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Publication: European Stars and Stripes Friday, March 20, 1987

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   European Stars And Stripes (Newspaper) - March 20, 1987, Darmstadt, Hesse                                Inside stripes d 3,050 in Navy to be released Early Page 2 d armed forces basketball championships Page 25 d Houie oks Bill to raise Speed limit. Page 28 tripes unofficial Public Tion fad Thida timid pc Iii vol. 45, no. 334 Friday March 20, 1987 08693 a Contra Aid of d by Senate Washington api the Senate voted wednesday to release a $40 Mil lion Aid instalment for Nicaragua con tra rebels but Many senators said future Aid request i May be in serious trouble. The vote was 52 to 48 against a Resolution to Stop the Aid. Thirty eight Republican were joined by 14 democrats in voting against the disapproval Resolution. Forty democrats and eight republicans voted to Cut o t the Aid Senate majority Leader Robert c. Byrd d-w.va., who had forecast the re Deaver indicted Washington a Michael k. Deaver former presidential aide turned High profile lobbyist was accused in a perjury indictment wednesday of lying about whether he used his White House connections to further his business. Deaver the first person Ever indicted under a watergate inspired Law authorizing Independent investigations of top government officials was charged with lying to con Gress and to the Federal grand jury that indicted him. A longtime associate of president Reagan Deaver dealer professed his inno Cence to reporters As the president issued a Public statement wishing him Well. The 18-Page indictment charges the former White House Deputy chief of staff with five counts of perjury when responding to allegations that he used his White House connections to promote his lobby ing business a potential violation of fed eral ethics Laws. Deaver told reporters see Deaver on Page 28 suits moved immediately to bring up a House passed Resolution to freeze the $40 million for six months pending a Complete accounting of How previous Aid Money has been spent. It was not Clear whether that move would succeed. At the White House presidential spokesman Marlin Fitzwater said of the Aid Vole we arc pleased that they voted with us. We think it is a responsible vote in terms of their previous commitment to the Contra and we Hope it is a foun Dation on which to build support for future Contra  however Byrd said this vote is not a Victory for the administration course of action in Central America. Ii is an alarm Bell. It says the american people have grave reservations about the administration s policies,11 the administration has won a Tempo Rary reprieve he said by virtue of a deeply divided Senate.11 Senate Republican Leader Bab Dole of Kansas who also had predicted the rejection of the disapproval Resolution said immediately before the vote that it was Clear the administration had done a dog tired App How Susan Butcher huffs lend dogs Mattle left and Granite after winning the 1.100-mile Idil Irod sled dog race wednesday. Butcher who Wircs in a wilderness Cabin near Manley Alaska won the race for the second year in ran. Beating the course record by nearly 13 hours Story an Page 5. Poor Job in Selling its Contra policy the defeat of attempts to Cut off the s40 million provided a new Opportunity to do everything we can to convince the american people that what we arc doing is right Dole said. I m going to be doing everything in my Power to see thai the while House and All of us together Lake Adan Niji of this Opportunity the gop Leader said. Byrd said he believes it will be difficult for the administration to prevail on votes later this year on Reagan s request see Aid on Page 28 Weinberger pushes hike in go pay by Rick Crum Banji cakmakl1, Turkey defense Secretary Caspar Weinberger thursday assured soldiers at this Remote site that he solidly backs a proposal to increase Mili tary pay by 4 percent in october. We re asking for a 4 percent increase now and another 4 percent increase next year to keep up with the inflation  he told members of the 528lh Field arty group during his three Day visit 10 tur key. Weinberger was in Turkey to discuss diplomatic relations with the turkish government and to visit . Service members As part of his visit to cum Ali Wein Berger ate with the troops toured posts and presented awards. Following the awards ceremony Weinberger talked with soldiers about Pentagon efforts to upgrade living conditions for military personnel overseas and a proposed 4 per cent pay increase expected in october. It s hard to make improvements when Congress says to trim $130 million off the budget we re Irving our Best see pay on Page 28 cafes on the Mark in daily Dollar Trade decline fihe by Charlie Bowden Munich Bureau Munich every morning around 9, a Telephone ritual begins in the cafes Europe comptroller s of fice. Loyd Lee or Jerry Justus men who keep a tally on the Exchange s billion Dollar purse strings will make a decision based on those phone Calls. The Calls relay the morning s standing of the deflated Dollar. We May get a Eali every 15 minutes if we re really at decision Lime and have some doubts in our mind As to what s going to happen Lee said. We have approximately an hour from the Lime we get our first rate and Hen we have to make a decision Justus said. Thai s because they can buy Marks at the previous Day s of change rate until about 10a.m. The decision could be to do Noth ing. Or it could be to buy up to 60 million Marks 10 meet the Exchange service s ballooning expenses As a result of the Downtrodden Dollar. To 1986, the Exchange bought nearly a billion Ger Man Marks Al an average Exchange rate of 115 to inc Dollar Lee said. That Cost us roughly j46s million he said. If we have to buy thai same amount this year which we probably will because our requirements Don t change that much it la Cost us about $555 million Al a rate of 1.80." the Exchange service in Europe has weekly expenses that run around $10 million but the major Bills Gener ally come due once a month. We buy quite a few Marks at a time because that s the Way our requirements fall our payroll concessionaires contractors and our gasoline Bills. We have to anticipate having the Money available 10 meet those  the Dollar s fall has significantly affected the in change s operating costs particularly its payroll font four percent of cafes Europe s work Force is paid in Marks but their salaries make up slightly More than half of the Tola annual payroll. Lee said. In 1986, the Exchange spent about $1.10 million to meet its Mark payroll commitment. To buy those Marks in 1987 will Cost us Abom $2-1 million More than Jasi year just because of the Dollar fluctuation Lee said. So we watch the Rale closely knowing we have to have that Money on hand. We May Purchase it some time in Advance of when we actually need it based upon our expectations of where the Mark s going. The amount of Marks that we buy is so Large that even a i pfennig change can have a significant  cafes Europe retail sales arc a Factor in the Dollar Mark equation. For every 5-Pfenmg drop in the Exchange rate it takes roughly Al million in retail salts to cover inc costs. Lee Saidt Bui retail salts were the Bright spot in the Exchange s 1986 tally Sheet despite higher prices a re Ngn Pur. Chased merchandise. Overall retail sales in Europe were up about 1.1 percent Over 1985, More Ihan of Kim Ninfi the increased operating costs brought on by the Dollar s decline. Lix Suid. Total direct sales Ai the exchanges in Europe vre $ 1.4 billion last year up from s1.2 billion in ivs5. Nel earnings for the ear were $47 million up Morr  see Dollar on Page 3  
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