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Publication: European Stars and Stripes Thursday, July 25, 1991

You are currently viewing page 17 of: European Stars and Stripes Thursday, July 25, 1991

     European Stars and Stripes (Newspaper) - July 25, 1991, Darmstadt, Hesse                                Thursday july 25, 1991 the stars and stripes c Page 17money matters today a tip tinkerbell has Ronald Mcdonald beaten by a mile. In a National Survey that measures How Consumers perceive Brand names Disney land Disney world emerged As the nations top Brand. It beat out such rigorous Competition As Mercedes Benz which rated no. 2, and Kodak which ranked third. Mcdonald a which has recently tried to improve its image by introducing healthier food products placed 160th on the list. The Survey of 2,000 americans conducted by total research of Princeton n.j., asked people to rate 190 familiar Brand names based on their perceptions of the Quality of the products behind the  rates London up wednesdays 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 $366.25 an ounce Silver at $4.10. July 23 july 24 British pound.1.682 1.6915 German mark.1.7565 1.733 French franc.5.998 5.945 dutch guilder.1.992 1.9645 belgian franc.36.37 36.02 italian lira .1,316.30 1,304.00 Swiss franc.1.5285 1.5085 greek drachma.194.66 191.65 turkish lira.4,379.50 4,359.70 saudi arabian riyal.3.7502 3.7502 Spanish peseta.110.17 108.93 portuguese escudo.151.20 149.90 Canadian dollar.1.1551 1.1545 austrian schilling.12.444 12.2935 norwegian Krone 6.89 6.8035 danish krone.6.836 6.741 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 1.71 through thursday based on wednesdays noontime  York Exchange new York up a York Stock Exchange the 15 most Active stocks in new composite trading on tuesday. Stock son last Natch. Amer express 3,052,000 24% up 1% Pepsico inc 2,776,600 29 unch Uniss corp 2,158,000 4 up % Rwjr Nab hmm 2,006,900 11% unch a amps sovran 2,001,500 27 up Maxis Energy 1,930,900 9% up Philip Morris Liz Claiborne 1,770,300 65% up % 1,729,200 42% up 1 computer ass 1,637,200 9 off 1 genl pub util 1,609,200 23% up a Telefoni d mex 1,584,800 31% Oft a a cab corp mrs inter inc 1,472,900 34% off a 1,467,600 7% of Sears Roebuck 1,441,900 38% up adv Micro docs 1,346,500 10% off % american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stock salts last not chg. Dow chem it 444,300 6% off % Echo Bay mine 313,900 9% up % fruit of loom 283,300 15% unch am exploration 252,600 3 up % carnival cars 233,400 22% up % Kirby corp 213,300 11% off % Western Dittl y 203,900 3%. Unch Ivan corp 184,500 31% off % com systems 182,300 3% unch Cal Energy 174,700 13% off % Dow Jones new York up Dow Jones closing Range of averages tuesday 30 industrials 20 transports 15 utilities 65 stocks High 3038.24 1221.09 202.09 1078.89 Low 2972.94 1197.64 199.32 1057.57 close 2983.23 of 29.74 1202.40 off 9.87 200.26 off 0.38 1061 57 off 8.86 soviets Send Surprise request for inclusion in world Bank. If by Keith Bradsher the new York times Washington in a move that surprised the White House the soviet government has applied for full membership in the International monetary fund and the world Bank. The soviet action announced tuesday by both lending agencies came less than a week after the leaders of seven Industrial democracies endorsed in London a limited a special association in the groups for the soviets. Full membership would allow the soviet Union which is struggling to Cope with a sharply shrinking Economy and a growing foreign debt to borrow from both institutions. Associate status would Only permit the if and the world Bank to offer technical assistance such As the training of soviet officials. An if official said the application did not conflict with plans to offer associate status. Applications for full membership take one to two years to process he said and the if could Grant associate status in the meantime. An if official said the soviet application letter was dated july 15 a the Day before soviet president Mikhail Gorbachev arrived in London. The administration official said the United states did not know Why it took the soviets a week to deliver the letter. The application has been sent to the 22-Mcmber executive boards of each institution. If they approve it the application would then be considered by the 155-member countries of each Agency. A series of technical details concerning the size of the soviet contribution to each Agency would need to be settled if membership is approved. The United states could not Block the soviet application by itself. By contrast associate status could be approved by a majority vote of the executive Board alone. The soviet application came a few Days before the scheduled Summit Between Gorbachev and president Bush and at a time when the United states is interested in giving the soviet Union things not denying them. Quot this letter raises the Ante a bit More than we re comfortable with a an official said. A a it a a bit awkward for us. The Iasi thing we want to be doing at this Point is denying something to the  . Gulf veterans in England eligible for refund on Road tax Raf Mildenhall England a amps a service members stationed in great Britain who deployed to the persian Gulf can claim a refund on their Road tax for vehicles not used during their deployment. Service members who deployed after aug. 2 and before june 30 in support of operations desert shield and desert storm Are eligible but Only if a vehicle Wasny to used by anyone while they were gone said a spokeswoman for the Driver and vehicle licensing Center at Swansea. A a it a a Way of saying thank you for serving in the Gulf a said a spokeswoman with the Dulc which will handle the refunds. A we did the same thing when our chaps went to the  extending the refund to americans in England is a Goodwill offer a spokesman with the British ministry of defense said. Drivers in Britain must  Road tax for their vehicles. It costs 55 pounds about $95 for six months and 100 pounds about $173 for 12 months. The Road tax certification or disc must be displayed on the vehicles Windshield. The refund will be issued in full month increments Only. For example if someone deployed dec. 15 and returned March 15, a refund would be issued Only for january and february. In almost All cases refund forms v14 and v767 will have to be completed. Form vi4 is the Standard refund form while form v767 is the special Gulf refund form. Individual units Are responsible for supplying the v767 form. The unit commander with rank above lieutenant commander or major must sign the form confirming the deployment. Road tax refunds Are available to both British soldiers and . Service members. The v14 form will be available from each bases pass and registration office. If the Road tax disc expired while a service member was deployed the individual can still apply for the refund. If the Road tax disc is current the member needs to return the disc along with forms v14 and v767. The refund will include credit for any unused time on the disc. The service member then needs to Purchase another tax disc using form v10 for renewal. Ii the vehicles had or have a tax exempt 12-month tax disc service members must submit the v767 and a letter explaining that they would like an Extension on the disc the Dulc spokeswoman said. The concessionary or nil disc is issued free to military or . Civilian employees who shipped a vehicle into Britain when they transferred to the country. All the forms and discs where applicable must be turned into the pass and registration office at the service member s base. The application will then be forwarded to 3rd air forces Central vehicle registrars office which will Forward them to British authorities. Refunds will be mailed to service members. Or their vehicles it costs pounds service member was up Ioyel me Inui Maidieu to . 1 St Quarter income report shows recession spreading across nation a Ackim Ristom Apt a the re res inn tourism construction Auto and air South Dakota. 1.6 Nereant and Utah. Washington a the recession hit new England hardest during the first three months of this year and spread to previously healthy states in the West and Midwest according to personal income data released tuesday. Of the six new England states a Maine Vermont new Hampshire Massachusetts Rhode Island Connecticut a Only Rhode Island and Vermont recorded seasonally adjusted increases in nonfarm personal income and in both the Rise was just 0.1 percent the Commerce department said. New Hampshire posted the nations worst decline of 1.9 percent followed by Michigan 0.7 percent and Connecticut Massachusetts and Delaware each 0.6 percent. Other states showing declines were Maine new Jersey Indiana and Wyoming. According to economist Mark Zandi of regional financial associates in West Chester pa., states dependent on Bank ing tourism construction Auto and aircraft manufacturing and the defense Industry fared the worst. Agricultural states did the Best. A right now is probably the Best time in agriculture in nearly a decade Quot he said. A the Industry really went through a restructuring in the Early 1980s and is in much better  nationally incomes grew Only 0.3 percent to $4.7 trillion in the january March period the lowest since the second Quarter of 1982 during the last recession. That was less than half the 1.1 percent inflation rate for personal expenditures during the Quarter. A the recession deepened compared with the fourth Quarter a said Rudolph e. Depass an analyst with the departments Bureau of economic analysis. In Only nine slates and the District of Columbia did incomes grow faster than inflation. Idaho reported the strongest increase at 2 percent followed by Alaska 1.8 percent West Virginia 1.7 percent South Dakota 1.6 percent and Utah 1.5 percent. Others with better than 1.1 percent growth were Nebraska North Dakota Arkansas and new Mexico. Meanwhile some states where income growth had held up relatively Well in the previous Quarter showed Sharp diminution in the first. California which represents roughly an eighth of the National Economy slipped from 1.6 percent to 0.2 percent. Illinois went from 2 percent to 0.4 percent growth Minnesota 1.4 percent to 0.1 percent Colorado 2 percent to 0.7 percent Wyoming 1.8 percent to minus 0.2 percent and Hawaii 2.1 percent to 0.3 percent. The construction Industry nationwide suffered the worst wage and salary decline a 3.1 percent a of six Broad nonfarm areas measured. It was tollo cd by a 2.5 percent drop in the manufacturing of High priced durable goods. Non Dura ble goods manufacturing showed a Small decline while services showed a slight increase. Mining and government reported relatively healthy income gains  
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