European Stars and Stripes (Newspaper) - June 24, 1991, Darmstadt, Hesse                                Monday june 24. 1991 the stars and stripes a Page 17_�_ Money matters today a tip Apple computer inc. Laid off 900 people thursday and chief executive John Sculley took a 15 percent Cut in pay effective at the end of the month. Layoffs were anticipated As part of apples plan to Cut 1,500 jobs or 10 percent of its work Force Over the next year but workers did no to know exactly when Pink slips would be delivered or to whom. Apple spokeswoman Cindy me Caffrey said Sculley will not comment on his pay Cut. Other unidentified top executives will take Between 5 percent and 15 percent cuts. Conversion rates London up fridays 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 $367.25 an ounce Silver at $4.43. A Quot. U june 20 june 21. British pound.1.63881.6295 German Mark. .1.7895 1.7995 French franci6.092 a 6.1125 dutch guilder.2.003 2.0274 belgian franc. .36.91 37.015 italian lira 1,337.80 1,338.60 Swiss franc ,�?z.1.5365 1.5465 greek drachma.�?z.194.83 a. 197.00 turkish lira 4,257.70 4,282.30. Saudi arabian Riyal .3.7501 3.7501 Spanish peseta.,.,.,.112.08 113.08 portuguese escudo. 156.24 157.58 Canadian Dollar. .1.1419 ,. 1.1416 austrian Schilling. .12.515 a 12.664 norwegian Krone .6.9725 7.0410 danish Krone. .6,866 6.939 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.75 through monday based on fridays noontime Price fixing. . Earmarks $15 million for Poland Warsaw Poland apr the United states has set aside $15 million of foreign assistance to Poland to be used for business development and humanitarian services a . Aid official announced. Or. Carol c. Adelman assistant administrator of the . Agency for International development responsible for Europe and the near East announced the projects before ending a two Day visit to Poland on saturday. _ the Aid will include $6 million in direct assistance to Small and medium size businesses $5 million to fund permanent partnerships Between . And polish universities to establish management training business education and $4 million for a Range of humanitarian and agricultural projects such As health care assistance through project Hope a leadership devel. Ozment program with the International Myca and improving Rural Telephone services. Aid which administers $7.2 billion in . Non military foreign Aid annually has been Active in Poland since 1989, and the $15 million will come from foreign Aid Money already authorized by Congress. Adelman said the theme of the latest assistance is creating partnerships Between poles and . Private voluntary organizations and universities. A Back room teamsters bring into open Union s by Bob Baker los Angeles times Orlando Fla. A the first out in the open democratic struggle for the soul of the legendary autocratic and corrupt teamsters Union begins today. More than 1,900 delegates a elected for the first time by the rank and file a Are expected to spend the week confronting questions that Cut to the Core of the unions reputation for lavishing wealth on its leaders at the expense of its 1.6 million members. For starters a should salaries of Union executives be limited one Hundred fifty of them make More than $100,000 a year thanks to a policy that lets them draw up to four salaries for multiple Job titles. A should strike benefits a now Only $45 a week in a Union that raised $10.5 million in political contributions during the last congressional Campaign a be raised a should the Union create an Independent commission to Weed out members guilty of unethical conduct teamster conventions used to affirm Back room selection of Union presidents and executive Board members. Now thanks to government rules the convention May Only nominate the membership will vote in december. Both Reform and establishment factions of the Union Are preparing constitutional amendments that May be the subject of unprecedented floor fights. These changes make the  interest not Only to teamsters whose diverse membership ranges from truck Drivers and Law enforcement officers to teachers and airline stewardesses but also to the entire organized labor movement. A High profile convention that reinforced Union democracy would help labor leaders fight off widespread Public suspicion that unions Are As unresponsive As most institutions or worse. Department of Justice distrust of. The teamsters is still High. Last month for instance the government won a Federal court injunction that mandates that the convention must adopt a 1989 consent decree that established democratic elections and government oversight of the. Union through 1996. Those misgivings notwithstanding the 88-year-old Union has undergone astonishing change in a Short time. Organized crimes historic influence on the Union has been lessened by two years of expulsions of numerous members by the Union s court appointed administrator retired Federal judge Frederick Lacey. Teamster leaders must answer to Lacey As the result of the 1989 Deal the Union s executive Board made with the department of Justice trading internal democracy for the settlement of a massive racketeering lawsuit. The new rules have triggered unprecedented infighting shattering old political alliances teamster president William Mccarthy is a a stepping Down at age 71 after three years in office because of poor health and two factions of the Union s establishment Are locked in Public combat to succeed him a a along with a Reform sect that wants to throw out All vestiges of the establishment. Presidential politicking will Likely color much of what the convention does. Most delegates appear to have already chosen sides. The vast majority of them has gone either to . Durham of North Carolina a Union vice president who serves As director of the teamster freight division or Union vice president Walter Shea who is Best known for having been adm Nistra live assistant to every Union president since the late Jimmy Cioffa. The Reform group. Teamsters for it democratic Union has sent about 250 elected delegates to the convention All of them pledged 1 to support Reform candidate Ron Carey the head of a new York teamster local. A a. A a. A a it an april Telephone poll of 600 rank and file. Members taken by Shea found that Carey had a higher favourable rating than Shea or Durham. Japan plans to build own Light helicopter by the Washington Post Japan a military intends to build and design its own Light helicopter in the 1990s instead of relying on a  licensed design according to Tokyo press reports. If the government adopts Japan s defense Agency plan it will be the first time that the country has built a modern helicopter without extensive. Foreign help. Analysts said the move would Advance the country a Long standing goals of self Reliance in weaponry and could Speed its plans to become a major player in world markets for commercial aircraft. These reports coincided with the japanese governments reaffirmation of its intention to proceed with an unmanned space shuttle to be launched by Japan a own h-2 heavy rocket. Taken together these developments appeared to confirm Japan a determination to pursue an aerospace Agenda Independent of the United. States. A. /. Japanese military planners later this year will request funds to begin designing the proposed two seat helicopter known As the ohm according to Nihon Meizai Shimun Japan a leading financial newspaper. Intended for observation and a modest attack role it would enter service with japanese forces in the late 1990s. Aerospace analysts Here suggested that the helicopter might be adapted for civilian markets in Japan or abroad. In any Case the experience gained in designing an advanced machine from the ground up also could help Japan a decades old dream of being a major exporter of commercial aircraft a status now held by the United states and Europe. The ohm program also might bring new conflict with the United states which is building a new generation Light helicopter of its own analysts said. Japanese officials reportedly assume that the United state swill bring pressure on it to but the . Version the controversial i i replaying a scrap of the late 1980s when Japan wanted to develop on its own a new Jet fighter called the fax.  despite its image As a pacifist nation Japan has a Large and highly sophisticated defense Industry that has1 been fuelled by steadily growing military spending. Its fiscal 1989 defense budget totalled $26 billion. Like Many countries including the United states it maintains that National Security demands that As Many weapons As Possi Hie be built domestically. With licenses from . Companies japanese plants turn out such military helicopters As tie twin to stored ch-47 Chinook the uh-1 Huey the ah-1 cobra gunship and the oi1-6, a Small observation helicopter that the proposed new Model would replace the flow of technology has not been entirely one Way. Industry officials say that . Companies have sometimes Learned better ways to set up their production lines by watching How their japanese licensees do it. For Many weapons however Japan has. Opted to develop entirely new versions sometimes building on experience gained. Through foreign licenses. At great Cost japanese companies designed and built a Jet fighter called the Al and missiles to replace american standards such As the Sparrow sidewinder and Harpoon. Mitsu. Bishi heavy industries Ltd. Is working to perfect a new main Battle tank. In the Case of the helicopter Japan a de. Sire to go it alone May be motivated also by delays it has encountered in other joint production programs with the United states. Japan has a strict policy against exporting weapons. But the Oso might be classified As dual use a equipment to which Export restrictions would not apply. Japanese companies already have shown interest in the world civilian Market for helicopters. A spokesman at the japanese defense Agency declined comment on the report. Brokers linked to compensation for Stock losses Tokyo apr two More japanese brokerage House shave been accused of pitying their biggest clients compensation for Money losing investments. The Kyodo news service quoting Anonymous finance ministry sources a a reported saturday that Uaiwa securities co. And Yamai Chi securities co. Allegedly had paid More than $72 million to some of their largest customers. A ministry officials could not be reached for confirmation.-. On Friday the worlds largest brokerage the Nomura Security co. A and Nikko securities co. Acknowledged that similar payments totalling More than $240 million were made the disclosures Are part of Japan a second recent National scandal involving Stock ownership. The government of prime minister Yasuhiro Nakasone was forced to resign in 1989 alter members of his government admitted that they had accepted under priced Stock from the recruit co. The chairman of the information and publishing conglomerate tried to buy favors from powerful politicians bureaucrats and business leaders by Selling 1 them bargain priced shares of its subsidiary. The Public anger that followed Shook japanese politics and the Long governing Liberal democratic party but no top political officials were Ever charged. Buybacks to cover Stock losses Are illegal in Japan if promised in Advance. Loose regulations govern compensation that was not Prear. Ranged