European Stars and Stripes (Newspaper) - June 10, 1990, Darmstadt, Hesse                                Page 18 a the stars and stripes business news Exxon says Alaska coast recovering but environmentalists dispute claim Anchorage Alaska up a Exxon declared alaskans coastline is recovering quickly from the nations largest Oil spill but environmental leaders returned from Louring beaches to condemn Exxon in Strong language for leaving a a cleaned beaches oily. A what amazed me was you just flip Over a Rock and there s Oil a Singer John Denver said angrily after stepping off a helicopter late last week with state and private envy the company has spent on the March 24, 1989, spill. The cleanup is now in its second year. Denver said Exxon had removed most surface Oil giving beaches an appearance of being clean. But he said one Beach was dirtier than when he saw it last year and on others a if you dig Down a few inches there soil  while Denver and environmentalists were following state officials around to beaches hit by last years 11-million-gallon Exxon Valdez Oil spill Exxon was releasing reports from scientists it hired. The experts said a recovery is Well under Way on even the most severely impacted  the British researchers Jenifer Baker Robert Clark and Paul Kingston said that a the Overall Impact of the Oil spill on the environment in Prince William sound and Gulf of Alaska is Likely to be  they said they found Little Oil and abundant Plant and animal life. Exxon presented the team and its findings to a meeting with coast guard and Federal officials working on the spill. The meeting was held while state scientists and environmental officials were in Prince William sound. The Exxon findings were based on a afield observations a not scientific study said Gary Hayden a state department of environmental conservation official. He dismissed the findings As a a insulting coming from a somebody flying in from great Britain looking around and declaring everything of. Dennis Kelso the dec commissioner said the reports appeared to be based on Public relations not science. Exxon spokesman Karsten Rodvik acknowledged that the optimistic reports were based on observations and impressions not scientific studies but said they came from experienced Oil spill researchers a who look at this through different eyes and have a More valid assessment than observers like John Denver state officials or environmentalists. Denver said he believed Exxon was trying to deceive the american Public. A i done to Trust Exxon a he added. A i done to believe a thing they  Jay hair president of the National wildlife federation the country a largest conservation group said the oily goo and Grimy Black rocks he picked up on beaches ought to be enough to refute Exxon a findings. Hair pulled out a Rock clean on one Side oily on the other and called the cleanup a superficial  hair said Exxon chairman Lawrence raw earlier in the Day had turned Down an invitation by hair to privately tour the beaches together. A the reason he a not coming a hair said a a l cause he a going to see what we saw and the on i e amount of work left to  enormous if Rawl had visited beaches with them Denver Sain he would be humiliated and embarrassed ssi much Oil remains. Hair and John Adams director of the natural up source defense Council said the attitude of raw a his company made them even More intent on sively pursuing the $1 billion lawsuit their Mrouki against Exxon in . District court after the sni 1 the suit seeks a fund to restore the environment if what they saw was on the beaches of California Massachusetts or Kennebunkport Maine a a in Dot a ii would be news every Day in America until it a cleaned up a Denver said. As the remoteness of Alaska beaches has put the spill out of mind and Given Exxon the Chance to a pull the Wool Over the eyes of the american Public a Denver said a a in a taking a hard line against Exxon a Denver said explaining that he was making his third trip to oily shores because a i need to Back it up with hard  to to talk 311 1 sins about it All Over the world Denver said before leaving Alaska for a Friday night concert in los Angeles. Denver also said his Prince William sound visit included a Stop in the tiny native Village of Cienega a inhabited by aleuts who depend on Hunting and fishing for survival and fear for their future after the spill a where he complied with a request to sing a Rocky Mountain High Quot $1.58 billion spent to prop yen against Buck Mhz Vad v / am to. New York apr the government spent $1.58 billion trying to hold Down the dollars Rise against the japanese yen from february through april the Federal Reserve reported. Still the Dollar increased 10 percent against the yen during the period the . Central Bank said in its quarterly report to Congress. The Rise began to subside Only when currency traders started to believe japanese interest rates did not need to climb further and when Japan a Slock and Bond markets became More settled the fed said. The government used $200 million to buy West German Marks to bring its total currency Market intervention for the period to $1.78 billion. The Dollar declined Jess than 0.5 percent against the Mark in the three months. In the previous three months the government spent $750 million intervening in currency markets All of it to buy yen. Although purchases More than doubled in the latest Quarter it was a far far lower than previous periods last year said Sam a Cross a fed executive vice president who released the report at a press conference. Die government spent a record $11.92 billion in the foreign Exchange Market during the three months ended july 31 and $5,871 billion in the August october period. In the latest period the Dollar saw its steepest climb against the yen from late february through Early april. The climb subsided As the Market awaited the april 7 meeting of financial officials from governments of the worlds seven leading Industrial nations the fed said. Also in april Market participants came to View the Bank of Japan a i percent increase in the discount rate As being sufficient to Stop the yen a slide. The yen a weakness against the Dollar helped trigger a slide of More than 25 percent on the Tokyo Stock Market Early this year. The Dollar was at its Low of the period on feb. 19 at 143.6 yen. But the Dollar began to rally after election victories for Japan a Liberal democratic party and predictions of higher interest rates elsewhere in the world. Also the Dollar strengthened against the Mark amid fears of inflation resulting from the pending currency Union Between East and West Germany. The Dollar reached 1.7237 Marks on March 1. Between March 5 and March 27, the Treasury sold $830 million to buy yen and $200 million was sold for Marks. The purchases were made by the . Treasury As the fed temporarily put its intervention program on hold. The fed and Treasury normally split he funds used for intervention. The temporary halt came after some fed officials said they were concerned that High amounts of purchases like those in 1989 could cause doubts about the feds commitment to curbing inflation according to the report. The governments currency intervention exacerbate inflation by increase the Supply of  to choose the right gift for dad on his special  and stripes offers you an outstanding selection of books a discounted 25% off or More a from which to choose just the right gift for dad on his special Day. You can find a Book that a perfect for his interests like exotic cars fishing or Fine wines or you can give him a special message of love with a Book like i love you  just the right gift for dad a at your stars and stripes shopping Center Bookstore a today. I love you dad  of poems. Polls Schutz regular Price $5.95 our Price $4.45