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Publication: European Stars and Stripes Saturday, November 9, 1991

You are currently viewing page 18 of: European Stars and Stripes Saturday, November 9, 1991

     European Stars and Stripes (Newspaper) - November 9, 1991, Darmstadt, Hesse                                Page 18 b the stars and stripes saturday november 9, 1991 Money matter today s tip Torrance Calif. A Honda motor co. On thursday recalled i1 ,700 Honda Accord wagons for a Washer defect that could cause a fire company officials said. In certain Accord wagons a Metal Washer May not have been adequately attached to the cargo area Light Honda spokesman Kurt Antonius said. If dislodged during Assembly the Washer May fall inside the Light. If this happens and if the Light s three position switch is in the Middle position and the tailgate is left open the Washer could cause a Short circuit within the Light. As a result the Light switch May overheat and cause a fire Antonius said. Two such incidents have been reported. No injuries were reported. Owners of affected vehicles will be notified by american Honda regarding corrective procedures which will be performed free of charge by authorized Honda  rates London up1 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 $354 25 an ounce Silver at $4 03. Nov. 7 nov. 8 British Pound. 1.7780 1.7690 German mark.1.6350 1.6420 French iranc.5.5958 5.6285 dutch guilder.1.8375 1 8545 belgian iranc.33.74 33.89 italian lira .1,22b so 1,238 45 Swiss iranc.1.4450 1 4515 greek drachma .184 33 185,67 turkish lira.4,897 40 4.921 90 saudi arabian Nyal .3.7502 3 7502 Spanish peseta. 102.90 103.60 portuguese escudo. 140 62 141 56 Canadian dollai.1.1225 1 1226 austrian Schilling .11.5075 11.58 norwegian Krone .6.41b0 6.4570 danish Krone. 6.3435 6.3795 these arc 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 he 1.61 through monday based on fridays noontime  Exchange new York Mph american stack techs a the 10 most Active stocks in me composite trading thursday. Slock Salei Lait net cig. Go video inc 732.500 2ft up it in biomedical 690,600 9ft up 1 a it National Patent 629.400 5v5 up 5s Cal Energy inc Amdall corp 498.400 15ft up it 473,100 16 Oil it Fiul of loom 412,400 24ft up it Energy service 402.900 1ft unch inti Telec Haige 321.300 1ft up it Western digital 277.200 2v up it no hairier vaccine 274,700 23ft Oil 1 new York Exchange new York up a the 15 most Active stocks in new Yolk Slock Exchange composite trading on thursday Stock sales Leal Nel chg. Rwjr Nabisco hid 2.967.200 Roft a to a a Teton Energy adv Micro orcs 2,811,300 5? up 7ft 2,586,300 13ft lip it Rwjr Nabisco Pip 2.529,900 heft unch Lele Lonos de my 2,381,200 43 up it limited inc 2,286.200 26ft up 2ft Natl med in apr 1,977,200 15 Oil it pier inc 1,960,900 68 Oil 1 it toys r us inc 1.965.300 28ft up 2 Wal Mart stores 1.918.400 48�?T up 2 ism corp 1,899,200 99 it up 3 j total in franc 1.869,300 23 up t h Meiry go round 1,868,200 13ft up 11 r Wuu Wurth bldg 1.784.200 26ft up it amur exp  1.748,300 18ft unch Dow Jones new York up Dow junes closing Range of averages thursday Hiob Low Cleie change 30 Lindu serials 30sti 19 3020 35 3054 ii up 15 us 20 transport 1290 36 1263 h3 17h1 39 up 9 72 i big tithes 220 27 216 01 219 77 up 3 3? 65 stocks 1114 56 1095 4 1 11119 48 up 8 08 economically wounded voters ready to make politicians pay by John Cunniff the associated press new York a one message from voters to elected officials seems to be this you did no to listen to me when the Issue was my Job my financial Well being and my future so we have made the Issue yours. Month after month Ordinary americans have observed How officialdom has coolly accepted the latest bad news about the financial plight of their constituents and somehow read into it a message of Good times to come. Viewing the statistics that Way a jobless rate of 6.8 percent sometimes has been justified As acceptable because it Hasni to worsened substantially since March and is widely forecast to improve Over the next year. To the voter however that attitude places too much Reliance on statistics and promises for the future and gives too Little recognition to the current pain of millions of human beings. While forced to deny themselves financially such people seem to be further incensed by the casual manner in which government spends their taxes Here and abroad and in the process builds More record High budget deficits. Despite official Washington a View the Job situation May be far worse than realized. At 6.8 percent the jobless rate stands for 8.6 million americans seeking work. The number Hasni to risen much since Spring but then it is Only a number. The human situation has changed for the worse. One reason for the statistical stability is that since Spring the labor Force has barely grown an abnormal occurrence. Had it grown As expected there would have been even More workers without jobs and consequently a higher rate. Because they see no Point in seeking work an unknown number of people Arentt even counted As labor Force members. Many Are teen agers who would have held entry level jobs. Now they Are dropouts from both school and the labor Force. What is known is that there Are 1.1 million people who want to work but have Given up looking and so join those not counted among the unemployed. And there Are an additional 6.4 million working part time because they can to find full time jobs. Hidden away in these numbers Are Many thousands of americans who will never get their old jobs Back. They have not been Laid off in the traditional sense their jobs have been terminated eliminated by companies slimming Down. Often overlooked is another grim Factor since Spring the rate at which women Are joining the labor Force has slowed. Many Are mothers who would have earned second incomes in stores but retailing has lost 425,000 jobs in 20 months. Second incomes May even be requirements today. The tax foundation terms the typical family As one of two wage earners employed full time year round in support of two children. Even then there is stress often from taxes. Rarely is it noted that never before has the consumer been asked to Lead a recovery while also dealing with tax increases. Federal state local taxes now take 38 percent of the average family a income the tax foundation says. The foundation non partisan and nonprofit reports that the two earner family that made $29,627 in 1980 is now earning $53,265. But when Federal taxes and inflation Are deducted the family is left with just $2,835 of the $23,638 gain. Taxes debts Low savings and unemployment a not to mention an unmeasured growth of Job insecurity a have left americans in no mood to be ignored. Having Tost economic Power they seem determined to exert political Power. In Miu it a a a it Usu Al us Vitoi in cd Sci nil la Usu Jura Havivi i ii Vav , to i  a by Xvi maj a despite official Washington a View the not been Laid off in the traditional sense determined to exert political Power. Gop Bill would give tax Breaks to encourage medical coverage Washington apr Senate re  visuals to cover costs of health cares it Nii Hli Vav nip nil Iho Noliti mlle ten i Lum litre their Nhin iut icus Vinci insure Knic Are minims. For eve Washington a Senate republicans have entered the politically charged debate Over health care Reform by proposing to use tax incentives to extend medical coverage to millions of uninsured americans. Legislation introduced thursday by 16 gop senators including minority Leader Bob Dole of Kansas also is aimed at controlling rising medical costs by overhauling medical liability Laws including limits on damages and lawyers fees. A no doubt about it health care is at the lop of the list when it comes to National priorities Quot Dole said on the Senate floor. A every american knows firsthand that health care costs have run Dole amok. The lawmakers unveiled their plan two Days after off year elections in which democratic sen. Harris Wofford won a special election in Pennsylvania after making nationwide health insurance a Centrepiece of his Campaign. President Bush Al a news conference on nato in Rome said Friday that he would offer a health care overhaul proposal a before the election next  More than two dozen other health care Reform Bills have been introduced in the House and Senate. At a news conference Republican sup routers said their package could Cost 150 billion Over five years. Dole said the gop proposals had a a fighting Chance Quot of being adopted but acknowledged that it could take years to reach agreement on a comprehensive health care package. Key provisions of the gop measure would a establish income lax credits for individuals to cover costs of health care services and insurance premiums. For example a couple earning less than $32,000 a year could claim a tax credit of up to $1,200. A allow self employed people to fully deduct from their income taxes the costs of health insurance. Full tax deductions also would he provided to people whose employers do not provide insurance coverage. A provide tax credits to Small businesses to encourage them to establish health coverage for their uninsured workers or expand it to family members. A establish a tax credit for individuals to cover costs of preventive medical services including cancer screening. A increase Federal spending on Community health Center and child immunization programs. The package is the product of a gop task Force led by sen. John h. Chafee , which began working on the health care Issue last year. Faster drug study reportedly set Washington a the food and drug administration plans to implement the most sweeping changes in 30 years to Speed the process for approving new drugs. The Washington Post reported Friday. The Fra would let private contractors review applications to Market new drugs and create an approval fast track for drugs used to treat life threatening illnesses the newspaper said. The changes would be in Well established categories of allergy drugs analgesics anti inflammatory and antibiotics. L he Fra also is exploring the possibility of accepting drug approval decisions by other countries. The newspaper said the goal is to identify other countries that the Fra feels have adequate drug review systems and allow their decisions to stand. The new approach would free Fra staffers to concentrate on the most important new therapies and Cut three or four years from the current 10-year approval process it said. Outside review Means that a private research Laboratory or a University medical Center analyses entire applications seeking approval of a new drug. The Fra reviews an outside finding and decides whether to approve the drug. Such Steps Are occasionally taken but Only on limited basis. The Fra sometimes asks an outfit expert to examine parts of an up plication and it sometimes Calls together a pan of outside experts to give an opinion. An Fra of finial confirmed thurs night that sweeping changes were in to works but could not confirm what to details were. He spoke on condition i anonymity. I he a storms were developed by to Fra and the White House competitive Ness Council the Post said. It said Thi were the most wide ranging in three de Udics  
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