European Stars and Stripes (Newspaper) - October 14, 1990, Darmstadt, Hesse                                Sunday october 14, 1990 the stars and stripes a Page 15market dip linked to budget crisis Oil prices renew concern Over inflation Atlanta up the . Budget crisis again dominated the business scene i it week roiling financial markets and contributing in part to a Steep three Day Selloff in stocks. J ubut Oil priced at around $40 a barrel and renewed worries about inflation added to storm Clouds hovering Over the Domestic Economy As Well. Congress and the administration lurched toward another showdown Over How to Cut the size of the Federal budget deficit with political differences seemingly blocking a Short term solution to the question of what combination of taxes and cuts in spending programs should go into a deficit reduction package. The possibility of a full scale shutdown of government services loomed unless president Bush and Congress could resolve their differences. At weeks end the democratic con trolled House rallied behind a plan put Forth by rep. Dan Rostenkowski d-ill., chairman of the House ways and Means committee that would among other things raise the top personal income tax rate to 33 percent. The plan also would impose a 10 per of the House budget committee cent surtax on taxpayers with earned tax summed up the feeling of Many saying Able income Over $1 million a about 1.5 a a we re now at the end of the rope. And i million to 2 million people a and would think this is the Point where frankly eve retain a a sin and luxury taxes contained in Ery body a got to get their act together Congress As Well the  also last week inflationary pressures rather than recession worries rippled through the Economy. The government reported Friday wholesale prices Rose 1.6 percent in sep a painstakingly drawn budget Summit agreement voted Down by the House oct. 5. The new plan would also scale Back a Federal tax hike on gasoline to 3 cents a gallon. Meanwhile sen. Lloyd Bentsen the Texas Democrat who Heads the Senate a. Finance committee worked with re pub tember on record gasoline costs while Laicans on a bipartisan plan More in line september retail sales were reported to with the White houses wishes. Have gained 1.1 percent driven by Petro trying to explain his Way out of the tax cum Automo bile. Confusion Bush went Public with his will a 4.9 percent increase in september ingress to support a higher maximum tax retail sales at gasoline stations mean on High income americans in Exchange while reflected higher costs m the weeks for a Sharp Cut in the tax on capital gains. Following iraqis Conquest and jitters that but financial markets were unsettled by have sent world Oil prices to beyond $40 a Congress and the administration a Espe barrel. Dally Bush a apparent flip Flop on trading despite recession fears the 2.9 percent off higher tax rates for a capital gains Cut surge in sales by automotive dealers re a being at loggerheads. Fleeced continued strength in consumer key legislators urged conciliation in hammering out an agreement. Rep. Leon Panetta d-Calif., chairman Disney plans 91 s of Dick Tracy Burbank Calif. Up a Walt Disney co., trying to find a Niche in the Post Christmas shopping season said Friday that it will release the Home video version of a Dick Tracy for rentals dec. 19, then Start Selling the motion picture video Early next year. The announcement Means that Disney has apparently decided that Consumers already face a number of choices among videos for Christmas gifts including Disney a own animated version of a Peter  other major Sellers during the Christmas season Are expected to be Good times live action version of a Peter pan a starring Mary Martin Mem Uags a fall dogs go to heaven and new lines a teenage mutant ninja  Alexander amp associates forecast earlier this year that a sell through of Home videos would reach $1.3 billion during the november january period a 37 percent gain Over last year s $941 million take. Industry observers speculated earlier this year that Disney would also release a Dick Tracy a which took in $103.7 million at the Domestic Box offices. Spending the driving Force in the nations longest Post War economic expansion. Escalating Oil prices and the budget struggle sent Stock prices plunging sharply on tuesday wednesday and thursday but the Dow Jones Industrial average of 30 Blue Chip stocks managed a rebound Friday from thursdays 2365,10 a the lowest close since april in it can also be rented for the Standard video store fee usually about $2.50. A a Disney a strategy is pretty Good considering that the two weeks right after Christmas Are among the Best rental weeks of the year a said Robert Alexander president of Alexander amp Alexander. Bill Mechanic president of Buena Vista Home videos distribution Arm said that no other blockbusters will be released to the video rental Market at that time of the year. Disney said that in Early 1991 it will begin its a sell through Campaign which will mean the retailers will receive Market support to Start Selling the used video at a Standard Price probably in the $20 to $30 Range. Disney did not disclose the a sell through Price or the exact release Date. Disney said that it would include a $3 rebate in the sell through program which is expected to last for six months. A your consumer research shows both High rental and High Purchase intent for a Dick Tracy a a Mechanic said. A Dick Tracy a starring Warren Beatty was marketed with an sex highlighting news on the corporate front last week was general motors corp. Beginning shipments of the first truck loads of its highly touted Saturn which the no. 1 . Automaker is banking on to keep from losing Market share to imports. Three Saturn models a a red Coupe Silver Sedan and another Maroon Sedan a were driven out of the Saturn Plant in Spring Hill tenn., thursday. No rebates Are planned on the Saturn whose base Price was announced the week before at $7,995 for the most inexpensive Model a Between $1,000 and $2,000 below most projections. A Saturn sports Coupe will sell for $11,775, while two other sedans Are priced at $8,595 and $10,295. Jack Kirnan a Kidder Peabody analyst who tracks the Auto Industry said Gmys a a aggressive pricing on the Saturn a is a Way of trying to guarantee customer interest in the car especially to those who have expressed a willingness to buy american if the Price is there the value is there and the Quality is  on thursday chemical banking corp. Became the latest new York Money Center Bank to take drastic Steps to Shore up its capital base cutting the company a dividend by More than half to 25 cents a common share. Also retailer Saks fifth Avenue announced plans to trim 700 jobs make capital investments of $250 million and open a Chain of Small fashion specially shops. The cuts represent about 6 percent of Saks 12,000 employees according to Melvin Jacobs Saks chairman and chief executive. Jacobs said about half of the jobs Cut will come from Saks corporate offices in new York arid the rest from the 47 stores. Mutual funds missing because of transmission difficulties the weekly Mutual funds listing was not available for this edition. And Madonna but a Dick Tracy will be available to the Tensive publicity Campaign that helped rental Market at a Price of $92.95 six Days sell an estimated $200 million in Mer before Christmas meaning that shoppers Chandise such As fedoras to shirts willing to pay that Price can by "��?o�?o�?~5 w poof mat Piru Van Ouy a copy. A Florida Alligator Hunters bag 90 percent of quota Gainesville. Fla. Pupil a game prove the most lucrative yet for the i dresses and wrist radios. Gainesville Fla. Up game officials declared the state sponsored Alligator Hunt a Success Friday saying licensed trappers bagged about 90 percent of their quota for the third year in a Row. The trappers also avoided the injuries that Marrea the Hunt last year when one Man shot off his Finger and another had an Arm bitten by a Gator said Mike Jennings a biologist with the Florida game and Freshwater fish  we feel we be done a Good Job educating them on the dangers of Hunting alligators a Jennings said. Officials have tallied 2,390 gators thus far. The quota was 2,655. The Hunt which ended sept. 30, could prove the most lucrative yet for the Hunters. Gator hides Are fetching $60 to $65 per foot about $20 More than last year. The gators Are also yielding an average 30 pounds of meat Worth about $5 per Pound said Jennings. A a you re looking at $500 to $600 average value on animals taken during the Hunt a he said. Last years Hunt brought about $1.5 million to the Hunters minus their permit fees and other expenses Jennings said. There were 178 licensed Hunters this year out of 10,000 who applied for the limited number of permits. Each was allowed to kill 15 gators