European Stars And Stripes (Newspaper) - January 23, 1987, Darmstadt, Hesse Inside stripes d targeting Telephone abusers Page 2 q clean water Bill passed by Senate Page 5 g snowstorm buries South Heads North Page 28 vol. 45, no. 278 Friday. January 23, 1987 08693 a Dollar continues world slide Washington Dpi Money dealers world wide showed link Faith in he Dollar thursday despite key interest rate cuts by Germany and Switzerland and pledges of renewed economic cooperation Between Japan and the United Stales. Traders on the Tokyo currency Exchange Market slashed the Dollar s value minutes after japanese finance minister Kiichi Miyazawa and Treasury Secre tary James Baker promised to work together on the plummeting Dollar and inc Trade imbalance. By Day s end in Japan inc Dollar bought 152,40 yen Down 1.20 from wednesday s close. A Greenback now buy about half what in did in september 1985. Con Vert on rates on Page 27. In Germany the Central Bundesbank Cut the Conn try s leading interest rates the discount and the Lom Bard by a half percentage Point each. The cuts to 3 percent in the discount Rait and to 5 percent in the Lombard rate Wil make it less expensive for German Banks to borrow from the nation s Central reserves. Reagan administration officials pressed for inc Dis count rate cuts in Hopes that it would stimulate Trie German Economy and thus increase demand for Amer ican goods. The Bundesbank has been under pressure from Ger Many s exporting industries including machinery and automobile makers to take action because the fall of the Dollar has Cut sharply Imo overseas deliveries. At the Frankfurt Exchange thursday inc Dollar sold for 1.8230 Marks. It bought 14 Marks Jusi is months ago. Switzerland followed Germany thursday in cutting its discount Iitto to 3.5 percent from 4 percent effective Swiss National Bank said the Lom Bard rate at which in lends to commercial Banks also was being Cut to 5 percent from 5,5 percent. The decisions Likely will cause More changes in a Market that already was reacting to wednesday night s Baker Miyazawa meeting in Washington in a statement issued after the talk Baker and Miya Zawa said they still support the agreements made oct. 31 to work together. In that Light it said the two Reaf firmed their willingness to cooperate on Exchange mar see Dollar on Page 28 pedal powered 92-Pound Eagle with Lai Kama Al the controls sets 10-mile closed circuit distance record i ids fab Calif. Pedal Neldne reportedly sets 2 More records Edwards fab Jiff a the experimental pedal plane b0pe lumbered slowly above this desert flight Carer thursday unofficially eclipsing two distance Kords for human powered flight. Pilot a in Tremml 26, took of at 8 25 ., Lac 11-foot propeller with pedals. Iii 9 He broke a 10-mile closed course set wednesday by Lois Mccallin and Al 9 50 ., Tremml surpassed the 22-mile world record set in 1979 by the Gossamer Albatross peddled across the English Channel by Pilot Bryan Allen. The weather was Calm and cold As Eagle flew slowly a few feet Over the dry Lake bed on a triangular course. Mccallin 30, powered the 92-Pound a Etc about 10 Miles Over a similar triangular course during a 37 minute 38-second flight wednesday the flight Otto shed a closed course distance re Cord As Well As in dosed course distance Mark for female pilots and libation record in the female category said Peggie act spokeswoman for the Daedalus human powered jul team from Massachusetts Institute of techno log the Eagle was built to lest Revta. Concepts for see Larwon Page 28 Bonn offers to talk with German s kidnappers Bonn q of to flab by girl thursday they re will ing to talk with the purr rkfflnhibj0mfctgciman businessman whose abduction in Beirut the extradition of an accused Twa Hijacker to the United Stales. Related Story Page 2. Bonn officials also urged germans 10 evacuate from Lebanon following reports of a second German kidnapped in Beirut. A. The hostage crisis continued to Ern mint of Chancellor Helmut Kowt Fust three Days before National elections Khnh ctr an emergency meeting of top officials to map the government s strategy. Bonn officials said that the had received a written in arabic monday from people chiming Rit " weekend Len a _ a Messa a asking for. A alive the officials said. They Are still wailing response. We Are willing to talk 10 Ilien but i Livre t no Point i f he s not Al ivc one official said. The officials said Cordes Kidnap shiite moslem arc ers. Believed to be 6bonn Frankfurt Airport Jan. 13. Hamad iwas carrying explosive at the time of his arrest Hamadi is wanted in the United slates on charges of murder and air piracy for his suspected role in the hijacking a Twa Airliner. The United a Many to pm Radii inc suspect. Before cc7rcetchtthm&kdjqerman officials said i on Page so tomorrow stripes super bowl special
