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Publication: European Stars and Stripes Saturday, November 20, 1993

You are currently viewing page 14 of: European Stars and Stripes Saturday, November 20, 1993

   European Stars and Stripes (Newspaper) - November 20, 1993, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters saturday november 20,1993 today s rates try fixed Rales it which Community banking am credit Union facilities will sell for eign currencies to . Personnel f or pc son Al u so l. _ _ _ German Mark. 1.67 British Pound. 1.52 dutch Guilder. 1.07 greek drachma. 237.3571 nolo Trio Valoi Ahorn apply within the Host or 1ry Fife Tiina Ato. Or Oss ocl in dollars to the Riri Tinh poor id. Othor currencies to Tho Dollar following Are Interbank rates that Flut Fate and should he re carded As the approximate value of the . Dollar to foreign Curren cies italian lira. 1,672.50 turkish lira. 1.3,320.00 Spanish peseta. 138.02 portuguese pseudo. 174.55 austrian Schilling. 12.0525 saudi Royal. 3.75 Bahrain Dinar. 0.3767 kuwaiti Dinar. 0.2984norwegian Krone. 7.439 danish Krone. 6.797 British Pound 1.4745 German Mark 1.7138 Swiss franc. 1.5075 French franc. 5.9455 dutch Guilder. 1.9253 belgian franc. 36.49 Canadian Dollar. 1.3227 note figures we a pros a in 6 3v 6v 27 248.000 26 224,800 5v� stocks in thursday. Nth Chi. 0a. Oft off Oft i up1/ Unco Tuncsi Alfh uncut Dow Jones new York l i Dow Jones closing Ranje of averages on thursday. He a Law cum met 30 industrials 372195 3649.57 3685.34 off 19.01. 20transport 175101 17148 1733.06 up 1.07 15 utilities 22627 22265 225.15 ugo.1365 stocks 136927 134271 1356.54 Oft 3.35 Clinton says . Must move to expand Trade in world Seattle a president Clinton urged americans on Friday not to turn their backs on economic change sweeping the  said the United states has no alternative hut to expand global Trade and he said Asia represents the fastest growing Region in the world. There is no alternative Clinton said Ina speech to top business leaders in Seattle for a conference that brings together Pacific rim leaders. Exports Are the life s blood of . Economic  we must compete not Retreat Clin ton said. We cannot confuse Pur objectives with our problems. We have no alter native even in a time of slow global economic growth to taking the Steps to expand world  the cold War May be Ovet Clinton said but the United states is not about to pull up its stakes and go Home. Buoyed by wednesday s congressional Victory on free miners reportedly close to new pact Charleston . A negotiators were said to be close to a settlement in the six month strike by up to 17,500 Coal miners in the Midwest and Appalachia. The United mine workers and the Bitu Minous Coal operators association were to resume talks Friday in Washington. The Union is fighting the companies use of nonunion subsidiaries the Coal Compa Nies say they need such operations to com Pete with nonunion and foreign suppliers. Trade with Canada and Mexico Clinto said the vote sends a message that our hemisphere wanted to hear and that  world needs to  Clinton who described himself thurs Day As a Rug merchant is trying with his presence in Seattle to boost . Business in the Pacific and to Spur europeans to wrap up a global Accra to liberalize Trad ing rules by . 15. These countries have gone from being dominoes to dynamos Clinton said of Asia s booming economies. He called modern Asia a Region that has to be vital for our  meeting in this Pacific Export Cen Ter focused attention on growing .Trade with Asia but also stirred reminders of jobs moving overseas. The City s largest employer and the nation s top exporter the Boeing co., has lost 20,000 jobs in thelast two years and there Are Union complaints that some of the work is being exported. Clinton s response was to de Clare that change is always hard. Me said the United states was working to Speed the conversion of companies that concentrated on defense during the cold War. We simply cannot let our National Wor Ries Blind us to our National interest he said. More than Ever our Security is tied to  United states has a Trade deficit with nearly All the asian nations. But in creasing the . Share of the asian mar Ket even by 1 percent would create 300,000jobs for americans he said. Turning to the most difficult event of the Day Clinton said he hoped to put relations with China on a More constructive path but still Deal with Sticky issues when he meets with president Jiang Zemin. The main problem is China s human rights re Cord but there Are others As Well including a gaping $18 billion deficit in . Trade with China. Russia bound Rocky Mountain cows Likely to find heaven on the Range f.  Denver a when 104 head of cattle arrive in Moscow by overnight de livery saturday they la be wearing Diamond six d brands and have a real american Cowboy As their escort. The mixed Breed cattle four bulls and 100 pregnant cows Are a gift to Russia s Arroco Flyge from Denver businessman Wren l. Benton. Benton owns the Diamond six d near of All places Krimmling in Colorado s High country. These cattle will think they be gone to heaven said Nancy Jordan Benton s daughter and president of the Diamond six. They la be put on Waist High  the Herd will demonstrate that mixed Breed cattle can withstand the extremes of russian Winters and help educate rus sians in Western ranching practices. The cattle have been quarantined in Denver for the past month. They won t be allowed to touch the ground from the time they leave the National Western Stock show Complex on Friday until they arrive in Russia. They la be kept three or four to a pen for the 17-hour flight aboard the Federal express dc-10 jetliner in a pressurized Bay with a temperature of 65. Re fueling stops Are scheduled in new York and Frankfurt  russian government is picking up the Cost of  manager Dan Bock visited Russia recently to scout suitable Range land. He described the Range As rolling Hills with Birch Trees Jordan said. Fences Haven t been completed for the entire Herd Sothey la be broken into two groups  Bock will accompany the cattle on the plane. Three other cowboys Are flying Over separately so they can help unload the Stock and move it to the agr College. Dan Bock looks Over part of the Herd of 104 cattle selected for the trip to Russia. Bock accompanied by his wife will re turn to Russia in March to oversee vac i  calves being born will be an exciting moment for All of us Bock said. That s what this is All  the climate in Russia is amazingly close to what we be got up at Kremmling Jordan said. They be got some of the same problems so we re sending Over some of our Mineral  this will be the fourth shipment of cattle from the United states to Russia in recent years the department of agriculture said. The first 60 registered Holstein bulls was in 1990. In 1992, two shipments totalling More than 550 head were sponsored by Colorado genetics Lego apparently sees Disney blocking Park plan Manassas a. A Mickey Minnie and goofy have apparently scared the legos right out of Virginia. Danish to maker Lego inc. Has decided to build its first . Theme Park in California instead of Virginia Virginia gov. L. Douglas Wilder said thursday. Lego would t confirm the decision but the company scheduled a news con Ference for Friday in Carlsbad calif., near san Diego. Wilder said Lego was worried about competing with the theme Park that Walt Disney co. Announced last week it would build in Virginia near Washington . Both companies have said they did not consider the other s plans in making a decision. But Disney s Park scheduled to open in 1998, will be much larger than Lego s. Lego whose . Headquarters is in Enfield conn., plans to open a $100 Mil lion theme Park in 1998 or 1999 based on us popular plastic building blocks. It will include amusement rides and educational features aimed at families. Lego estimates its Park will draw 1.8 million visitors annually and create a least 100 full time and 600 part time jobs. Lego considered More than 600 communities during a two year search. It Nar rowed the choices to Virginia and Cali fornia earlier this year. Virginia offered Lego $39.5 million i incentives including an expanded High Way interchange a rail station and a four Lane Lego Parkway. Lego operates a Lego land near its Bil Lund Denmark Headquarters and is building a second Park near Windsor England  
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