European Stars And Stripes (Newspaper) - December 11, 1987, Darmstadt, Hesse D selective re enlistment bonuses resume Page 2 g gun found at Airliner crash site Page 5 g is superbowl contest preview sports Page 26 the stars an author Leo unofficial Public Trio vol. 46. No. 237 Friday. December 11, 1ub7 0 8693 a . Trade deficit skyrockets Washington a the . Foreign Trade a Cicil soared to a record $17,6 billion in october a giant 25.3 Pyrc Cal above the september imbalance the Govi no Cal said thursday. The Commerce department report which showed the october deficit was s3.56 billion higher than the si4.i billion september deficit pushed the Dollar Down to record lows in frantic trading on foreign currency exchanges and triggered a 27.85 Point drop in the Dow Jones Industrial average after 90 minutes of trading. See ear Lier curency Rales. Page 27. Most economics had been forecasting an october deficit of around $14.6 Bil lion nol the record figure that occurred. You Are sitting there looking for one thing and Here comes a Hurricane that almost takes your head off said Jay Ciol Dinger an economist with Cantor fit Gerald. A los Angeles Bond House. Everyone is shaken Ocause the num Bers Are so dramatically different than had been sex Jerry Jasinowski chief economist for the National association of manufacturers called the report startlingly he predicted a Sharp negative Impact on financial markets with the implication that h could raise interest rates by forc ing Down the value of the Dollar. Jasinowski said that he doubted thai intervention by Central Banks such a the Federal Reserve or the Bank of Japan could do much to Stop a new Dollar plunge. I Don t think the Central Banks can move against figures this Large he said. The Reagan administration tried to play Down the significance of the october figure bul Commerce Secretary a William Verity conceded that the record deficit is clearly there arc a number of forces at work in Trade mailers Many of which have been in in making for a Long time and cannot be reversed quickly he said in a soul Emcil. Final Summit talks shrouded in mystery vice president George Bush visits with Sovil Leader Mikhail Gorbachev thursday at the soviet embassy. Washington api president Reagan and so Viet Leader Mikhail s. Gorbachev began their final Summit talks thursday in an atmosphere of mystery caused by a 90-minute delay and behind the scenes discussions Over reductions in Long Range ballistic mis while House Tiliks began after Secretary of stale George Sulu held an unexpected meet ing with lop soviet officials then went to the while House to Tell Reagan what he had Learned. From the soviet embassy where they bad breakfast together. Gorbachev and vice president George Bush drove together to the White House in the soviet Leader s armoured limousine. Along the Way Llic limousine stopped abruptly on a buy downtown thorough fare where the two men go out to shake hands with startled passers by. When they reached the while House Reagan was standing in the driveway to Greet them. I thought you d gone Home the president told Gorbachev. I had a Chat with a group of americans who stopped our car the soviet Leader replied. About 20 minutes after the iwo leaders entered the while House they Tell the Oval office for a five min ule stroll around the Long driveway that circles the White House South Lawn. The weather was overcast bul mild. Then they went inside for lunch. Earlier Bush told reporters that you can t predict the outcome until he to leaders got Uig Calitr Laier in the Day. I m trying to keep expectations under Eon Lrol he said at a caviar breakfast with Gorbachev at the soviet embassy. Officials said Gorbachev s 90-Mimite delay in Arri see Summit on Page 28 group Marks Anderson s 1,000th Day As hostage
