European Stars and Stripes (Newspaper) - January 14, 1993, Darmstadt, Hesse 12 b the stars and stripes Money matters thursday january 14,1993 today a Bates he following arc fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use German Mark. 1,59 British Pound 1.58 dutch Guilder 1.79 greek drachma a a a a a tie 211.5965 nets tto rafts above apply within the Host country. Figures Ere express Din 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 Curreri cies italian lira1,508,62 turkish lira. 0,721.20 Spanish peseta 116.14 portuguese escudo 146.39 austrian Schilling 11.515 saudi rial 3.7501 Bahrain Dinar 0.37675 Kuwait Dinar 0.3044 norwegian Krone a 6.90 danish Krone 1 a aah a he he a aaa i 6.3175 British Pound atm Ataa a a aah a in 1.5425 Gorman Mark 6310 Swiss franc he a Haas an 1.495 French franc 5.5325 dutch Guilder 1.0355 belgian Frane Itaas Ataa a aaa Aaan Kaaa 33.57 Canadian Dollar 1.2819 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $327.50 in ounce Silver quote $3.69 an ounce. New York Exchange new York m a the 15 most Active stocks in new York Stock Exchange composite hiding on tuesday. Stock Salta Lettl nil cup Eastman Kodak 7,006,600 47ft up 2ft ism corp 4,862.100 48ft up 1 narc Kocor. 4,309,600 48ft unch Chrysler corp 3,941,800 34ft off 1ft Glaxo holdings 3.939,500 22h off it k Mart com 3,355.800 22ft up it tet Fonos a my. 3,010,000 55ft a up it Tucson elec per 2,275,900 2ft unch Nath Lytfi Labi 2,135,200 15 off it Rwjr Nabisco mid 2.089,300 8ft unch March a co inc 2,084,300 42 it off it Philip Morris 1,835,600 75 up it Abbott Labi inc 1,784,500 28ft off it general motor. 1,761,100 34 it unch Dupont amp co 1,729,400. 45ft off it american Exchange Mew York 0jpi> the 10 most Active stocks in american Stock Exchange composite trading tuesday. Slack fatal last it chg. Kurter Ditl comm 775,000 10ft. Up 14 charter med cup 668,500 10ft up it 578,700 1ft unch hello Gold Mina 495,700 5vfc unch am medical bldg 349,200 12ft up /. Amdahl com 335,100 6ft off it Echo in mines 334,600 4ft up 1-16 Lilliaven corp 324,500 3 11-16 Oil it us alcohol Tolg 311,700 2% off it Enios Yochem 300,400 7ft off it l Dow Jones 1 new York Iii dour Jones closing Range of averages tuesday High Low close change 30 industrials 3287.06 3229.79 3264.64 up 1.89 20 transport 1496 75 1462.70 1482.24 off 7.46 16wuties 219.14 216.95 218.39 off 0 25 65 stocks 1212.63 1190 79 1203 86 off 1.79 Washington at Lloyd Bentsen is delivering a sober budget message to old friends in the Senate they must help erase red Ink with measures requiring painful sacrifice and even a tax increase must be considered. A it will be a Tough package Quot if it truly cuts the deficit president elect Clinton s Choice for Treasury Secretary said tuesday at his confirmation hearing before the Senate finance committee. For Bentsen a Texas Democrat who has been chairman of the committee the hearing was a Triumph. Fellow lawmakers gave him a standing ovation and were lavish in their Praise. But his message was glum. Rising deficit estimates a make it far More difficult to achieve that kind of tax Cut Quot for Middle class americans promised by Clinton he said. He spoke of the need to a address entitlements Quot by considering restrictions on social Security benefits medicare and medicaid. Higher taxes cannot be ruled out he said. There have been More than a dozen tax increases for deficit reduction since 1982. President Reagan signed most of them. President Bush signed one big one and paid the Price. But Congress and the administration have already cleaned the shelves of the relatively easy to Swal of tax increases. Clinton spoke often during the Campaign of two relatively painless ideas raising taxes paid by the Well to do a those in the Range of $200,000 and up a airlines fight new fare War new York a Northwest airlines has touched off another air far said monday it would give 20 percent discounts to two people travelling together 30 percent to groups of three and 40 percent to groups of four or Moreon tuesday trans world airlines United airlines and Continental airlines said they would match All or some of the cuts. And Delta air lines plans to go one better the Wall Street journal reported wednesday the journal said that in markets where Delta competes with Northwest Delta will Cut its lowest Leisure fares 40 percent on flights monday through thursday and 30 percent on some flights Friday through sunday Lloyd Bentsen and making multinational corporations pay a greater share. Unfortunately neither source would make a sizable Dent in the $300 billion a year deficit. So what s left Here Are some options compiled by the congressional budget office a gasoline raise the 20.1-cent-a-Gal-Lon gasoline tax by As much As 50 cents. Ross Perot who ran for president As an Independent last year is for it. Rural state lawmakers Are opposed. Each additional Penny brings in about $1 billion a year. A health insurance workers accept As tax free income the health insurance premiums their employers pay. Employers subtract the Money from their taxable income. Taxing the value above $335 a month for a family plan and Over $135 for individuals would bring in about $20 billion. Titis change already is being considered As one Way to help pay for a National health plan. A mortgage interest eliminating this deduction a possibility about As Remote As repealing social Security would bring in $50 billion. Limiting the write off to $20,000 per return would save $5 billion. Almost wiping it out for. Second Homes would save less than $400,000., a itemized deductions if taxpayers in the 28 percent and 31 percent tax brackets a generally Middle and upper income people a were allowed to use itemized deductions Only against that part of their earnings subject to the Bottom 15 percent rate the government would save $60 billion. A social Security couples with total a a id single $25,000 pay tax on up to half their social income Over $32,000 and singles above Security benefits. Taxing 85 percent instead would produce $6 billion taxing 85 percent of All social Security benefits regardless of total income would raise $22 billion. A individual tax rates raising the three rates a 15 percent 28 percent and 31 percent a to 16 percent 30 percent and 33 percent would raise $34 billion. Raising Only the top bracket to 33 percent would raise $17 billion. Company with divulging information Washington a the Federal Trade commission has charged a major credit Bureau with illegally using its credit records to help telemarketers and direct mail operations. The Etc alleged tuesday that trans Union corp. Used a sensitive federally protected credit information from its consumer reporting data base to compile the lists for clients a for purposes not permitted under the the company has advertised its lists in direct marketing publications theft said. The Etc also reached a settlement with another of the three major credit bureaus a try inc. A that would allow the company to make lists from its records As Long As it does not reveal any information about individual credit relationships credit worthiness or behaviour of the consumer. In a statement issued from its Chicago Headquarters trans Union denied the Etc charges. A trans Union does not sell credit reports for direct marketing purposes and it does not release any confidential credit data or similarly sensitive information on Consumers to direct marketers Quot the company said. The Etc said trans Union however regularly provides lists of Consumers who meet certain criteria to credit Gran tors but fails to require that those Gran tors make a firm offer of credit to each person on the list As required by Federal Law rules make it cheaper to Call from . Pay phones Washington a the next time you make a Long distance Call from a pay phone try charging it through the Long distance company you use for Home or business Calls. If you can t get through the Federal communications commission wants to know about it. New rules requiring pay phones to provide Access to any Long distance company took effect this week a Consumers Are going to be helping us know whether we Are going to be taking action in particular cases a acc enforcement attorney Kurt Schroeder said. The rules also affect institutions that charge for Calls such As hotels motels and hospitals. But some have up to five years to comply. The Issue arose because Consumers complained that Long distance Calls from pay phones were showing up on their Bills at excessively nigh rates from companies they a never heard of. That s because individual pay phone owners had exclusive contracts with Long distance providers which in some cases were Small regional companies. These a alternate operator services often charged two times to five times As much As american Telephone amp Telegraph co., Sci communications corp and sprint said Ken Mceidowney of consumer action the san Francisco group petitioned for the new acc rules. Every time a caller made an operator assisted Call from a pay phone charges automatically went to the operator services company. Consumers who thought they were getting Access to their own Long distance company by using a local phone company card that billed their Home phones were surprised by the charges from an alternate company. Callers who tried to use credit cards from Paw Long distance companies sometimes were unable t through at All. Consumers at pay phones were trapped Mcelney said a what Are you going to do a get Back i car and find another phone Quot a put 400 Small Long distance comp Ana 244,000 Independent pay phones in the u states. Mceidowney and Schroeder said Consumers is be on the Lookout for compliance. Their advice when placing a Long distance Call a pay phone look to see which Long distance com serves it. If it s not your Long distance company your company a Access code to get into its by usually a five digit number that starts with 10. In could be an 800 or 950 number
