European Stars And Stripes (Newspaper) - October 20, 1988, Darmstadt, Hesse Thursday october 20, 19bs the stars and stripes Pareja 3 French economist inspired by . Wins Nobel prize Stockholm Sweden a a French professor whose visit to the United states during inc depression sparked his interest in economics won inc Nobel me Morial prize in economic science on tuesday. The Royal swedish Academy of sciences said Mau Rice Allais 77, won inc award for his pioneering contributions to the theory of markets and efficient utilization of Allais told reporters at his suburban Paris Home that the award was mind my motivation when 1 was Young was an idea of being Able to improve the conditions of life to try to find a remedy to Many of the problems facing the world he said. Thai s what led me into economics i saw Ilas away of helping Allais was the first French economist to win the coveted award since in was created in 1968 by the Central Bank of Sweden As a memorial to Alfred Nobel who established tie five Nobel prizes in his will. Americans have won 15 of the 25 awards handed out and four winners were British. Allais did his economic research at the Ecol National sup Rieur Des mines de Paris the Academy said. Although his work is Little known outside France the economics prize last year Norcro Allais is the most prominent figure in Modem eco Aline Aalto Del showing How technology and other Lac nomic research in France As regards Basic theory and tors Urf Turnce economic growth applications to Public sector planning the 300-Mcm a Flais joins three drug researchers from the United bar Academy said in a statement atc5 and Britain who Pecac 1988 Nobel laureates Jacques Levy director of the Ecol Nazionale Des on monday for discoveries leading to medications for mines one of France s most prestigious institutions a heart disease Al is and other deadly illnesses. Higher education said Allais was the Mentor for of m a i " to winery on involved in the Economy in postwar of a acc Between 1945 and 1968." he worked on a system of do Fidilio Allais training was As an Engineer. But in the 1930s,he visited the United slates during the depression seeing factories idled and people unemployed. This is what sparked him to consecrate his life to economics Levy said. The Academy said Allais greatest contributions came in the 1940s with his work on Market Equi Sibri us and efficiency. He published works in 1943 and 1947 detailing provided guidelines for using prices in monopolies Sod for Public sector planning. The son of a or Reese store owner Allais was bom in.1911 in Paris. He Isar Lofessor of the Center for eos nomic analysis at the dec Tot National mines. A. Of this works include and Chance the general theory of we Illus and third world at the Allais who has served in Frt Fth governments a several positions and was Nanaeto an officer of the legion of Honor in 1977, als wot about history an physics. A he graduated at in lop of his class from inj33 and then attended inc Ecol National super re Des mines until 1936. Robert my Low of the Massachusetts Institute of Mil rect i t f prices action at it which would permit the Economy to Best Levy said. His theories arc based on a free Najaf Kel Economy the Medicine prize went to Gertrude b. Elion 70,and George h. Hilchings 83, for identifying differences in the processing of genetic materials in Norma cells and cancer cells protozoa bacteria and viruses. They shared the prize with James w. Black of Brit Ain who discovered Beta blockers the key to devel Oping medicines that Calm the body control blood. Maurice Allis pressure and it fatalities in heart attack Vic Tims. On wednesday inc Ponz Ken physics and chemistry will be announced closing that is of laureates for this year. The . Peacekeeping farces was awarded the peace prize sept. 29 by the norwegian n3blcommil Lee in Oslo. The literature prize was won by novelist Naguib Mahfauz. The prizes carry a Cash award of 2.5 million Kronor about $390,000 at today s Exchange Rale. The prizes will be distributed dec. 10 in Stockholm except the Nobel peace prize which is Given the same Day in Oslo. In 1896, Nob bequeathed his Fortune from the invention of dynamite to Reward scientific breakthroughs activities for peace and literature of an idealistic Banks from Page 1 \ room where they re Busy filing away customers checks and to put Theip into the Teller windows where they can help reduce out. Unbelievably Long lines said Yvonne Wise Public affairs manager at merchants Headquarters in Frankfurt. "-.,at inc heart of the disagreement Between Downham and Wise is the worldwide implementation of a new defense department policy Callig for what will be known As Check the program which starts in Germany and later will go to Whir parts of inc Globe where . Military personnel serve is designedly Cut Down on unnecessary paper work and improve banking services. So far however the program is proving to be a Tough sell. Nas far As i m concerned Check safekeeping Evans an added expense to me to get the checks that been keeping for myself free of charge said e Ham who has circulated a petition at her school Asnithe defense department and merchants to scrap program. ,.e_about 50 teachers have signed the petition Al wies Baden Middle school and Downham said teachers another schools in Germany also arc passing around petitions. We re circulating the petitions least they know everyone in t Happy with the changes she make Check safekeeping work merchants is in stalling an automated microfilming Ysl a at its head quarters. Once the program gets underway both sides of checks will be microfilmed in duplicate and the copies will be stored at separate locations in Frankfurt and the United slates. Checks will be kept for just 90days, but the copies will be Kepi a minimum of seven said the Bank l automated equipment will be Able to retrieve any Check and make a hard copy print of it on request. The1 Bank is promising to deliver co pies within 72 j. Sch Ridler merchants general manager in Europe said Hrco Pecos most requests for copies to Beho nored the Riet business Day. Seventy two hours is our worst Case goal he customer s name inc Check number the amount for which the Check was written and the it was written Are All bits of will make it easier for merchants to copy the nth Check Schindler said. Jfi1 merchants and Dod officials acknowledge the have received numerous complaints about the pro posed program but maintain aptly of he complaints Are the result of misinformation about How it will work. Customers believe it Jall Lake an inordinate length of time to get copies of checks they Don t like having to pay the ii fee Coffey say the checks they write arc personal the Bank does l have inc right to hold onto Chiari behind scr jew Over says the Bottom line is that it safer for the Bank to hold cancelled checks than it is for customer do it so whole lot safer for t be Bank to have my i Craf Wied checks when the internal Revenue service turnaround and audits me six years from now he i find it hard to understand How people can Trust Bank with their Money but they re afraid to Trust the Bank with their cancelled checks said Rose m. , manager of the Branch atthe97lharmy Gener Hospital in Frankfurt one of 128 merchants . Said she believes some customers arc against Check safekeeping simply out of habit. They be been gelling cancelled checks for years and hey want to keep gelling the whether they Ever look at them or not. Check same Ping has been tested at two ban branches in Gomany and at two american express branches in Thel hinted kingdom. The department of defense reports Folly four requests per month for can celeb checks from customers in the u.k., and Wise said the Gentian test branches have averaged just three requests per month. Many Banks in the unwind Stales including Mer chants in its Domestic operations also have gone Tocheck safekeeping As a Way to by operating costs. Wise said. Wise said merchants and doll plan Fin aggressive radio television and newspaper Campaign beginning in november to sell customers on the Viea that Check safekeeping will be Good for them."1 can relate to customers fears in said but Well try to answer those Wise said the ads will explain the process of copying checks and will stress the safety of having microfilmed records stored in two locations in the event of a fire or natural disaster. Well take a comfortable conversational approach she said. Odds Are Mary Downham won t be swayed by the sales pitch. My cancelled checks arc my proof of Pur Chase in Many cases she said. I would t mind if theban offered Check safekeeping As an option but in should t be something said she thinks the defense department is taking advantage of ils position As inc Only Bank i town for . . To can t take my business and walk Down the sir Colto a competitor like i could in the Stales Downham said. I really Don t have a at least 100 dead in Jet crash in India new Delhi India a an Indian airline jetliner with 135 people on Board crashed wednesday and exploded in Central India the airline said. At least100 people died authorities said. The Indian airlines Jet slammed to the ground at7 40 . On its final approach to Ahmadabad Airport about 300 mites Southwest of new Delhi according to capt. . Rao operations manager of Indian airlines in Boeing 737, flying to Nabod from Bombay with 129 passengers and a Crew of six crashed at tempting to land and exploded in flames,.an airline spokeswoman said the plane was attempting to land in heavy Ahmadabad Airport controller said the Jet started ils final approach when it went Down in a Industrial area about one minute before Landing. The plane exploded on Impact said Hie controller speaking on condition of anonymity. Five survivors were taken to hospitals he did nol know rimmed idally what caused the crash except that the plane was attempting to Landin poor weal her. Ahmadabad is about 220 Miles from inc Pakistan order in Gujarat slate. The aircraft acquired in 1971, is one of the oldest Misc airline s Fleet
