European Stars And Stripes (Newspaper) - June 12, 1988, Darmstadt, Hesse                                Page 28i a i the stars and stripes sunday june 12,10b8 Trade Outlook improving official says Bidav Walczak  Kaiserslautern Iva Biiber of the Federal Reserve Board  that limited . Export capacity Wil. Hamper efforts to drastically reduce the nation s International Trade deficit in Shenear future. Manuel Johnson vice chairman of he Board of governors of the Federal re serve system made the statement in an interview before delivering the commencement address for graduates of Troy stale University european Region. Johnson said that the Trade deficit fall bul Only gradually. For those people a Hajj a a com plete balance  possible. Our Export Industry is capable of in creasing Codo Burout it has to be Al a Pace lha a Tot Loo  fall of the Dollar will not Benefit the International Trade picture. ". Industry is taking in about As Many orders As it can handle for Export on a he said. So there is some a Jcj Virther depreciation of the Dollar inn it tall. Generate higher prices rather thanT"1 of  in addition Johni lower Dollar Guhl Lotuce the growth  partners and Pawn demand for our  Jnson said he met with German Lund Cslank president Karl Olio Pohl on Friday bul a Bundesbank spokeswoman said fonday that no formal meetings were scheduled Between the two. We generally talk about coordination of International monetary policy he said. We seek a stable environment Formont tsp a graduate of Troy stale inflation and Exchange rates. I cant gel University at Troy ala., said a further much More specific than  the former assistant Secretary of the Treasury said he planned to meet Sun Day in Basel Switzerland with Centra Bank representatives of 10j the Dollar Rose Jirav Biringer nation Al  week after the serve Board chairman Alan. I said a falling Dollar  improve the . Trade picture. The Reagan administration has Pur Miau Jicy of driving Down the Dollar in an  the Trade deficit which has reanm4iu3uliion annually. Although refusing to hit future Exchange rates Johnson Saunt United slates and other nations arc to Kent contributing to a More stable  the major Trade surplus countries Japan and West Germany Are Ori enting their policies More toward stimulating the Domestic demand rather than just increasing  he said . Policies aimed at modest growth and Low inflation also will help stabilize the Greenback. Loht ton downplayed the . Trade figures for april due out tuesday which Many financial expert use to gauge the current health of the Dollar. I Don t think one month s number is meaningful he said. What s important is the trend. And clearly there is a trend of a declining Trade  in his commencement address before about 140 graduates Johnson said tech Nical factors contribute to a somewhat faulty picture of the  Trade deficit since rising import prices precede in-1 exports. Who joined the Federal re Jerve tnia$6, said in the speech that a combined program of More . Savings coupled with investment and increased Domestic growth by Japan and West Ger Many would be needed to solve the Trade problem in the Long term. News briefs Frankfurt tour bus Driver takas filipinos to robbers Frankfurt a to wanly so members of a i Hind tour group who Iho Iyul they were being give a Lour of the City re kidnapped and Robby after a bus Driver love them to secluded arvo where to attn Man were wait ing police sad Friday. F police Savoy inc  Early Friday when inc grow of 19 ten and seven women decided to Takim late Neil tour of the City. Near Franklin s Afcin railway station the group found a Bil Dover who offered to give the group a tour of themly police said. After driving found the City and slopping several limes Tonac Telephone Calls the Driver pulled inc but into Remote parking lot where two masked Yin Arn cd with pistols were wait ing. Audion of said. \ Mcm Bojt of the Groin were then robbed of their calf jewelry and line tickets and were herded it the bus policy id. The us Driver then drome away with the  officials said. \ ording to police a cobs the group had Jusi Fri Hedtrom a visit to Yugoslavia. Group was Given temporary lodging by Thean red Cross after the robbery. Plan would put time limit on recordings from to London a britons who make video tapes of television programs would be forced to erase or destroy such tapes within 28 Days under a Law proposed by the conservative party govern ment. The measure which could become Law this summer is aimed at preventing viewers from building up Home libraries with videotapes of television shows and films depriving copyright holders of royalties. Opposition leaders have called the proposal unenforceable. Prime minister Margaret Thatcher s govern ment made the proposal As an amendment to the copyright designs and patents Bill of 1956. A House of commons committee approve the amendment by a Vole of 11 -7 thursday. A. Firm chosen to build two nuclear attack subs ton s ship Wilde Navy selected another Compa red attack submarine news va., company a e work by August 19&3, in of tonne co inc. A Newport 1 by to build t and awarded a. $612 million toe a bid by  r. Was chosen overt of the electric boat division of general pm Homics in pm ten conn., to build the lost Geles Clas submarines the Navy said. A sabres Man said the Navy a currently Nego Tali Fri with electric boat to Buum he third los Angeles class submarine authorized by Congress for 1 �88. Aqueduct shut Down As quake Southern California los Angeles App a rolling earthquake jolted Large area of Central and set Sid California on Fri Day temporarily closing a vital am Hycl and catapult ing rocks onto a freeway. Three Ropeti to injured by a falling tree. No sinous damage was reported bul authorities shut Down the j forma Aqueduct after the quake knocked out elect i Power to Al least two pumping stations. The Aqueduct provides half of Southern Calico water and All the water imported into the Reid from Northern California said senior operal Kne Palill of the metropolitan water Dis Ricl. The Aqueduct was expect cd & reopened some time Dunna the weekend Midi Flag to Mike Mcgregor a Sacramento  for the state department of Waler resources it added. Customers Wil fee no immediate Elj Tefr Mcgregor said the quake dam aged four electrical circuit Breakers Al one pumping station Bux fryre was no apparent structural damage. The Oake s preliminary magnitude was estimate Dat 5 on the Richter scale by the California Institute of technology in Pasadena and the National Earth quake information Center in Golda Cojo. "it1 a moderate quake Mem Catech seismic analyst Steve to i the  at 4 06 . And was Cen Teredo  fault i Miles North Northeast fan about 70 Miles Northwest of downtown los i said called spokesman Robert finn shocks also were measured by Cal Lech with the  4.0 at 4 22 ., said Riley Geary a seismic Al by in  devastated by a quake last october Ihm haole were struck by a Large falling Avocado tree said Wlter fire Captain Harold full big he. The 200-mile Warlock pfc Fujs the stale s second Ireail Faull said _ Vej Lemories. The quake also was Felt in Santa Bare about 100miles Northwest of los Angeles and Barstow Miles Northeast of los Angeles. Backers from pager1 Date in  might we could not Carl the Reagan admin Sirai City the United states As it wants of panamanians there just As we can make our do not want in  about any lists made up by " Moreno said in pan to make As mans docs not want Tafb Mit of .  the reagabi4n1nislratton has sought unsuccessfully to Mug Ariega who is under indictment on drug  in Florida to yield Power to Del Nama. Tans on the list who attempt to come to the a United states would be stopped at . Ports of entry or they would be denied visas at . Consular offices the official said. The purpose of the declaration is in a very in gentle manner to let Noriega s supporters know that their continuing support for him is not going to be without some personal Cost the official said. Iranian Boom attack Tanker in Gulf Manama. Bahrain a Jinian gun ats sat urday attacked and set  off saudi Arabia and tired Rcd Fet propelled Grolln at an american chartered Fra Ter in the Strait of Fifer Mut sources said. The raid on the Freig Fer left one crewman dead an two injured. The British Fla got Tanker the 258,979-ton Esso Demelia was set Plaze at 6 05 . Southeast of the saudi Oil port of has Tanura according to persian Gulf based shipping executives. Four hours earlier two iranian gunboats attacked the 11,744-ton West German vessel Dhaulagiri 300 Miles to the South As it sailed into the Strait of Hor Muz the waterway connecting the persian Gulf and l the Gulf of Oman. The freighter was manned by a Crew of five Ger " s and 14 filipinos the sources said. Students riot polices Battle in Seoul Seoul South Korea a Radical students hurling of bombs stormed a major government build ing Saoukay and grappled with Riol police after Security for blocked 9 reunification March to the North Korea Border. Ice said 26 students forced their Way past guards \ huge combined Central government Complex Center of Seoul which houses the prime min f s office the foreign ministry and other major eminent offices students smashed windows and damaged a police Post and a waiting room in the Complex with fire bombs poke. Said. The Complex is across a main Road from the u Wjk Robasky. No injuries Cre reported. Police said 18 student were arrested. A the Siu Denu or accused president Rob Tae woo of repressive and Rafe Memic ladies aimed at keep ing South  from communist North Korea and Allied with Uku ruled states. The students launch fee raid after the government on fonday blocked their pins to March w the North korean Border for talks with Northern student delegates on reuniting North and South Korea