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Publication: European Stars and Stripes Friday, October 14, 1988

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   European Stars And Stripes (Newspaper) - October 14, 1988, Darmstadt, Hesse                                Page 28 the stars and stripes Friday october 14,1988 August Trade deficit exceeds forecasts Washington apr the  Trade deficit swelled to $12.18 billion in August As a record level of american exports was swamped by an All time High in imports the government reported thursday. The Commerce department said that the imbalance Between what the United states imports and what it Sells abroad climbed by $2.7 billion Over a july Defi Cit of $9.47 billion. The july figure had been the smallest monthly imbalance in More than three years. Economists had expected an in crease for August but the actual result was worse than the $11.3 billion imbalance Many forecasters had predicted. Even before the figures were released financial markets headed lower because of unease Over what the government would report the Dow Jones Industrial average fell by 30.23 Points on wednesday its big Gest decline in nearly two months. News briefs the widening of the deficit was cer Tain to provide ammunition for demo cratic presidential candidate Michael Dukakis who has charged thai the soar ing Trade deficits of the 1980s have Cost America millions of lost jobs and rep resent one of the greatest failures of the Reagan administration. Dukakis opponent. Vice president George Bush has sought to minimize month to month variations in the Defi Cit painting instead to the fact that the deficit for the entire year is headed lower. For the first eight months of the year the Trade deficit is running at an annual rate of $138.2 billion a substantial improvement from the record deficit of 1170.3 billion suffered in 1987. Indeed the shrinking of the deficit has been the principal reason for the better than expected economic growth so far this year. Economists attribute about half of Overall growth to the improving Trade deficit. . Exports Rose to a record level of $27.55 billion in August an increase of ii .03 billion Over the july level. After suffering hard limes from mid-1934 through 1986, american Industry has been enjoying a Boom As the lower value of the Dollar has made . Good competitive once again on overseas markets. But unfortunately the weaker Dollar has not had much Impact in slowing americans appetite for imported goods even though they now Cost More. Imports jumped to an Alt time High of $39.72 billion in August an increase ofs3.73 billion from the july level. Analysts have said that the country has seen about As much of an improvement As can be expected from higher exports and a further shrinking in the Overall deficit will not occur until imports begin to fall. The Rise in imports in August reflected identical increases of $1.1 billion for business capital goods and consume goods. Imports of foreign care were up $700 million while Oil imports Rose by$300 million to $3.7 billion. The higher foreign Oil Bill reflected a increase in volume As the average Price per barrel fell by 62 cents to is 5.15 per barrel. The higher Export sales reflected a increase of $800 million in sales of american aulos and a smaller Rise of $200 million in the category that includes farm products. By country the largest deficit a usual was with Japan an imbalance of $4,8 billion up from a july deficit ofs4.4 billion. The deficit Rose to $1.7 Bil lion with Taiwan compared to $1.2 Bil lion in july while the deficit with West pm Europe shrank to $1.4 billion Dow from $2.3 billion in july. Polish Leader talks Tough to . And Solidarity Warsaw Poland up prime minister Mieczyslaw Rakowski thursday introduced a 22-Membcr Cabinet that failed to include an opposition members and threatened a Strong hand backed by the army and police to main Tain order in Poland. In a speech to the scam or parliament Rakowski also warned his old Nemesis the out taxed Solidarity Union not to Divide the Bearskin before in has reached agreement with the government Over its future. With . Deputy Secretary of state John while head in Warsaw for a three Day visit Rakowski Hod Sharp words about the Pace of .-polish relations which had ebbed to their lowest Point in postwar history after the imposition of martial Law on dec. 13,1981, Solidarity. 20 . Students injured in schoo bus collision Schwanewede West Germany is Twenty american High school students were slightly injured thursday morning when their school bus was involved in a Maui vehicle collision. A number of the students were treated at local hospitals and released according 10 army officials. Eight students remained hospitalized for observation thursday. The 24-year-old German bus Driver was taken to a Bremen Hospital with serious head injuries a Schwanewede German police spokesman  injuries were not life threatening said spokesman Manfred Reimer. The Accident occurred at 8 . As three school buses were in route from Bremerhaven to oberholz High school on Highway b-149. The first of the buses hit the rear of a car stopped on the fog shrouded Road about a mile from autobahn 27, Reimer said. A Chain re action collision resulted after the other two buses which also carried american children could not Stop in Lime. No one on those two buses was injured. 153 people convicted in Italy of terrorist acts Rome a a court wednesday convicted153 people of charges stemming from six years of leftist terrorist crimes including the Kidnap Ping and murder of former Premier Aldo Mora. The court handed Down 26 life sentences. Defendants included top leaders of the red Bri Gades Urban gang which terrorized Italy from1977 to Early 1983 when a government crack Down began. Twenty defendants were acquitted in the trial which began june 16,1986. The trial covered crimes including murders attempted murder armed robbery and two Blanket charge in terrorist cases.  a Lulu of Atli i Vaj Jiji a 4iu h Tull Lvi  Iii Volt to the  Aji Iii Lump itt Uii Maui w n � Momiel overal fro Reagan signs i of a or overhaul of welfare system a half Century Washington a president Reagan signed under the agreement reached Afler two years of Lei thursday the first major overhaul of the nation s Wel fare system since it was created in the great de pression and said the new Law is a message of Hope to those mired in a life of dependency and destitution. But that message to welfare recipients said the president also contains a demand from the citizens who pay the Bills that you will do your share in taking responsibility for your life and for the lives of the children you bring into this  said the Best part of the new welfare plan is that it actually poses an alternative to life on  the legislation contains the most sweeping revision of the nation s principal welfare program Aid to families with dependent children since it was created in 193s. Unde after legislative struggle the government has pledged to pro vide training and support systems to destitute parents if they Lake Steps to become Independent. Each state must operate a jobs opportunities an Basic skills jobs program to educate train and find employment for the Ardc recipients. Over seven years states will be entitled to receive $6,8 billion i Federal Matching funds. The president touted the measure s work and Educa Tion requirements As Well As its provisions increasing pressure on Absentee parents to pay child support. Reagan said that under the measure those who receive Public assistance will share in the message of Hope they too will know that there is an alternative to life on  Hospital releases f-16 Pilot Hahn a West Germany is the Pilot of Anair Force f-16 that crashed wednesday on approach to Hahn is in Good condition and has been release from the base Hospital a base spokesman said thurs Day. An air Force investigating Board has been Convene to determine the cause of the crash said staff sgt Paul d. Richard. The single seat f-i6c was on a return Light  a about 40 Miles Southwest of kaisers Lautem when it crashed at 3 15 . At the Edge of the Hahn runway Richard said. Air Force officials have not  to estimate the amount of damage to the plane he said. It s too Early to Tell. The aircraft must be picked Upland moved to a hangar on base for inspection Rich Ard  s Only runway was closed immediately after the Accident. It was expected to reopen Friday Rich Ard said. The Pilot. Cant. David 1, Wilmot was hospitalized at the base Hospital and released after suffering minor injuries in the crash. He is expected to talk with Accident investigators Richard said. Wilmot 29, has flown a total of 270.5 hours in an f 16, he  s Accident was the sixth this year vol v ing air Force f-l6s in West  article yesterday gave incorrect information about the location of one of the crashes. A Ramst Einab f-16 crashed april 18 in a Field near Hermes Keil about so Miles Southwest of Frankfurt. Trump buys Eastern shuttle new York a real estate Mogul Donald Trump announced wednesday he has agreed to buy Eastern airlines profitable Northeast air shuttle fors365 million in Cash and will rename it after himself. I want to run it As a Diamond an absolute Diamond Trump proclaimed to reporters at a news conference with Texas air corp. Chairman Frank Lorenzo at the Plaza hotel in new York another recent Trump acquisition. He said the service would be renamed the Trump shuttle and its Blue Silver Boeing 727s would be re decorated and emblazoned with red Black and Gold stripes. The Deal is expected to be completed by mid de Cember if it survives government scrutiny and a Legal attack by Eastern s unions already extremely unhappy with Eastern operations since Texas air corp. Acquired the airline. Place from Page 1 they move to a place where conditions Are most attractive bringing their pathology with them and driving up the rates of divorce suicide alcoholism and in main these areas he said rates were associated with Milder climates and heal Thier economic conditions. We know that moving to a new area often appeals to people who Are having trouble in their lives and think thai a fresh Start somewhere May help them. So Piv pm. Fix 7. Ohm to b. Akk Knemo. Flu t. Tun  10, lot Ang bhang buds 11. We  Bud Boca him fun. M Fen la fit 13. Or Gnu. A. H. Ouch Micum , la. 20. How Yort 11. Homalon is. Rev is a by Uduh. Cat 23. Stems. It Lac 24. Tram wild. A. Timon arts  
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