Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Wednesday, January 6, 1988

You are currently viewing page 31 of: European Stars and Stripes Wednesday, January 6, 1988

   European Stars And Stripes (Newspaper) - January 6, 1988, Darmstadt, Hesse                                Wednesday january 6. 1988 the stars and stripes Page 9 it in while most of inc United suites is in Winter s icy grip much or Europe has been basking in Spring like Lempera Spring fever in january Tures. This Young woman look admit Tage of the unseasonable warm spell to catch wait Sun in a Paik in Vienna Austria. Among. Those who were not enjoying the Balmy weather were Winter resort operator who were forced to watch an Nodus of skiers Over the weekend. Ski slopes across Ine Conti nent ire Green instead of while. Dollar s dive has t been bad for everyone London a the Dollar s fall of is percent against 10 major currencies in 1 987 was Good news fur . Exporters booming asian nations with currencies pegged 10 the Dollar buyers of Dollar priced commodities . Bound tourists and inflation outside the United Stales. It has been bad news for open com mines that Export id the United slates. Less developed countries americans who work abroad Anil world economic Sla Bili f1le obviously with the Dollar s decline it has positive and negative effects de pending on which Side of Lite Fence you arc said Nigel run Dell an International economist for the London investment firm James Capri and co. . Exporters have enjoyed a boost in recent months even though the . Trade deficit figures do not. On their face reflect that. These exporters can sell their products cheaper abroad and still make the same amount of dollars or they can sell their products at the same Price and make More profit in dollars. Younger exporting nations including South Korea and Taiwan have not Al Lowed their currencies to Rise As strongly against the Dollar and have improved their competitive position against Trad ing Powers such As Japan and West Ger Many. Huge Industrial buyers of Oil and other commodities priced in dollars have benefited because the commodities arc cheaper in terms of other currencies. Americans who work abroad arc Sec ing t heir Cost of i iving spar As each Dollar paycheck buys less i reign currency. And Back Home some americans who have had their hearts set on going to Europe for vacation have in do without be cause these things Cost so much More. At the same Lime residents of other countries who have dreamed of travelling to the United states find it is now much More affordable. 1 n Many parts of the world inflation is expected id remain modest because of the Dollar s drop. The lower Dollar Means that is Good news for the inflation Outlook fur 9hb," Rendell said. A big loser is the organization of Petroleum exporting countries which has watched the value of its Dollar priced Oil exports decline. Specs concern was underscored at its last full meeting in Vienna Austria in december when some members notably Iran pushed hard for the Cartel to in crease its Benchmark Price. However the majority of members Felt Oil demand was too weak to support a Price increase. Exporters of manufactured goods to the United states such As the makers of Wilerford Crystal and porsche sports cars also arc feeling the squeeze. Their sales and earnings have been Hurt forc ing some to Cul production or reduce their work forces. Last week for instance British Aero space pc announced thai the latest fall in the Dollar would Likely result in in creased losses from its civil aircraft Divi Sion in the second half of 1987. The statement followed remarks by France s foreign Trade minister Michel noir that the Tower Dollar was a Catas trophe1 for Airbus industries the euro Pean aircraft manufacturing consortium in which British aerospace has a 20 per cent stake. Airliners Are priced in dollars so non american manufacturers earn less in their own currencies with each sate. Many of these companies arc hedging dollars to reduce the Impact of the cur Rency s fall. For example they can make arrangements with Banks to guarantee thai Alt inc dollars they Cam arc converted at a  rate Over a certain Lime period. Less developed countries arc Hurt be cause they depend heavily on their exons of commodities such As sugar rub or and Silver which arc priced in dollars. Meanwhile some of the world s finance ministers and economists say the Dollar s decline is contributing to instability in the world markets and economies. Share prices on the London Slock Market for example have declined sharply on Days when the Dollar has weakened. British Chancellor of the exchequer Nigel Law son has repeatedly urged the United Stales to increase its interest rates As a Way of supporting inc Dollar. Bbl reports gender abortions1 by asian women London Ltd do ens of pregnant Asiati women have asked fur prenatal tests to determine the sex of i heir child so they May abort unwanted girls the Drilich broadcasting corp. Said monday. The bbl today radio program said some asian for non. Faced Wilh cultural pressure to avoid female offspring prefer male children ind have Ai cd for pre Natal  tests simply so determine inc sex of their child. Normally amnio Cenit Sis which poses a Small risk to the child is carried out to screen for birth defects but the tests arc being abused by doctors to enable women to have abortions if the fetus is the wrong gender the bbl said. Some unscrupulous doctors reportedly have taken bribes to perform both the lest and the subsequent abortion inc baby is a Girt inc h is said. Some asian women seek to avoid girls because under their customs inc girls have to present dowries to prospective husbands the i 1 c said. Britain has outlawed such Bender abortions and or. John Dawohn of the a Riligh medical association said this is a serious abuse of the skills taught at medical school. Members of Britain s parliament immediately demanded an investigation and conservative lawmaker Anthony Beaumont dark failed the practice a Dis Grace to  or. Reshmi Vurma a gynaecologist at a London hos Pital told the bbl she had been approached at least a dozen times a year by asian couples and offered up to  pounds $1.8jo to determine the sex of an unborn child. We always refuse but i do know that there is a minority who will do this for i  she said. Another doctor told the bbl patients gave false histories of Binh defects in their families in order to gel  less and then tried to gel an abortion on social grounds if the Felus was a girl the program also quoted an Anonymous London doctor who regularly offered the sen lest to asian women under pressure to have a boy and if the Oclus was a girl referred them to an Abom Onisi. The program sent pregnant reporter Saceda Benson to a gynaecologist and she asked for a test solely id determine the baby s sub telling the doctor she was a moslem from Pakistan. I said in was important the baby was male she said. He made it Clear that if i wanted ii take further action after the lest that is have an abortion there were doctors he knew who could arrange   
Browse Articles by Decade:
  • Decade