European Stars and Stripes (Newspaper) - February 06, 1991, Darmstadt, Hesse                                Wednesday february 6 1991 the stars and stripes Page 21 Oday s scams on Rise in . Because of Gulf War phony investments that play on the Heartstrings of people worried about . Troops in the persian. Gulf arc on the increase in the United states according to the National Consumers league. Popular scams include the following people Are solicited by phone for their Telephone Cailing card. Numbers under the pretence that the numbers will be used by soldiers to Call Home from saudi Arabia. Another Telephone sales pitch is de signed to sell fake persian Gulf War Memorabilia with the proceeds purportedly going to Aid military personnel. Consumers league suggests reporting these and other unusual solicitations to the proper authorities. Conversion rates London up tuesdays closing rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars. Gold was quoted at 8367.00 an ounce Silver at $3.85. A a a feb. 4 a feb. $ British Pound .1.977 1.9835 German mark.,., -1.4639 1.4815 French franc,4.982 4.9795 dutch Fullder. _.,1.653 1.6492 belgian franc. .30.25 30.14 italian Llna. -.,.1,101.90 1,099.20 Swiss franc�?,., .1,258 a1.2505 greek drachma.�?, .156.70 156.72 turkish lira a 3,023.80 3,026.80 saudi arabian Riyal. .-,-3.7503 3.7503 Spanish peseta a92.38 91.90 portuguese escudo. 129.55 129.18 Canadian dollar�?.1.1589 1.1588 austrian sch Lleni .,10.315 10,294 norwegian Lexie -.5.746 5.7275 danish rom 5.654 5.835 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. A a a the Only official rate concerns the Sale or German Marks to . Personnel for personal use and this will be 1.43 wednesday based on tuesdays noontime Price fixing. New York Exchange new York up a the 15 most Active stocks in new York Stock Exchange composite trading on tuesday. Stock general motors Citicorp Amer express Pepsi coins Felna Omige chemical Bank  Philip Morris limited inc Beverly in Tarp Schlumberger Chase Manhattan gent electric ism Core Pindaros Fot Taipei 5.144.200 3.653.000 3.597.500 3.104.500 2.972.000 2.782.800 2.671.900 2.618.000 2.301.800 2.291.200 2.282.200 2,254,300 2.218.900 2.177,100 2.156.700 last 35 15ft 24ft 28ft 43ft 15ft 12ft 57ft 23ft Oft 56ft 14 66ft 128ft Ift Neil by. Offut up it up 1ft uplift up it Offut up it Offut up it off up it amp up 1 it uplift Offut american Exchange new York up it the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stock  Wang labs inc  fruit of loom Bolar Charmco Amdahl corp Western digital Prethi theare Americus desc Americus Elk so Salas 2,297,400 1,569,600 1,319,700 1,010,200 945.700 650.200 644.500 529.700 507.500 420.200 Leri 3ft 2ft 2ft 1.2 4ft 15ft 6 18 7ft 3ft Nuch off 3 unch up it uplift Offut Offut up it up 2ft up it unch Dow Jones new York up a a tuesday 30 industrials 20 transport a 15 utilities Quot 65 stocks Dow Jones dosing Range of averages High 2305.20 1102.61 209.19 1005.87 Low 2742.82 1071.05 205.80 68254 clots change 2788.37 up 16.09 1090.27 up 10.23 207.94 up 1.07 99827 up 6.73 a a a a 1 1 a a. A a a a a. A. 1. A 1 Dod budget has pay raises by Chuck Vinch Washington Bureau Washington a the defense department budget proposals for 1992 and 1993 provide pay raises but few other improvements in benefits arid allowances. A the Money just Isnit there a said one Pentagon official a we the Cognize that. We have to Cut out the fat and get Down to the  military pay raises of 4.2 percent in fiscal 1992 and 4.7 percent in fiscal 1993 will Cost $2.1 billion and $2.3 billion respectively the Pentagon said. Compensation proposals included in the fiscal 199? budget handed to Congress this week would a change the Basic allowance for quarters rate for personnel paying child support and living in government quarters. The proposal would save the defense department about $78 million Oyer the next two fiscal years. These personnel would receive either the actual amount of court mandated child support or the difference Between the with dependents bad rate and the without dependents bad rate. The service member would receive the lesser amount. They now receive the with dependents bad rate. Personnel living off base would continue to get bad at the with dependents rate. A increase the maximum coverage. Under the  s group life insurance program from $50,000 to $100,000, a proposal already contained in at least one Bill now on Capitol Hill. A reimburse costs for meals and lodging for personnel directed to stay somewhere other than their Normal place of duty but still technically within the limits of the duty station area. A allow the army to commission physician assistants As officers the Navy and air Force already do this. A establish a total warrant officer system that would allow for More it i client management of warrant officers. It would create a new Grade of chief warrant officer w, and a single promotion system. It also would expand service opportunities to capitalize on warrant officers experience. V a require All Servic members receiving variable housing allowances to certify their housing costs once a year. Currently housing Cost data is collected once every two years and reporting is not mandatory. Officials said the change would result in More accurate housing allowance rates. A provision Cut from the legislative package would have established an a adequacy floor for a  s total housing allowance based Orthe fair mar Ket rents in a Given area. The fair Market rent is an estimate of private sector rental housing prices based on the census bureaus american housing Survey. The proposal was Cut because of its is Timi item $350 million Cost Tor two years. But the Pentagon official said the Issue is not tread. The seventh quadrennial review of military compensation is looking at it and will Likely make a recommendation in its final report due Early next  proposals considered and dropped from the fiscal 1992 Bompensa lion package were a an increase in the enlistment Bonus for nurses from $5,000 to $ 10.000. A an increase in monthly special duty assignment pay for recruiters i Coin $275 to $350 per month. A a provision to reimburse service Mcm liars and their families for All travel related to personal emergencies. A currently the government will pay Only for the costs of travel Between the inter National Airport closest to the duty station and the International Airport closest to the site of the emergency. Service Mem ers and their families must pay for travel a to and from the airports. Military continues to be flooded with donations for troops in Gulf by Janet Howells Tierney Washington Bureau Washington a companies and individuals continue to feed a steady Stream of donated merchandise to american troops in the persian Gulf. The persistent flood of everything from free batteries and Yoyos to Kool Aid and a cookies has taken military officials by sur  defense logistics Agency has logged More than 8,000 Calls to its donation hotline since september said it. Col. Henry Wyatt. The Agency averages 60 Calls a Day to its four Telephone hotlines. A this did no to happen during Vietnam a Wyatt said. A a there a never been anything of this  the Agency is handling the increased workload with the help of volunteers and activated reservists Wyatt was placed on Active duly to organize the incoming donations. About 2,000 actual offers have grown out of the thousands of Calls he said and 452 separate individuals or companies have followed through with delivery of the donated items to the military shipping depot. In october officials estimated the value of donated subsistence items such As toothpaste and soap at $1 million. Since then officials have stopped trying to keep track of what donations arc Worth. Wyatt who maintains a running tally of the items expects that the value of All the contributions will be estimated after the War. A a a a donors include such personalities As Paul Newman lemonade mix and Arnold Schwarzenegger exercise equipment along with Many schoolchildren senior citizens and corporate employees. The amount of donated merchandise varies from 80 pounds of books to 47 tons of mixed fruit juices or front one pallet of stationery to 250,000 packages of Corn chips Wyatt said. After the merchandise gets to the shipping depots it is loaded onto 40-foot trailers. Once the trailers Are full they go out with the next regular Supply shipment for the persian Gulf. Although donations arrive at the depots sporadically Wyatt said the trailers full of donations Are now a regular part of most cargo shipments. After a 30-Day trip to a saudi arabian port the items Are broken Down based on the percentage of soldiers airmen and marines in the area of distribution and delivered Toper Jonnelin the Field. Gifts for the troops Here Are More examples of donations to service members in saudi Arabia. Listed Are corporate and individual gifts. Colgate palmolive 40,000 lbs soap Jefferson ind and toothpaste Sun tory water group 5,500 cases of Atlanta a 10k thirst quencher Kodak 40.000 disposable  operation support 1.720 pounds of Decatur Jil hard Candy Auburn High school 835 lbs Rockford lit of Kool Aid George Mot he rail 5,000 Blockhead Pittsburgh pay games National vow 50,000 gift Kansas City to p3p.k3.9p� operation we care 25dob a Pacific Grove Calif a amps Sharon Killday measures to reverse Detroit up general motors corp. Announced monday a series of drastic measures to save Cash and reverse staggering losses including nearly halving its quarterly dividend to 40 cents cutting the company a salaried work Force 15 percent by 1993 and reducing capital spending by $500 million a year. Industry analysts said Gmys actions came As no Surprise Given the fact that Wall Street has been braced for substantial losses from the worlds largest Industrial organization because of the recession uncertainties Over the persian Gulf War and heightened Industry Competition. Analysts predict pm could Post a loss As High As $1.5 billion for the final Quarter of 1990, which would Mark the largest quarterly loss on an operating basis in automotive history. Specifically Gmys Board of directors elected to a a Cut the $1 and 2 Par value common Stock dividend from 75 to 40 cents a share marking the first time in 11 years the payout was reduced. A Cut North american salaried employment 15 percent by 1993 from Levels at the end of last year meaning a reduction of 15,000 employees. A Cut capital spending by $500 million a year to about $7 billion annually Over the 1991-1994 period. A significantly reduce fixed costs and increase manufacturing efficiencies while moving toward a goal of 100 percent capacity utilization. A substantially reduce overtime and lower the corporate contribution to Gmys salaried savings Stock Purchase program. A ask for substantial Price reductions from suppliers during the next three str amp is to Cut annual material costs $2 billion by 1993