European Stars and Stripes (Newspaper) - June 9, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters thursday june 9, 1994 today s rate following arc fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound .1.55 dutch Guilder. 1.81 Goren in Rmark. 1.62 greek drachma .239.1758 Noto Tho rates above apply Wilto the Host country. Figures Are sex Prospect in dollars to the British Pound other currencies to the Dollar following arc Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies austrian Schilling .11.7135 Bahrain Dinar. 0.37693 belgian franc 34.40 British Pound.1.5065 Canadian Dollar. 1.3735 danish Krone. 6.5193 dutch Guilder. 1.8735 French franc. 5.g982 German Mark .1.6705 italian lira. 1,619 Kuwait Dinar. 0,29770 norwegian Krone. 7.2123 portuguese escudo 173,05 saudi rial .3.75 Spanish peseta .186.43 Swiss franc. 1.4145 turkish lira. 32,500.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar. Gold quote $382.30 an ounce Silver quote $5,34 an ounce. Sources merchants National Bank amp Trust co., the associated press United press International c new York Exchange new York up the 15 most a climb stocks in new York Stock Exchange composite tracing tuesday. Slack sales a Lau Ketch Christsr Carp 4,403.700 45-/6 Oil it Tel Fonos do my 3,202,200 62 it. Oft 1 Pepsico inc. 2,694,900 34 it. Up a Compaq computer 2.670,600 109 it of 1 i Merck amp co iroc. 2,543,600 31 of 1ft Philip Morris 2,540,200 50ft Oil a Texas Uhl Ilies 2,492,200 32 it Del a general motors 2,359,000 60 it 0 i Citicorp a a 2,224,200 a 40ft up it Wal Mart stores 2,072,500 24 a a up it Penn Power $ it 1,960,600 21 it until Amer express co 1.788,900 a m up it Alex amp at secs a a 1.610,900 17ft up 1 it genl motors e 1,585,300 34ft off it Motorola inc 1,493,000 45ft a a off it american Exchange new York tipi american Stock Exchange the .10 most Active stocks m composite trading tree play Stock sales list Nef chg expo rate Cota 1,211.000 1ft of 1-16 Cheyenne softer 745,500 10ft up it Viacom inc 0 701,900 27ft a up it Elan corp pc 39t.?no 36 top it on i Hasbro inc a 303,000 31ft fax corp 362,100 f7ft Urich Echo Gay mines 356,81 0 10ft unch Hanover direct 345,100 6 Ftp it Jart cell mtg ,. 234,100 6 up it us it Cavalier Homes 229,100. 1.3 it c Dow Jones new York up a Dew Jones closing  3 o averages tuesday. High Low last change 30 industrials 3708 52 3733.14 3755 81 0 12 61 30 transport 1826 30 1604 2 ? 1613 56. P 1 2 21 1b utilities 187.or 183 87 t<j6 00 0 0 53 66 stocks 1310 02 1238.66 1307 3-1 Oil 330 countries urged to fight joblessness with flexibility Twa says flights jobs May be Cut St. Louis apr same Job and flights could be eliminated when trans world airlines inc takes Steps this month to Cut More than $100 million in posts. Twa president Jeffrey ii Erickson ordered department Heads Iasi month to find ways to reduce their budgets by 10 percent. A Twa has said it needs to Cut espouses to make up for lower than expected revenues this year. T he company has blamed poor weather and Low fares for the shortfall. By Alan Riding new York times Paris a confident that the Industrial world is pulling out of recession an economic group on wednesday urged that advanced nations introduce new flexibility to thei labor markets to combat stubbornly High unemployment. Try doing so the organization for economic cooperation and development identified the most politically explosive question facing Many Western european governments How to reduce a a structural unemployment without eroding living standards and slashing welfare and other social benefits. A report to the opening session of the organization annual ministerial meeting said that with 35 million people now out of work in its 25 member countries unemployment a is probably the most widely feared phenomenon of our  a it brings with it unravelling of the social fabric including a loss of authority of the democratic system a it warned. The report based on a two year study noted that the crisis was most severe in the 12 nations of the european Union where unemployment now averages 11.7 percent in part because of the High Cost of creating jobs. In contrast it said the United states has a far lower unemployment rate a now 6 percent. Attending the meeting Robert Reich the . Secretary of labor said the United states has been a a Job machine a creating 3 million new jobs in the past 16 months. But Reich told reporters a the problem is that most arc Low wage jobs. The Long term trend is toward a widening Gap Between the top and the Bottom of the income  the Recd which monitors economic trends and policy for the wealthier Industrial countries said joblessness would not . Trade representative Mickey Kantor right appears with sir Leon Brittan a member of the european Union s economic commission in Paris on tuesday. Both attended meetings of the organization for economic cooperation and development be eliminated simply through an economic recovery. Rather it noted additional measures would be needed to attack structural unemployment. As distinct from cyclical unemployment which rises and Falls with economic activity structural unemployment reflects an Economy a failure to adjust to automation other new technologies and changes in the global Economy including intensified Competition. Some of the organizations recommendations Are fairly general such As urging governments to seek sustainable growth promote new technology improve Job training programs and help the creation of new businesses. But other recommendations Deal with the labor Market. These include adopting flexible working times such As promoting part time work or Early retirement discouraging minimum wages or at least linking them to age and Region permitting Job creation programs at below average wage Levels making it easier for employers to dismiss staff and linking unemployment benefits to a continued search for work. On tuesday ministers endorsed a the main conclusions of the report but with a caveat. They agreed to enact its recommendations a within the context of their particular economic circumstances Quot a sign that some governments Are fearful of tampering with social rights. Ism seeks end to Legal constraints imposed in anti Mon move by Sandra Suga Vara Washington Post ism taking a new direction in its of foils to return to Prosperity has asked a Federal judge to lift Legal constraints imposed in 1956 to limit the company a monopoly Power. Attorneys from ism argued tuesday that today s computer business is far Dit Focient from the 1956 world of vacuum tubed computing said ism spokesman Scott Brooks. In my a standing As a menacing Behemoth has eroded in recent years under aggressive attacks by smaller equipment software and services companies. It lost a billion in 1993. Arguing that the company was no longer powerful enough to require special economic constraints the attorneys asked the judge in new York to allow its computer services business which owns and operates computers for outside clients and its equipment manufacturing business to work More closely together Crook said. Thirty eight years ago ism agreed to constraints to Settle a lawsuit that alleged it was monopolizing the emerging business for data processing services. Ism agreed that its service business would be operated separately from the main company and would  full Price for equipment and software it buys from other parts of ism. Today a a ism does no to have the Type of Market Power that would justify this kind of regulation a Brooks said. Elimination of the constraints Gerstner could make it Legal for ism and its data processing unit to do such things  Market equipment and services and pass on special equipment discounts to service customers. Some smaller data processing companies have contended for years that ism already does that in violation of the consent decree. Ism denies this. The meeting was the latest step that ism has taken to try to boost its prospects across the Board. Chairman Louis Gerstner has targeted computer services including designing and operating computers systems for other companies As a prime area of growth. Brooks said the attorneys met with the judge in private and did not file any motions Lawrence Gross vice president and general counsel for sunward data systems in Wayne pa., argued that there Are several reasons Why the consent decree should remain. Sunward competes with ism for data processing work and it has alleged to Federal officials that ism has violated the consent decree for years. Gross said it would be unfair to lift the restrictions until those alleged violations Are dealt with. In addition Gross said he is concerned that ism still has a dominant position in the Market for mainframe computers used in the services business and could exploit this Edge. He argued that ism would be even More aggressive in giving discounts to its services operations if the Legal constraints were lifted. A the flood Gates would open so that the level of their activity would surge a Gross said. But he said that because so Many data processing companies buy ism equipment Many Are reluctant to protest publicly