European Stars and Stripes (Newspaper) - May 21, 1991, Darmstadt, Hesse                                Tuesday May 21, 1991 the stars and stripes Page 17money matter today s tip k Bud Siet director Richard Darman save the nations Economy is about to improve but he thinks its impossible to predict How Strong the acc of Erv w ill he or How Long it will last. �?o1 am quite confident a Darman said. Quot Vve Are exactly on course with our own forecasts. We said it would be turning in this Quarter. It is turning in this  in an interview on no cd so meet the press on sunday Darman added that it is hard to say whether the upswing a is going to be Strong or weak or How Long the recovery will  Darman also predicted a budget deficit of less than $300 billion compared with the $318 billion projected when the administration wrote its budget for the coming fiscal  rates the Sale of German Marks to . Personnel for personal use will be 1.66 through tuesday based on fridays noontime Price fixing. Most european Money markets were closed monday.., Japan talks stalled Tokyo up the United states and Japan remained divided sunday after negotiating through the night on semiconductor Trade but informal discussions were expected to follow local reports said. The negotiations ended shortly before Dawn after a Marathon session devoted largely to american charges that japanese semiconductor manufacturers arc dumping their chips in third countries to the detriment of . Competitors the reports said. The . Share of the world Chip Market has plummeted in recent years while the japanese share has leapt. ,. Earlier in the month As the fifth round of talks got under Way in Washington the  Commerce department accused japanese firms of withholding key manufacturing equipment deliveries in an attempt to further undermine the . Semiconductor Industry. The talks ended May 12 with no agreement. The sixth round of negotiations on semiconductors which began Friday officially ended after two Days with no reported Progress. Reports said however  planned to meet informally before the . Delegation leave Tokyo on wednes Day. A a British sales take big monthly drop London up the volume a of retail sales in Britain fell a seasonally adjusted 3.5 percent in april from March the biggest monthly decline for 12 years the Central statistical office said monday. The a decline the largest since june 1979, brought the annual fall m retail sales volume to 2.4 per it in the 12 months to april the Csc said. The figures led analysts to , percent surge in retail sales volume registered in March Job an aberration stemming from Mirgain Hunting ahead of the induction in april of higher value. Ded tax which went up 2.5 per Wantage Points to 17.5 percent. Philadelphia s transit system struggles to Avert shutdown Philadelphia a the nation s fourth largest system Tor mass transit is running on empty. 1 lie Southeastern Pennsylvania transportation authority caught Between City and state budget crises and cuts in Federal subsidies is trying to avoid a possible shutdown next month. A. The same Type of scene is being played in varying degrees across the country As states and cities feel the Pinch of the recession. Mass transit systems Are aging. Some need urgent repairs and replacement vehicles. Jack Gilstrap executive vice president of the american Public transport association estimated that $90 billion will have to be spent nationally Over the next six years to rehabilitate old rail cars and buses buy new ones and keep systems in operating trim. But lie said Only $21 billion is available. In Philadelphia Septa officials Are seeking $4.5 billion Over the next 10 years in Federal state and City funds. Septa manages the subway rail trolley and bus systems in Philadelphia and the surrounding four counties. It operates 2,500 vehicles on 3,500 Miles of roads tracks and trolley lines. A we Are walking a Tightrope a said septal a general manager Louis Gambaccini adding that a shutdown by the end of june is possible. A Al done to like to keep raising the alarm but there Are  a system wide shutdown in Philadelphia would derail 1.2 million daily riders in five counties including 70 percent of the City a downtown workers. To Cope with its budget crisis Septa has reduced service and increased base fares twice to-$1.50, the highest in the country. The future does not appear much brighter. Septa could lose As much As $60 million in state Aid in the next fiscal year and at least $27 million More in Federal assistance. In addition Philadelphia still owes the a trains operated by Philadelphia s troubled transit system sit Idle in a suburban Yard authority $11 million for fiscal 1991. City Council president Joseph Coleman said its unlikely that Septa will receive its request for $68.3 million in operating funds for the next fiscal year. The proposal is part of the systems $717 million regional budget request for the coming year which Gambaccini said a does not even keep Pace with the devastating toll that time and scarce funding takes each year on this irreplaceable  mayor w. Wilson Goodes proposed 1992 operating budget provides for $45 million in local subsidies for Septa about the same amount set aside for the system last year. Gambaccini said he will not increase fares. What he wants is a dedicated source of Money but Andrew Warren a Septa Board member and Bucks county commissioner said the Prospect of getting one is Bleak. Last year a proposal to increase the state Gas tax to provide a dedicated source of funds was narrowly rejected. A without a dedicated source How do you run a multimillion Dollar business a asked Gilstrap of the american transport association. A i think Philadelphia a problems Are More acute than any other City because of that situation. Earlier this month. President Bush signed an amendment that lifted until at least october a $141.5 million penalty against Pennsylvania for not having a dedicated source of funds for mass transit. A. A a. A a a  a any Money May not come soon enough to avoid a shutdown. A Septa has been held together for so Long with Bubble gum and spit that the Bubble gum is cracking and the spits drying up a Warren said. The Region has coped with temporary shutdowns a from strikes a before. But a Long term shutdown will affect people who never used the system a with increased traffic More pollution loss of jobs and employers said Charles Pizzi president of the greater Philadelphia chamber of Commerce. In addition Philadelphia still owes the a without a dedicated source How to Chain of profit making schools �--------1 to Lead Way in education the schools would aim to charge Tui vate schools educational computer a a a i i i it met a a n it i i i t l it it kit a it i t n t 1 a it in i it film it. It a it.  a a a it. I i a. T. T by Lee Mitgang the associated press new York a do profit and education mix we May soon find out. Entrepreneur Christopher whittle who has already made Waves by bringing to newscasts and snickers and sneaker ads into thousands of classrooms has announced plans to set up the first Chain of schools for profit. He Hopes these innovative schools will Point the Way to solving americans stubborn educational problems. Whittle based in Nashville. Tenn., said last week that he plans to bring together 100 educators political leaders and scientists to devise Model schools then raise up to $3 billion in private capital to establish a National network of some 200 profit making schools by 1996. A ultimately we Hope to have 1,000 schools by the year 2010,�?� whittle communications spokesman David Jarrard said. The schools would aim to charge tuition under the per Pupil costs prevailing in a Given school District. Nationwide per Pupil costs at Public schools averaged $4,890 in 1989-90, according to the National education association but ranged from $8,439 in new Jersey to $2,733 in Utah. A. A. Conservative groups such As the Fieri Tage foundation have Long argued that there is Little wrong with Public schools that profit and Competition  cure. A. A a a yet Jarrard insisted that whittles main goal is not so much turning a Buck As leading by example to provide a new better school Model that floundering Public schools everywhere could copy. A we have to demonstrate that our schools teach Well and that teachers Aie comfortable teaching there if it does no to work we re out of business a he said. If the school Chain succeeds Jarrard said. Whittle May even offer to manage Public schools. Whittle also Hopes to make Money by offering Public and Pri vate schools educational computer merchandise As Well As continuing to offer Channel one the to newscast cum commercials already viewed in 8,200 classrooms. Not surprisingly Channel one would be a Standard fixture in the new whittle Chain of schools. A other final details wont be known until the planners have their say sometime next year. But under the Broad sketch unveiled this week. Whittle said his schools will not just Cater to the wealthy or the easy to educate a a charge often aimed at private and parochial schools. Whittle s students will be selected randomly from applicants and 20 percent will attend on full scholarships based on need a More in Urban or poor areas. What remains foggy however is How schools can operate effectively As profit centers without clashing with the essential goal of Public education to teach All children regardless of their special needs or economic circumstances