European Stars And Stripes (Newspaper) - June 28, 1988, Darmstadt, Hesse                                European leaders meet Page 2 Buthod Icid unofficial up Hutc Tion Tki . Armid of Cit vol. 47, no. 72 a of Tam i tuesday june 28, 1983 cola morning i d 8693 a Greenback rises sharply hits 8-month High in w. Germany despite Bank s braking action Bas photo tuyt with Telephone at each ear a trader gels the latest information. . Kom1mcki financial writer Frankfurt the Dollar surged on International currency markets monday posting a six month High against the japanese yen be fore reaching its highest level since october against the West German Mark. In Frankfurt the Buck closed above 1,81 Marks up More than 2 pfennig Over Friday close. In an Effort to slow the Dollar s Rise the German Bundesbank sold s24 million Al the fix. Traders said. The sell off however had Little effect. Sales of German Marks Lovs. Personnel Tor personal ase will be at he rate of 1.81 tuesday based on a Price fixing Al midday and allowance far Standard handling charges. See other currency Rales on pane 20. In London the Dollar closed at 1.7020, pushed higher by word that the British Trade deficit ballooned to 12.04 billion the worst inthe nation s history. Traders in Frankfurt and London said Hebuck s climb would Likely continue at a cautious Pace amid worries thai the Central Banks would begin a concerted sell off of the estimated $20 billion they have accumulated Over the last year of the Dollar s de Cline. So far there s been no hint of the massive intervention that everyone s been fearing forthe last two weeks one German trader said. As Long As he Central Banks stay out the Dol Lar should con Niue to Cli  a London trader said the Dollar could reach1.90 Marks and a Sterling rate of i1.68 before triggering serious Central Bank interest. The United Stales seems not unhappy with a slightly higher Dollar he said. I think us not so much the Rise As the Speed of the Rise. As Long As it inches up i think 1.90 for Dollar Marks would requite acceptable. Remember the Central Banks Are looking for stability. Fits and starts arc what As Long As the Central Banks stay out the Dollar should continue to climb tend to scare  while some economists still predict a weaker Dollar by year s end perhaps Back to the 1.50 Mark Range in West Germany most trader remain bullish on the Buck. Let s keep in mind thai predictions for a weaker Dollar arc being made by economists not the currency dealers who control he mar Ket one Frankfurt banker said. We re stick ing to our predictions for something around1.85 Marks to the Dollar by the end of 88." gis families can t sue defense firms in deaths injuries High court rules Washington a the supreme court monday gave defense con tractors important Protection against lawsuits by people no accuse them of making defective equipment that causes death or injury. The justices by a 5-4 Vole refused to reinstate a s725.000 award to the family of a Marine helicopter co Pilot who die Din a 1983 crash in he Atlantic Ocean near Virginia Beach a. The court said companies May not bested when they make military equip ment using a design approved by the Pentagon As Long As the contractors did not conceal any potential hazards fro the government. Related Story. Page 4. The supreme court previously has ruled thai members of the armed serv ices May nol sue the government directly Over injuries suffered in connection with the military service. Monday s ruling marked the first Lime inc High court has extended similar Protection to military contractors. Justice Antonin Scalia writing for the court said state Laws authorizing person Al injury suits generally arc preempted by the Federal government s need to make unfettered military decisions. We arc of the View that state Law which holds government contractors Lia ble for design defects in military equip ment docs in some circumstances pre sent a significant conflict with Federal policy and must be displaced he said. Scalia said suits against contractors Are barred when the Pentagon approves reasonably precise specifications the equipment conforms to those specifications and the supplier warns the govern ment about potential dangers the equip ment  a sharply worded dissent. Justice William j. Brennan said the court s see court on Back Page several die when trains collide in Paris station Paris a two suburban trains collided Al a Paris train station monday killing at least is people injuring Al least 40 others and leaving an unknown number trapped inside the two trains police said. Cars were buckled from the violent Impact of the Accident. As Many As five people were seriously injured in the Accident according to Rescue workers. The collision occurred shortly after7 . On the Garc do Lyon station s underground level said fire officials handling Rescue efforts. The oncoming train entering the underground level of the station on the right Bank of the Seine River in Eastern Paris crashed into the rear of another train about to leave Accord ing to witnesses. Northern California rocked by powerful earthquake san Francisco a a Strong earthquake jolted Northern California on monday causing san Francisco sky scrapers to Sway and briefly hailing com Muter trains Bui there were no immedi ate reports of damage or injury. The state office of emergency serv ices in Sacramento said the quake hit 5,2 on the Richter scale while the . Geo logical Survey office in Menlo Park said the quake registered 5.0, the epicentre . Geological Survey spokeswoman Pat Jorgenson said was see quake on Back Page b 16