Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Monday, October 22, 1990

You are currently viewing page 27 of: European Stars and Stripes Monday, October 22, 1990

     European Stars and Stripes (Newspaper) - October 22, 1990, Darmstadt, Hesse                                Page 28 a a the stars and stripes monday october 22,1990 mistake in German monetary agreement could Cost billions Hamburg Germany apr a clause in the monetary Union treaty Between the two Ger Many allowing former East German companies to adjust to unification May Cost taxpayers billions of dollars a major Magazine said sunday. The Hamburg based Spiegel Magazine said costs for backdated Trade contracts Between former East German companies and the soviet Union to Exchange so called a Transfer rubles for Deutsche Marks could top $12 billion. Before the july 1 monetary Union East German companies received Transfer rubles when Selling products to East bloc countries. The Transfer Ruble was pegged to the soviet Ruble As an Overall accounting system. Under the monetary Union treaty East German companies were allowed to Exchange their Transfer rubles obtained with Eastern Trade contracts at an inflated rate of 1 Ruble for 2.34 Deutsche Marks. A the real Exchange rate in Moscow is 1 Deutsche Mark for up to 25 rubles a Spiegel said. The big difference in real and Transfer Ruble rates Means swindlers can take advantage of the monetary Union treaty for huge profits. Spiegel said the clause to protect former East German companies in the monetary Union treaty was a a construction  a government source in Bonn who asked not to be identified confirmed the Overall accuracy of the Spiegel report. However the source said the $12 billion figure a is speculative because the real extent of demands for Exchange of Transfer rubles for Marks is not yet known. Excerpts of the report appearing in Spiegell a monday editions were provided Early to other news Media. Spiegel quoting government investigators in Bonn said that a crooked deals a under the Transfer Ruble system have been traced to a High officials a in the soviet Union who Are dealing with companies in former East Germany. The report follows an announcement last week by Berlin Justice officials that four people had been arrested for allegedly exchanging Transfer rubles for Deutsche Marks using falsified Trade contracts with East bloc countries. The officials said that the former East German Trade Bank which is now fully backed by the Bonn government had been defrauded of up to $333 million in such deals. Berlin Justice office spokeswoman Jutta Burghart said investigation of schemes exploiting the monetary Union has just begun. A a the state attorney believes that this might just be the tip of the iceberg a she said. Authorities have so far seized or Frozen Bank accounts on $171 million suspected of being obtained through falsified Trade contracts. Spider Man lives Here a amps Gus Schuettler Jessica Burns 5, and her sister Jennifer 7, on saturday keep an Eye on a super spider that has invaded their front Yard for halloween. The girls Are the daughters of staff sgt. David Burns and his wife Chris. The Burns family lives in a Small military housing area in Griesheim  from Page 1 cars trucks and taxis but not the military. Western observers said the austerity measure was a sure sign that the economic blockade was taking its toll on the country. But the iraqi news Agency also quoted the iraqi defense ministry a newspaper a Adessia As confirming that a iraqi armed forces Are in full Alert and preparedness to confront any american attack or aggression. Deter it and destroy  the Washington Post said the iraqis had captured about 150 of the highly accurate Hawk missiles and that they could pose a substantial threat to . And Allied military aircraft. Egyptian newspapers reported sunday that six followers of Radical palestinian terrorist Abu Nidal were responsible for the brutal assassination of Rifaat Elmah grub Egypt a speaker of parliament. Abu Nidal whose real name is Sabri Al Bana is believed to be based in Iraq. An administration official in Washington said saturday that highly disciplined terrorist teams had been brought to Baghdad and were preparing for action possibly against Arab leaders Friendly to the United states. The official who spoke on the condition of anonymity emphasized that Bush would hold Iraq responsible for any attacks. The assassination of Elmahgoub last week has not been definitely linked to Baghdad but Security sources said it is suspected Iraq was behind the attack. The two countries have become bitter enemies Over the crisis with Egypt a staunch supporter of . Policy against Baghdad. Turkish citizens kept at Home one Day for census counting Istanbul Turkey apr traffic came to a halt and streets were deserted across the country As a government ordered curfew went into effect sunday for a nationwide census. Every four or five years the government takes Stock of its population by ordering All citizens to remain indoors until each and every head is counted. Turkey is one of the few countries in the world where the census is conducted in one Day and people Are virtually put under House arrest for the duration. This May be the last census to be taken in this fashion according to Orhan Guven head of the state statistics Institute. He says the next one to be conducted in the year 2000, will be by mail. The curfew for turkeys 13th census started at 8 . And was to end at 5 . During which 530,000 census takers were visiting each Home in the country. They carried forms containing 34 questions seeking information on citizens permanent residences education income Levels jobs and marital status among other things. The census is costing the turkish taxpayers $17.8 million with each census taker a including teachers University students and civil servants a getting paid $18. When the first official census was conducted in 1927, Turkey had a population of 13.6 million. The last census in 1985 showed the nation had reached 51 million. This time officials predict a figure of 57 million. The result is expected in three Days. While turkish citizens were kept off the streets foreigners were allowed to visit tourist attractions provided they travelled in groups and were transported by buses with special permits. Museums in Istanbul Ankara Antalya and other cities remained open for foreign tourists. Air traffic both Domestic and foreign was unaffected by the  Page 1 not tall enough the a jeopardy a staff will make you taller by furnishing an Apple crate to stand on. Reinhardt avoided the crate. But she  escape another problem studio players encounter a the ring in system. While players at Home answer questions by shouting at the to screen studio players have to ring in ahead of their opponents. If they push the Button too soon the system locks them out she said. Reinhardt also Learned Why a jeopardy a players seem to have such illegible handwriting. Quot id see this awful handwriting on w and now i know Why. You re writing on a curved to screen with a Light pen and the letters appear above the place where you re writing. Its very disconcerting a she  Page 1 act of 1990 contains a critical defects that would Lead to quota hiring. A with the changes i am forwarding to the Congress together we can produce legislation that will strike a blow against racial Bias without institutionalizing quotas a he said. C. Boyden Gray Bush Slegal adviser said the new plan contains several key changes in language aimed at easing the Burden on employers including the placement of a $150,000 Cap on punitive and compensatory damages sought by employees charging racial discrimination. Gray and White House press Secretary Marlin Fitzwater acknowledged saturday that it was unclear whether Congress would reopen the question but the spokesman said a we Hope this Bill will  a Bush veto of a civil rights Bill would certainly Hurt him in the Black Community. Recent polls show that while Bush initially had an approval rating of upward of 70 percent among Blacks it has declined to about 45 percent. Benjamin Hooks chairman of the a act said a veto of the legislation would mean a that the Kinder gentler nation that we have been looking Forward to wont come to   
Browse Articles by Decade:
  • Decade