European Stars and Stripes (Newspaper) - May 14, 1990, Darmstadt, Hesse Today a crossword Page 20 a a the stars and stripes monday May 14, 1990 s. California feeling tremors of cuts in defense budget los Angeles apr cuts in the defense budget Are beginning to Send tremors through Southern California. Layoffs announced recently by two contractors were the latest blows to one of the economic engines of the Region. Mcdonnell Douglas announced it would he laying off 1.000 workers this summer. It had announced last month that 3,000 mostly White Collar jobs would be lost in the Douglas aircraft co. Division which lost $<s4 million last Quarter. Lockheed also announced it would move its Burbank aeronaut european weather rut monday nullify Cloudy Edh Eaily morning fog. .1 Walt midday la showers and isolated plunder my Fly wrung Hegji tempera lure t. So 57 North 64 i on i it Iowa 43 46 Sun sol monday 9 04. Sunrise id but Laos Fin tuesday continued a Molly Cloudy Zmudy with Early new mme log and at i i isolated hum lib in Khiv High temper r b 0 c sew he Low 4/ 49 in in surd in 4.tm 4i n 4,111 4pm it a s3 80 copy Itingen l. 50 59v .1&Quot a 50 59 Fia mud r 43 64 Ann. 63 6b London i 46 63 it i 57 75 Madrid r 50 64 1. A a a65 6b Munich 16 46 63 1u.&Quot m 50 54 Pam n 50 64 it. It 60 65 flume in 57 55 i Quot in tin 13 2nd weather Wii i 1 r. A. kin.1 s High t of High l Low l a a 1 90 63 Montreal r 57 41 1in 46 Moscow r 54 36 1.,.a 57 34 Oslo i 61 45 a a 1 a a 68 50 Toronto r 54 39 a 68 57 Vanni Voi t 59 46 by the a>.sniu.i1t d press i in h lug r the than tics unit to Georgia eliminating 4,500 jobs in Southern California by the mid-1990s. Any new jobs would be moved to other parts of the country the company said. Lockheed said the move will save $75 million a year and is necessary to compete for dwindling government contract work. Aerospace firms vital to the area since world War ii will continue to move out of state because of the High Cost of living the worsening environment and continued defense cuts analysts said. The nations six leading spacecraft producers Are based in California. Experts have predicted that statewide aerospace employment will fall from 361,000 in 1989 to 316,000 in 1992, according to a March report by the Urcla business forecasting project. David Hensley a Urcla economist said that the Job figure will probably fall even More. State attorney general John Van de Kamp a democratic gubernatorial candidate called for the Federal government to invest $4 billion a year in a peace dividends in California to help offset defense cuts. A the . Defense budget is crumbling faster than the Berlin Wall a Van de Kamp said in a speech to the world affairs Council in los Angeles. A a we Are feeling the first faint tremors in most economists believe the states $700 billion Economy is so diversified that even the aerospace woes can to trigger a regional recession such As that experienced in the late 1980s in the Oil states. Conversion rates London up a fridays closing rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $369 00 an ounce Silver at s5.q8. British Pound. German Mark. French trans. Dutch Guilder. Belgian trans. Italian lira. Swiss trans. Greek drachma. Turkish lira. Spanish peseta. Portuguese escudo. Canadian Dollar austrian Schilling. Norwegian Krone. Danish Krone. May 10 May 11 t.6735 1.6805 .1.6395 1.6300. 5.5236 55340 .1.8405 1.8392 .33.95 33.90 1.205.00 1.206.50 .1.3990 1.3925 .161.75 161.65 2,528.68 2.527.62 .102.90 103.10 145 50 145.40 .1.1663 1.1772 11 535 11.505 .6.4065 6.3940 6.253 6 257 these Are unofficial Rales As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.60 monday based on fridays noontime Price fixing. Us. Temperate tires Hilo Hilo Ahri i Len buy 65 5? Cleveland i 56 52 a firt n v i 65 47 Colorado spas u 60 41 a Fujii 1 76 47 col in n b i a s c c 83 61 a ii 76 49 Colum tvs a 82 63 a h Fil in i 55 43 cult mems him c 60 56 r 8? 60 h 1 69 45 a i a a. 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