European Stars And Stripes (Newspaper) - October 31, 1987, Darmstadt, Hesse                                Page 4 the stars and stripes saturday october 31,1987 economists want bigger drop in Dollar Washington him in the first congressional hearing on Lasi a Cvrk s mock Market nosedive tour leading economics advised telling the Dollar slide even further against foreign currencies bul disagreed about economic cooperation. John Kenneth Galbraith. Alan Sinai. Herbert slain and Martin Fel Sicin ill concluded thai feat of higher interest Rales helped produce the 508-Point plunge in inc Dow Jones Industrial average oct. 19. The Federal Reserve Board since has taken the right course by dramatically increasing the nation s Money Supply. Icy told the House banking committee thursday. But the fed should not now return to tight ening credit and propping up interest rates to keep inc Dollar from falling they warned. Fridstein a former chairman of the president Council of economic advisers was the most strident in discussing the Dollar saying it should fall in value by 30 percent in the not five years. Wing test failure spurs of to Issue f-16 restrictions Dayton Ohio a the air Force Friday is sued flight restrictions on some versions of its r-16 fighter after one of the plan pcs failed a Wing stress test. The restriction will be on training flights for the f i6c and f-16d models of the fighter that is built by general dynamics Carp. Fort Worth division i Texas said Mike Wallace a spokesman for inc air Force aeronautical systems div. The division located at Wright Patterson fab near Dayton manages the f-16 program. General dynamics has delivered More than 500 of the f-i6c and d models to the . Military and its allies. Wallace did not know if the air Force would recommend to allies that icy also restrict the plane operation. No Wing failures or related problems have been experienced in any of those aircraft Wallace said. The restriction prohibits pilots from executing a Nevers that would place loads greater than eight limes inc. Force of Gravity or 6 is on the wings Wallace said. The Static loads test the Wing failed is designed to stress inc wings at 1 so percent of the maximum 9-g loads expected during flight Wallace said. The Wing tailed As it was approaching the maximum 13.5-g Load under that lest he said. This Type of lest is the Standard Means used by the air Force to ensure a structural safety margin of 50 percent Wallace said. It s like if your fender is de signed to withstand a crash at 10 Man so you lest it at 15  the 8-g restriction will restore the safety margin he said. Wallace said the restriction is temporary until engineers can Analyse what went wrong and make de sign changes. However he did not know How Long that might take. Wallace also did not know whal effect the restrictions might have on non training operations of the Fighier. The restriction would not Aftel earlier models the f-16a and ils Trainer version the f-16b, he said. General dynamics had recommended the restriction thursday and company spokesman Joe Thornton acknowledged inc lest failure comes at a sensitive time for the giant defense firm. On monday in a congressional hearing sen. Wil Liam Proxmire. D-wjs., criticized general dynamics fur allowing alleged defects in the f-16 to go uncorrected. A pending lawsuit blames wire chafing for Caus ing instruments to malfunction which led 10 a fatal crush in 19h1 the Orcsi Ricton could affect As Many As 401 air Force Al 6cs and their two seat Trainer version the f i i the Navy owns nine. Israel purchased 42 of the c and d models Egypt. 40 South Korea. 19 and Turkey four. Thornton said. Omraam successfully tested Washington a the air Force Friday said it successfully tested its new Omraam Aerial dog fighting missile against a target drone that tried to Jam ifu1 missile s radar guidance unit. The service said an Omraam was fired last week from an f-1s Jet fighter at inc Gulf test Range at Eglin fab Fla. Lie went on to say the United states should Slop trying to coordinate ils economic policies with Ger Many Japan and other Industry i i cd nations the Cornerstone of Treasury Secretary j times Baker s efforts to Cut the massive Trade deficit ind to promote global economic growth. In reality . Economic performance is Little affected by economic growth or inflation in Japan Ger Many and elsewhere fold slain asserted. From another Vantage Point Sinai chief economist of Scarson Lehman bros., argued that International cooperation is a critical element in reducing the nation s twin Trade and budget deficits. Sinai called Tor budget reduction of $50 billion this year instead of the current 123 trillion target and drop in the Dollar s value that would be offset by Loos ening of fed monetary policy which would help re Duce the Cost of financing the National debt by lower ing interest rates. However his plan would require Germany and Japan to stimulate their economics to absorb the extra . Imports permitted by the Euwer Dollar. Gnu Braith a Harvard University professor renown for his Esloc Sivc writings blamed president Reagan s economic pop icis for last week s Stock decline. He advocated raising income taxes for Rich people and letting the Dollar drop. The primary need at the moment is to escape from 3 regime of High interest  Galbraith said to encourage investment and to Case consumer debt and carrying charges on the National debt. Stein a senior fellow at the american Enterprise Institute in Washington agreed with the View that the Dollar should be allowed to fall sharply. Only in that Way can we get rid of the expectation of a decline in the Dollar an expectation that holds up interest rates Here and depresses inc Economy Suciu told the committee. Jessica Mcclure and tier parents Chip and Reba Friday stare nut a Hospital room window at Parade in Midland Texas honouring the 19-Munlh-old girl s res Chen. Town packs Winfrey to show As Jessica undergoes surgery Midland Texas a townsfolk celebrating Jessica Mcclure s Rescue from an abandoned Well packed a taping of the the Oprah Winfrey show Friday As the toddler underwent More surgery on her injured right foot. Hundreds of people crowded into the Midland Cen Ter for the show featuring Jessica s parents. Chip and Reba Cissy Mcclure and volunteers who rescued the 19-month-old girl two weeks ago from a narrow Well Shaft. Up to 40,000 people Many wearing Pink ribbons or carrying Pink balloons cheered a Parade thursday in which about 800 people marched. Pink ribbons and bows were tied to Trees and Light poles in Honor of the Little girl whose Rescue tickled the town Pink and the hispanic chamber of Commerce served a 96-Squarc foot Pink Angel food cake. On inc television show mrs. My Ciurca said she s become a Little More protective of her daughter and would be More reluctant to let Jessica out of her sight. I d put a rope around inc Little girl Winfrey said As the audience of about 1,200 laughed. Jessica still experiences some co Vional trauma from the ordeal mrs. Mcclure said. The toddler has bad dreams and sometimes cries no in her sleep she said. We re afraid Shell have wine problems with in Hui she s reacting to it belter Ihan we thought she  sheillo. Whik1 her Arcnia appeared on television Jessica was undergoing surgery1 As doctors scraped dead tissue from her right fool which was wedged alongside her head while she was trapped in the Well. After the surgery ended Winfrey talked to doctor through a television Hookup with the Hospital. We re encouraged ill what us Iju. We Ihrol. She will he ready for graft procedures by the Middle of next week said Ortho Peist Charles younger. Younger said thursday it is certain Jessica will lose part of her Heel her Small toe and a portion of her big toe because circulation to her fool was Cut off when she was trapped in the Well. She has no feeling at All in inc foot from about in ankle Down he said. Shell have a fool bul How Good a foot we just Don t  thousands of callers had phoned thursday for tick Els to Friday s Oprah Winfrey show at the Midland Center auditorium southwestern Belt officials said. Four Hundred of the auditorium s 1,200 seals were reserved for volunteers involved in drilling the Rescue Shaft said publicists for the show. The Mcclure had asked the City and chamber of Commerce to organize the Parade to Honor the rescuers and those who assisted them. For those who were there and those who weren to we want to thank you from inc Bottom of our Beans my Ciurca. 18, told the 2,000 people who gathered at the Parade s end. I want you to remember one thing Jessica loves All of  ran deep among the spectators some of whom were let Oil work Early to at ind the Parade. They cheered loudly when a huge Green drilling machine hat had dug pan of the Rescue Haft rumbled by. The crowd thundered even louder when they saw the flatbed trailer on which the Volunteer drillers stood. This is a Celebration of life said Robert o Donnell the paramedic when freed Jessica from he Shaft. None of us could Hue done it alone it took every one of us the feeling of pulling together was especially meaningful in Midland became the Jdc m Oil prices has depressed is Economy. The unemployment Rale was 14 Pera in but year and a few thousand of Midland s 9u.ooo residents have moved away