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Publication: European Stars and Stripes Friday, February 28, 1992

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     European Stars and Stripes (Newspaper) - February 28, 1992, Darmstadt, Hesse                                Toms a amp and a types vol. 50, no. 319 35 Friday february 28,1992 d 8693 jobless claims keep on rising Washington a jobless claims climbed in mid february for a second straight week As 459,000 americans made first time trips to the unemployment office the government said thursday. The labor department reported that the seasonally adjusted total for the week ending feb. 15 represented an increase of 7,000 claim applications from the previous week. The increase was led by higher claim applications in Texas and Oklahoma. States reporting the biggest decreases in claims were Michigan and California. It marked the second straight week that claims have risen following an even larger 18,000 increase for the week ending feb. 8. Analysts who had been expecting claims to decline slightly were disappointed by the new figure saving it showed that the Impact of layoffs was still being Felt in Many parts of the United states. While cautioning that the changes from week to week can be extremely volatile analysts noted that the four week moving average for claims has remained stuck at a discouraging by High level of around 450,000. Many economists believe that the unemployment rate which is currently at a recession High of 7.1 percent will move higher in coming months even if the Economy is Able to mount a sustained recovery beginning in the Spring. Tax Cut of d by House Bush plan is rejected Washington a the House approved a two year democratic tax Cut for wage earners thursday after rejecting president Bush a rival tax plan that was aimed at stimulating the Economy. The democratic plan which would be financed by raising taxes on the Rich squeaked by on a 221-210 vote. Bush a proposal whose key element was a Broad reduction in capital gains taxes failed on a nearly party line vote or 264-166. The substitute Bill then won final approval by a 221209 margin. The democratic Bill now goes to the Senate. Bush has said he would veto any Bill raising income taxes As these would do. A the one word that describes our Bill is fairness a said rep. Dan Rostenkowski d-ill., who chairs the House ways and Means committee. He said 92 percent of americans would get tax cuts and the richest 1 percent would pay More. A we need jobs we do not need envy and class warfare that the democratic plan would engender said rep. Mickey Edwards of Oklahoma chairman of the Republican policy committee. Rep. Tom Downey d-n.y., assailed Bush a proposal As a hopelessly and unalterably weighted toward wealthy  Bush a plan included a $5,000 credit for some Home buyers special tax  real estate professionals and a More generous tax break for business equipment purchased this year. Earlier speaker Thomas s. Foley predicted the democratic plan would pass the House and said he is not ready to concede that it will be vetoed by Bush. A the president is not in a position to know exactly the shape of the Bill that will make it to his desk because it still is subject to Senate consideration Foley told reporters. A the votes will be there to approve the democratic proposal which would Cut wage earners taxes at the expense of the Rich Foley said. A the differences Between the two approaches could see Cut on Page 2a liberation Day blast kuwaiti soldiers playfully Spray passers by with foam during on the capitals Gulf Street a somber mood prevailed for Many celebrations wednesday marking the first anniversary of the who lost loved ones during iraqis occupation or still have rela emirates liberation. Despite the outwardly festive atmosphere Tives imprisoned under the iraqi regime of Saddam Hussein. Candidates give take hard knocks by the associated press Bill Clinton Bob Kerrey and Paul Tsongas vied to attack one another thursday in a democratic presidential race growing tester by the Day. The Bush Campaign com Campaign Elaind that Patrick a Chanani a television commercials were Quot disgusting  a this Isnit a love fast a said Kerrey. And with seven contests and 783 delegates on next tuesdays democratic ballots there was no room for disagreement. After weeks of an unusually mannerly Campaign that did Little to establish a front runner Kerrey derided Clinton a reasons for not serving in Vietnam As  Clinton said Tsongas opposition to a Middle class tax Cut was  and Tsongas went after both his rivals see knocks on Page 2 Aid finding Way to Black Market not All the humanitarian Aid donated to Russia this Winter is going directly to the needy. Some of the food is winding up on the Black Market sold on the streets for marked up prices. See Story on Page 8  
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