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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                                To sfas 1942-1992 vol. 51, no. 62dollar decline 350how the Dollar has dropped in relationship to the British Pound the italian lira and the German Mark. Rates for the Mark and Pound Are the military Exchange rate. The lira s rate is based on International banking figures. 50 years of service in 7 thursday june 18,1992 a d 8693 a shaky presidential race no help to falling dollars amps Susan Harris by Randy Pruitt 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. A at the moment it looks As if there a not a Clear Winner in the electoral College a said David Simmonds chief Treasury economist for Midland Bank in London. A the Challenge by Ross Perot looks sufficiently Strong at this stage to cause problems with the  Simmonds said Perot 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 Quot he said. Eric Baranic senior economist for Citibank in both Frankfurt and Paris said he could see the Dollar rising later in the year to Between 1.65 and 1.70 Marks. A but see Dollar on Page 2 revelations May backfire Yeltsin s report on War prisoners threatens Aid Washington apr russian president Boris n. Yeltsin said wednesday that a we should not be penalized for providing information about . War prisoners in Advance of his pleas for Western economic Aid to a sceptical Congress. On the second Day of a Post cold War Summit that produced a breakthrough on nuclear disarmament the White House a ought a a Quick accounting of any . Servicemen from the Vietnam and other wars who May have been held As prisoners in the former soviet Union. A we expect some answers in a very Quick fashion a presidential spokesman Marlin Fitzwater said. Yeltsin a bid for congressional support for a $24 billion Western Aid package May have been undercut by his own surprising revelation about missing americans. Asked if he feared Congress would reject the economic Aid because of his disclosure Yeltsin said As he left a breakfast with vice president Dan Quayle a we made some information available. We should not be penalized for  Quayle agreed. A a we re going to have full cooperation full investigation of any kind of evidence that we have. That should be satisfactory for members of Congress a he said. Later at the White House he added �?o1 think it will approve it soon especially after my address today to  Yeltsin gave a speech to a joint meeting of Congress later in the morning. He was previewing his Appeal to Congress at a hotel a business Summit with corporate executives. President Bush on tuesday brushed off suggestions from some lawmakers see backfire on Page 2 not much to Salvage residents of a housing development in Chandler minn., Survey the scene tuesday after a twister wiped out a Large part of their town. A every House on the Hill is gone. There ainu to nothing left a said property owner Bill Mclaine. Tornadoes caused heavy damage in four states. See Story on Page 2.recruiting letter sent to Sailor killed on Iowa Cleveland a the Sailor cleared of blame in the battleship Iowa explosion that killed him and 46 shipmates has been invited to join the Navy Reserve his sister said tuesday. The Navy apologized for the letter sent to gunners mate Clayton m. Hartwig at his parents address. A needless to say my parents were severely traumatized a said Kathy Kubicina who fought a 2 /2-Vcar Battle to Clear her 25-year-old brother of blame in the april 19, 1989, explosion inside a gun Turret. A my father at first thought it was a joke a said Kubicina. She said he removed the address Label to see if it had been mailed to someone else Hartwig and then re addressed to his son As a hoax. A my Mother of course had been heartbroken. She was really traumatized a Kubicina said. Three months after the blast the Navy blamed Hartwig As the most Likely to have caused the explosion but it recanted the allegation oct. 17, saying there was no a Clear and convincing proof of a cause. The naval Reserve recruiting come in Burtonsville md., wrote to Hartwig at his parents address saying Quot you May still be eligible for military service in Thesee Sailor on Page 2  
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