayed for the people of islam to Woik together for peace in the third after meeting the Pope Jenco is to Fly to London for a thursday morning meet ing with the archbishop of Canterbury. He and his family will then Fly to Washington possibly for a visit wit president Reagan austrian said. Jenco said he will share his con Cerns with the Pope and the archbishop of Canterbury but he would not Lay Whai those concerns were. United press International reported that Jenco would ask the Pope 10 assist inthe negotiations to Fite the remaining hostages to the lebanese and syrian official who assisted in my release deep thanks and to the doctors and nurses present in those first Days of my Healing he said. De hands and bowed slightly to the applause of the Media and a few Well wish ers then turned and walked slowly toward the aircraft. The re. Lawrence Geoco App Tau car bomb at Beirut Market kills at least 25 Beirut Lebanon a a car Laden with explosive and mortar Sheik blew up in a bustling Market i moslem West Beirut tuesday and police said the blast killed at least 25 people and wounded 170. The blast came one Day after a Mercedes Benz Sedan packed with a Quarter ton of int exploded in the City s Christian sector fueling fears of renewed Eye for an Eye attacks Between christians and moslem in Beirut no one has claimed responsibility for this week s attacks. Thirty two people died and 140 were injured in the monday blast. Tuesday s car bomb went off at ii am beneath a Bridge jammed with vegetable carts taxicabs and be dorians in the moslem District of Barbir. The car was parked 20 Yards from a Hospital. Bodies were hurled into the air As the Gray Volks Wagen Golf exploded police and witnesses said. Police said several mortar shells were attached to the explosive charge estimated at 165 pounds which multiplied the Power of the blast. Syrian and lebanese troops As Well As shiite moslem Arnal militiamen cordoned off the blast scene firing sub machine gun volleys into the air to Clear a path for ambulances and fire engines. The explosion devastated 20 shops in the ground floor of a 13-Story business Center. More than 30 cars were wrecked and set ablaze and Glass shards from shattered windows littered the streets in a 200-Yard radius. Moslem controlled hospitals As Well As the sprawling medical Center of the american University of Beirut issued urgent appeals for blood donations to Cope with the influx of casualties. The lebanese army command ordered All crossing Between Christian East Beirut and the moslem West closed following the explosion. The car bombing came As Lebanon s Christian Community mourned the victims of monday s attack which occurred in East Beirut s densely populated residential neighbourhood of Ein Kum Maneh. The main residential and commercial districts of Beirut s Christian sector staged a one Day strike to protest the explosion that wrecked dozens of apart ment buildings in Ein Rumma neb
