European Stars and Stripes (Newspaper) - April 10, 1992, Darmstadt, Hesse                                Friday april 10, 1992 the stars and stripes a Page 17money matters pet Bills millions of Consumers could expect their monthly Cable television to fall or at least quit rising so fast under legislation that cleared a major hurdle in the House on wednesday. The House Energy and Commerce telecommunications subcommittee approved on a 17-7 vote a Bill to re regulate the nations 11,000 Cable systems. A similar Bill was passed by the Senate 73-18, in january. Key lawmakers Are looking at getting a final package merging the two versions to president Bush for his signature or veto this fall. In addition to regulating the rates that Cable companies May charge the Bill would require them to offer Cable Only Prog Tennial competitors such As satellite trams to to Illius and microwave Cable companies conversion rates London up thursdays 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 $336.40 an ounce Silver at $4.09. April 8 april 9 British Pound.1.7474 1.7430 German mark.1.6275 1.6358 French franc.5.5065 5.5388 dutch guilder.1.8294 1.8405 belgian franc.33.52 33.64 italian lira.1,226.70 1,233.00 Swiss franc.1.4935 1.5025 greek drachma.190.59 191.40 turkish lira.6,260.60 6,303.80 saudi arabian Riyal .3.7502 3.7500 Spanish peseta.103.28 103.65 portuguese escudo.139.52 140.37 Canadian dollar.1.1882 1.1908 austrian schilling.11.4320 11.5075 norwegian krone.6.383 6.424 danish krone.6.304 6.344 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rates concerns the Sale of British pounds and German Marks to . Personnel for personal use. Through Friday these will be $1.79 for a Pound and 1.59 Marks to a Dollar based on Price fixings thursday afternoon at military banking  York Exchange new York up a York Stock Exchange Stock Tel Fonos de my at amp to company Glaxo holdings ism corp chemical Bank general motors Rwjr Nabisco hid Wal Mart stores Philip Morris adv Micro docs genl electric a Pepsico inc get corp Citicorp waste mgt inc the 15 most Active stocks in new composite trading on wednesday. Sum last Natta 3.888.800 55 via Quot a 3.748.500 40 % 3.528.400 26 a 3.020.100 84 % 2.998.100 29 a 2,553,000 37 4k 2.505.500 9 % 2.480.400 51 4k 2.368.500 75 4k 2,363,900 17 4k 2.151.800 72 4k 2,123,200 34% 1.981.500 29 1.919.100 15 a 1.872.100 37 Vuk up o�1 Vuk up Vuk up 2% off 1 Vuk off Vuk off Vuk off Vuk off 44 unch off 1 i up Vuk off up Vuk off a a american Exchange new York american Stock Stock pm group web Wang labs inc b Chambers Dev a Alz corp Elan corp pc us Bio science Amdahl corp Americus desc fruit of loom Ivan Cor the ton most Active mocks in change composite trading wednesday. Mas last Natcha. 745.800 15% up 709,600 4 % 692.100 8 % 630.400 40% 603.100 38% 592.800 12 Vuk 539.800 15 Vuk 414.400 4 % 407,700 33 Vuk 351.100 28% k off a off Vuk off 1 % unch off Vuk off 0ff% off Verdow Jones new York up a Dow Jonas dosing Range of averages wednesday wife a feta 30 industrials 322v38 3141.77 3181.35 20 transport 1316.89 1283.07 1301.57 is utilities 202.80 199.67 200 74 65 stocks 1140.28 1113.18 1126.71 Mckeefe off 32 20 off 10.65 off 1.56 off 10.43 real recovery indicated despite continuing layoffs Washington apr economists believe that this time around unlike last year the recovery is for real. But they acknowledge that they Are making that forecast with their fingers crossed. Many analysts including the Bush administrations say that recent gains in consumer spending housing construction and business Confidence Are All pointing to better Days ahead. However they still fret about lingering weakness in the labor Market where layoffs have yet to Abate. The government was scheduled to reveal More details thursday on both the Economy a strength and inflation with release 01 reports on wholesale prices last month and jobless claims for the final week in March. Analysts were predicting Good news on the unemployment and inflation fronts. Michael Niemira economist for Mitsu Bishi Bank in new York said he believed that the number of americans making first time trips to unemployment offices probably fell in the last week in March to around 445,000, a drop of 11,000 from the previous week. Despite this improvement analysts said they still did not look for the Overall unemployment rate to show much improvement until summer. It has remained stuck at a six year High of 7.3 percent for the past two months. On inflation analysts were looking for a Small increase of around 0.2 percent for the labor department s producer Price Index which measures inflation before it reaches the consumer level. Donald Ratajczak head of the economic forecasting unit at Georgia state University said he expected that the increase in wholesale prices in March would match the 0.2 percent february Rise. For the year Ratajczak was forecasting a 2.7 percent Rise in wholesale prices up Only slightly from a 2.1 percent gain re analysts were looking for inflation at the consumer level to remain docile As Well. A we Are forecasting Good inflation news lasting probably until 1994,�?T�?T said David Wyss an economist at Dri Mcgraw Hill an economic consulting firm in Lexington mass. Wyss said he believed that this years rebound is for real in part because the extended period of weakness is leading to pent up demand for Homes and autos and businesses and Consumers have had More time to work Down excess Levels of debt. South rated Low in economic Outlook Washington a new England is Well positioned for recovery while the South lacks the resources to take full advantage of an upturn according to a private group. The corporation for Enterprise development which rated the economies of the 50 states gave High Marks to such states As Connecticut new Jersey and Vermont even though they Are among those suffering the most now. Others getting All a a and bus in three categories rated were Delaware Maryland Minnesota and Utah. The three states with the worst grades were Louisiana Oklahoma and West Virginia. The difference Between the states on the Honor Roll and those with failing grades is the capacity to Foster Long term economic growth the report said. A creating jobs Isnit the answer to the talk getting tougher on Japan Trade Issue by Cox news service Washington a Calls Are mounting in Washington to impose sanctions aimed at stemming the widening .-Japan Trade Gap. White House opposition to such measures has prevented them in the past and continues to head them off for now. But a broadening base of politicians has begun to embrace a get Tough approach. A it is Japan that must change a a rep. Vardiss Collins d-ill., declared wednesday at a hearing on House legislation that would limit the number of automobiles Japan May ship to the United states unless the yawning Trade imbalance improves by specific percentages each year. Such politicians As House Republican whip Newt Gingrich of Georgia and former democratic presidential candidate Paul Tsongas Are also joining the Call. A you done to have to be hostile to be Tough a said Gingrich. He said Washington should play hardball with Japan by demanding that Tokyo abandon Trade practices . Policymakers deem to be unfair or be prepared to suffer reduced Access to american markets. Amid such talk Japan a Auto Industry is invariably spotlighted because Trade in cars Light trucks and parts accounts for nearly 70 percent of the .-Japan Trade imbalance. Indeed it accounts for 45 percent of the country a entire global Trade deficit which was $66.2 billion last year. The Bill a chances for passage appear Remote. But elements of it seem Likely to resurface As part of a broader House Trade package the ways and Means committee begins drafting this month. But supporters of such a package concede that legislation alone wont solve the .-Japan Trade imbalance. Creating Good jobs that improve people s living standards is the answer a the corporation for Enterprise development nations economic ills. Creating Good jobs that improve Peoples living standards is the answer a it said. Here is the groups evaluation a the Northeast reflects a an underlying strength despite a a worrisome Short term  business a the Industrial Midwest a is the turnaround Region. Hammered by the last recession it has worked on its liabilities built upon its assets and created an Economy healthier  a the Plains states have a a split personality. Iowa Nebraska and Kansas have rallied since the farm  but a the Dakotas and Oklahoma arc less  a the South a is less prepared than other regions to take advantage of an  a the Mountain West is the a most uneven Region. Utah Colorado and Nevada Are a outstanding performers a but their neighbors lag. A the Pacific has a More. Potential for greatness than other states. But some states like Washington with its logging and aircraft industries rely too heavily on just one or two businesses.$1.32 billion in contracts awarded for 5 destroyers from wire reports Beverly Hills Calif. A the Navy said wednesday it had awarded $1.32 billion in contracts for five guided missile destroyers a three to Bath Iron works and two to Litton industries. The ships Are dubbed Arleigh Burke class Aegis guided missile destroyers. Bath Iron works will build its three ships at its shipyards in Bath Maine while Litton a will be built at its Ingalls shipbuilding division in Pascagoula miss. The awards a -$749.9 million to Bath Iron works and $571.6 million to Litton a brings to 22 the number of Aegis destroyers under contract. Bath Iron works will build 12 of the ships and Litton will build the other 10.caterpillar accuses Union Peoria 111. A Caterpillar inc. Has struck Back at striking members of the United Auto workers Union filing unfair labor practice charges very similar to ones the Union filed against the heavy equipment maker. The company accused the Union of engaging in surveillance of and privately and publicly threatening members who have crossed picket lines. The Union earlier filed unfair labor charges against the company accusing it of conducting surveillance of workers and using threats and intimidation. The dispute has entered on the unions demand for a contract patterned after the one it negotiated with Deere amp co. Neither Side has clearly explained what is contained in the Deere pact they like or find objectionable depending on their Point of View