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Publication: European Stars and Stripes Friday, May 6, 1994

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     European Stars and Stripes (Newspaper) - May 6, 1994, Darmstadt, Hesse                                J 16 me stars and stripes a Money matters Friday May 6. If today rates j i following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound. 1.54 dutch guilder1.82 German Mark 1.63 greek drachma. 236.3507 not to tip Rale above apply wet turn a Host country. Figure a a expressed it a Csohar to the British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies austrian Schilling. 11.686 Bahrain Dinar 0.37675 belgian franc 34.18 British Pound 1.497 Canadian Dollar 1.3071 danish Krona a a a a a a a a a a a a a a a a 6509 dutch Guilder. 1.8648 French franc .5.7195 German Mark 1.6676 italian lira 1,618.55 Kuwait Dinar 0.2969 norwegian Krone 7.2035 portuguese escudo. 171.10 saudi rial timm�?��?��?�ifia��4���?�����?� 3.7498 Spanish peseta a 137.93 Swiss franc. 1.417 turkish lira �?��?���?��?��?��?�a1 35,000.00 note figures Are expressed in dollars to Iho British Pound other currencies to the Dollar Gold quote s374.50 an ounce ,. Silver quote $5.16 Art ounce. A sources merchants Nat Morjal Bank amp Trust co., the Assoc aled press United press International new York Exchange new York up if a the 15 most Active stocks in new York Stock Exchange composite trading on wednesday. Stock sales. Last net chg. Syntax corp 4,616,700. A 23w unch Rwjr Nabisco hid 4,152,700 6w off Virr Nabisco Bop. Time Wymer no 3.817,500 6 i unch 3.555,500 a a 39tt off w Duke Power co \ 3,137,100 a 36w off i Tel Sfanos de my a 2,838,400 57vi off m Williams cos a 2.425,200 28 a up 3v Chrysler corp 2,403.600 47 a off m general motors a a a a 2,300,600 56v off i Motorola inc a. I a 2.240,300 am up Wal Mart stores a a 1.937,300 25 unch. Uld healthcare 1.928,500 47v up 1v Ford motor co .1,877,000 60 off 1 Freeport me Moran 1,859,100 18 off 1 Merck amp co inc 1,730300 30w off i 0 american Exchange j a new York Impi a the 10 most Active stocks in american Stock Exchange composite trading wednesday. Stock Iva corp Little eld Adams expo rate co la Viacom inc 6 Echo 8ay mines Energy service Cheyenne softer Chiles onshore Roa Masler ind inter Glt comm sates 1,975,700 851,400. 808,900 479.900 455,600 378.900 346,800 326,100 315,000 237,300 last 19w 7 1% 25v4 11v 315-18 �24 a 4 5-16 m 5 a net Chi. . Up in. Off 1-16 up 1w unch up 1-16 off i off 1-16 unch unch r Dow Jones j new York up a Dow Jones closing Range of averages on wednesday a a a a a a. High Low clots change 30 industrials 3730.17 3670,09 3697.75 of 16.66 20transpart 1656.36 1626.36 1642.03 olf4.41 15 utilities 196.55. 193.71 194.90 off 1.58 65stocks 1321.b2 1299.95 1310.40 off 5.74ice cube machine called fire Hazard Washington a the con. Sumer product safety commission has issued a warning about an ice machine that can catch fire. More than 121,000 of the scotsman Model dc33 Home ice cube machine were on the Market and sold prior to september 1991. Scotsman has received up to 10 reports of the ice machines catching fire. No injuries resulted. Hut the fires caused damage to the unit and surrounding fixtures. Scotsman and the commission Are asking owners to Contact the manufacturer to have their machine retrofitted. Clinton backing of Dollar called a risky sideshow7 Washington apr the Clinton Banks of 15 other nations joined together administration s defense of the Dollar in to support the Dollar in the biggest Coor foreign currency markets is drawing less Dina cd Effort of its Type since August than Universal Praise. A chief congressional critic called h a a or Silky sideshow that will Only waste taxpayers Money while some private economists questioned whether the action was justified Given America s soaring Trade deficit. V  administration of course a saw things differently. It defended its Dollar Rescue Effort As a necessary warning to currency traders not to undervalue the Greenback. A v a \. A a these operations reflect our View that 1992. The american currency has been threatening to break through a pos world War ii Low against the japanese yen and a six month Low against the German Mark. The Effort has been working. The Dollar climbed from 1.61 Marks at military banking facilities thursday to 1.63 today. The Buck was up against the. Japanese yen too. In new York it was trading at 101.85 yen wednesday up from 101.00 on tuesday. A senior Treasury official who spoke t w on condition of anonymity said the and recent movement a Exchange markets my nos ration wanted 0 rive Kome he have gone beyond what is justified by economic fundamentals a Treasury Secretary Lloyd Bent sen said wednesday in announcing the in i Erven t Ion by various governments to buy dollars. A. The Federal Reserve arid the Central Point that it believed the dollars recent weakness a has been excessive in Light of the fundamentals of recovery Low inflation and prudent fiscal and monetary policies being followed in the United states. A a. A a a a a a a a a a a a but rep. James Leach a Lowa branded the intervention a a risky sideshow because a any effect is Likely to be Short term hours Days perhaps  Leach said that with More than $ss0 billion in currencies traded daily around the world the Market has become Loo Large to be influenced for Long by the limited interventions that governments can make even when acting together ,. A a review of the futile efforts of the British and French to prop up the Pound and the franc in 1992 and 1993 indicates that in what amounted to a High stakes poker game the Only losers were the taxpayers of Britain and France a said Leach the ranking Republican on the House banking committee. Many private economists agreed with Leach saying the Dollar will undoubtedly come under further downward pressure without changes in other economic fundamentals. Dod inviting some to return to work give Bock payoffs digging in Afler two rain delays in groundbreaking ceremonies plans for a Mercedes Benz automotive Plant take Root at last in Vance Ala. Gov. Jim Folsom left shares Spade work with Mercdes Benz executive Dieter Zetsche of Germany As they kick off a project to build multipurpose vehicles at the Vance site. The Plant is expected to be completed in 1996. By Mike Causey Washington Post Washington defense department civilians who quit or retired and took buyouts since March 30 can come Back to work a with Back pay a if they wish. But those who return because of a last minute rules change must repay Uncle Sam the full amount of their buyout which can be Worth As much As $25,000. The rare second Chance is being offered because Many army Navy and air Force civilians who took buyouts since Congress extended the authority to other agencies last month did t know that they too Are covered by the new five year ban on Federal re employment. The new Law a . 103-226 a gives no defense agencies the authority to pay selected workers to leave. It also requires agencies to pay $80 per employee who leaves into the Federal pension fund As Well As to reimburse the pension fund the equivalent of 9 percent of salary for workers who take Early retirements and who also get buyouts. The changes make buyouts More costly to agencies but not to workers. But the five year rehire ban does affect employees and that a Why the defense department is giving those affected by the rules change another Chance. Repaying a buyout is not just a matter of giving Back the buyout Check. Buyouts Are the lesser of either the employees Severance pay a usually based on length of time employed a or $25,000. For a typical employee getting $25,000, the buyout Check a after taxes and deductions a is about $17,000. I but if an employee has to repay the buyout he or she must repay the full amount before deductions except in this rare situation workers agreeing to take buyouts can to have a change of heart. Once they be signed up they must leave by the agreed upon Date. Dodos waiver covers Only those who retired or resigned with buyouts after March 30 who claim they did not know of the new five year Rule. The department is tracking them Down a Many hay6 moved in retirement Homes or Are travelling a to Tell them they have one More Chance to get Back in harness. Pops up of . Cinemas new York a pop go the calories a a. Major theater chains say they will Start popping Popcorn in canola Oil rather than artery clogging Coconut Oil. One Chain says it will even begin offering an air popped alternative. The Happy ending is in response to a report last week that movie Popcorn is unacceptably High in saturated fat. A your goal is to provide our patrons with a healthier Choice at our Concession stands a Sony theatres Loews theatres said tuesday. The new York based Chain which has almost 1,000 screens in 15 states said the change would go into effect by May 13. Seventy percent of movie theater Popcorn is made with saturated fat Laden Coconut Oil according to the Center for Sci once in Public interest. A typical Small bag of theater Popcorn about seven cups contains almost an entire Days allowance of saturated  medium bucket with a a butter has 56 Grams of saturated fat and trans fatty acid the Center said. That a More artery clogging fat than you get eating a Bacon and eggs breakfast a big Mac a Large Fries and a Steak dinner with sour Cream. Coconut Oij is 86 percent saturated fat. Canola Oil while still fat is Only 7 per. Cent saturated fat. The nations largest theater Chain United artists said it will soon begin offering an air popped alternative to its regular Popcorn. The Denver based Chain operates 2,240 Heaters in 32 states. Am entertainment based in Kansas City mo., said it has been testing canola Oil for Popcorn in the West and will switch nationwide by month s end. Am is the nations third largest theater Chain with about 1,600 screens in 22 states  
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