European Stars and Stripes (Newspaper) - May 27, 1990, Darmstadt, Hesse                                Page 18 the stars and Stripe business news dollars a rally wont last experts warn this rally of the Dollar against the German Mark continues. But financial experts warn that the a Strong dollars a which hit 1.65 for service members Friday a is a temporary state of affairs. Ii inter Teich of the Bank of Boston in Frankfurt West Germany said rumours have brought the Dollar up from its near All time Low of 1.58 Marks. A the Market has been hectic and Rumor Ridden and the Dollar has benefited a but Only against the  Mary Neth he said. Quot it Hasni to favored that Well with other cd  International questions arc behind the Greenback s min surge against the Mark Teich said. Quot talk about economic reforms within the . And worry about the Cost to West Germany of monetary Union with the East have made people jittery about the Mark a he said. 1 i i of of the Midland Montagu Bank in London sees the current Market As confused. A a 1 he trend has been to look in two directions a toward the yen on one hand and toward the Mark on the other. There has been Little real interest in the Dollar. It has Only won by default a he said. I of sees no Bright future for the . Currency. A a i he savings and loan financial mess in the United Stales spells very bad news to come for the american Economy a he said. So i a i this financial mess labelled inc worst in . History has had Little Impact on the Economy. It began Hack in 1980 when Congress opened the door for  to offer higher interest rates and invest in anything they wished economists say. By 1984, he first majors amp a had collapsed. Had the government stepped in then the bailout Cost might have been Only $40 billion. Congress and the regulators did not however want to believe that the situation was so grim. Now six years later the 10-year loss has reached an estimated $250 billion a almost As much As the Cost of the Vietnam War. There a no longer an alternative. It must be repaid by the government which is already burdened by huge nudge deficits. Fox is among those who fear that attempting to do so May result in a . Recession. At Best he sees the a amp a problem As slowing Down an already sluggish Economy. There is bound to be a Long time Impact on the . Economy and certainly the situation will add to the negative course of the . Dollar Quot he said. Quot in comparison to the a amp a mess Germany a financial problems with reunification look pretty  even without any a amp a Impact none of the financial experts expects to see better than a 1.70 rate in the next three to four months. A Thal sure seems to be the key a said Julian c allow of Chase investment Bank in London Quot i done to believe the West German Federal Bank Wal allow the Dollar to Rise above that  i Here was another discouraging report last week. The . Government had to revise its figures downward for the growth of the Economy. Earlier officials thought the . Economy had grown 2.1 percent from january through Marieh instead hat rate was Only a lacklustre 1.3 percent. The downward revision was caused by a changed estimate of $8.5 billion in inventories the Commerce department said. A despite the revision . Economists see no danger of recession. There was worry however about the inflation rate. It was running at an annual Rale of 6,7 percent during the first Quarter of 1990, the worst rate since the 1982 recession. Thu slats Uiko strips at amp to rates for Brief Calls to states to drop june 18 by Chuck Vinch Washington Bureau Washington a beginning june 18, it will be cheaper for at amp to customers to make Brief phone Calls to the states. On that Date at amp to will change the Way it Bills Calls made through its Usa direct service. Instead of using a Flat rate for the first three minutes at amp to will charge a Standard service fee to use its credit card and then Bill by the minute. A so anyone making Short Calls like a in be arrived safely and everything a Fine a will save Money a said company spokesman Rick Wallerstein. A you wont have to pay the three minute rate if your Call lasts Only one or two  callers using the at amp to card will be billed a service charge of $2.50 per direct Call $5.75 for collect Calls and $6 for person to person Calls in addition to the minute Rale for the country where the Call originates. Under the new Rale system Calls from countries in Western Europe that Ofier Usa direct will Range from $1.20 to $2.17 for the first minute and 94 cents to $ 1.22 for each additional minute. Service that gives at amp to card holders in Europe Access to toll free 1-800 phone lines is a Success. The service has brought nothing but positive feedback he said even though it is not free. Callers must pay the Basic Usa direct rate to connect with a stateside operator. The new service is a something that people had been asking for for a Long time a he said. A a lot of companies can Only be reached through 800 numbers and people overseas have been shut out from dealing with those  a i can see How people would get frustrated when they see stateside magazines with ads that list Only 800 numbers and they have no Way to Call those numbers a he said. Usa direct is offered in More than 70 countries worldwide. Following is a list of Usa direct Access codes for Europe Austria 022-903-011 Belgium 11-0010 Czechoslovakia 00-420-00101 Denmark 8001-0010 Finland 9800-10010 France 19-0011 West Germany 01300010 Greece 00-800-1311 Hungary 00-36-0 111 Italy 172-1011 the Netherlands 06-022-9111 Norway 050-12011 Spain 900-99-0011 Sweden 020795-611 Switzerland 046-05-0011 United kingdom 0800-89-0011. It Ryjoi i own Perianu who to uni i United is Ngao Wallerstein also said the company a 6-month-old 0800-89-0011. Nintendo teams up with Mil to develop educational game by Randy Mcclain f financial writer if a by Randy Mcclain financial writer Frankfurt West Germany a Nintendo the giant japanese Home entertainment company mesmerizes children and parents with its High tech High priced electronic games. But the company wants to be known for More than just Good times. So earlier this month Nintendo dipped into its corporate pocket for a $3 million Grant that will be used by researchers at the Massachusetts Institute of technology to develop games that educate not just entertain. A we believe education is a very important aspect of Nintendo a said Minoru Arakawa a director of Nintendo co. Ltd. In Japan and president of Nintendo America in Seattle. A the concept of the Mit research will be that we can learn while playing a he said. Arakawa was one of several Nintendo officers in Frankfurt last week to announce the opening of Nintendo a first european subsidiary in Aschaffenbur West Germany. Nintendo also is unveiling its handheld electronic game game boy in Europe. A miniature version of the Nintendo Home entertainment system game boy allows one or two players to compete on tiny video screens using various Nintendo game cartridges. The game comes Complete with interchangeable software headphones and a Cable that allows two players to connect their games for head to head Competition. Arakawa said the Mit project will last five years and it is hoped it will deliver a marketable educational game that children will enjoy. The Ideal game would teach youngsters without making it seem As if they re sitting in a classroom Arakawa said. He believes that no one has created an electronic educational game for Home use that people really want to buy. He cited statistics showing that educational computer software turned in sales of Only $350 million last year compared with $3.5 billion for video games. A when people especially children Are confronted with a Choice Between education and entertainment they invariably pick entertainment a Arakawa said. Sceptics maintain that Nintendo is turning part of its attention to educational games because its running out of buyers for its games. The japanese firm is in 22 percent of All households in the United states and it expects to be in 29 percent by years end. In Japan the company is in 37 percent of All households and it claims a 90 percent Market share of video game sales. But Arakawa said the company Isnit turning to educational software out of desperation. A we really think Mit can come up with something interesting a he said. If anyone can succeed they can a files amps. Nintendo games education is an a important aspects of the company. If Nintendo s foray into educational game Makit goes bust though done to look for the company to she Many tears. Arakawa thinks there a still plenty of room for to sales of Home entertainment games a especially be software m the United states and now in Europe. We sal9rate the Market at some Point a i said but at this Point there is still a great