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

You are currently viewing page 55 of: European Stars and Stripes Thursday, December 5, 1991

     European Stars and Stripes (Newspaper) - December 5, 1991, Darmstadt, Hesse                                Page 18 a the stars and stripes a. .v.v.\v. .\vv.y.  . Money matters thursday december 5,1991 today s tip in a bid to boost its Supply of foreign currency the soviet gov emment 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 Yea. 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 wednesday s 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 1365.70 an ounce Silver at s4.q3. Dec. 3 dec. 4 British Pound .1.7770 1.7780 German mark.1.6110 1.6060 French franc.5.5145 5.4880 dutch guilder.\-.r. 1.8180 1.8080 belgian iranc.33.21 33.08 italian lira.1.217.50 1.212.50 Swiss franc.1,4270 1.4220 greek drachma.183.93 182.85 tur Lusti lira.5,050 20 5,045.30 saudi arabian nyal.3.7493 3.7494 Spanish peseta.102.84 102.58 portuguese escudo.143.45 142 40 Canadian dollar.1.1328 1.1335 austrian schilling.11.3560 11.2800 norwegian krone.6.3520 6.3250 Darsn 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 British pounds to . Personnel for personal use. Through thursday this will be $1.82 for a Pound based on a Price fixing wednesday afternoon at military banking facilities. New York Exchange new Vork up the 15 Molt Active stocks in new York Slock Exchange conto ski trading on tuesday. Slock sales Laai not cog. Uniss corp 7.214.800 s on us Marathon 3,472,600 24 pit 1 Glaxo holdings 2,823,400 28ft off Rwjr Nabisco hid 2,466,900 95k unch Wal Mart stores 2.277,900 50 up v. Adv Micro docs 2.255,700 145k up at amp to company 1.923,100 36 Vuk up v. Ohio Edison co 1,919,100 19 unch Chiquita brands 1.718.900 36v. On 4 Philip Morns 1,620,300 68 unch ism corp 1,563,600 91v. Oni Atcuson corp 1.547,400 28 Oil 4 ban Kamenca 1,461,600 33 v. Up  1,406,900 58 up v. Pepsico me 1,362,400 30 off a american Exchange new Vork up a the 10 most acting stocks in am incan Slock Exchange composite Badig tuesday. Slock Seles last Natch. Pall Corn Energy service 491,500 35 on i 417,100 1 on us Bio science 390.900 69 up4va Hasbro inc 354,200 35 off am medical bldg 335,300 8 up Fml of loom 331.000 24 up Cablevision sys 3 0.600 32 v. Up Wang labs inc b Phil Long d Tel 254,300 2 unch 203,500 29 up off Echo Bay mines 197.100 7 Dow Jones new Vork up Dow Jones dosing Range of avenges tuesday 301 or us trials 20 transport slut dues 65 stocks High 295b 14 122/54 221 96 iq/7 99 Low 2904 z4 1192.04 219/0 1056.52 close Chengos 7929.56 olt 5 62 1223 28 up 23.9? 220.64 on 100 10/0 05 3.37 holidays bring Rise in thieves looking for a steal at cafes by David Tarrant Staft 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 such 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 Europe. In 1989, 2,351 shoplifters were arrested and $869,000 Worth of merchandise was taken from cafes Europe exchanges. 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 still have the two busiest months coming up a he said. Improved video equipment is making it easier to catch shoplifters. Although some stores have used video cameras for several years most major stores have begun installing a computer enhanced More clearly a Dunn said. A and with the computer control he can follow them throughout the store to watch where they go and see what they do and then if they leave the store they re waiting for  Exchange detectives have already no shoplifting at cafes Europe merchandise stolen in thousands of dollars $869 Quot $750 shoplifters arrested video system. Located in domes on the tired a significantly higher rate of shop ceilings the system allows store Detec lifters 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 Quot 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 2,610 23 1989 1990 a amps Susan Harris source army and air Force Exchange service Europe office of safety Ana Security lives More control Over the cameras and gives them the ability to Monitor areas of 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 reductions in Grade. Military and civilian Low a person with a camera. He can zoom shoplifters lose their Exchange privileges the camera in to see what they re doing for a minimum of six months. Delta sends pan am into nose dive new York a pan american world airways averted an immediate shutdown tuesday and. The aviation Pioneer struggling in bankruptcy court worked late into the night trying to stay in business for at least several Days. Delta air lines which bought most of pan am a International routes last month backed out of a Deal to provide an additional $25 million in a reorganization plan that would have made the 64-year-old Carrier a smaller airline concentrating on latin America. Pan am attorney George Weisz told a packed bankruptcy court hearing that the airline had enough Money a $3 million to $4 million a to stay in business at Atlanta ranks least through wednesday avoiding an immediate shutdown. He said the airlines creditors were talking with a third party about providing $15 million needed to keep pan am alive through saturday. Trans world airlines chairman Carl Icahn was discussing the arrangement into the late hours tuesday sources said. A spokeswoman said Icahn declined comment. United airlines which was interested in pan am a latin american routes last summer was closely watching the situation said spokeswoman Lynn Martenstein. She declined to elaborate. Transportation Secretary Samuel k. Skinner criticized Delta a withdrawal. A i am disturbed that Delta has taken this action with virtually no notice and after weeks of negotiations during which the implication was clearly that the Deal was on track Quot Skinner said. Pan am began the Day with Hopes of emerging from bankruptcy and preserving a storied history including the first scheduled flights across the Atlantic and Pacific oceans and the first round the world service. But by the end of lengthy negotiations and a contentious hearing in . Bankruptcy court it was not Clear whether pan am would stay in the air much longer. New York a Atlanta is the Ity for business a Survey of inc nations Best City top executives snows. 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. No. 7 in business Survey the rankings including Sacramento Calif. Norfolk a. And new Orleans. 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 cities fell in Quot with the uncertainty of the Economy corporate America is looking at some of the traditional business centers Quot 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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