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Publication: European Stars and Stripes Thursday, June 18, 1992

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     European Stars and Stripes (Newspaper) - June 18, 1992, Darmstadt, Hesse                                1942-1992 50 years cd services amp a vol. 51, no. 62dollar decline 350 thursday june 18, 1992 d 8693 a How the Dollar has dropped in relationship to the British Pound the italian lira and the German Mark. May 28 june 10 june 17 Bates for the Mark and Pound Are the military Exchange rate the lira s rate is based on International banking figures. Shaky presidential race no help to falling dollars amps Susan Hir s by Randy Prui it staff writer first the Good news. For americans living overseas the . Dollar is expected to get better. The bad news is that it May be awhile and before then things could get worse. More than a weak . Economy is plaguing the Dollar this time. Uncertainty surrounding the . Presidential race also is making the currency less attractive to investors. Economists in France Germany and the United kingdom Are forecasting a stronger Dollar by years end. But two of them say the Greenback could first spiral to 1.50 Marks. Or even lower. The Dollar on wednesday was trading at 1.57 Deutsche Marks. The Exchange rate at military bases is 1.53 Marks today. Quot at the moment it looks As if there a not a Clear Winner in the electoral College Quot said David Simmonds chief Treasury economist for Midland Bank in London. Quot the Challenge by Ross Perot looks sufficiently Strong at this stage to cause problems Wilh the  Simmonds said pc role a strength weakens the Dollar. A it is going to make people nervous of holding dollars and that is going to Lead to the dollars weakening a he said. Eric Barandes senior economist for Citibank in both Frankfurt and Paris said he could Sec the Dollar rising Tutor in the year to Between 1.65 and 1.70 Marks. Quot hut see Dollar on Page 2yeltsin ending ss-18 Aler big nuclear missiles won t be targeted on . Washington a in a Public demonstration of Good will wednesday russian president Boris n. Yeltsin followed his landmark missile reduction Accord with president Bush by announcing that his deadliest nuclear weapons were being taken off trigger Alert. To thunderous applause from Congress the russian Leader said he was not waiting for the a ratified Start strategic arms reduction talks treaty to take effect. A we Are taking off Alert the heavy ss-18 missiles targeted on the United states of America a Yeltsin said. The treaty will require the russians to dismantle 154 of their 308 ss-18 missiles at the rate of 22 a year for seven years. The agreement Bush and Yeltsin announced on tuesday Wilt scrap Alt land based missiles with multiple warheads. The ss-18s form the Backbone of the soviet nuclear Arsenal and taking them off Alert will mean it could require hours or even Days for them to be made ready to fire again. The United states and Russia each made concessions to strike the Deal announced by the two presidents tuesday. It Means scrapping two thirds of their Long Range nuclear warheads and it is the most far reaching nuclear Accord in history. All land based missiles with multiple warheads will be dismantled by Ilie year 2003, Ami the . Navy shielded until now from having to scale Back will lose a sizable chunk of its nuclear Arsenal. The two countries also agreed tuesday to work out a system to guard against ballistic missile attack. Other countries will he invited to participate. Together the United states and Russia currently have More than 20,000 Long see Yeltsin on Page 2marines hate co s Static Over do show not much to Salvage residents of a housing development in Chandler on the Hill is gone. There ainu to nothing left a said minn., Survey the scene tuesday after a twister property owner Bill Mclaine. Tornadoes caused wiped out a Large part of their town. Quot every House heavy damage in four slates. See Story on Page 2. By Ciuck v1ncii Washington Bureau Washington some troops at the Marine Barracks Here Are fighting mad about a commanders decision that forbids them to tune their radios at work to a local de Jay a Ribald morning show. Several have called in anonymously to protest last weeks decision by col. , Flynn commander of the Marine Barracks to bar Doug a grease Many Tracht in workplaces on Post. Some disgruntled troops have framed the situation in first amendment terms a its ridiculous a said one no assigned to the Post. A they can Send us into combat to defend Freedom that we can to enjoy Here at  but a spokeswoman for Flynn said tiie colonel Leils to Rachli a show is detrimental to a Quot professional work  Quot its a longstanding Marine corps policy that we see marines on Page 2 it. A longstanding Marins corps policy that to Stravo to create a professional work  a warrant officer Ginny Bueno  
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