European Stars and Stripes (Newspaper) - May 09, 1991, Darmstadt, Hesse                                Thursday May 9, 1991 the stars and stripes 0 Page 17money matters today s tip i Ltd a it up a prominent researcher says the competitiveness of american corporations is weakened by age discrimination that thwarts the Potin tial of talented Young managers., More so than in other postwar decades High management positions a re i 11 de on the e basis o f age an d experience at the expense of youth and Talent according to Eugene Jennings professor emeritus at Michigan state University a school of business the. Average age at which a person is named chief executive of a company is now 55, up from 51 years of age a few years ago. Conversion rates London up tuesdays midday rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars a a it a a Gold was quoted at $357.25 an ounce Silver at $4.03 1-t<� 0- May 7 May 8 British Pound .1.7225 -1.7155 German Mark. ,7225 v.73 French franc. .5.837 a. I a dutch guilder., .1.9431 v a 1.9455 belgian franc., ,.35.49 35.62 a italian 181.90 Swiss franc ,.t.4585. 1,4615 greek drachma. 188.00 amp 188.40 turkish lira3,93b.9q- ,933.90. Saudi arabian Royal 3.7503 3.7503  106.49.� a "t06.60 portuguese escudo. 148.25 it. 148.50 Canadian dollar., .,1.15061.1502 austrian Schilling 12.13 12.104 norwegian kron.e6.743. 6.717 danish Krone .6.59 a6.805 these Are unofficial rates As reported by wire service and banking sources and they arc listed to give a a a some idea of daily currency fluctuations. S a the Only official rate concerns the Sale of German Marks to .,. Personnel for personal use and it based on wednesdays noontime Price fixing this will be 1.69 through Friday because1 merchants National Bank a branches in Germany will be closed today 1 for the ascension Day Holiday. The French Market was closed wednesday for the Victory Day Holiday new York Exchange new York up York Slock Exchange Stock Rwjr Nabisco hid 1 blockbuster ent at amp to company Amer express Texas utilities cams Energy corp a Duracell inti a a a a  petrol a a a a Union Camp corp a a a St Capell Hodgs. Boeing co ism corp pet inc. A Exxon corp a Nat hath labs to a the 15 most Active stocks in new composite trading on tuesday sales. 2.299.600 2.075.000 2.004.500 1,773,300 1.713.000 1.603,700 1.538,400 1.467.500 1,449,200 1.310.600 1.297.500 1,286,100 1.217.500 1.217.000 1.216.500 last 10ft 10 35 it 25ft 37ft 25% 21 19 42ft 1.ft a ,47 101% 16ft57% 19ft net chg. Off it up it a on Toff it. Off it off 3ft a of up % off 1% a off it unch off Ift a up % off it Lofft american Exchange Slock pah corp a tubes de Aero fruit of loom Wang labs inc. Am exploration a Jan Bell mtg Bat industries Amdahl corp a Dow chemical it Energy service a the 10 most Active stocks Iri Iange composite trading tuesday. Sales last net chg. A 575 600 up 1 it 525,200. 9 a Urich. A 430.300 15ft a 1 unch 425.700 2ft a. Oil it 416,400 3ft a a a a. Up it 385.800 10ft up 1 346,700 11 15-16.  331,300 14ft unch 293,400 7ft a up % 247,300 2ft up it Dow Jones new York up Dow Jones closing Range of averages tuesday a a a a a a a a a Hloch Low owe change 30 industrials a a 2962.66 2906.53 2917.49 off 24-15 20 transports 1185.b3 1166.78 1175.07 off 2.47 5 utilities a a -213.34 210.58 211.52 off 0.44 65 stocks 1062.57 1044 24 1049.29 Ott 5.07 ski work linked to gains in cancer other research by Chuck v1nch Washington Bureau Washington cancer therapy Cataract surgery leg braces Ultra fast supercomputers and Airport bomb Detec tors Cove t a d Iverse Range of tech nolo i. Cal endeavours. But promising advances in those Fields and a Tony others have resulted from military research on the strategic defense initiative popularly known As a Star wars.�?T�?T. A that a right a Star wars a the system praised by advocates As the answer to . National Security needs and decried by critics As a financial Black Hole devouring billions of Dollar Pentagon officials say research on the  proving to be a Fertile ground for innovations that May make their Way to the marketplace. A in fact ski officials have set up an in tire division to help move a Star wars advances from the defense Community to the private sector 11 but not everyone outside the Pentagon is optimistic about these commercial  several scientific and economic bodies express concern about the Large share of . Research Money consumed by ski and the a brain Drain it causes among the nations Best scientific minds. J 1 although those concerns have eased somewhat As ski funding has declined Over the past two years private sector experts continue to question  of directing _ so much of Tjie nations research resources into a military project. Even so Pentagon officials say More than 1,00 potential a Star wars products have surfaced in the past few years. And at least a dozen companies have evolved. As a result of ski research and do vol a Ozment said Nick Montanarelli Deputy director of the ski technology applications office. 1 a   those companies .is.grystallume-j, inc. Of Menlo Park Calif. Using ski funding the company has shown that it is possible to manufacture synthetic  a until this company was formed no a one believed that could be done Quot said Crystal Lume spokeswoman Laurie Conner. A Zsdi made it possible to show that this was not somebody a pipe  a the synthetic diamonds arc grown by putting simple Carbon based gases in a reactor and breaking them Down. What is left is a film of synthetic Diamond material which has exceptional hardness and very High heat conductivity. Ski wants the material for coatings in satellite bearings but Conner said it can. By used to reduce Wear on any bearings _ to protect aircraft windows in harsh environments and to shield semiconductors Montanarelli said Crystal Lume is a prime example of his offices goal to identify unclassified research that the civilian world needs and to get that information to the right  business a what it boils Down to is a person to person relationship a Montanarelli said. A a there a a user in the Field that has a probe Chi that needs to be solved. There a a researcher working on technology that v May solve that  occasionally licensing contracts Are worded in a Way that give s the defense department a share of revenues if a particular civilian spinoff strikes it Rich. A but that a pretty rare a Montanarelli a Star wars spinoffs a. Pentagon officials say More than 100 Star wars Quot a products have surfaced in the past few years. And at least a dozen companies have evolved As a result of ski research and development. Products believed to have the greatest potential include / / 11 1 q manufacture of synthetic diamonds potential uses include coatings on satellite bearings to protect aircraft windows and to shield semiconductors. Q particle beam accelerator used to detect plastic explosives with possible applications in commercial Airport Security. Q High powered lasers used for treatment of certain Farge. Area cancers. Q leg braces for the disabled now undergoing Hospital West so a newly also overeat Carbon base ii. Material promises to be sturdier and lighter in weight tharr conventlcrrai5 steel braces. Q photo dynamic process i could be used to cleanse food Bank supplies of Vlases  the ads frus said a generally the company has excl Sivc licensing rights to Market the technology to the private sector a Montanarelli maintains that after seven years of ski research successful commercial spinoffs Are becoming Clear or. However he said it still might take several years before any come into widespread use. A a but they will Impact the future of the medical Field materials optics manufacturing the computer and electronics industries a the list goes on and on a he said a a we be really seen Only the tip of the  observers remain sceptical though saying commercial advances rarely result from military spending and ski will be no  it would be far More efficient to directly apply research Money to a certain initiative rather than developing it As a secondary concern of a military project a said Kevin Knobloch a legislative director for National Security for the Union of concerned scientists. A Zsdi is unalterably military in nature and the commercial potential of its spinoffs will never make up More than a Liny fraction of the Money invested in it a said John Pike a military High tech analyst with the federation of american scientists. A a let a face it the rationale for ski is that we re afraid of soviet missiles not japanese stereos and tvs a ski proponents assert that the project already is paying dividends in terms of certain medical applications particularly in the use of lasers. A it was easy to identify the use of lasers tunable lasers something that no one had Ever developed before that can break up kidney stones dissolve plaque in the arteries and treat glaucoma leukaemia and tutors a Montanarelli said. Or. Thomas Daugherty a Pioneer in the use of lasers for cancer treatment said its the extremely High Power of the lasers that have been developed through ski research hot really the fact that they Are capable of being tuned to different frequencies that is so promising for cancer treatment. A you really need a lot of Power to treat certain kinds of cancers that Are spread Over a Jarge surface area of an Organ a and ski May deliver that potential said Daugherty who works at the Roswell Park cancer Center in Buffalo . The lasers that Are commonly Useda amps. Sassur a Hunt Dott f have enough Power output to Fie festive without subjecting a Tretts Urr acceptably Long periods of area Menc a you can to hold As Faser on  for to Hoiris a Daugherty Safe. Among other techno Fonfe with private sector potential Ace Ortung to Monr Anst re i Are a a particle heart accelerator that. Could he used at Airport Security checkpoints to detect plastic explosives by indicating rhe presence of nitrogen. A a photo dynamic process Titan a we cleanse by turd supplier of Conra Minano including the entire family of viruses responsible for herpes measles Fie Riris and acquired immune deficiency rt1-Dromc, a an advanced Carbon bused composite material for Teg braces thu tests have shown to be twice As Strong two a hindi lighter and 40 percent More rigid than conventional steel Bracet. T. The National  . In Washington has just begun testing rhe new leg Brace material said Jair gain my director of rehab thearion err Meetin a the Hospital. A a it a a wonder fun material a a Cha vim said. A an average reef Brace weight about seven or eight Pound for each leg while these braces weigh Init  one Pound each. Thar n significant re it auction. In Strain and fatigue for the patient a but As with Many Adf spinoff a. The Teg braces May prove Toj be too expensive Fiir widespread use a a in a concerned about  cd Irvin said. A a no matter How Good these Brace. Are if the Price is so High that of Iirth party insurers Are reluctant to cover the Cost then that a a problem. A a current feet Brace with fitting runs about s4,000�?� she said a will health insurers think the new braces Are Worth an extra is ,000 or whatever the Price will he i done to  Fiven so the ski organization claim that spinoff technologies can do much to help the United states compere Irema Tion Aily. By serving As a Bridge Between Federal agencies and the private sector. Technology application can drive the kind of business initiatives that1 with keep the United states highly competitive in world markets Montanarelli said. Quot if we done to bring our Federal agencies and private sector together then foreign Competition will make big inroads a be said