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Publication: European Stars and Stripes Monday, January 4, 1993

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     European Stars and Stripes (Newspaper) - January 4, 1993, Darmstadt, Hesse                                Imbnday1-january 4, 1993 Money matters the stars and stripes 0 Page 17 today a rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use. German Mark 1.57 British Pound 1.56 dutch Guilder a a a a a a a a 1.77 greek drachma 208.6129 Mote the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies a a a quota a italian lira turkish lira 8,551.50 spa blah peseta 114.40 portuguese escudo 145.41 austrian Schilling 11.315 saudi Hal a Saab it ss4sa a a a a a a 3.7495 Bahrain Dinar 0.37675 Kuwait Dinar 0.3023 norwegian Krone 6.90 danish Krone 6.24 British Pound German Mark 1.6175 Swiss franc 1.462 French franc 5.065 dutch Guilder 1.81 belgian franc 32.20 Canadian Dollar 1.2686 note figures Ere expressed in dollars to the British Pound other currencies to the Dollar Gold quote 333.25 an ounce Silver quote $3.70 an ounce a a activists protest use of animals in car crash tests los Angeles up about 30 animal rights activists staged a protest  the los Angeles Auto show at the convention Center to draw attention to alleged use of. Animals in crash tests by general motors. The two hour peaceful protest was staged by people for the ethical treatment of animals. No arrests were made. The National director of Peta Ingrid Newkirk said pm is the last . Car manufacturer that still uses animals in car testing. Pm officials were not available for comment. # saturdays protest was part of the animal rights activists Quot Heartbreak of american Campaign. Seven animal rights activists were arrested Friday when they charged a pm float in the Rose Parade in nearby Pasadena. Newkirk said members of her group would be present at every pm stockholders meeting Golf tournament and car show until pm stops using animals in tests. She said Peta received statistics through the Freedom of information act that showed pm uses ferrets Guinea pigs and pigs in car testing. By Chet Currier. A business writer new York the american consumer will help to answer question no. 1 on Wall streets Agenda for the new year. After the Pace of the Economy picked up significantly in the late stages of 1992, analysts arc wondering can it sustain that momentum and build on it in 93? Many observers suspect if wont take Long to determine whether the Latc-1992 upsurge in Confidence and spending was just a postal Eliop Holiday fling or the Start of something with More staying  a despite the recent postelection euphoria the . Economy still faces several significant barriers to faster economic growth a says the accounting firm Price waterhouse in an appraisal of the Outlook for the National retail federation. A real recovery depends on a recovery in the labor Market until . Businesses a Complete the process of restructuring both income and Job growth will remain depressed. Without Job growth consumer Confidence will go nowhere. Without income growth Consumers have neither the savings nor the debt capacity to expand real  despite those restraints consumer spending in the just completed Christmas Selling season turned into a a Bonanza a As described by Wall streets Johnson red Book service which reports ii retailing. Since the presidential election in Early november meanwhile the various gauges that attempt to measure consumer  surged upward. At the same time labor Market indicators such As initial Lainis for state Unema ploy ment insurance have started to Ini prove notably As Well. A the rebound in consumer Confidence measures suggests the consumer recovery is sustainable a declares Edward Yard it chief economist at . Lawrence inc. A people arc More optimistic because the Job situation is  still quite a few people worry that this trend might bog Down in the new year As credit card Bills from the holidays come due. A a. A a a a. One concern is that Confidence might falter again with a fading of the a a honeymoon that has been accorded president elect Clinton since he won the election. Another is that spending could stall in the late Winter and Spring when a Small or than usual number of in come tax refunds becomes available to Consumers. In Early 1992, president Bush ordered Consumers in changes in withholding taxes to try to stimulate the Economy. As a result this year a Many Consumers who have become accustomed to getting a tax refund Are going to find out that they owe the government a Tittle something extra a Price waterhouse observes. Amid such uncertainties the Stock Market closed out 1992 on a subdued note in the past week the Dow Jones a Erdic of 30 industrials finished thursday at 3,301,11, Down 25.13 Points from the week before. The Nash a composite Index for the Over the counter Market however forged ahead 1097 to 676.95, hitting new highs. At the american Stock Exchange the Market value it Dix was up 5.06 at 399.23. Both investors and Consumers will be watching closely As Clinton lakes office later this month. His Early policy decisions could have a big Impact on the shifting psychological climate that seems to have played such an important part in the Economy a recent improvement. But however the political script plays out a Good Many analysts believe forces have been set in motion to encourage continuing Progress for economic recovery writhe months ahead. Coin of the realm the new 1993 Coronation Crown minted in England to com circulation until june the anniversary of her Coronation which numerate the 40th anniversary of Queen Elizabeth is Corona came almost 1w years alter she assumed the throne. The Coin is lion became Legal tender on Friday. It will not be in general Worth 5 pounds or about $7,75i Industry leaders Hope to improve image in 93 by Philip 1. Rosenbaum Quot tha associated press new York a hoping to forget the unpleasant Ries of 1992 and get a fresh Start in the new year some companies Are shopping for new Public images by reintroducing themselves to american Consumers. Troubled computer maker ism and Domino s pizza lac., for example unveiled new advertisements this past week designed to show they re keeping up with the times. Procter amp gamblers Max Factor line is planning a new assortment of items intended to recapture business lost to competitors. All three have been criticized by Industry analysts As slow to respond to trends in business and consumer tastes. Ism which plans to Cut 25,000 jobs in 1993 and reduce $1 billion from development and overhead spend ing stresses its 1992 achievements in the new ads such As growth in services. Prepared by Wells Rich Greene a dip a major new York advertising Agency the and does no to directly mention in my a profound problems which helped devastate the company a Stock value in december. Instead the and which first appeared in last thursdays Wall Street journal and will run elsewhere begins a we would like to put some perspective on events that have occurred Over the past few  the and says ism has been reshaping itself for several years and is making the transition from a leading provider Olarge scale computers into software services and Jimoler machines. For Procter amp Gamble the highly successful consumer products conglomerate the revamping of Max Factor cosmetics looks like part of a year end compulsion to put fresh makeup on an old face. The Max Factor line acquired by Procter amp Gamble for $1.06 billion from Revlon inc., will feature More elegant styling and substantially More Eye Shadow and Blush colors. With the new approach a amp a is trying to regain Market share lost in the $2.1 billion . Mass merchandise cosmetics Market to two rivals that have already reworked their lines Revlon and la Oreal. Domino a which gained Fame by guaranteeing pizza delivery Quot within 30 minutes began new television commercials this past week promising customers a a something for nothing from  for example customers ordering a Large pizza with one or More toppings get a free salad and breadsticks. The Campaign also features a new animated character intended to symbolize the fresher More energetic image dominoes and its and firm Grey advertising inc., Are seeking. The character based on the dominoes logo is a hip Young Domino that wears sunglasses and sneakers  
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