European Stars and Stripes (Newspaper) - November 9, 1991, Darmstadt, Hesse                                Page 18 a the stars and stripes saturday november 9, 1991 today a tip Torrance Calif. A Honda motor co. On thursday recalled 19,700 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 lights 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. Less than 1 percent of the vehicles being recalled contain the defect he said. Owners of affected vehicles will be notified by american Honda regarding corrective procedures which will be performed free of charge by authorized Honda dealers. Conversion rates London Fuji 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 $353.35 an ounce Silver at $4.02. Nov. 7 nov. 6 British Pound.1.77 to 1.7670 German mark.1.6350 1.6440 French iranc.5.5958 5.62 dutch guilder.1.b375 1.b545 belgian iranc.33.74 33.94 italian lira.1.228.50 1,235.50 Swiss iranc.1.4450 1.4533 greek drachma.164.33 1 85.67 turkish lira.4,897.40 4,921.90 saudi arabian rlyal.3.7502 3.7502 Spanish peseta.102.90 103.60 portuguese escudo.140.62 141.56 Canadian dollar.1,1225 1.1226 austrian schilling.11.5075 11.58 norwegian krone.6.4180 6.4570 danish kronb.6,3435 6.3795 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 British pounds to . Personnel for personal use. Through monday this will be $1.81 for a Pound based on a Price fixing Friday afternoon at military banking facilities. American Exchange new York up american Stock Slock go video inc in blamed locals National Patent Cal Energy inc Amdahl corp fruit of loom Energy service inti Tel charge Western digital no Amer vaccine a the 10 most Active stocks in Ange composite trading thursday. Net chg. Up up tvs up 35 up i Oft v. Up 35 unch up a up a off 1 sales Lite 732,500 2 i 690,600 9v5 629,400 5 i 490,400 15v. 473,100 16 412,400 2431i 402.900 1v5 321,300 1vi 277,200 235 274,700 2335 new York Exchange new York up change a the 15 most Active stocks in new York Stock Exchange composite trading on thursday. Stock Salet lil Nelcha. Rwjr Nabisco hid 2,967,200 10v5 off a Triton Energy adv Micro docs 2,811,300 52vi up 7v� 2.586,300 13 /. Up 35 Rwjr Nabisco pop Tel Fonos de my 2,529,900 10 v. Unch 2.381.200 43 up 35 limited inc 2.286.200 26 i up 2v. Natl med enter 1,977.200 15 off i Pfizer inc 1.968,900 68 off w toys r us inc 1,965,300 2835 up 2 Wal Mart stores 1,918,400 4835 up 2 up 3v� ism corp 1,899,200 99 35 total co franc 1,869,300 23 up 1v5 merry go round Woolworth bldg 1,868,200 13 v. Up 1 i 1,784,200 2635 up Vuk Amer express 1,748,300 1835 unch Dow Jones new York up Dow Jones closing Range of averages thursday 30 industrials 20 transport 15 willies 65 stocks he 3066.19 1290.36 220.27 1114.56 in 3020.35 126383 216.01 1095.40 close 3054.11 1281.39 219.77 1109.48 change up 15.65 up 9.72 up 3 32 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 s 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 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 dropouts from both school and the labor foundation says. 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 the foundation non partisan and nonprofit reports that the two Eamer 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. Never get their old jobs Back. They have having lost economic Power they seem not been Laid off in the traditional sense determined to exert political Power. Restructuring move by time Warner piques interest of bullish investors by Geraldine Fabrikant the new York times new York a for the first time in perhaps six months some Wall Street analysts Are turning bullish on time Warner inc. Stock. Since the news came out that time Warner had managed to raise $1 billion from Toshiba corp. And c. Itoh on oct. 2, the Stock has risen from $83,875 to $89.75 thursday. And a number of analysts say prospects Are looking up. In Large part they like the restructuring of the Parent company which has put $7 billion of its $8.8 billion in debt into a newly formed subsidiary time Warner entertainment. That leaves the Parent company which now owns time Warners record and publishing operations with relatively Little debt. A the Parent company can turn into a Money machine a said Emanuel Gerard the partner at investment firm Gerard Klauer Mattison amp co. Who follows the entertainment business. A whatever you think of Steve Ross his strength is making deals that Long term Benefit shareholders. The new Structure will allow him to do  meanwhile the entertainment businesses movies television Cable and Cable programming Are part of a subsidiary with a Cash flow that is both consistent and adequate to service its debt. David londoner an analyst at Wert Heim Schroder amp co. Argues that time Warner is in a Strong position As the Market Leader in its five main businesses. A but the company has been very leveraged a he said. Now they Are de lev crag ing  he estimates that for All of time Warner the Cash flow in 1992 will be about $2.5 billion clearly sufficient to meet interest payments of roughly $800 million. Jessica Reif who follows time Warner for Oppenheimer amp co., expects time Warner to be considered a highly leveraged company. That will allow it to refinance its debt at More attractive rates. Not everyone on Wall Street is so bullish. One leading fund manager who de investors Are again showing an interest in time Warner inc. Town new York shown Here despite its heavy Burden of debt. Its Headquarters in mid lined to be identified said that even though the giant Media company was Able to sell 12.5 percent of the company to the two japanese firms that Sale does not indicate that it was Able to find investors who wanted to own As much As 30 percent or 40 percent. A you can to extrapolate from the japanese investment a she said. A you can to simply say that because these two companies were willing to buy a stake for $1 billion the whole company is now Worth that much  and another Media Industry expert who has followed time Warner Points out that the company has still done Little to trim its highly publicized lavish style of living. But he noted that the film business its was suffering from High costs and the Cord business was in the doldrums. The he is sceptical of the Overall health of Tii Warners Core businesses. Reif acknowledges that time Warner ready has very favourable interest rat even if it is no longer considered As a Hig leveraged company it May not be Able get better rates than its current aver Cost she said. Forever she continue time Warner is somewhat under the because it must refinance before a 1994, when $1,375 billion in principal p ments become due