European Stars and Stripes (Newspaper) - December 23, 1993, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters thursday december 23,1993 today a rates following Are fixed Rales at which Community banking and credit Union facilities will self for eign currencies to . Personnel for personal use German Mark .1,66 British Pound 1.53 dutch Guilder. 1.66 greek drachma a test 238.4772 not to rates above apply within the Host country. Figures Are in prised m dollars to Itie British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the us. Dollar to foreign currencies italian lira. 1,670.50 Turkla lira 14,139.20 Span Lah peseta 140.00 portuguese escudo 174.33 austrian Pachfl Tang. 12j001 saudi Royal. 3.751 bahraini Dinar. 0.3767 kuwaiti Dinar 0.2962 norwegian Krone a a a i a a tsp a a a a 7.396 danish Krona .6.67 British Pound. 1.469 German Mark. 1.7065 Swiss franc 1.449 French franc 5.6085 dutch Guilder. 1.9115 belgian franc .35.42 Canadian Dollar. 1.3447 note figures Are expressed in dollars to the British Pound Othor currencies to the Dollar Gold quota sm0 40 an ounce Silver quote $5,05 an ounce l new York Exchange new York ii a the 15 most Active stocks in new York Stock Exchange composite trading on tuesday. Slock Sain late Hal cd Borden inc 3,827.000 19 up Rwjr Nabisco he 3,381,400 6 up Paramount comm 3,141,400 80 off 1 merry go round. 3,108,500 1 off Tel form of my 2,807.800 63. Unch k Mart corp 2,784,100 21 off Merck amp co inc 2.645,000 34 up off Wal Mart stores 2,514,300 26 general motors 2,482,000 54 up feb corp Yff Sociedade 2,272.300 58 up 2,230.600 25 up limited inc 2,187,600 17 up Eastman Kodak 2,000,100 56 up Chrysler corp 1,939,300 54 up Philip Morris 1,769,500 55 up c american Exchange new York up1 a the 10 most Active stocks in american Stock Exchange composite trading tuesday. Tod greyhound lines Kiter Ditl comm internal common Echo Bay mines Jan Bill Molg Viacom inc 0 humic Gold mine Energy service Royal Oak mines am exploration Salaa 1.265,400 569.800 533.000 529.800 616.700 480,200 452,600 414,100 389.700 333.000 last 11 5 13v. 13 9 45 10 3 4 1 net dig. On off i a off off unch off unch unch olt off Dow Jones new York up a now Jones closing Range of averages on tuesday 30 industrials 20 transport 15 utile Les 65 stocks High 3774 7/ 1764 03 22944 1385.64 de Coll chivas 3719,72 3745,15 off 10.5$ 1730.79 1750 95 up 2.15 22660 228.12 upg.27 136394 1375.37 off 1 21 firms plan worldwide to shopping services St. Petersburg he. A video retailer Home shopping network and Cable to company Tele communications inc. Said tuesday that they plan to join forces and create television shopping services worldwide. Michael . Mcmullen president of Hsnk a International division will head Home shopping network International. A we Are convinced that there is enormous Opportunity to develop to retailing beyond the . It is a logical Extension of our business to pursue new markets a said Gerald f. Hogan president of the St. Petersburg based Hon. Locality pay hikes extended to senior jobs sources say by Stephen Barr the Washington Post Washington the governments cadre of senior managers scientists engineers and members of the foreign service will receive a pay raise next year administration and congressional sources said tuesday. Senior employees around the country will receive pay increases ranging from 3.09 percent to 6.52 percent. The pay raise will Cost Federal agencies about 54 million nationwide. The raise in effect Means that a number of senior positions Are included in the a locality pay increases authorized dec. 1 for most White Collar civil servants Here and in 27 other areas across the nation. Employees who do not fall into designated a locality pay zones will receive a 3.09 percent raise. Locality pay was designed to close a pay Gap that statistics showed existed Between White Collar civil servants and private sector workers in comparable jobs in Many areas of the country. It marked the first step in moving the government from a fixed nationwide compensation sched Ute to a system based on individual labor markets. After president Clinton approved locality pay for employees on the general schedule the bulk of the 2.2 million civil service administration officials surveyed the Cabinet and major agencies to determine if they would support an Extension of the pay raise to other Federal workers. Only two departments opposed the Extension the sources said.1 a the plan to be announced wednesday will extend locality pay to the senior executive service the foreign service scientific and professional positions administrative Law judges and some other senior level jobs. Cabinet level officials who require Senate confirmation Heads of agencies and White House staff will not receive a boost in pay the sources said. At the senior executives association which represents the interests of the governments 8,000 ses members president Carol a. Bonosaro welcomed the report that senior executives would be included in the locality pay increase. A it will provide a shot in the Arm for senior executives a she said. U.s., Canada to Lead 94 rebound in world Economy report forecasts Paris apr the United states and Canada will spearhead a modest recovery in 1994, Germany and Japan will lag and unemployment will Worsen a report says. Continental Europe was singled out As the biggest trouble spot for the 24 members of the organization of economic cooperation and development which on monday released its twice yearly economic Outlook. Economics in 12 of the of cd a members a 11 of them in Continental Europe a shrank in 1993, the report said. The worst showings were a 2.7 percent contraction in Sweden and a 2 percent shrinkage in Finland where the jobless rate has soared from 3.5 percent to 18.2 percent in three years. Overall the report said growth among Recd members would be 1 percent for 1993, 2.1 in 1994 and 2.7 percent in 1995, six months ago the Recd forecast 1.2pcrccnt growth for 1993 and As much As 2.7 percent for 1994, among the seven biggest members a the so called group of seven a the Best 1994 projections were 3.7 percent growth for Canada and  percent for the United states. Quot an increasingly solid expansion is under Way in North America and moderate if unspectacular recoveries arc continuing in the United kingdom Australia new zealand and some smaller european countries Quot the report said. A for the remainder of the Recd area. Activity continues to be disappointingly weak and household and business Confidence Are typically  it predicted that unemployment would fall in North America but could approach 35 million m the Recd As a whole next year a 8.5 percent of the labor Force. Most of the 9 million jobs lost by Recd countries in the past three years Nave been in Europe where the jobless rate is now 11 percent the report said. It warned that cyclical unemployment a resulting from a slowdown in business activity a could evolve into Long term structural unemployment. World economic projections project tons by the organization for economic development and cooperation of 199395 growth rates and unemployment rate for the worlds seven richest industrialized nations 1993 is 1994 �1995 5% / a a ii Gross Domestic product percentage change of a i Iii 1 unemployment percentage of work Force 12 j a. 10 8 6 4 2 0 i  St in a ism. J Castallo Gore urges easing of High tech restrictions Washington a government restrictions should be eased on telecommunications firms to allow More Competition and greater Public Access to information and technology vice president Al Gore says. Industry is moving quickly to Market such new technology As interactive televisions telephones with pictures and Home computer Access to huge data bases. A we want to manage that transition Quot Gore told the National press club. Gore said the while House wants to encourage private vestment promote and protect compact Ilion ensure everyone Access to the network avoid a society of information a a haves and Quot have not Quot and create flexibility. Gore said the White House would Send a legislative package to Congress soon. He will give details Jan. 11 in a los Angeles speech to the Academy of television arts and sciences. He said the White House supports removal of judicial and legislative restrictions on All types of telecommunications companies including Cable Telephone utilities television and satellite. Among such restrictions is the court agreement that broke up american Tele phone amp Telegraph co. It created a separate Long distance company that competes with other com panics and seven regional phone Compa Nies for local phone service. Originally the regional companies were prohibit a it from manufacturing Long distance am information services because they wer monopolies. But communications opportunities Are changing with Cable to com Pany plans to offer local phone service phone companies development of video services and wireless voice and Dat transmitting devices coming on the mar Ket