European Stars And Stripes (Newspaper) - October 17, 1988, Darmstadt, Hesse Page 6 the stars and stripes monday october 17,19b8 deficit takes big Job toll study finds Washington a the $170,3 billion Trade deficit the United states suffered last year Cost the country 5.1 million jobs in manufacturing and associated services according to a study re leased saturday by a labor backed re search Institute. The economic policy Institute sought to determine How Many jobs would have been created if the record Trade deficit had been eliminated and imports and exports had been in balance. The report concluded that 5.1 million jobs were lost because Trade was not in balance with 3.1 million of the Csc jobs in a nurturing and the other 2 million unrelated industries such As business serv ices. The study said the Job losses were spread evenly around the country with 1.43 million in use West 1.38 million in the Midwest. 1.2" million in the North East and 1.04 million in the South. These calculations make it Clear that jobs in every Region of America Are being destroyed Anil potential jobs not being created because of our failure to close the Trade deficit said Jolt Faun president of the Institute. But Robert Ortner Commerce department undersecretary for economic affairs said the study failed to Lake into account the fact that Many workers who have lost jobs to foreign Competition have found work elsewhere. He said the most recent monthly employment report showed there Are Only 6.6 million people currently listed Asun employed. Thus if the Trade deficit were eliminated it would wipe out virtually All joblessness in the United states Ort or said. Saying that 5.1 million people have lost jobs because of the Trade deficit is a mindless arithmetic calculation that does t have economic Content he said adding that obviously Many of these people have gone Back to but Lawrence Mishel. Research director for the Institute defended the assumptions used in the study which was prepared for the Institute by new York University s Institute for economic analysis. He said the results were consistent with other assessments of the Impact of the Trade deficit which were done for the . International Trade commission and the congressional office of technology assessment. He said the labor department s unemployment statistics understate the Job less figures because they do not adequately track the number of people who have Given up looking for work or who Are working at part Lime jobs but would rather have full Lime employment. Mishel said the Institute s study used an input output Model to Analyse the Trade data. For example for each Bushel of Grain exported the Model computes not Only the requirements for farm equipment bul also the amount of steel absorbed by the agricultural equipment manufacturer As Well As More indirect requirements such As the Iron Ore and electrical Power necessary to produce the steet. The . Trade deficit is expected to decline this year by almost $40 billion. For the first eight months of the year the Trade deficit has been tuning at an an Nual rate of $135 billion while the Institute did not attempt to calculate How Many jobs had been gained so far this year with the Trade deficit declining the labor department has reported that manufacturing employ ment has increased by 303,000 jobs since the beginning of the year. The Institute s study examined the Dif Ferent regions of the country to deter mine what jobs could be gained if the 1987 Trade deficit was eliminated with half the deficit reduction coming from arise in exports and half of the gain com ing from a decline in imports. This was the regional breakdown the study gave for the benefits from eliminating the Trade deficit Midwest the Region would gain 735,800 jobs from greater exports and 647,300 jobs from lower imports. The biggest gains would come in machinery Ano electronic products. Northeast the Region would gain 6rfi,60q jobs from higher exports and 60i.soo jobs from lower imports. The biggest gains would come in machinery and electronics. South the Region would gain 536,100 Export related jobs and 510,200 Job from reducing imports. The largest concentration of jobs lost to imports was insight manufacturing primarily textile and apparel jobs. West the Region would gain 779,500 Export related jobs and 647,300 jobs from lower imports. Most of the jobs lost to import Competition were in Machin Ery electronics and business services. Boston elephant party when the elephants come marching in the traffic must come to a halt that was the lesson that was Learned by Drivers in Boston on wednesday when this troupe of elephants marching trunk to Tail made its Way from a train to Boston Garden by Way of sorrow drive. The elephants were heading to the Garden to perform in the tingling brits and Barnum & Bailey circus. 300 take flying leaps off Bridge fayettev1lle, . A Lukas Knutsson climbed the railing saturday morning of the highest Ridge in the Eastern United Stales As thousands of people gathered around. A few seconds later he jumped Knutsson from Cambridge England was one of the More than 300 parachutists from around the world who leaped from the new River Gorge Bridge during the ninth annual Bridge Day. This is a totally unique sport Knutsson said shortly after his first jump from the 876-foot Bridge. It s the closest a Man can get to flying. The second i was off it was Beautiful. The More i jump the More i can appreciate it. I m going to jump As Many times As i slate police reroute the two northbound lanes . 19 one Day each year and let pedestrians crowd onto the Highway o watch As adventurers leap and Rappel from North America s second highest Bridge about 40 Miles Southeast of Charleston. The National Park service said 150,000 showed up to watch saturday s show which was marred last year by a the death of a jumper. Steven Gyrsting 25, of Paoli pa., died after an eight second free fall into rocks alongside the new River Gorge Bridge. Few were deterred saturday and police reported no serious injuries. About 600 jumps were made. The parachutists for a Small Beach but some end up Landing in the water. Gerard Tobin of Baltimore md., was forced to Wail for his jump on the Bridge s rail while a train passed below. After his jump he said the five minute wait added to his nervousness. Damn straight it scares you said Tobin who was attending his fourth Bridge Day. Death goes through your mind. It scares you and makes you think about stateside California moves to Stop dumping down1 of texts Monterey Calif. A California s Board of education has moved to reverse the dumping Down of student textbooks and recapture the magic of read ing. The 11-member Board has approved 25 children s books that educators said will replace stultifying for Mula dictated texts with literature and classics of Rich Ness and diversity. Critics pointed to the dumping Down of Little red Riding Hood by one textbook apparently still in use. The passage has Little red repeating to exhaustion the fact that she has some apples. Earlier the Board rejected science texts lacking de tailed explanations of evolution and math books that neglected the basics of problem solving in favor of Rote skills. Pyjamas become Lifesaver for boy after fall into canal Miramar Fla. A a 2-year-old boy who climbed from his crib walked outside and fell into a canal was kept from drowning when his pyjamas trapped air and kept his face Bobbing above water. His Mother heard the screams and pulled Albert Joseph out with help from the family dog a mixed Breed named lady who also jumped into the water said the boy s grandmother . Dunn Dunn said the boy s Mother Patricia was sleeping when the child woke up about 8 . Friday and plunged into the unfenced canal which is up to 15 feet deep. Grateful patient gives $ 17 million to med school Chicago a Reuben Fin Borg thanked the doctors who saved his life through heart surgery by giving $17 million to the Northwestern University medical school. Feinberg whose father Joseph died of heart Dis ease is donating the Money to establish a cardiovascular research Center. The donation from the Joseph and Bessie Fin Borg foundation in Chicago is the third largest gift Ever made to the school said University president Arnold r. Weber. Fin Borg said he first approached medical school doctors about making a major donation while recovering from heart surgery last year at Northwestern University memorial Hospital. Feinberg 70, is president and director of the Jeffer son state Dank in Chicago
