European Stars And Stripes (Newspaper) - March 2, 1988, Darmstadt, Hesse The stars and stripes wednesday March 2,1988 top economic gauge fell in january Washington api the govern ment s chief economic forecasting gauge dropped a Sharp 0.6 percent in january Bill an upward revision for december eased tears of an imminent recession. The Commerce department reported n month ago thai the Index had declined 0.2 percent in december after falling in october and november. Three consecutive monthly declines in inc indic farm Llic traditional bul not in fallible signal of an impending recession. In tuesday s report. However he de Cember calculation was revised to show an increase of 0.3 percent. Since ii was created in 1948, each Lime inc Index has declined for at least three consecutive months it has correctly fore Casl it recession. Thus the revision for december was taken by economists As a heartening sign that the country is unlikely to suffer a downturn this year. The Index has on added significance since oct. 19, when Slock prices plunged a record 508 Points. Surpassing the plunge in Points during 1929 Market crash whirl preceded the Gnal depression. Since october s Steep decline however a number of business barometers have shown strength including continued declines in the unemployment rate. Even the Stock Market has rallied in re cent weeks climbing More than 48 Points on monday to Clow 0 its highest level since the october collapse economics Are looking for the econ omy to slow in he Tim half of 1988, bul they now believe that the sluggish growth will not Worsen into a recession. Til1 National association of business economists said monday that while More than half of its members respond ing to a november Survey believed the country would suffer a recession this year thai figure had now dropped to about one fourth. The 0,6 percent january decline was led by a big increase in new claims for unemployment benefits which averaged 351,000 a week in january up 12.5 per cent from the december level. Since Jan uary however the weekly unemployment claims figures have been falling further casing recession fears. To All five of the nine available Indica tors showed weakness during january. After unemployment claims the negative factors were a drop in building permits a decline in manufacturers orders for con Sumer goods changes in raw materials prices and a drop in business delivery times. Four indicator showed strength during the month with a Rise in Stock prices Mak ing the biggest gain. Other posit it forces were the growth of the Money Supply in creases in the length of the average work week and a Rise in orders for Plant and equipment. The various changes icel the Index at 190,2 percent of its 1967 base of 100. Michael Evans head of a Washington forecasting firm until recently had been cancelling a recession in the Early part of 1988. But a said he was now less Pessi mistic because a variety of business barometers have rebounded after an initial Shock from inc Stock Market decline. The Economy in t Mil of the Woods yet but a recession forecast is a diminished probability now he said. The Overall Economy As measured by the Gross National product raced ahead at a 4.5 percent rate in the final Ihrcke months of 1937. But almost All of that increase came from a big buildup of unsold products. Analysis said production will be Cul Back in the current Quarter while those High inventory Levels Are worked Down. Many economists think growth will slow la below i percent with some even expecting a negative Gnu growth figure from january through March. Bui economists think growth will Ihnn slowly improve allowing inc Economy to expand Al around 2 percent for All of 1988, about half of he 1987 level. Most of the growth in inc Economy is going 10 come tron exports with con Sumer spending and Home building continuing to be depressed said John o. Wilson chief economist at the Bank of America in san Francisco ruling makes it easier to Deport some aliens Washington a the supreme court on tuesday made it easier for immigration officials to Deport aliens Wobu seek reconsideration of their claims to remain in the United Stales. By a Vole of 8-0, the justices barred further hearing for a California physician. Or. Assisi Laburu who said he might be tortured or killed if forced to return to his native Ghana. Budu asked the Board of i Migra lion appeals for Asylum in this country after it denied his initial bid to avoid deportation. Justice John Paul Stevens writing for the court said immigration officials having decided an alien should be deported generally arc under no duty to reconsider the ease when thu alien says he has new evidence to support a bid for Asylum Stevens said aliens seeking to reopen their deportation cases have the difficult task of proving that immigration officials abused their discretion in refusing recon Sidra lion. There is a Strong Public interest in bringing Liti gation to a close Ai promptly As is consistent with the inner Cal in giving the adversaries a fair Opportunity to develop and present the irrespective Stevens said. He continued we have no hesitation in concluding that the Board of immigration appeals did not abuse ils discretion when it held that Budu had not reason ably explained his failure to apply for Asylum prior to the completion of the initial deportation proceeding. Budu is a native and citizen of Ghana who Grad supreme court Roundup a cd from the University of Southern California med ical school and married a . Citizen. Immigration officials moved to def Flat him in 1981 after he was convicted in California of illegally at tempting to obtain the drug do Mcarol by fraud. He was Given a one year suspended prison sentence and was placed on probation for three Yum. The immigration and naturalization service found him do portable and the Board of immigration appeals upheld thai decision. He faces deportation to England according 10 court papers. But Budu said he might be barred by that country and forced to return to Ghana Budu asked immigration officials to reopen his Case in 1985 and Grant him Asylum in the United Stales from the military dictatorship of flight it Jerry Rawlings who regained Power in Ghana in a dec 31, 1981, military coup. Budu said be bad new evidence that his life might be in danger if he was forced to return to Ghana. The Board of immigration appeals refused to re open Budu s Case noting that Yahuda did not initially seek Asylum when he contested his deportation. But the 9th . Circuit court of appeals in 1986 ordered the Board to Budu Asylum. The supreme court agreed with the Reagan administration that the appeals court should have deferred to the immigration Board. Justice Anthony m. Kennedy who Only recently joined he court did not Lake pan in the decision. In other developments the court declined to decide whether the slate or the Federal government should control a Gulf of Mexico area off cat s Cache Sixl a a Cir few Smoky look gloomily at a Jug ruin Vainini Cash collected for his defense against a car " wonder Smoky s not feeling up la scratch. The pal of i itt Bursh Slort owner in Raj cd Brown is accused fit clawing b customer and that could a expensive if the judge happens not to like ails. Heard arguments Over the constitutionality of Texas death Penally Law. A ruling is expected by july. . Students win top science awards Washington maj i a old David con m i. Sew a h 1 ican Hialit a to styx he Howo. A Flynn you sufi. It. Ohm ii. H a up oni he 5cwo4of sew Nev. Tlo�00 Sucay Clort go Fumu 16. Pm Baich g he Schoefl t?.soo. Kurl car Mia Cut. 19 Sura Coa a. Paisi be Corgi Ami of ugh 7.mo.eatfiot vat Ira 30tif Dum ii . Law Itoh town nip h4 so toll a Fitt 0
