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Publication: European Stars and Stripes Thursday, December 5, 1991

You are currently viewing page 18 of: European Stars and Stripes Thursday, December 5, 1991

     European Stars and Stripes (Newspaper) - December 5, 1991, Darmstadt, Hesse                                Page 18 c the stars and stripes thursday december 5,1991money matters in a bid to boost its Supply of foreign currency the soviet government on wednesday slashed a key Exchange rate for the rapidly weakening Ruble nearly by half. Foreigners now will receive 90 rubles for $1, up from 47 rubles said Allah Markelova director of a currency Exchange office in Central Moscow. It was the third devaluation this year. A the government did this to attract More foreign currency of course a Markelova said. The devaluation of the tourist Exchange rate a ordered by the soviet state Bank for foreign economic relations a is another step toward making the Ruble convertible on world currency markets. The two new government rates now Are better than that on the Black Market. Conversion 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 a tiled at $365.25 an ounce Silver at $4.04. British pound.17720 1 7725 German Mark. 1,6110 1.6110 French franc. 5.5145 5.4840 Oulch guilder.1.8180 1.8180 belgian franc33,21 33.26 italian lira1,217.50 1,212.40 Swiss franc.1.4270 1.4265 greek drachma183.93 182.85 turkish lira .5,050.20 5,045.30 saudi arabian nyai3.7493 3.7494 Spanish peseta 102.84 102.58 portuguese escgdc143.45 142.40 Canadian Dollar .1.1328 i.1335 austrian Schilling 11.3560 11.2800 norwegian Krone 6.3520 6.3250 danish Krone 6.2745 6.2360 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 1.56 through thursday based on wednesdays noontime Price fixing. New York Exchange new York up York Slock Exchange Slock Uniss corp us Marathon Glaxo holdings Rwjr Nabisco hid Wal Mart stores adv Micro docs atm company Ohio Edison co Chiquita brands Philip Morris ism corp Atcuson corp ban America Fedl Nall Mage Pepsico inc the 15 most Active stocks in new composite trading on tuesday. Sates 7.214.800 3.472.600 2.823.400 2.466.900 2.277.900 2,255,700 1.923.100 1.919.100 1.718.900 1.620,300 1.563.600 1.547.400 1.461.800 1.406.900 1.362.400 Lail 5 24% 28% 9% 50 14% 36% 19% 36v 68% 91% 28% 33 a 58% 30% nil Hal. Off % off 1% off unch up a up up a unch off 4% unch off 1 off 4% up % up a Oil a american Exchange new York up american Stock sleek pall corp Energy service us Bio science Hasbro inc am medical bldg fruit of loom Cablevision sys Wang labs inc b Phil Long d Tel Echo Bay mines a the 10 most Active stocks in Lange composite trading tuesday. Stu la it n>1 chg. 491,500 35% 0111% 417.100 a i off % 390.900 69 up 4 a 354,200 35% 0 1% 335,300 a up % 331,000 24% up % 310,800 32% up % 254,300 2% unch 203,500 29% up % off % 197,100 7% Dow Jones new York up a Dow Jones dosing Range of averages tuesday 30 Inglr trials 20 transport Isu woes 65 stocks Meek 2958.18 1227.58 221.96 1077.99 Lew 2904.74 1192 08 219.70 1056.52 close 2929.56 1223.28 220.64 1070.05 change 0 15.82 up 23.92 off 1.00 up 3.97 holidays bring Rise in thieves looking for a steal at cafes by David Tarrant staff writer an average of seven people Are apprehended every Day for shoplifting in stores run by the army and air Force Exchange service Europe. But that average rises to eight shoplifters a Day during the Christmas season. The number of shoplifters caught in cafes Europe averaged 241 during both november and december compared with 211 for other months. Exchange officials expect that trend to continue this year. A a you be got people who want to get things they just can to afford. And a lot of people do it just on impulse a said it. Col. William Dunn chief of safety and Security for cafes Europe. Shoplifters often believe they Are less Likely to be caught when stores Are crowded with customers and merchandise Sirach As during the Christmas season he said. Shoplifters come from every segment of the Community. A we have kids teen agers husbands wives dependent types Active duty a both Low ranking and High ranking a he said. A total of 2,610 shoplifters were apprehended in 1990, and $750,000 Worth of merchandise was stolen from exchanges in eur still have the two busiest months coming More clearly a Dunn said. A and with the up a he said. Computer control he can follow them improved video equipment is making it throughout the store to watch where easier to catch shoplifters. Although some stores have used video cameras for several years most major stores have begun installing a computer enhanced video system. Located in domes on the shoplifting at cafes Europe , merchandise stolen in thousands of dollars $869 Quot $750 shoplifters arrested 2,610 3 1989 a amps Susan Harris source army and air Force Exchange. Service Europe office of safety and Security rope. In 1989, 2,351 shoplifters were a ceilings the system allows store Detec rested and $869,000 Worth of Merchan times More control Over the cameras and Dise was taken from cafes Europe gives them the ability to Monitor areas of exchanges a 1 the number of shoplifters caught this year will exceed last years total Dunn said. Already about 2,200 shoplifters had been caught through october a and we the store previously out of the cameras View. A detective a can hand tilt and zoom the camera if he wants from the control panel in the Exchange office. He can Fol w a person with a camera. He can zoom the camera in to see what they re doing they go and see what they do and then if they leave the store they re waiting for  Exchange detectives have already noticed a significantly higher rate of shoplifters apprehended in stores where the new cameras Are installed Dunn said. However he refused to release figures on the shoplifters apprehended at individual stores. The average Cost of the new system is about $85,000 per store but the system pays for itself in three to four years a based on the reduced amount of losses in the stores where we put them a he said. Cafes also uses two Way and reflective mirrors catwalks Over checkout counters and store walkers who blend in with customers to help catch shoplifters. The Exchange service has also increased the number of detectives in recent years. Jewelry compact discs video games Small electronic products such As Walkman clothing and perfume Are among the most popular products pilfered. The exchanges also have taken Steps to identify shoplifters who attempt to return stolen merchandise in Exchange for Cash Dunn said. Penalties for shoplifting vary. Civilians face prosecution in civil courts. Service members Are subject to military Law ranging from non judicial articles 15 for minor offences to courts martial with penalties that can include jail terms and reductions in Grade. Military and civilian shoplifters lose their Exchange privileges for a minimum of six months. History making pan am collapses new York apr pan american world airways the Pioneer of commercial aviation stopped flying wednesday. Pan am said it was killed off by a decision from Delta air lines to withdraw from a Deal that would have helped pan am emerge from bankruptcy court. The shutdown came the Day after a contentious bankruptcy court hearing that ran into the evening tuesday. Delta said it would not put up any More Money because it did not believe pan am a business plan would work. Delta had bought pan am a northeastern shuttle and most of its remaining trans Atlantic routes under a Deal that was supposed to bring pan am out of bankruptcy As a Carrier that would concentrate on latin America. The airline was founded in 1927 by Juan t. Trippe and it inaugurated the first scheduled International flight a a mail run Between key West Fla., and Havana Cuba. In 1935, it launched the first scheduled trans Pacific service. Four years later it began the first scheduled trans Atlantic service. People phoning pan am a reservations office wednesday were told that the airline had closed with a recorded message. A we deeply regret that economic circumstances have forced us to take this action a the message said. It said flights already in route would go on to their destinations but everything else had been cancelled. Passengers with pan am tickets were advised to Contact other airlines. Delta a abrupt withdrawal Drew fire from lawyers pan am workers and even transportation Secretary Samuel k. Skinner. Pan am had told . Bankruptcy judge Cornelius Blackshear on tuesday evening that it would scramble to find emergency financing in Hopes it could come up with a new reorganization plan by saturday. Through the night lawyers met with Twa chairman Carl Icahn in an attempt to get $15 million to keep pan am flying through the week. Atlanta ranks no. 7 in business Survey new York a Atlanta is the nations Best City for business a Survey of top executives shows. Cushman amp Wakefield inc., a new York based real estate concern said Atlanta scored the highest in the poll of 400 executives. The City was selected As an excellent place to do business by 24 percent of the chief executives familiar with the area the company said. Earlier this year Fortune Magazine also designated Atlanta the top place to do business. Executives polled by Fortune cited Atlanta a mix of Low costs High Quality labor and favourable attitudes toward business in making their selection. Atlanta site of the 1996 olympic games has held the no. 1 ranking in Cushman amp Wakefield a annual Survey for three out of the previous four years. Seattle which ranked first last year was runner up though it ranked first in offering an Overall High Quality of life. In the most recent poll Atlanta scored High in Quality of life for employees Access to markets the Cost of office space and government climate. It was followed by Tampa Fla. Dallas fort Worth and Portland Ore. Cushman amp Wakefield noted that a number of a non traditional Quot cities fell in the rankings including Sacramento Calif. Norfolk a. And new Orleans. A with the uncertainty of the Economy corporate America is looking at some of the traditional business centers a said Arthur Mirante president and chief executive of Cushman amp Wakefield. The company also noted that stronger Oil prices and diversified economies have helped improve the rankings of a handful of cities including Houston and Dallas fort Worth. Although san Antonio and Denver slipped slightly this year they were cited As the leading cities where business conditions Are expected to improve  
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