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Publication: European Stars and Stripes Sunday, November 21, 1993

You are currently viewing page 19 of: European Stars and Stripes Sunday, November 21, 1993

   European Stars and Stripes (Newspaper) - November 21, 1993, Darmstadt, Hesse                                Page 20 the stars and stripes Money matters sunday november 21.1993 Dollar watch shown below Are me highest Dollar Exchange rates for the week of nov. T5 19 compared with Dollar rates for the same period one year and five years ago. German mark1 one Dollar would buy you 1.671.73 1w3 my Mem military Exchange rate British Pound one Pound would Cost you 1.51 belgian franc one Dollar would buy you. Dutch Guilder one Dollar would buy you. 1.86 French franc one Dollar would buy you 5.92 5.965.40greek drachma one Dollar would buy you 236.96 144.60 italian lira one Dollar would buy Yot 1,672 1,303 1mb Spanish peseta one Dollar would buy you 137.78 114.57 115.20 1w j turkish lira one Dollar would buy you 13,463 8,166 1m3 Union Sci Washington a president Linton s proposed quadrupling of the cigarette tax to pay for health care would destroy 81,000 jobs Union officials rep resenting tobacco workers said Friday. Asking one group of workers one Industry and one Region of the country the South to foot the Bill for a National program is simply not fair Robert cur tis president of the Kentucky Al to told a news conference in the Capitol Southern Union leaders and tobacco growers said suggestions that Laid off to Bacco workers could be retrained for new jobs is unrealistic. Most displaced tobacco worker would find themselves lost in the want ads where they would find Only mini mum wage or part time employment opportunities said Chris Scott president of the North Carolina Al Cio. Clinton has asked Congress to raise the 24-cent-a-pack Federal tax on cigarettes to 99 cents to provide a share of the new Money needed to finance an overhaul of the health care system. Taxes on cigars snuff and other tobacco products would be raised similarly. The proposed tax increase also was the subject of a House ways and Means committee hearing Friday with testimony from tobacco state lawmakers seeking to protect the jobs of constituents an from others who View tobacco As a major health Hazard. Frank k. Chaloupka testifying for the american lung association told the committee that Public health researcher Sand economists have concluded higher cigarette excise taxes Are the single most Rice would be Nice a College student at Sanshu University s Ikuta Campus located on Tokyo s outskirts reads a notice that says due to Rice shortage Large Rice Servings Are  normally 16,000 students consume 10 tons of Rice monthly at Campus dining  of a record Low Harvest this year the government has decided to tap Ort Rice from Thailand and the United states. California wins Lego theme land assail tax plan effective Public policy measure for reducing cigarette  the Bottom line is that an increase inthe Federal excise tax will save lives by reducing the number of people who die from tobacco related diseases Chaloupka said. Clyde Behney assistant director of Congress office of technology assess ment estimated that As Many As 417,000americans died in 1990 As a consequence of smoking and that the total financial Cost of smoking was $68 billion or $2,59 per pack of  rep. Edward j. Markey d-mass.,urged the committee to approve a big in crease in tobacco taxes As a Way to keep the 3,000 Young people who begin smok ing each year from making this  . Trade deficit runs sharply higher Washington a a surge of automobiles and other imports in sep tember widened the monthly . Mer Chandise Trade deficit to $10.9 billion the government said Friday. For the first nine months of the year the Trade Gap is running at an annual rate of $117.3 billion far higher than Las year s $84.5 billion. That puts the United states on track for the worst Trade performance since 1988. A rare deficit with Mexico and the larg est imbalance with Japan in five months contributed to the 8.3 percent increase inthe Trade Gap from August to september the Commerce department said. A 3.4 percent increase in imports to record $49.8 billion overwhelmed a 2.1 percent Rise in exports to $38.9  was one of the few areas of strength in the american Economy during the 1990-91 recession but it has turned into an economic drag this year. By the los Angeles times Carlsbad  fro the danish toy maker Lego officially unveiled plans Friday for a 40-acre, $100million theme Park in this southwestern California City. The Park would feature sculpted Gar Dens gentle rides for children and replicas of historical monuments made from millions of the tiny plastic bricks that arc found in 70 percent of american House holds with children. The enthusiasm of state and local officials pent up for a Day after receiving word that Carlsbad had bested Prince William county va., in a Competition for the Park was showcased at an upbeat news conference that resembled an eco nomic Pep rally. Last january i told the people of California that we were going to rebuild this state s Economy Job by Job by Job said gov. Pete Wilson. Now with Lego com ing to California we can also say we redoing to do it Block by Block by  in february Lego narrowed its Ameri can choices to Carlsbad and Prince Wil Liam county from a list that originally included 600 possible Sites. California has offered Lego $7 million in new roads overpasses and marketing assistance. The state water resource control Board has provided a $5 million Low interest loan for water reclamation. Lego based in Lillund Denmark Hopes to open the Park in 1999, creating 650 full and part time jobs and $2 Mil lion in tax Revenue. Disney to build Florida sports Complex Sas Lake Buena Vista Fla. A a 5,000-seat, Multi sports stadium is among a series of new attractions that the Walt Disney co. Is planning in Florida the company announced Friday. The stadium will be part of a 100-acro Amateur sports Complex that will feature a Field House Tennis Arena practice Fields a fitness area and training facilities. Work will begin next year and the Center will open in 1996. Judson Green president of Walt Dis Ney attractions said it also will help Cen trial Florida attract major league teams. The sports Complex hotels and other expansion projects would mean up to 50,000 new jobs by the end of the 1990s,Green said. I new York Exchange new York  
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