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Publication: European Stars and Stripes Tuesday, November 10, 1987

You are currently viewing page 7 of: European Stars and Stripes Tuesday, November 10, 1987

   European Stars And Stripes (Newspaper) - November 10, 1987, Darmstadt, Hesse                                Tuesday no Emoemo 1987 the stars and stripes Page 7 sinking Dollar boosts import prices los an files not the latest plunge in the value of the Dollar against other major currencies Means that the prices of imported goods ranging from German wines to Kalian shoes to japanese cameras will Rise in coming weeks and months according to import ers Industry officials and economists. But while the prices of some goods Wade by of Oteis companies May go up. Not All necessarily will instead of raising prices to Deal with the sinking Dollar some foreign companies Are shifting manufacturing to the United states since he Dollar began its slide against the yen and he West German Mart in Early 1985, most foreign manufacturers have not raised prices nearly enough to compensate to maintain their Market share hey have instead chosen to accept smaller profit margins. But at least for products that the japanese germans and other europeans Are still making in their own countries those Days May now be ending some analysts and Industry executives say. Import Price excluding Oil. Rose by about 13 percent in the last 12 months said Stephen maw it currency analyst with the Institute for International economics in Washington. Those Price in creases have already contributed about two percentage Points to the nation s current inflation rate of 5 percent mar Ris estimated. That s Likely to go on into 1989 even if there is a recession he said. Price tags Are showing the difference. A buyer for Ciman Marcus. The Dalji based department store Chain said the Dollar s fall had driven the Price of ital Ian made Lilaz Tuxedo Flats to si45 a pair from s108 last year. Both French and German wines also seem destined to become More expensive. We will have to raise prices almost immediately said Michael g. Temple president of Grcic expectations inc., a european wine importer in Emeryville Calif the most recent drop in the Dollar will add another 10 percent to the Price of european vintages thai arc already idling fur 50 percent More la in they were two y ears ago. An inexpensive a Renth wine Coles do Rhone that now Sells at Jyh j1sold ins year for s4.u9, Temple said. He is Wor ried i hit Many Consumers will pay Only so much for european Ami s. And purrs Are now hitting that limit. There is  i said in log that his sales to retailers Are already de Clining the fear of losing sales is exactly Why Mitsubishi electronics a maker of per Sonal computers computer add on urn semiconductors is changing its manufacturing strategy we re not going 10 Sil pal and watch ourselves become  said Richard j. Fochtman a senior executive vice president of Mitsubishi s ameril an subsidiary. To keep its prices Down Mitsubishi will step up production at its Plant in Torrance calif., and buy More components from non japanese manufacturers he said. Japanese companies in industries ranging from autos to printing Ink arc inking a Simbir Lack. Index d. John rut ledge chairman of the car cont economics Institute a research and consult ing firm predicts that the sinking Dollar will Forte More foreign companies to in crease Thi in direct investment in the tinned stale. The prices of some imported goods such As televisions and Kiuei cuu ii re corders have been affected Only modestly by the Dollar s fall. Prices of Panasonic Vocks. Sony Walkman and i Liru a Hitachi tvs arc virtually unchanged in thelast year said a spokesman fur circuit City stores inc., a National consumer electronics retailer. A key reason is Competition from such countries As South Korea. Taiwan and Singapore. The japanese can t just raise prices Willy Nilly said Joel 1 Nukman economist in Washington. Noting that the Dollar is still Strung i relation to the currencies of these asian countries Popkin said these japanese competitors still enjoy  com advantages and they continue Osi to their Market  protesters Block Road a i photo anti nuclear protesters Kneel on a Road leading to the rites of the Nevada lest site some 65 Miles Northwest of Las vegas. A crowd estimated at 450 turned out for the sunday demonstration and 224 prot Eslein including actor Martin Sheen were arrested on trespassing charges. In the past protesters arrested an charges of trespassing have simply been cited and banked and then released. Aryan nations move protested by Utah students Ogden Utah a More than 250 College pro i slurs some holding signs that read racism makes god  denounced plans by the White supremacist aryan nations to open a Branch office Here. The pickets chanted no More haired no More fear nazis arc not wanted Here As they gathered in a cold drizzle in Ogden s municipal Park. Every person who is Here takes on the personal responsibility to oppose these people at every turn said Jennifer Phillips a member of he Brigham Young University College democrats principal sponsor of Llic protest. The demonstration was prompted by an announce ment earlier this fall from the Rev. Richard Butler Leader of the Idaho based White supremacist group who said his organization was targeting the Ogden area for expansion. Students listened to speeches and Sang songs and some carried signs that read keep Utah  Mike Otto president of the College democrats said the aryan nations Light have been attracted to Ogden by reports that several execution panic were held in bars when Pierre Dale Selby. A Black Nisi. Was executed aug. 28 for the 1974 murder of  White Ogden residents. All they Sec s that people  celebrating Ilic death of a Black Man Otto said. A week Laii r Pilicy announce their intentions to open an Olifice in  americans expected to buy 33 million Yule frees Wausau. Wis. A with 46 Days before Christmas tree growers expect o sell a record of More than 33 million Christmas Trees. The Trees arc expected to Cost an aver age of s3 to $5 per foot this year about the same As last year said the National Christmas tree association. The 33.3 million natural Trees sold would be 600,000 More than last Yea Rand the highest amount since the group Ocean tracking retail Christmas tree sales in the mid-l9s h Saij spokesman Davi Baumann. Baumann  the increase to arise in the number of american House holds and belter Marl. Ing that hat taught if Public How 10 select and care Fornatus i Trees. I also think More american families arc returning o traditional expressions of the Holiday experience and our experience has been that that does not include plastic or Metal  Bauman said in an interview. The Christmas tree Harvest began in ear nest last week. Many tree harvested Early arc shipped to foreign markets in Hong Kong Japan or Europe Baumann said. At Badger Evergreen Parms in Merrill where Abon 40,000 we be harvested this year Cut evergreens Are i acct standing in mulch to help keep them moist. Last year Wisconsin was the third largest producer of Christmas i rfcs with Boul 4 Milun harvested. Michigan Ted lie nation in per Luction with 5 million followed by Oregon with 4.6 million Baumann said. Some 32.7 million Christmas Trees were sold last year nationwide said Flau Nann who estimates he Indus try is Worth 11 billion. Jewish leaders urge Boycott of Farrakhan speech Syracuse . A jewish leaders sunday urged a Boycott of a speech by Louis Farrakhan after Syracuse University s student government refused to Cut off funds fora Campus appearance by the nation of islam Leader. The student government association voted 28-3 to allow Farrakhan s appearance saying to do otherwise would be to stifle free speech. Critics of the speech saying Farrakhan is anti semitic had wanted the association to take Back an Esti mated $6.000 it supplied to the student afro Ameri can society for a speaker. The society picked the Black Leader i or an appear Ance on Campus after a Syracuse theater backed out because of opposition to the speech. Members of the militant jewish defense organisation say they plan to mount a protest during the speech according to spokesman Larry Weis. It must be a militant prote again t this traitor and jew hater Weis said. One of the City s jewish leaders disagreed saying the jewish defense Gam Alion was Only inflaming an already tense situation. "1 know of no one in Syracuse who has invited or welcomes participation of the jewish defense organi  said Barry Silver Borg. Enc Cutic vice president of the City s jewish federation  
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