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Publication: European Stars and Stripes Sunday, September 30, 1990

You are currently viewing page 14 of: European Stars and Stripes Sunday, September 30, 1990

    European Stars and Stripes (Newspaper) - September 30, 1990, Darmstadt, Hesse                                Pago 14 the stars and stripes sunday september 30, 1990 test available cop business news 7 countries top income Levels of americans was i inc i on a six of a urn Cim cum Liu Quot in4  Chr average its. In Ltd u r 11 a <4  la i Pinair online a a world  . 1 i v i a. I a a i i it i la sri ii Alt. In of new Headquarters building for commissaries nears finish i �.in.,  1 t i a i l. Anti a Timi 1 i la do in in  p.t11 id i in ii s. In ily y a i it a Sis. A ii. A a i i in i 1 .11. I a i i. A 11 a 1 111 1 i i 11i i i a a a a i u i. 11 ill ims an in. Tai l Lull ill Rill of i lie Dill twin e was do in the Low value of thu Dollar on  pm Langes a a ilk i Kiesman said. It tiler la Elurs Al Velm a Ike Vii acc  Tower i ices in the i Iniko a slates Ilian in Japan Lor example additionally i lie average american enjoys Moie living space doves a Kipper car and eats a lot More meal Alliati tin ave Iago japanese Al tile Luil Lom no the list were Ethiopia and Tanzania where the a crat c citizen earned just $117 in i my. The t report said average income declined for Dill million i uple m .1 Alcan half of them in  Mina h Seal in -ue.-, urn not com Ity Janet  Washington Buri ii Washington a t he final touches Are being made to a building at port Lee va., that has been chosen to House the new  commissary Agency Lic adquary teis on monday the Agency will begin overseeing the gradual consolidation of the four military services  systems a process due to be comr Lelend by Ock 1 mail Keti Perrote to m y Apt Kasoian it in anally Tlle aim a i Roop  a. No. 1 i Ltd to ii Iii into ii a a \,4y Cun sink d Buttig Al i o t . �?T1 be z Ovid May still do Ilia ill i Cor i  Agency will eventually be absorbed Inlo the . Lat ii i Ini  out fit.  to he absorbed will be. The Navy resale and services support office on Staton Island . The air Force commissary service Al Kelly Alt Texas and the Marine corps commissary system in Washington , those of i ices will be closed after die systems arc consolidated. The consolidation of he services commissary had Miar ters will mean cuts of 1,709 civilian positions Over the next year. A the existing staff will compete for positions in Ilac new a Poncy a Perrote said. A your goal is to not let anybody lose a Job and with the hiring freeze and Oiler natural reductions few people  where possible under existing personnel rules to a. Fers to Otner commissary locations will be offered to affected workers he said. The locations selected for the Agency a regional him quarters in he United states Are Tidewater a. K a apr Texas Maxwell afi3, Ala. Fort Meade  Lewis Wash. And in Southern California. A decision is still pending on which site in w e a Many will be used to manage european opera am., 11 lie said. A a the Choice will be Between Lam slain at. We Ibert Koi a he said. The decision will be made in near future. One official report found that tire Pentagon could a. A $133 million a year in operations and maintenance in d after consolidation without affecting product prices. The Pentagon also will realize a one time savings of Between $300 million and $400 million through streamlined inventory purchasing procedures the report said. The services 417 commissaries including 150 overseas account for sales of More than $5 billion a year. In if a i it v tic  i v in c m about a i 11111 Ami ican Quinti is and almost As a limit in i us d Bun or the mid i. I it   in an die 1 i i and Noi the a Nova. No. V 11 h v less i he study Loire a to gurus for i i7-1 j Urie an Init cum instil Over the fat nos As a w Linle. About 7.4 billion people lived in countries where incomes were growing. They included the world s two most populous countries China and India. In China lie average Rose to $360 from the previous years $330, and the incr Itse in India was i rom $340 to $350. I however More than half the worlds population a 2.0 billion people a lived in countries where the average income was less than $500. The Bank said there was a close relationship Between incomes and other measures of living standards noting that in those poorer countries Only about 56 percent of the people know How to read. About 830 million people lived in countries where the average income was higher than $6,000 and their literacy rate was Over 95 percent. Retailers worried by drop w. A plication by Chris he rust cos news service Atlanta a a some big retailers Are worried about a accent trend applications for new credit cards have slowed recently and some people who already hold cards Are paying off their debt faster than usual. The underlying reason according to credit executives attending a National retail federation conference is that Consumers Are hunkering Down for hard times. A it is getting harder to Market new cards a said Ted l. Spurlock senior vice president and director of financial services for pc Penney co. In recent years retail chains offering their own credit cards to Consumers have been losing customers to Banks peddling visa cards and Mastercard but some retailers have also begun noticing an Overall decline in credit card applications. They attribute it to growing consumer caution especially since the aug. 2 iraqi invasion of Kuwait sent Gas prices soaring. A the Confidence level is not there right now a Spurlock said. Ralph e. Spurgin who Heads the limited  credit services said the company has noticed an increase in the number of cardholders paying off their Bills. The move suggests that people want to be free of debt in Case the Economy worsens he said. No one is predicting that Consumers in Masse will Cut their plastic cards into Little bits. But a slowdown in credit card use could Hurt retailers. Shoppers typically spend twice As much when they use credit instead of paying in Cash. Once prudent Consumers pay off credit card debt retailers expect to see higher delinquency rates among the remaining cardholders adds John v. Skinner who Heads financial services for the Zale corp., one of the nations largest jewelry store chains. Already some retailers Are reporting trouble collecting credit card debt said Bill Thompson Southeastern sales manager for financial collection agencies. A a lot of our retail clients Are seeing an increase in their bad debt a he said. A but they Are not seeing a proportionate increase in the amount of bad debt they Are  co Luck o h co o o cd co Iii q. Cd h co a z it co cult stars and stripes bookstores stars and stripes bookstores new Cook Book co a if you like cooking you la love this Book the better Homes and gardens new Cook Book is designed with you the Cook of the �?T90s, in mind. All of the recipes meal planning hints and cooking tips have been updated to fit the hurried life you Lead. Whether you re a pro in the Kitchen or just starting out you la find everything you need to serve delicious meals. Every time the new Cook Book is available for $19.95 at most bookstores. Cut stars and stripes bookstores stars and stripes bookstores  
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