European Stars And Stripes (Newspaper) - January 24, 1988, Darmstadt, Hesse                                Sunday. January 24,1988 the stars and stripes Page 19 digest japanese steelmaker plans . Venture Tokyo up Kobe steel lid., Japan s fifth largest steelmaker plans to launch a �25 million venture in the United Stales Wilh iwo other japanese companies to produce and mar Ket steel powder far automobile pans business machines and electric  steel said a new company. Kobe co Mucial powder of America inc. Capitalized at a million has been established in Seymour ind., to undertake the venture. Mexican labor Leader to write autobiography Mexico City up one of Mexico Foremost labor leaders Fidel Velazquez plans to write an autobiography of his 70 years in the workers movement but Only after people to be mentioned in the Book have . 87, began organizing milk delivery boys at age 11 and went on to form several organizations including the mexican workers confederation and the labor Congress mexi co s largest workers group. He is now president of Bolh. Mca loses bid to Block entertainment Center los Angeles a entertainment conglomerate Mca lost a round in its bid to Block plans by Walt Disney co. And the City of Bur Bank to build an entertainment and shopping Center called the Disney Mem studio Back Superior court judge Warren h. Deering Dis missed a suit by Mca which is based in univer Sal cily where it operates the Universal studios tourist attraction just a few Miles from the pro posed Disney site. Deering ordered Mca to pay the City s court  pending is a second null which claims the City violated the stale s open a Jve Mcm Brown act by negotiating privately Wuh Disney. Dart group merger May spark takeover fight Braintree mass. Up the Dart group com. Has offered j837 million to buy the Stop & shop cos., a move analysts predict could be the Start of a Hitler takeover Battle for the supermarket and department store  a letter to Stop & shop chairman Aram j. Goldberg the Maryland based Dart group ten a Rcd a Cash offer of $30 a share for All of the Chain s Stock and suggested they might offer even More to assure control of the  asked Stop & shop to remove the barriers of the Massachusetts anti takeover Laws and willingly merge with Dart to form a company to be called new Stop &  offer comes one week after Dart con trolled by the halt family notified Stop & shop that it was seeking regulatory approval to buy 50 percent or More of the company s shares. Companies will promote plastic bottle recycling Washington a several Large Chemi Cal companies have formed a Trade association to promote the recycling of plastic Boiles. Among other things the group plans Loop pose mandatory bottle Deposit  new group the National association for plastic Container recovery based in Charlotte n.c., eventually Hopes to Deal Wilh All plastic bottles but first will concentrate on polyethylene  pet  a billion pounds of pet was produced last year 77 percent of it used in Sou Dnn bottles. An estimated 150 million pounds was  association will try to increase the amount recycled by 30 million pounds this Yea through establishment of new recycling pro Grams in at least four  the end of 1992. It Hopes to Boos the proportion recycled to 50 percent which is about the proportion of aluminium cans re cycled. Business news Dollar stabilizing tactics might work out after All by James m. Kennedy new York a it May nil look like it but the International agreements to stabilize the Dollar in the currency markets May be working after All. Granted the Dollar is still moving fitfully up one Day on Good economic news and Down the next on recurring doubts but at least the Center is holding. The Dollar although weak Steirn to have settled into a trading Range Wilh a ceiling and a floor defined by he last year s currency accords among the world s biggest Industrial Powers. By trying to Stem the Dollar s decline in 1987, the major trading partners effectively established upper and lower limits for its movement in the Early going of 1938.with the louvre Accord of last february the world s major trading partners sought to stabilize the Dollar at then current level namely about 150 yen and 1,80 Marks. In spite of those targets the Dollar continued to Drift , in the aftermath of october s Stock Market crash the louvre Accord s support Levels for the Dollar actually became an upper Boundary a signal to sell the currency. Then in december the Western trading partners comprising the group of seven issued a joint communique reaffirming their commitment to stable Curren cies. This Lime around the statement had aggressive backing from the countries Central Banks which rushed into the Market to buy dollars when the currency showed signs of stress earlier this month. Experts speculated that the latest agreement among the United states Japan West Germany Britain France Italy and Canada established a new Lowe Boundary for the Dollar to be protected by the consid Erable purchasing Power of the Central Banks. Whether an official floor for the Dollar was established at around 120 yen remains a subject far debate. But the Central Banks commitment to supporting the currency appears Clear. It is working to the extent that it has put the fear of god into the  observed Marc Chandler chief financial futures analyst for Dean Witter Reynolds inc. In Chicago. That Means the Dollar May not trip into another free fall As it did in late 1987. That s the Good news. The bad news is Here s no big rally in the cards for the Dollar thanks to the artificially High targets set by the louvre Accord and continuing uncertainty about the health of the Economy. On Jan. 15, when the government announced a big improvement in the . Trade deficit for november the Dollar leaped above 130 yen. But the euphoria quickly faded when Japan announced a few Days later that its trading surplus Wilh the United slates was getting worse instead of better. The Dollar drifted Back toward 125 yen As if drawn to that Well worn trading Range where the Bear Market for the Dollar rubs up against the threat of Central Bank intervention. And so there the Dollar Silt Loo weak to inspire much Confidence but Strong enough to attract help from the Central Banks when needed Aslo its future economic numbers particularly Trade data will remain critical. Chandler and others say inc Dollar May muddle through another month until inc nest Bitch of . Trade figures Are released. In Light of the conflicting Trade report from Japan we need some kind of confirmation of the u a. Data said Chandler. If it the december report on . Trade shows significant improvement More bears May have to go into  equal corporate Frea Menf urged for workers with aids Washington a the lop . Health offi Cial Hal called on business leaders to treat employees Wilh aids no differently than they would a worker with any other serious disease. Saying aids puts corporate America into a strange new world health and human services Secretary Otis r. Bowen said employers have the National pub Lic responsibility to inform and educate your employees on he danger of aids and the Way to avoid it. You also have the private selfish responsibility to protect your employees As you would your investment and your profit tie Lold an aids forum sponsored by Allstate insurance co. A key part of this he said is to develop a policy of How to Deal with workers who Are sicken with the virus he said the Federal government is developing a Gen eral policy of its own based on the National centers for disease control guideline thai says the kind of non sexual person to person Contact that generally occurs among workers and clue nos or Consumers in we work place does nol pose a risk for transmission of aids. The natural consequence of this is to treat employees who have been diagnosed As having aids or who arc suspected of being infected Wilh the virus no differently than you would any employee Wilh a serious illness said Bowen. They should be allowed to continue working As Long As they Are Able and As Long As their perf01T11Tand safely and the safely of others Are not jeopardized. Just As important. Their fellow workers need to be completely and constantly reassured that they Are in no danger whatsoever of infection the Cabinet officer said. Firing or otherwise discriminating against somebody Wilh aids transgresses a great Many Legal As Well As humanitarian consider  Turvey of 613 corporations issued m conjunction with the forum suggested american business in general has nol developed policies to Deal Wilh aids although they see in of a major problem facing the United slates. Among the Survey s major findings executives ranked aids third among the largest problems facing the nation behind the Federal deficit and drug abuse. Only one in five companies have developed or arc developing a will in policy to Deal with employee with aids 41 percent of the 623 chief executive offi cers or vice presidents who responded favor an Active aids education program within their company and 38 percent Are Neutral. The idea ii opposed by 15 pc Iceni. Tax Laws Hurt multinationals new York Jan. 19 up a study by an inter National accounting la and management firm shows . Tax Laws hamper american multinational corporations from competing overseas and subject them to double taxation. The study done by Arthur Young and co. And published by the Washington based Tat foundation said the tax Reform act of 1986 docs nol improve the situation of the multinationals but generally worsens it because of frequent changes in the . Tax system. ". Multinationals face a severe competitive disa Van Iago with major competitors in world markets be cause of a National policy that severely restricts their ability to do business overseas in a cosi eff Clive Man Ner the study  . Tax system handicaps its own multinational by imposing severe constraints and heavier lax burdens on foreign source income than do the other countries studied the document said. Bui while pointing out the negative Side of the . Law in docs not suggest or recommend reforms. The study which compared u a tax Laws Wilh those of Japan West Germany and Lite Netherlands a applied to multinational corporations is the first of its kind Arthur Young said