European Stars And Stripes (Newspaper) - July 31, 1986, Darmstadt, Hesse Inside stripes Park is a dutch treat stripes Magazine o new housing in Germany pages 8,9 Dussl wins suit $3 award Page 17 o today s Dollar buys 2.10 Marks Page 23 the stlrs5amghlpes authorized unofficial publication fou thu a. A mfg fqace1 vol. 45, no. 104 thursday. July 31. 1986 in ton m d 8693 a soaring Trade sets half year deficit record by the associated press the nation s huge merchandise Trade deficit was nearly identical in june to that of the previous month with the shortfall showing no signs of improving the Commerce department reported tuesday. Americans imported $14.2 billion More than they exported last month he department said. For the first six months or 1986, the deficit soared to a record half year level of $83.9 billion it said. The report did show for the first time a higher deficit with Western Europe than with Japan partly due to the More than 30 percent drop in the value of the Dollar against the japanese yen Over the last year. On tuesday Federal Reserve chair Man Paul Volcker said the growing Trade deficit has placed the United Stales in a difficult and dangerous situation and could push the Nanon into a recession if left uncork Eclid. Bar association gives Rehnquist its full backing Washington up the american bar association gave ii unqualified endorsement wednesday to Justice William Rehnquist to become the nation si6lh chief Justice As Senate confirmation hearings re the floor of the Senate Senate majority Leader Robert pole r-kan., said arguments by opponents of Rehnquist Are political and won t amount to a Hill of would rather apply a political litmus test to Rehnquist Dole said. Fortunately the president s candidate is so qualified that the argument wont mount to a Hill or Beans. 1 Don t believe anyone an the judiciary committee has a Bunting License. The Justice is Well qualified and i would Hope we could have bipartisan look at his nomination. The comments came As the Senate judiciary com Mittee began its second Day of hearings on president Reagan i nominee to replace retiring chief Justice Warren bar association said that based on an investigation of his record and an interview with Rehnquist and his colleagues on the supreme court Rehnquist is extremely intelligent articulate Friendly and Corn milled to the fair and proper administration of Justice. He has demonstrated outstanding qualities As a Jurist and is approaching the position of chief Justice with enthusiasm determination and dedication. The report concluded that Rehnquist is among the Best available for appointment As chief Justice or the United suites and is entitled to the bar association s highest evaluation of the nominees to the supreme sea Rehnquist on Page 24 delivered the Rev. Lawrence Jenco delivers be Gefrom his moslem kidnappers to Pope John Paul ii in Vatican City. See Story on Page 24. Volcker told the House banking com Mittee that the Trade deficit which reached a record s 148.5 billion in 1985 is one of the main dangers to the 3w-Ycar-old . Economic expansion. Meanwhile the government said that in the past year the pay raises Given to non Union workers outpaced he raises for the nation s 17 million Union Mem Bers. The Bureau of labor statistics said raises Tor Union workers averaged 2.5 see Trade on Page 24 open nations agree to limit Oil production Geneva Switzerland up open has agreed on voluntary production cuts to arrest the slide in Oil prices by sopping up the glut on the world Petroleum Market the Cartel s president said wednesday. Open president i Lanu Lukman the nigerian Oil minister told reporters some of the 13 members had already agreed to curtail their output by a combined 1.6 million barrels a Day. If we get 2 million barrels it will be a Good Start he said Al a news conference at the end of the third Day of bargaining a the conference the Price will Slop sliding Down and Start going Independent experts however said the markets were sceptical of voluntary curtailments and were More Likely to see the move by the organization of Petroleum exporting countries As a signal for still lower prices. The Cost of a barrel of crude Oil has already plunged from s2s last december to around $10 currently be cause open has turned up its taps in a Price War to recapture Market share lost 19 Independent competitors like Britain Norway Mexico and Egypt. Lukman said All but one non open producer had agreed to cooperate with the Cartel s Effort to Shore up sagging prices. Delegation sources said dominant producer saudi Arabia and six other countries had already agreed to cutbacks and Arm twisting among the holdouts would continue on thursday. The open president said the voluntary cuts were just an interim step but declined to say How Long they would remain in effect. Open is currently producing around 20 million barrels a Day. Legislator launches drive to let Reagan run again Washington up calling Ronald Reagan one of the greatest presidents in american history the head of the Republican congressional Campaign committee has launched a drive to allow him to try for a third term. Rep. Guy Vander Jagl r-mich., announced a drive tuesday to repeat the 22nd amendment. Vander Jagt s filing of he legislation began the lengthy process of repealing the amendment. If con Cress approves the measure would have to be ratified by three quarters of the states in a seven year period. I believe. President Ronald Reagan is one of the greatest presidents in american history and that the american people overwhelmingly would return him to office for a third term Vander Jagt said. The 22nd amendment adopted by a Republica Congress in 1947 in reaction to president Franklin a Roosevelt s unprecedented four terms and ratified bythe states in 1951, limits presidents to two four year elected terms. A president who has served less than two years of a unexpired term May be elected to an additional two full terms. In Dallas last wednesday Reagan tantalized a Polit ical crowd by saying flying Over the convention Cen Ter this morning i started asking myself i wonder How folks Down there would feel Aboul giving it one More greeted by cheers he said Well thank you for that but i m kidding of he said later he supports a constitutional change but it should not be made for the current officeholder. Terry Michael spokesman for the democratic National committee said Vander Jagl s drive is nothing but a gimmick for the faltering fund raising of the Republican congressional House speaker Thomas o Neill d-mass., told re porters Vander Jagt s attempt to change the Constitution would not pass this year and he blasted the smallness and meanness of the republicans in 1947 when they originally approved the limitation. Roosevelt died april 12,1945. It is True that republicans with considerable democratic support passed the 22nd amendment Vander Jagt acknowledged to reporters. Frankly the re publicans who worked for the passage of the 22nd amendment made a mistake. I Don t consider myself bound by the mistake they
