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Publication: European Stars and Stripes Friday, July 22, 1994

You are currently viewing page 18 of: European Stars and Stripes Friday, July 22, 1994

     European Stars and Stripes (Newspaper) - July 22, 1994, Darmstadt, Hesse                                Page 18 the stars and stripes Money matters Friday july 22, 1994 a a today a rates of a following Are fixed fates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound. 1.59 dutch Guilder 1.71 German Mark. 1.52 note the Rales above apply within the Host country. Figures Are expressed in dollars 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 curren1 pics. Austrian Schilling .10.9860 Bahrain Dinar. 0.37701 is Luglan franc. .32.40 British Pound. 1.5470 Canadian Dollar .1.3830 danish Krona 6.1324 dutch Guilder .1.7657 French franc. 5.3227 German Mark. 1.5625 greek drachma .235.50 italian lira 1,558 Kuwait Dinar. 0.29670 norwegian Krone .6.8210 portuguese escudo .160.36 saudi rial 3.7502 Spanish peseta. 12b.70 Swiss franc. 1.3190 turkish lira 31,000 note figures Are expressed in dollars to the British Pound other currencies to the Dollar. Gold quote $385.40 an ounce. Silver quote $5.25 an ounce a sources merchants National Bank amp Trust co. A and the associated press c american Exchange 1 new York apr sales closing Price and eel change of the 10 most Active american Slock Exchange issues trading nationally at More than $1, a. Harm volume Tail dig. Echo Bay a. Viacom a -594,100 11 11/32 3/32 a 575,800. 32 it chess Al s. 526.200 8 _ Viacom it Quot �517,800 4 -1/16 Amdahl a a 480,000 6vi i Roya Oak a 442.000 4 5/1 a1/16 Pegasus id 324,500 14 a Vuk.  a. A 309,. 31/16 Viacom wac a a. A 306,300 1 11/15 excl us a. A a 305.000 1 5/16 Dow Jones new Ydfalk apr Dow Jones closing Rangs of averages an wednesday 30 Industrial 20 transports 15 Utah pics a 65 stocks High 3763.35 1624,06 184,22 181.91 1303.19 1284.39 Law i Job change 3706.22 3727.27 .-21.04 1579,44 1535.31 -11.27 .182.64 -.53 1293,22 a -7.44. Navy signs up to buy 6 Aegis destroyers Washington a the Navy awarded contracts wednesday for six More Aegis guided missile destroyers to shipyards in Maine and Mississippi. Bath Iron works corp. In Bath Maine and Ingalls shipbuilding inc., Pascagoula miss., will each build three of the Arleigh Burke class ships and receive the same amount for the work $836.7 million. Under the contracts Bath would build two under the current defense budget and one under the 1995 budget now moving through Congress Ingalls would build one under this years budget and two next. The contract announcement reflects a new Navy policy of allocating the destroyer contracts rather than having the two shipyards bid competitively for them. Navy Secretary John Dalton announced that policy change last month saying that it was the Best Way to preserve the nations shipbuilding Industrial base. Each Aegis destroyer costs about $850 million work done by the shipyards represents about a third of that Cost. President Clinton a defense budget proposal for next year includes a $2.92 billion request for the three destroyers including research and development funding. With the completion of these six ships by 2001 the Navy will have 32 of the Aegis destroyers. After that Navy plans Call for building 26 More. Get jitters on opening up health plan by Mike Causey Washington Post Washington top titration is growing among Federal employees watching Congress debate health care Reform. Most of the pending health care Reform plans would open the Federal employees health benefits plan to no Federal workers in some form or another. Right now the plan is limited to 9 million current and former feds and family members. They have a wide Choice of plans options and premiums can switch at least once a year cannot be turned away because of age health or pre existing conditions and can keep the same plan benefits and premiums when they retire. Workers and retirees pay about 28 percent of the total Premium. Many workers fear that opening the plan to no Federal personnel would result in reduced benefits higher premiums or both. Members of Congress who will soon face the voters Are sensitive to criticism that they have a better health program a the Federal employees plan a than. Most. Americans. Some members Are afraid to face the voters without a new National health plan others arc afraid to face them if they approve a National health plan. The Senate finance committee Bill for example would let no Federal workers into the Federal plan. But they could Only join Community rated plans a such As health maintenance organizations or preferred providers a and not National plans in the  plan such As Blue Cross amp Blue shield or plans offered by unions. Sen. Paul Sarbanes d-md., has asked majority Leader George Mitchell a Maine to insure that the Federal plan wont go to pot under health care Reform. Sar. Banes is pushing a plan that would Guaran Tec that. The government As the employer would continue to pay a minimum of 72 percent of the average Premium for Federal workers and retirees. If benefits Are reduced below the level provided by Blue Cross amp Blue Shields Standard option the most popular plan with feds the government would offer and help pay premiums on a Gap filler policy. It would be negotiated by the office of personnel management and associations representing employees. Sen. Barbara Mikulski d-md., also is pushing the Gap filler plan. No Federal people joining the Federal health plan would be kept in a separate risk Pool from government workers and retirees. Many health plan watchers believe that the addition of Potenti a i by m Illions of non fed eral newcomers could drive up premiums and administrative costs for everyone in the risk Pool. As Moscow a when Mcdonald a wanted to build its newest Moscow restaurant it chose a Busy Square already occupied by dozens of Kiosk capitalists doing a brisk business in cigarettes and Vodka. Guess who won this turf Battle a we Are moving the kiosks to make Way for Mcdonald so Galina Sinitsyn Deputy head of construction for the local govern mint said As she supervised the removal Effort tuesday at the Square adjacent to the olympic sports Complex in North  a already has three popular restaurants in Moscow and plans to put up its Golden Arches at several other locations. Its first restaurant in Moscow remains the worlds busiest As Sinitsyn spoke a Crane hoisted the first Kiosk onto a flatbed truck to be carted away to a government storage ground. The owners of the dozen other kiosks scrambled to remove their goods including Cartons of snickers Candy bars Camel cigarettes and Smirnoff Vodka. The kiosks which began sprouting on Moscow streets about three years ago represented the first Small scale efforts at private Enterprise in the former soviet Union they proved popular with russians who found them far More convenient than the inefficient and poorly stocked government stores. A but mayor Yuri la Zhukov says the estimated 16,000 kiosks Are now cluttering the streets and he issued a decree recently ordering 3,000 of them removed by the end of the month. Among the first to go were the kiosks at the site of the future Mcdonald a the City government also happens to be in a joint venture with Mcdonald a and the Chain has received prime locations for its Moscow restaurants. Kham zat Khas Bulatov Deputy director of the Mcdonald a operation in Moscow said his company works closely with City officials and can Only build on Sites they have approved. Renat Shai Dulin who opened his Kiosk last year at a Cost of about $1,000, complained that Small businessmen were being pushed aside to make Way for big foreign companies. But he conceded he had no recourse. A i can to do anything. Its the mayors order Quot Shai Dulin said sounding More resigned than angry. He said he would search for a new site. In the meantime the City will charge him 20,000 tables or $10, a Day to store his Glass and plastic hut. Way for restaurant Kiosk vendors in Moscow pile their goods outside to cart them away after the City a recent decree that j,000 of the unsightly Street shops be removed  
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