European Stars and Stripes (Newspaper) - November 25, 1990, Darmstadt, Hesse Sunday november 25, 1990 the stars and stripes a Page 13ough words rom Bush toughen Buck president Bush talked Tough while visiting troops in saudi Arabia Over thanksgiving and the Dollar responded by moving higher on the world Market the next Day. J some currency traders Are now speculating Pat hostilities will break out in the persian Gulf before the end of i 1 the month and that sort of thinking might help prop up the sagging Dollar. In european trading Friday the Buck jumped above Randy Mcclain 1.48 Marks its High level since nov. 12. The military Exchange rate Germany was later set at 1.46 Marks for the weekend based on a Friday afternoon Price fixing by merchants National Bank. That represents a am of two pfennig Over the Bucko slow Point last �?T6vk David Cocker International economist with chemical Bank in London thinks the Dollar could Drift a bit higher in the next few Days but he unfortunately does no to see extremely Sharp gains. I Cocker said the Bucko a gains last week May have had As much to do with profit taking by traders during the slow Holiday week As with growing fears of violence in the Middle East. 1 Banks were closed wednesday in Germany for a Holiday thursday was thanksgiving in the United states and Friday was a Holiday in Japan. A analyst acknowledged that tension m the Gulf is playing a big role in currency traders thinking these Days but so Are recession and investors worries about declining interest rates in the United states. The . Federal Reserve engineered a one Quarter of a percentage Point reduction in the Federal funds rate a week ago and Many economists think further interest rate cuts Are ahead. Some analysts Are even speculating the . Discount rate of 7 percent could be slashed before year s end. That is. The rate the fed charges on the Loans it makes to member Banks. Cockers Best guess is that after a Brief run up Tor the Buck a the Low Levels we have seen in recent Days will be he predicts the Dollar will lose ground against both the Mark and the British Pound. One Pound was Selling in London for $1.9685 at midday Friday about 1 cent cheaper than at the Start of the week. Margaret thatchers losing Battle to retain her Job As prime minister took some steam out of the Pound at midweek Cocker said. But the a Iron lady s resignation on thursday May actually serve to boost the Pound in the Long run he said rpm three Way fight is developing for control of Lyrl a. Of a Quot a conservative party among sex defense minister Michael Heseltine foreign minister Douglas Hurd and Chancellor of the exchequer John major. Cocker said the Pound should gain no matter which Man finally comes out on top. Any of the new leaders Are expected to cooperate More fully with the rest of Europe on monetary matters Cocker said and that will be viewed by currency dealers As a plus. L the conservative party will also unite behind the Winner a Cocker said a instead of tearing each other apart like hounds on a r developments will boost Confidence h1 1? British Pound and help the currency make mild Gamsu against the Dollar he said. Cocker acknowledged that the harsh words Are increasing the prospects of War. But he added it nothing happens there la be further downward pressure on the the worst Case scenario for the Buck would be a Cut m the . Discount rate from 7 percent to 3.5 percent Cocker said. Currency dealers Are u 0 j aether the Federal Reserve will take drastic step to fight recession in the states. But if it were to happen a it would bring the Dollar dowry quite steeply a Cocker said. He said the Dollar might Tumble As Low As 1.40 Marks. The stars and Stripe Book gives service members tips on finding civilian jobs atm by Randy Mcclain i3ii writer finding a my that knew so much about Book about that he could write a misos Eddin of for the non com a Erk so n association did just that. Titled resume Wear combat boots a Fitzpatrick s Book is a no nonsense look at How to get the most a Prience Anc turn it into a decent paying Job in the civilian world. Serv Irp nov of thy mrs people can get walk out of the a i an employment with Little or no Down who conducts dozens of Job fairs forthe association around the world every year. He said Many civilian employers go out of their was to Militar backgrounds to their payroll cd g01ng get loyalty and people who have shown some personal initiative a Fitzpatrick said. O1,"a at s not to say Landing a civilian Job is a snap form la Tail personnel. In fact Fitzpatrick said serv a hrs a n wei1 May find the transition from military to civilian life a Nightmare. Or amp Pete enter the armed forces right after High school or College and they have no experience looking for civilian jobs Fitzpatrick said. That can put the average sex service member at a disadvantage when compared with civilians he said. The typical civilian is already Well advanced in his professional career by the age of 30, and he knows How to Market himself to employers. But Fitzpatrick a Book shows All is not lost. Here Are some tips. One Way to counterattack the head Start enjoyed by civilians is to Start Job Hunting Early perhaps As Long As a year and a half before leaving military service the career specialist said. Persons leaving the military should also be aware that they might not land a Job in private Industry overnight. Fitzpatrick suggests having enough savings to cover moving and living expenses for at least four months. That sort of Cushion can help Job applicants avoid being pressured into taking a position that a not right Tor them just because their finances Are growing tight. One other word of warning Many military retirees have reported going through As Many As three jobs in the first five years after leaving the service Fitzpatrick said. The majority of these retirees said the primary reason for that was their failure to do any realistic goal setting before leaving the military. Many said they did no to think seriously about what they wanted out of the future until they were Well into their second civilian Job. Landing the right Job sooner than that starts with writing a resume designed to make professional goals a reality Fitzpatrick said. The first thing to remember is that people done to get a quoted a or Yka they can do he said. They get hired for what they have done recently. Tacit Means a resume should focus on Job experience related to the Type of position you re applying for today. It should t be a list of every Job you be Ever held Fitzpatrick said. If you re applying for a Job As a brain surgeon the company hiring you wont be interested in the fact that you once drove a truck he said. Your resume should address Only brain surgery experience and anything related to it such As teaching or supervisory background in the Field a he said. If something does no to relate directly to the Job for which you re applying you should either leave it off the resume or play it Down. Another trick of successful resume writing is to translate military jargon into words civilian employers can understand. You May know what the no Academy is a to o �?�1. Is More sense to civilians to describe it As the . Air Force Basic leadership and management training program a Fitzpatrick said. T0.5 your resume Wear combat boots a is pub shed by Blue jeans press . Box 5628 Charlottesville va., 22905. The Book costs $7.95. The Book is on Sale in some exchanges in the states but not yet in jargon in your resume among major Points stressed by the self help Book does your resume Wear combat boots a is the assertion that Job Hunters in the armed forces should eliminate military jargon from their resumes. Author Bill Fitzpatrick said that Means applicants Nave to do some creative translating of military terms into More common civilian ones when explaining their employment background. Here Are some examples done to say non commissioned officer in charge do say supervisor or manager. Don f say commander do say chief executive officer or ceo. Done to say senior enlisted adviser do say special assistant. Done to say Supply or logistics do say warehouse manager warehouseman or shipping and receiving us Don t say my tank do say fully tracked diesel powered heavy combat vehicle. Done to say e6, 03 or other pay grades do say staff sergeant Captain and other ranks. Cafes Call customer policy can Cut costs of car repair by Steve Taylor Munich Bureau Munich Germany a cafes customers can now save some Money by buying vehicle replacement parts on the local Economy themselves. In the past cafes garages got the necessary part and passed the Cost plus a markup onto the customer. Now the exchanges Auto service employees Are required to Call the customer first said Tom Ernst parts specialist at the Munich car care Center. A i Tell them if we go get it this is How much it la Cost. But if you go get it this is also How much it la Cost a Ernst said. Customers who buy the parts themselves avoid the Exchange services markup on locally purchased parts. Cafes normally uses a sliding markup scale based on the Price that cafes is charged for a part. Expensive parts have a lower markup because Many of the costs associated with finding and buying that part remain constant Ernst said. Parts that Cost less than $50 Are marked up 60 percent while parts that Cost More than $150 Are marked up 35 percent. Walt Kania cafes automotive chief said that in Many cases cafes must buy parts from dealers who do not extend a discount. A in these cases we must still apply our markup to cover the Cost of doing business a he said. A the policy introduced in late october will not help customers avoid Long Waits for parts mailed from the by docs. The Exchange services new ordering system for .-made parts is not meeting expectations of a delivery time of three to five Days Kania said. The system is being tested in seven stores. Only 16 percent of the parts ordered Are arriving in five Days or less he said. A i Trust sad Blem is in mail delivery times. What used to be three or four Day mail times for parts from the United states has grown to 10 Days or More he said. Ernst expects the mail problem to grow worse during the Christmas crunch and he a telling customers in Munich to expect two to three week mailing times. Currently about 15 percent of the parts take More than 20 Days to arrive from the states Kania said
