European Stars And Stripes (Newspaper) - December 29, 1987, Darmstadt, Hesse Inside stripes q Inouye gets $8 million for French jewish schools Page 3 g Tass says . Adviser killed in Afghanistan Page 8 d on the Job with tank loader Randy stuck Page 13 the stirs vol. 46,no. 254 tuesday. December 29, 1987 d 8693 a Buck drops to 1.59 Marks London Al l the Dollar Slid to new record lows against major foreign currencies in thin european Riding monday despite what dealers said was subs an Lial intervention by major Central Banks the Dollar Lii record sows against the japanese yen West German Mark the Swiss franc and dutch Guilder. I also Hil five Jar in Siv year lows against inc British Pound French franc and italian lira. To slow the Dollar s Hill in West German Bundesbank in ugh in nil j20u Milliun Over the course of the Day while other european Central Hanks bought a Sim Ilar volume dealers . Sales of German Marks in . Personnel for per Sonal a nil he it Chr Rule of 1.519 tuesday bused on a Price fixing Al midday and Alli manic for Standard handling charges. Stre other currency Raits on Page 27. Lale in he afternoon the new York it Cral re serve also entered the markets but inc interventions Hometown grieves for slain Sailor Reeders a. A Ronald Strong joined inc Navy last year to hone his skills As an electrician a Trade he planned to use to support his 19-year-old wife and the child they were expecting. On sunday his wife Amy. And his parents Donald and Beverly grieved for the 22-year-old, killed by grenades thrown sat urday evening into a United service organization club in Barcelona. Spain. The family is in total said Robert Bryson 48, a Cousin of the Vic Tim. He s their Only son. A and he was just recently married three ago. And she is is Strong died Early sunday after under going two operations said Robert Mcado a . Embassy spokesman in Madrid. The grenade attack also left nine sail ors injured authorities said. Strong was a Petty officer third class see Sailor on Page 28 had Lite effect traders said. Before he Start of inc t ump an tiny inc flank of Japan also had intervened in inc Market. Traders in Tokyo said Ihu Dank of Japan in unlit million to $300 million. European traders said tie thinness of the Holiday Market was exaggerating the Dollar s weakness which stemmed from . Budget problems and disappoint ment Over an International Accord aimed at halting the Dollar s slide that is regarded us weak. The Market was very thin so it s hard to say Chaet by Why it is said a trader in Frankfurt. Do n is evident thai the coordinated Central Hank intervention was insufficient to do More than temporarily prevent the Dollar from falling to lower in Tokyo where trading ends before Europe s Busi Ness Day begins inc Dollar fell id its ninth record Low closing in 14 Days tumbling to -12.1.is japanese yen from Friday s record Low of 125.20 yen. Later in London the Dollar was quoted lower Al 13 3,10 yen. Other Liuro can Dollar Rales 1.5940 West German Marks i.28h8 Swiss francs 5.4145 French francs 1.7950 dutch guilders 1. 182.025 italian i ire. Inc British Pound was quoted Al $1.8610. Meanwhile the Reagan administration said Mon Day that in wants to see stability in the . Currency and that a further decline would be counterproductive. The United Stales wants to see stability in the Dol Lar while House spokesman Marlin kit water said we feel strongly that any further decline or excessive fluctuation could he he spokesman made the statement As president Cagan began a we Klong California vacation. The spokesman refused 10 comment on the Post Christmas drop on inc new York Slock Exchange. -12.1.5 Christma the 2 . Ships Cut Short port Call in Barcelona from Shaft and wire reports outside of Madrid for transport to inc Ranald Strong a Pernila staff an Barcelona. Spain two . Warships headed out of port a week Early at Trawn monday with i hair flags at half Mast in mourning for a crewman killed in a terrorist attack at a Uso club. The Decsi Royce Thorn and the frigate Donald ii. Deary Cut Short their port Call because of the bombing which also wounded nine other . Sailors a . Navy spokesman said monday afternoon. He said the ships were in route to Naples Italy but he could nol say when icy would arrive. The saturday night attack was branded in an official note monday from the foreign ministry in Madrid As repulsive intolerable and Spanish authorities have questioned claims Thiu catalonian separatists carried out the grenade attack on the waterfront Uso club and were focusing their in veil i gation on a possible Middle East link. The body of Petty officer 3.c. Ronald Strong was to be flown to Torr Jon a outside United Stales Lair monday. The Navy spokesman said in has t been decided whether Strong will be buried in his Hometown or in Arlington National cemetery. Strong 20, of Reeders pa., died from extensive internal wounds 10 hours after the attack in which one or More individuals threw two grenades into the door Way of the club in the Mediterranean port 400 Miles Northeast of Madrid. Strong was stationed aboard the Thorn which along with the Beary had been in port since dec. Ii Madrid newspapers monday said one witness apparently heard someone yell Viva Lebanon before the grenades were thrown but National police spokes Man Manolo Jimenez was unable to con firm the report. No witness has come Forward to ill us he said adding it was still unclear if one or More individuals carried see ships on Page 28 Pentagon avoided the worst9 on raise Issue by Chuck Vinch Washington Bureau Washington when personnel and compensation officials in the Pentagon and the military serv ices close the Book on 1987, the epilogue May very Well read it could be been after steady defense growth throughout the decade spending was reined in this year after Congress and the administration finally agreed to address the . Bud get deficit to avoid inc Specter of automatic Gramm Rudman cuts. Fortunately for Reagan agreed to spare military personnel accounts from the a. Still there were few personnel victories for the Pentagon in 1987. We held our own and avoided the worst but that s about it one official said. The main concern of sen in members suffered under the economic agreement Between Congress and the administration the Pentagon hoped Jyh or Iii is for a 4 percent raise in the fiscal 1988 budget submitted last january would make up ground in the fight to keep military from lagging further behind the private sector. That Penta gon estimates the Gap to be nearly id percent. But the raise is always an attractive target in Congress because cutting in offers immediate savings unlike cuts in Long term procurement accounts. This year the raise went through several phases. The House and Senate armed services committees agreed to a 3 percent raise and to a quarters allowance increase of up to 6 percent. But. When the economic Summit began participants seriously considered culling the quarters increase and the raise to 2 percent. There was even talk of freezing completely although officials Waltr said that idea never got very far. In the end the Senate acting under guidelines from the economic Summit allowed onh enough Money for a 2 percent raise. On dec 17, the House agreed to follow suit. In the other major personnel Story of 1987, the Pentagon fought ferociously to Sta a off fun her Cut to officer strength mandated b the final 197 defense authorization act. The provision the brainchild of sen. John Glenn a Ohio chairman of the Senate armed services Man Power and personnel subcommittee called for cuts of 1 percent in fiscal 1987, 2 percent in fiscal 1988 and 3 percent next fiscal year. Glenn believes the officer corps has become Loo top heavy compared to enlisted siring la. Me wants the Pentagon to justify inc 11 percent increase in officer strength since 1980. The House armed services committee however favored a one year delay in the 2 percent and 3 percent cuts to allow More Lime for the general accounting office to study the Issue. Afler some give and Lake in the Aulhorn Aison Hill conference Glenn agreed to space the 2 percent Cut for fiscal 1988 Over two years. Pentagon officials Irr Mill in Lippy about the cuts bul most agree the Compromise reduces i hair Impact. It gives us a Little More breathing room said one personnel official. In morale welfare and recreation. Congress continued in reduce tas Pajer support for i non appropriated continued on Page 3 Styf be sports. Page 21
