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Publication: European Stars and Stripes Tuesday, May 3, 1994

You are currently viewing page 18 of: European Stars and Stripes Tuesday, May 3, 1994

     European Stars and Stripes (Newspaper) - May 3, 1994, Darmstadt, Hesse                                Page 18 the stars and stripes Money matters tuesday May 3/1394 today a rates following Are fixed rates at which Community banking and a edit Union facilities will sell foreign currencies to . Personnel for personal use. British Pound. 1.56 dutch Guilder. 1.80 German Mark 1.62 greek drachma. 240.1669 note the rata above apply within the Host country figures Are expressed in dollars to the British Pound other currencies to the Dollar following arc Interbank rates that fluctuate arid should be regarded As the approximate value of the . Dollar to foreign currencies. A a a austrian Schilling. 11.6415 Bahrain Dinar. 0.37675 belgian franc 34.26 British Pound 5105 Canadian Dollar. 1.3820 danish Krone .6.4850 a dutch Guilder. 1.8575 French franc 5.6680 German Mark 1.6567 Ltd visa lira  1 58850 Kuwait Dinar. 0.2963 norwegian Krone 7.1730 portuguese escudo. 170.00 saudi rial 3.7498 Spanish peseta ����a134.75 Swiss franc 1.4230 turkish lira 32,500.00. Note figures Are expressed in dollars to the British Pound other cur Rendes to the Dollar. Gold quote $376.45 an ounce Silver quote $5,24 an ounce a. Sources merchants National Bank amp Trust co the associated press United press International Ford settles with Man paralysed in Accident Moreno Valley Calif. A Ford motor co. Has agreed to pay $1.35 million to a Man paralysed when  Bronco ii sport Utility vehicle rolled Over a lawyer said. Donald Taylor claimed Ford knew even As it was developing the Bronco ii that the vehicle was proc to flip Bushdid nothing to Correct the problem Taylor 39, was left a quadriplegic after  oct. 29,1990, Accident. Ford stopped making Broncos in 1989.blimps to help new food labels Washington a three Goodyear blimps and baseball superstars Roger Clemens and Kirby Puckett have been recruited to help the government introduce the Public to a new nutrition Label that food makers must begin using next week. Curious George the Monkey made famous in a series of children a books will serve As the campaigns Mascot and will appear in educational material targeted at elementary school children. Clemens a Pitcher for the Boston red sox and Puckett an outfielder for the my n i est a to in a will appear in Public service announcements that the food and drug administration has Given the four television networks. The Fra also has Given the spots to major league baseball and several teams have agreed to air them or the so Gari a the new food Label Check it out a on their scoreboards Fra spokesman Jim of Hara said. The Label has a nutrition information panel that was designed to clearly show shoppers How a particular food fits into their daily diet. The Label also features larger Type with the Roost important information highlighted in bold print. Food makers must begin using the new Label by sunday. A a a a a a a a. A. Consumers ought to know if milk comes cows agriculture Secretary Mike Espy. Sides with Consumers Chicago apr agriculture Secretary Mike Espy says he sides with Consumers who want to know if their milk comes from cows treated with Bovine growth hormone. A Consumers really ought to know a he said sunday after speaking at the food marketing institutes Annua convention. Espy said the Clinton administration is debating whether to take a position on Labelling milk containers to show if the contents come from cows treated with synthetic hormones. The food and drug administration approved recombinant Bovine growth hormone last november. It was the first major product of food biotechnology to  the Market. 1 groups such As the american medical association have deemed the hormone Safe but consumer resistance has Ted some retailers and dairies to shun the product Vermont has passed a Law re Quiring mandatory Labelling of Dairy products that contain artificial Bovine growth a a hormone. A a  known As both but and ugh the Hor Mitrie has been shown to boost milk production by up to 15 percent in some. Cows. A a a a. Espy also said he is moving Forward in a dispute with Canada Over wheat sales in the United states although he does no to want the Issue to degenerate into a Trade  a your friends to the North want their cake and eat it Tod a said Espy who contends the Canadian wheat Board undercuts . Prices. The United states has filed a complaint with the International Trade commission and wants to impose a wheat import Cap of 1 million tons a year effective in july. The food Marke t i no Convent Ion up t greater emphasis this year on exporting High value finished food products and on importing ethnic foods into the United states. A \ v a a a a a \ about 5,000 buyers from 72 countries we re expected d to tour t lie four Day exhibit which runs though wednesday among the 1,300 exhibitors More than 300 a rsm ail a n d med Tum size com Pari in $ 1 looking to i acre ase t heir shipments to other  year the United states exported $14,6 billion Worth of High value consumer food. Quot a k Quot a a a a who make donations face curbs Washington a the nations top Stock Market regulator in a bid to Reform the municipal Bond Market has ventured into an unusual Field Campaign finance Reform. The securities and Exchange commission approved a Rule last month that generally prevents municipal Bond dealers from going business with local jurisdictions for two years after they make a political contribution to a local officeholder or candidate. The Sec move is viewed As highly unusual a some say unprecedented a for a government Agency whose primary Inis Siori has nothing to do with Campaign spending. A i think it is unique a said Ellen Mill or executive director of the Center for responsive politics a Campaign finance watchdog group. A a it a fairly narrowly drawn but its just right on target. They the Sec ought to be  Stephen Hess senior fellow in governmental studies at the Brookings institution also found the secs foray unusual. The new Rule arose from charges of conflict of interest and political payoffs in the �1,2 trillion Market in Bonds used to finance construction of roads sewers and schools the Sec was concerned that without Quick action average investors who directly or indirectly hold about 70 percent of All municipal Bonds May lose Confidence in the  i have been made aware of a number or not a few a a number of instances of bad practice a Sec chairman Arthur Levitt or. Said in a speech earlier this year. A they Range the Gamut from the appearance of a conflict of interest to outright  but the Sec is facing a Legal Challenge to the new Rule. Last week attorneys for the chairman of the Alabama democratic party who also is a municipal Bond dealer asked the Sec to delay implementing the Rule until Federal courts decide if it s constitutional. A a 1 the Challenge was filed by William b. Blount of Montgomery ala., in the u.6. Circuit court of appeals for the District of Columbia. Blount s lawsuit a a maintains that the Sec overstepped its authority. A says the new Rule will violate  rights under the first arid fifth amendments to the Constitution a  raising Estric tons would a make it practically impossible for Blount to remain chairman of the state democratic party. A and alleges that the Rule discriminates against municipal securities dealers because it does no to cover attorneys accountants Bankers or other profession als. A a a a. A it is almost unprecedented for a Federal Agency to dictate whom a broker can do business with on a purely local level/1 said Andrei Campbell blounts attorney a if the problem is corruption then you should have Federal legislation that encompasses All of the  the Republican National committee Isnit Happy with the Rule either. In a letter March 11, the gop argued that the Rule would practically Lead to an a outright ban on contribution to any defined state or local official who is running for any office state or Federal a and was beyond the scope of Sec jurisdiction. The committee Hasni to filed Legal action against the Sec or the quasi governmental group that oversees the Muni Market t be municipal 1 v s ecu i t ies Rule making Board. A. Simon a Lorne the secs general counsel told the commission last month that he believes the Rule Ca refill a avoided violating Bond dealers rights and would pass constitutional Muster. London up1 a . Fast food giant Mcdonald a corp. Said it plans to double the number of its outlets in Britain to More than 1,000 Over the next 10 years creating As Many As 30,000 jobs. The worlds largest food service organization plans to expand by franchising up to one third of its British restaurants by 1996, said Michael Quinlan chairman and chief executive officer. Up major expansion in the company has opened 526 outlets in Britain during the past 20 years and employs 32,000 people. A we plan to double that number in the next 10 years a he told an Institute of directors annual conference in London. A a we re proud that Over the past twi decades the British people have elevated hamburgers and French Fries to the same league As fish and chips among your National  Quinlan said Mcdonald a based in Oak Brook hi., opens Between 900 and 1,200 restaurants each year around the world and is hoping to venture into new markets including India. A on any Given Day Mcdonald a serves less than one half of one percent of the worlds population a he said a a that a not enough. We re like Oliver twist we want   
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