European Stars And Stripes (Newspaper) - February 2, 1987, Darmstadt, Hesse                                Paga 10 column the stars and stripes monday. February 2,1967 James Kilpatrick sailors of 6th Fleet provide sobering reminder in the Mediterranean Lite half a dozen schoolboys sent to the principal s office the Sailor sat apprehensively in the Library of the aircraft earner Kennedy. They had been volunteered so to speak to be interviewed by Al visiting Newspaperman. They would rather be Chipping paint. These particular sailors were fairly representative of the Unsung servicemen who maintain the Power of a . Mili tary presence around the Globe. In the nature or things admirals and ship com Manders get the most attention. They deserve in but something ought to be said for those in the Navy who Only stand and wait. In Point of fact they rarely stand an wait. Service at sea ii utterly different from a 9-to-j Job ashore. Sailors lend to forget the Day of the week for the Days run seamlessly into one another. There is always something to be done or some watch to be served and even in the off duty hours there is no place logo. A 12 hour Day is Standard a 16-hour Day is Nai exceptional and during Fleet exercises the ship s Belt can i nails imperative command at any time. The food is Good but the pay is terrible. Ben Holtzman comes from Mia Leonard silk Lisburg Ohio. That s near Dayton he explains. He s a Navy Cook with the rank ofe-5. He began helping out in the family Kitchen at the age of 10. He liked cooking and now he s mixing 85 Gallons of soup at a time. He s no longer awed by the thought of frying 1,200 pounds of Chicken for lunch. Oncay Wilson of Deli tul is an e-3 in the Carrier s disbursing office. How come he joined the Navy Sny smile. I guest 1 wanted to see the  he likes the Navy so much he expects Loiry for an officer s career. Marshall Smith of Alexandria ind., is a Lance Corporal in the marines who came to the Kennedy last August. Jerry Erickson of Louisville by a boiler Engineer dropped out of High school to join the Navy in 1978. I was just tired of going to  James Gardner of Stillwater Minn works in the Hanger deck helping to keep the Carrier s planes ready logo William Sueppel of fort Myers fla.,had just spent 17 hours in flight operations before grabbing a moment to sleep he looked tired. He was tired. A Battle Force depends for firepower on its ships of the line. The Kennedy s group includes three guided missile cruisers Belknap Bainbridge and Yar Nell three destroyers Rodgers Dahl Gren and Mossbrugger and our frigates Bradley Nicholas. Mccand fuss and Montgomery. Cruising along behind them though they Seldom surface Arete submarines Baton Rouge John mar shall shark and Philadelphia. The Public is generally unaware of such auxiliary and indispensable ships Ashe Saipan and he Savannah. The Saipan is designated an amphibious assault ship and its contingent of marines trains regularly for such assignments. At sea its primary function is to serve As a Hospital ship incredibly it maintains a Hospital of 350 Beds More than will be found in a typical Community Hospital. The Savannah is a great lumbering replenishment vessel whose main Job is to Supply fuel and everything else to the Fleet. The visitor who walks through the vast Bays of the Savannah notes cubic Yard Container of Cherry pie filler creamed com toilet paper sauerkraut cake mix and always always ammunition. The Savannah has had one payoff since last August during a week with the 6th Fleet i asked repeatedly Bolh on and Oft the record about Navy morale. It seems rarely to have been higher. The Navy now draws most of its recruits from the top 10 percent of High school seniors who do not intend to go to College. Some sign up for adventure More commonly they sign tip to learn skills that will Lead to Good jobs in civilian life. The rate of re enlistment is so High thai the Navy can be choosy. The Man found guilty of using drugs gets shipped out Al once. Racial tensions once severe have All but disappeared. One afternoon last week an unprecedented message came to the frigate Nich Olas. It had just suffered a hypothetical hit below the Waleri Ine. Forty crewmen bad been injured they would have lobe transferred at once to the Saipan. In High Good humor the semen accepted their simulated wounds. They were lugged on stretchers up the Steep and narrow lad Ders of a warship. It was a grueling Drill but a necessary one. After 90 minutes the exercise was called off but in had provided a sobering reminder the Way to preserve inc peace is constantly to pre pare for War. Signs pointing to 1929-style financial collapse excitement in the Stock Market and the foreign Exchange Market is reaching a fever pitch professional Money managers Are getting worried As the Stock mar Ket seems to soar further and further away from the reality of a sluggish Economy. Bul the pressure for performance keeps institutional investors buying stocks anyway. And some stockbrokers have begun to warn their customers to Lay Back foreigners loaded with dollars Are both helping Lodrige the Dollar Down and the Slock Market up. Ironi Cally enough the foreigners won t buy american goods bul Are passionately eager to acquire american financial assets. And the fall of the Dollar makes Amer ican stocks cheaper in terms of yen or Deutsche Marks and seemingly More attractive than their own stocks. The Little Guys Long conspicuous by their absence arc thronging into the Slock Market again. The beginning of the end m 1929, according la legend came when Boot lacks began to buy stocks on hoi lips from their customer. The Boot lacks have now been replaced by yuppies whom an investment adviser Kenneth Simon Calls the Best the brightest and he  anther reminder of the past is the exposure of financial speculations of which the most conspicuous has been the insider trading of Ivan f. Brocsky Al though there Are plenty of other cases on Bolh sides of the Atlantic. But the surest sign of a looming financial crisis u the jumping on air planes by financial officials flying off to International conferences where they Wil be photo Zawa decided 10 Fly to the United states to Confer with Treasury Secretary James a. Baker 111, Miyazawa wants to keep the Dollar from falling further against the yen. Baiter May or May not care. Before he left Tokyo. Miyo Awa Lold a cab inet meeting thai Japan would intervene forcefully to Check any speculative downward pressures on he Dol Lar. Bus he said an emergency ministerial meeting of the group of five which is made up of the United states Japan West Germany France and Britain would be inappropriate at this time. Them is almost never a right time politically for meetings to work out International economic cooperation Bui the meetings come when the situation grows desperate. The japanese government is now getting desperate about the soaring value of the yen. It is a threat not Only Toile japanese Trade surplus but to fundamental japanese economic policy. Robert j. Myers president of the Carne Gie Council on ethics and International affairs finds an Early expression defining thai policy in a slogan of the Holoku movement of the late i St and Early 19th centuries work much earn much and spend Little. Gather plenty of fuel and bum As Little As possible. This is the secret of making a country  feeling itself the victim of Japan s deep rooted mercantilism and running out of patience the unite states has apparently decided to i Japan hard. It wants japanese markets opened wider and truly. And unless the japanese Are willing id redirect their policy toward greater Domestic growth the United states is More than willing to Sec the Dollar fall against the yen thereby striking at the Hue bilateral japanese Trade surplus which was ssi billion vis a vis the United slates in 1986. In total the japanese Trade surplus Las year doubled lots2.7 billion. Last oct. 31, Miyazawa sought to stabilize he yen against the Dollar by making a Deal with Baker As part of the Deal Japan agreed 10 Spur its Economy through a More stimulative budget. Bul on Christmas eve 1986, the japanese government submitted the least stimulative budget in decades. The United Stales decided it had been had. While Treasury and White House spokesmen insist the United states did not deliberately push the Dollar Down against the yen in recent weeks the Ulm cd states has done nothing to counteract downward Market pressures. Those pressures sent nol just from japanese or German policies bul also from the perceived weakness of the american Trade and budgetary  markets Stock markets monetary fiscal and Trade events Are now running so fail and so dangerously that despite denials the chances of an Earl group of five meeting Are rising. The germans like the japanese Are alarmed Over the soaring value of their currency which can inflict serious damage on their exports. Last year he German Trade surplus reached 156 billion. Together the German and Japa Nese Trade surpluses totalled 1139 billion while the american Trade deficit reached si75 billion. All these events Are linked the weakness of the Dol Lar exacerbated by the american budget deficit threatens the Rise of the Slock and Bond markets a failure of foreigners to continue to finance the Ameri can Trade and budget deficits could Send the Dollar into a free fall driving interest Rales up and the Secu Rilie markets Down. An International conference for dealing Wilh this complicated and dangerous set of problems it growing urgent