European Stars and Stripes (Newspaper) - October 14, 1991, Darmstadt, Hesse                                Monday october 14, 1991 the stars and stripes b Page 17money matters today s tip the producer Price Index for finished goods Rose a seasonally adjusted 0.1 percent in september after a slight increase in August and modest declines the two previous months the Bureau of labor statistics announced in Washington. Food prices fell by 0.5 percent following drops of 0.4 percent in August 0.8 percent in july and a revised 0.4 percent in june the department said. Energy prices edged up rising 0.8 percent in september. That follows a 1.8 percent increase in August and a 1.3 percent drop in july. The department said that excluding food and Energy the Price of finished goods was stable for september after 0.2 percent increases in july and August and a revised 0.2 percent drop in june. Overall the producer Price Index for intermediate goods Rose 0.1 percent in september and the prices of crude goods dropped 0.9 percent. Prices for capital equipment Rose 0.2 percent in september with motor vehicles making up most of the Price  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 $358.00 an ounce Silver at $4.10. Oct. 10 oct. 11 British pound.1.7155 1.7185 German mark.1.6950 1.6920 French franc.5.7360 5.7665 dutch guilder.1.9065 1.9080 belgian franc.34.7075 35.0175 italian lira.1,25990 1,267.00 Swiss franc.1.4800 1.4830 greek drachma.188.01 188.40 turkish lira.4,803.70 4,817.80 saudi arabian riyal.3.7500 3.7502 Spanish peseta.106.66 107.02 portuguese escudo.145.25 145.62 Canadian dollar.1.1304 1.1288 austrian schilling.11.8770 11.9180 norwegian krone.6.6080 6.6300 danish krone.6.5075 6.5290 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.65 through monday based on fridays noontime Price-fixing.400 workers to lose jobs at Rockwell Al Segundo Calif. A Rockwell International corp. Will Lay off 400 workers due to president Bush a decision to eliminate work on rail based nuclear missile systems the company said. The layoffs announced Friday will affect 100 people in Anaheim and 300 in san Bernardino or about 6 percent of the 6,500-member work Force of Rockwell a defense electronics division. The Rockwell subsidiary had a $302.9 million contract to develop a launch control system for a Mobile my missile system and a $56.3 million contract to develop the guidance unit for the system. The contracts were among several the air Force cancelled As a result of Bush a plan to reduce the nations nuclear Arsenal. White House business leaders agree Economy limping along by the los Angeles times hot Springs a. White House economic adviser Michael j. Boskin told the nations top business leaders saturday that the Bush administration essentially agrees with their gloomy View that a vulnerable Economy is crawling slowly out of recession. Meeting reporters after speaking privately to business executives attending the fall session of the business Council Boskin also said that an Economy facing major structural changes in the 1990s and a persistent shortage of Bank lending May Limp along with the unemployment rate moving Down Only very slowly from its present 6.7 percent level. The Council members a All executives of the nation s largest corporations a also heard House ways and Means committee chairman Dan Rostenkowski Iii. Rostenkowski told reporters later that a a we be been standing on the runway a Long time. This is the longest climb out of recession in  he chided the White House for unrealistic optimism. But Boskin and Rostenkowski a perhaps unexpectedly a found common ground in opposing the move among some House democrats to reopen last years agreement on reducing the budget deficit and divert billions in department of defense funds to Domestic programs. �?o1 done to like the idea a Rostenkowski said. A you can get into political mischief. There Are too few House members of like minds As to what to do with the  he said that the capital was Rife with rumours a that the White House is rethinking their stubbornness in not renegotiating the budget agreement. But i done to want  Boskin made it Plain that the administration is firm on that Point. Economic adviser Michael j. Boskin a the budget Deal should not be reopened and the administration does not intend to do so a he said. Boskin added that the ballooning deficits a now estimated at $250 billion for the fiscal year that ended last month and $380 billion for fiscal 1992 a Are primarily the fault of the sluggish Pace of resolving the savings and loan debacle and Selling off the assets of failed Thrift institutions. 4 a it has nothing to do with the Economy which has performed As we expected or with the budget agreement a a he said. Rostenkowski suggested that the slow recovery will produce a rash of Domestic issues in next years Campaign whether or not those issues Ever translate into workable programs to a improve education. A reduce health care costs. A expand health insurance. A eliminate drug abuse. He also said that democratic proposals to win Back Middle class voters by promoting greater tax a a fairness probably will not result in legislation this year that would Cut taxes. But he said a proposal to impose sur taxes on millionaires would be a big political Winner. Quot it won t get a lot of Money a he conceded. Quot but for political fodder everybody understands  such a surtax would raise barely $5 billion he said not enough to offset a tax Cut for the Middle class. Boskin said that any tax changes should be within the framework of an a economic growth package Quot such As some Republican lawmakers have proposed including such components As business and individual tax credits and lower taxes on capital gains. In his comments Boskin also looked ahead to a period in which Large corporations a service industries in particular a will have to reduce employment and restructure to achieve higher productivity and thus compete with the rest of the world. A we will have to save and invest More borrow less spend less make research and development More commercial improve the skills of the labor Force Quot he said. These Are All familiar prescriptions he said but they add up to a period of adjustment during which Consumers May be More cautious than in past economic recoveries. G-7 moves closer to approval of More Loans for soviet Union from wire reports the soviet Union and the group of seven leading industrialized nations agreed sunday on Basic preconditions for further Loans to the soviet Union a g-7 statement said. It said the g-7 finance ministers and a soviet delegation agreed that the soviet Union and the various soviet republics would a resolve certain fundamental issues essential for the maintenance of International creditworthiness and for ensuring their Access to new  those conditions included a a comprehensive economic Reform program. A a Clear commitment by both the Central government and the republics to keep up debt service payments. A setting up a framework for settling current and future financial responsibilities. A full disclosure of soviet economic and financial data. The statement said the soviet delegation requested assistance from the g-7 to Deal with soviet economic problems and that the seven ministers agreed to Send a delegation to Moscow. A it was a fruitful and very deep discussion a said soviet delegation head Grigory Zavlinsky. A the main decision was that we will continue the talks in the very near future in Moscow to take some important decisions  the g-7, which comprises the United states Japan Germany Britain France Italy and Canada continued ministerial talks to assess their discussion with the soviets. Meanwhile . Treasury Secretary Nicholas Brady expressed concern sunday Over sluggish economic growth in Germany and Western Europe saying it would reduce prospects for improvements in the former soviet bloc. A growth in Japan and Germany has already cooled substantially and will Likely slow even further in the months ahead Quot Brady said in remarks to the interim committee of the International monetary fund. The remarks were read by assistant Secretary Olin Wethington. Apple logo trademark Battle resolved London up the beatles record company Apple corps and the american Apple computers have settled their Legal Battle Over use of an Apple As a logo. A the precise settlement in the Legal Wrangle was not disclosed but London newspapers reported the total costs of the court action were about $12 million. Apple corps claimed Apple computers had broken a 1981 agreement laying Down the computer company a rights on the use of the Apple logo. That agreement was to ensure that Apple computers would use its Apple trademark on computers without impinging on Apple corps use of its Mark in its music business. Apple corps has its trademark in 27 countries. Apple computer argued that the agreement was unenforceable and that Apple corps claim to enforce it was in breach of the t Reaty of Rome which outlines Trade practices in the european Community. The Case went before the european commission in Brussels. The three surviving members of the beatles a Paul Mccartney George Harrison and Ringo Starr with the estate of John Lennon a own Apple corps