European Stars and Stripes (Newspaper) - December 25, 1993, Darmstadt, Hesse Page 16 the stars and stripes Money matters saturday sunday december 25/26,1993 Dollar watch shown below Are the highest Dollar Exchange rates for the week of dec 20-24 compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would buy you 1.87 1-55 1.76 1993 1 1992 a military Exchange rate British Pound one Pound would Cost you 1.52 1.57 1,1 f. R 1993 1992 1988 belgian franc one Dollar would buy you 1.86 dutch Guilder one Dollar would buy you 2.00 1.74 1993 French franc one Dollar would buy you 584 5.43 6 07 1892 greek drachma one Dollar would buy you 238.85 i 204 90. 147.20 1993 i 1968 italian lira one Dollar would buy you 1,692 1,310 1988 Spanish peseta one Dollar would buy you 140.78 112.67 114.65 1993 1992 turkish lira 1988 one Dollar would buy you 14,118 8,415 1993 1,800 1988experts expecting Economy to a Row at 3% rate in 1994 by the Washington Post Washington the Economy appears to have enough momentum that both private and Clinton administration economists say they expect sustained growth of about 3 percent next year. Government reports of rising incomes consumer spending and orders for durable goods thursday bolstered forecasters estimates that the Economy is growing at an Ann Strate of about 4.5 percent in the final three months of this Yea a its strongest performance since the same Quarter last year. In addition More americans Are at work As Job creation has accelerated in recent months. The unemployment rate 6.4 percent last month is Down almost a full percentage Point from its level at christmastime last year. It at the same time inflation has not shown signs of becoming a problem. Encouraged by that Federal Reserve officials have seen no need to raise Short term interest rates which remain at their lowest Levels in decades. In thursdays reports the Commerce department said that last month a manufacturers of Long lasting goods a items such As computers machinery and trucks that Are expected to last More than three years a increased their shipments 4.7 percent. A factory orders for those goods went up 2 percent the fourth straight Advance and the longest string in More than six it a oooo Oao a fat w s a Vij t. I Yugoslavia s new 500 billion Dinar Bill was Worth about $6 when it was issued. A yugoslavs to revalue currency Belgrade Yugoslavia Dpi a hours after issuing a 500 billion Dinar banknote the yugoslav government on thursday announced its intention to drop nine zeros off its super inflated of Jan. 1, 1 billion dinars will become 1 Dinar As the governments second attempt this year to restore Man Gable numbers to the country s bloated currency totals. A similar technical adjustment in october disposed of six digits converting 1 million dinars to 1 Dinar. The announcement came shortly after a devastating inflation rate of 33 percent per Day forced the yugoslav National Bank to Issue is new 500 billion Dinar Bill. Despite the astronomical sum the largest Bill Ever issued by the country was Worth just $6 at the time of Issue. Years. A personal incomes Rose 0.6 percent their fourth straight increase. A a consumer spending was up 0.4 percent the eighth straight hse there were nevertheless hints in thursday s figures that Consumers while increasing their spending substantially Are not plunking Down Cash or credit cards As readily As some analysts had predicted consumer spending appears to be rising at a 3.5 percent to 4 percent rate this Quarter a slightly smaller gain than from july to september when consumer spending increased at a 4.4 percent Pace and the Overall Economy grew at a 2.9 percent rate. Stock rally by sell off new York up Wall Street will have to wait until next week to get its Christmas gift from Santa Claus. A Surprise appearance by the Grinch in the Forin of a pre Christmas sell off at the end of this Holiday shortened week on thursday forced a delay in Santa s arrival. The Dow Jones Industrial average spent most of thursdays session in record territory but last minute profit taking prevented the key barometer from setting an All time High. Ron Doran director of institutional trading at . King amp associates in Albany n.y., blamed the late pullback on a a couple of sell programs some Guys probably did some Selling on the Bel i for tax reasons a Doran was referring to tax loss Selling which involves Selling certain stocks and declaring them As a loss for tax purposes. But the analyst said he expects the Blue Chip indicator to get a boost next week from Quot a lot of window dressing a the Money managers year end practice of sprucing up their portfolios to make them look attractive to investors Quot Santa Claus May be a week late but in a still optimistic that Well make a new High on the Dow. While shoppers will be looking for bargains at after Christmas sales investors will be looking for big bargains in stocks a Doran added. For the week the Dow Jones Industrial average added 6.15 Points or 0.16 percent this week. The gains pushed the Dow to 3,757.72 to conclude a four week winning Streak. The new York Stock Exchange composite Index edged up 0.70 Point to end the week at 258.49. Suit on in flight phones alleges technology was stolen Seattle apr Jack Goeken who takes credit for founding air to ground telephones has sued Mccaw cellular communications and its partners claiming they copied the technology. The suit seeks an order prohibiting Mccaw based in Kirkland wash., from using technology that the company allegedly Learned of confidentially. Goeken a communications network. Later in the year after the investment talks broke off Mccawl a presentations to airlines included at least one pitch that Goeken said effectively copied the system in flight phone corp. Had discussed confidentially with Mccaw. Mccaw officials did not immediately return a phone Call for comment thurs ass company later released Mccaw from the Day. Confidentiality agreement. Bul they earlier told the Seattle times Goeken said his in flight phone corp. That they had not seen the suit in 1990 showed Mccaw confidential Doc Mccaw and Hughes network systems Zuments after Mccaw expressed an inter eventually formed Clairnel now known As est in Goeken a digital air to ground Clai rcom and petitioned the Federal communications commission to deny a License to in flight phone corp. In return for Claire la a dropping the petition in flight signed a statement releasing it from the confidentiality agreement. The suit seeks to nullify the statement. According to Goeken a suit the statement was signed a reluctantly and under extraordinary in flight phone corp. Is based in Oak Brook Terrace 111., and the suit was filed wednesday in do Page county circuit court in Illinois. Goeken is also the founder of Sci
