European Stars And Stripes (Newspaper) - July 16, 1988, Darmstadt, Hesse Saturday july 16, 1988 the stars and stripes Page 3 Nur Ein und xau Steigen / a Buss zone a parking spot for bussing Only in Bavaria. The capital City of Munich introduced the signs for their new kiss and ride zones the govern ment is inaugurating on aug. 1. Officials Hope the zones will prevent traffic jams caused by couples kissing goodbye before Riding the subway to work. Dollar soars with news that deficit Rose slightly by the associated press America s worrisome Trade deficit expanded Only slightly in May and the inflation rate remained Moder ate in june despite the drought the government said Friday in encouraging reports that sent the Dollar soar ing. The Commerce department said the Trade deficit Rose to $10.9 billion in May compared with a revised $10.3 billion in april but the number was still the second smallest in almost three years and Well within economists expectations. Imports Rose 3.4 percent to $37.6 billion but the increase was offset by a 2.3 percent increase in exports which Rose to $26.6 billion very close to the record level for exports set in March. The labor department said wholesale prices Rose a moderate 0.4 percent in june despite a searing drought that sent prices for raw food soaring at their steepest Pace in More than 2 Viz years. The news on Trade and inflation was better than Many thought and sent Money traders scrambling to buy dollars which Rose sharply against key foreign currencies. In new York the Dollar surged past 1.8625 Marks in hectic trading compared with 1.8507 late thursday and 134.40 japanese yen compared with 133.18 late thursday. The British Pound fell to $1.679 from $ 1.689. See currency rates Page 20. The reaction contrasted sharply with the markets indifference to an increase in the prime rate thursday by major Banks from 9 percent to 9.5 percent the highest in More than two years. Stocks and the Dollar Rose slightly and Bonds were mixed. The Banks increase in the prime rate which had been widely expected in the financial markets reflected a Rise in their own borrowing costs and signalled More expensive Loans for Consumers and businesses. The move marked the second time this year the nation s Banks have raised the prime which is used to calculate a Range of fixed and adjustable rate corporate and consumer Loans. Economists had been expecting such a move be cause of evidence that the Federal Reserve has tight ened credit Over the past few months in an attempt to curb inflation. The rate increase came one Day after the Central Bank s chairman Alan Greenspan told Congress that the fed had been tightening the Money Supply and that holding Down inflation remained his key priority. Some economists saw a significant connection Between his remarks and the Banks action. In other economic news on thursday the Commerce department said retail sales Rose a moderate 0.5 percent to a seasonally adjusted $132.8 billion in june. It said sales Rose 0.3 percent in May an upward revision from the previous estimate of 0.1 per cent. President Reagan toured the drought stricken farm Belt and promised Farmers that we will do everything that we can to help. At the same time he called on Congress to act quickly on a package of legis lation aimed at making emergency Federal Aid Avail Able to Farmers. The Senate agriculture committee approved disaster legislation that would provide payments of up to $100,000 each to Farmers whose crops have been wrecked by the drought. China won t Holt missile soles to Mideast Beijing a Secretary of state George Shultz Friday said China made no promises to Stop ballistic missile sales to the Middle East but he said the United states should not Stop the flow of High technology to China in response. We did t come to any agreements about it missile Sale but. I m sure that the subject will continue to be an important one on our Agenda Shultz told reporters after meeting with senior Leader Deng Xiaoping communist party chief Zhao Ziyang and Premier i Peng. When asked about news reports of a chinese syrian missile Deal Shultz said chinese leaders told him their Only bal Listic missile sales in the Middle East have been to saudi Arabia. The los Angeles times reported thursday that an agreement was consummated under which Beijing would sell intermediate Range m-9 missiles to Syria. Senior . Administration officials travelling with Shultz have said the chinese Are believed to be marketing the weapons which have a maximum Range of about 370 Miles but that . Officials have no indications of a Sale. The officials say the m-9, which is potentially capable of striking targets in is Rael from Syria is at least nine months away from production. More than 100 . Congressmen sent Shultz a Cable thursday warning that future Transfer of . High technology to China would be jeopardized if the Sale to Syria went through. Shultz said he got word of the Cable Only after his meetings with top chinese leaders but added i think the Way to try to get at it with the chinese is other kinds of constructive angry Over alleged chinese sales of anti ship silkworm missiles to Iran the United states last fall temporarily froze some High technology sales to China. The United states has also been critical of China s Sale this Spring of intermediate Range missiles to saudi Arabia. In his meeting with Shultz Friday Deng said the United states and China should bring their relationship to a higher the 84-year-old senior Leader said re lations Between the United states and China have improved steadily during president Reagan s term although of course there Are still some problems be tween Shultz held closed door talks with i and Zhao. It was his second Day in Beij ing. On saturday he was to Fly to Seoul South Korea the seventh Stop on a nine country trip through Asia and the Pacific. Azerbaijan reportedly imposing blockade on breakaway area Moscow a authorities in Azerbaijan Are preventing vehicles carrying foodstuffs from reaching a breakaway Region of their Republic and have imposed an economic blockade on the mostly armenian area a local journalist said journalist from the state broadcasting authority said an Airliner was forced to turn Back to neighbouring Armenia on thursday after azerbaijani authorities re fused to let it land in the Magorno Karabash District. There Are no More fruits or vegetables in our shops the journalist said in a Telephone interview from the City of Stepan Akert in Magorno Karabash we have almost no economic ties now with the legislature of Magorno Karabash an enclave the size of Delaware whose 160,000 inhabitants Are mostly armenian voted tuesday to secede and join Armenia. The azerbaijani government called the vote illegal and declared it Are under a virtual economic blockade said the journalist who spoke on condition of anonymity. The azerbaijanis Are trying to morally kill our move ment to strike Down our just for the past two months Magorno Karabash has been disrupted by strikes by ethnic armenians who want to be United with the armenian Republic. Arme Nia followed suit with strikes on july 4 demanding the annexation. The official Tass news Agency reported that the situation in Stepan Akert remained tense. A general strike in the City journalist said none of the City s 20 factories was working and that bus service Between Stepan Akert and the armenian cities of Kiro Vakan and Kazan was to Yerevan however were setting out every other Day with an escort of police brought in from the Stavropol Region of Southern Russia he said. On thursday an Aeroflot Airliner in route from Yerevan to Stepan Akert was forced to turn Back after azerbaijani authorities refused to let it land in Stepa Nakerst the journalist said. The Airliner touched Down in the armenian City of Goris and passengers returned to Yerevan by bus he three fourths of the enclave s residents Are ethnic armenians most of them christians but the Region was assigned to predominately moslem Azer Baijan in 1923.khovik Vasilyan an armenian activist said by Tele phone from Yerevan Friday that most of the armenian capital s factories were still strike bound but that trans port was functioning normally in the City of 1.1 million said another rally in Yerevan to press armenian demands for annexation was planned saturday. Roller coaster named landmark new York a Coney Island s Cyclone roller coaster 3,000 feet of exhilarating terror for 61 years has become the City s newest landmark. The Cyclone received landmark status this week by a unanimous vote of the City land Marks preservation commission. The designation ensures that future developers would need commissi9n approval before altering or demolishing the ride. The ride is one of Only 85 Wood track roller coasters left of the 1,500 built nationwide. The Cyclone with nine drops and six turns includes an initial 91-foot plunge. The roller coaster takes More than 100,000 people a year Over 3,000 feet of track at speeds up to 68 Mph. The Timber and steel Cyclone was conceived by Harry c. Baker a leading operator of amuse ment Park rides and designed by Engineer ver non Keenan. The ride Cost 25 cents when it opened in 1927 the Cost of one minute and 50 seconds of exhilarating terror is now $3. Henry Stern Parks commissioner said his 10 year old son Jared loves the ride. Asked if he had Ever been on the Cyclone the commissioner responded not while it was in to
