European Stars and Stripes (Newspaper) - September 12, 1989, Darmstadt, Hesse                                The stars and stripes tuesday. September 12,1989 Effort of control Dollar in shambles expert warns of perilous deficits Down the Road ",  i � it no ctn Fiu  a name Tii Ooi Washington a the Effort by the United states and other top Industrial countries to stabilize the value of the Dollar has broken Down increasing the risk of higher . Trade deficits in future years economists at a Washington research Institute said monday. The coordination process is in shambles said c. Fred Borg Stan director of the Institute for International economics. See currency rates. Page 20. He said the Effort launched by the United states and the governments of Japan West Germany Britain France Canada and Italy had failed to keep the Dollar from rising this year above the upper targets set by the world s richest Industrial countries. That will spell trouble Down the Road As american exporters find that the higher value of the Dollar makes it More difficult to sell their goods abroad Bergsten said at a news conference. He forecast that the . Trade deficit which improved dramatically in 1988, will begin rising again by 1990, further worsening the country s position As the world s largest debtor nation. The Institute monday released a new Book Dollar politics Exchange rate policymaking in the United states which called for increased emphasis by the makers of . Policy both in the executive Branch and in Congress on the Dollar s proper level on foreign currency markets. In May and june the Dollar shattered its upper limit against the yen 140 yen to one Dollar and the Mark 1.90-1.92 Marks to one Dollar rising above 150 and 2.00, respectively to a 2 a year High wrote . Destler and c. Randall Henning the authors of the new study. Destler is professor in the school of Public affairs at the University of Maryland and Henning is a research associate at the Institute a private study group with financing from the United Stales and other countries. The Price of the Dollar is important because of its effect on Trade. A Low Dollar makes . Goods cheap encouraging exports and discouraging imports. A Rise in the Dollar has the opposite effect. Governments including the Bush administration agree that this country buys far too much in compari son with what it Sells. The resulting Trade deficit has made the United states the world s biggest debtor nation. On Friday the Price of the Dollar was above 146 yen and 1.99 Marks despite efforts to keep it Down. One report said the Central Banks of 10 countries had Bee Selling dollars in an unsuccessful attempt to keep their Price Down. A 1985 agreement to work together on the Price of the Dollar and other currencies was made by Secretary of state James a. Baker Iii then Secretary of the Treasury and his counterparts from Japan West Germany Britain France Italy and Canada. They have never published their targets for the Dol Lar s Price. The upper limits named by Destler and hening arc often cited by unofficial experts. The two authors complained that . Exchange rate policy is made by a Small group of senior officials and should be More closely coordinated with broader eco nomic policies and private business. They proposed setting up new committees in con Gress to watch the Dollar s Price a private sector group to advise Treasury Secretary Nicholas f. Brady and More involvement by other government agencies. Szuc fens have incentive to hold jobs Nof study top . Educator says Washington a american students have Little incentive to achieve Good grades As Many Are lured into Low paying jobs to earn Money for designer clothes touted by television advertisers the head of the nation s largest school administrator group said monday. Scott Thomson executive director of the National association of secondary school principals examined the learning conditions in America and compared them with those in South Korea and West Germany. Concluding that american society does t measure up Thomson prepared a National report card in the october Issue of the association s journal that awarded South Korea an a minus and West Germany a a plus. The United slates received a a plus. Thomson pointed to a 1988 North Carolina Survey that found half of the High school juniors were working with of percent of those students holding jobs that require working 20 hours or More a week. In South Korea he said students Sim ply do not hold jobs while attending  in West Germany students through All 13 years of schooling Are not employed in the Job Market except per haps informally in family  to their International counterparts most american students not Only have fewer incentives to achieve Good grades they also have More incentives to hold jobs during the school week Thomson said in the article. A High demand for cheap labor and Premium on teen age consumption lure students into the Job Market said Thomson who examined five Broad categories that researchers say consistently affect  for television Thomson said 71 percent of 13-year-old korean students consistently watch science programs while Only 37 percent of americans of similar age watch science programs the lowest of any group studied in an inter National assessment of math and science schooling. Thomson said the Market analysis firm teenage research unlimited found that television s focus on the teen age consumer Market has now dropped from age 18 to 15 because the typical High school student has nearly $60 a week in spending Money from jobs and allowances. Brand loyalties Are established at an . Graduation rates in percent graduating from High school mass. Chicago Tribune graphic source . Department of education Early age hence the hard sell to  american television Industry tends to View children and youth As consumer rather than As learners he said. The pressure on students to consume May soon extend to the so awol classroom As Well said Thomson. Whittle communications a subsidiary of time life pub Lishing corp., is offering schools a daily 10-minute news show with two minutes of advertising in return for an offer of free television monitors. America received a d for prevalence of illegal drugs and a b for the percentage of Gross National product devoted to pub Lic education place of schooling m family value Structure and the percentage of families below the poverty line. The Only a for America was in the percentage of youths age 16 in school. Lair Yukil u of wait a  �. Colombian failed without Bond after innocent plea i u us. A it the in outrage disagreed. It is Well rec jul Atlanta a the reputed finance chief of the my Dullin cocaine Cartel pleaded innocent to a charge of Money laundering monday and was jailed without Bond after prosecutors argued he might flee the coun try no matter How High his bail. Eduardo Martinez Romero the first of Colombi a s extraditable brought to the United states for trial entered the plea before . Magistrate Joel m. Feldman. Martinez 36, was extradited under heavy guard on thursday. Martinez is accused of helping launder $1.2 billion in drug profits through . Banks for the Medellim Cartel which is believed to Supply 80 percent of the cocaine in the United Stales. It is based m the colom Bian City of my Dullin. He is the first suspect extradited to the United Stales in a drug crackdown begun in Colombia last month. Martinez is among the so called extra tables a list of drug figures wanted m the United states. Martina could receive 30 years in prison under colombian Law or life under . Law. Defense attorney de Garland said it is not Clear which Law applies. The magistrate monday agreed with assistant . Attorney Wilmer Parker Iii that Martinez might flee if freed on  is hardly the Only country in the world where or. Martinez could live and live quite Comfort ably with the millions of dollars to which he has a Cess the prosecutor said. Parker noted that Martinez escaped an arrest at capt in Panama m March shortly after his indictment. Garland and co counsel Oscar Rodriguez of Miami told the magistrate their client has a graduate degree in marketing from a colombian University has been mar ried 15 years has four children and has held legitimate jobs at Medellin Banks. He has never come to inc United Stales other Ian to bring his children to Disney world on a vacation Rodriguez said. Garland asked the magistrate to put Martinez under a form of House arrest. He argued also that Martinez was accused Only of laundering drug Money a Finan Cial transaction not serious enough to keep him with out bail. But e magistrate. T Well recognized that Money is what oils the machine that allows these unlawful activities such As cocaine distributing. To go on he said. It is a very serious offence. Rodriguez said Martinez is being held in solitary confinement at an undisclosed location. The hearing was postponed to monday after Martinez said last week that he Speaks Only Spanish and did not fully understand the charges. Weldon Kennedy agent in charge of the Fri office in Atlanta has said agents Are on an increased state of Alert against any retaliation from the Cartel. Latina Erica drug Barons have earned out bombings and shootings in Colombia in recent weeks. Drug traffickers Are said to fear extradition to the United states because they believe they will not be Able to escape conviction and prison. Martinez was indicted in March As a result of a 2 a year investigation dubbed operation Polar Cap. The investigation resulted in charges against 127 people and two latin american Banks. Martinez is reputed to be the Cartel s coordinator of a Complex competitive business that has laundered at least $ 15 billion