European Stars and Stripes (Newspaper) - July 22, 1994, Darmstadt, Hesse                                Friday july 22, 1994 the stars and stripes Page 5dollar dive harmful senators told Washington a a further drop in the value of the Dollar would crimp the global Economy while a stronger Greenback would Calm financial markets and restrain inflation a senior Treasury official said thursday. A we believe. A renewed decline of the Dollar would be counterproductive to global recovery a Treasury undersecretary Lawrence Summers told the Senate banking committee. In contrast a a strengthening of the Dollar against the japanese yen and German Mark would have important economic benefits for the United states a he said. A it would restore the Confidence in financial markets that is important to sustaining  Summers statement a Day after Federal Reserve chairman Alan Greenspan said a weak Dollar could ignite inflation in the United states appeared aimed at shoring up the . Currency. It was the most detailed and explicit reaction yet from the Clinton administration on the weak Dollar. Quot a stronger Dollar a would boost the attractiveness of . Assets and the incentive for longer term investment in the Economy and help to keep inflation Low a Summers said. Most economists believe the Dollar is due for a partial recovery but said administration statements wont make much of a difference. What Summers said a sounds Good but he still Hasni to said he a going to do anything about it and until he does its All rhetoric a said economist David Wyss of Dri Mcgraw Hill. Since Early january the Dollar has fallen 13 percent against the yen to a 50year Low and 8 percent against the Mark. The fed and the Treasury department along with foreign Central Banks have tried three times without Success to bolster the . Currency with coordinated purchases of billions of dollars. The . Share of the three moves a on april 29, May 4 and june 24 a amounted to s3.5 billion Accord ing to a report submitted to Congress along with Summers testimony. Republican lawmakers have said the drop is a sign that world investors Lack Confidence in president Clinton a leadership. Summers however said the greenbacks weakness a is a complicated phenomenon with no single cause or  it he said economic improvement in Europe has dispelled the markets expectations that interest rates would be falling there bolstering the Mark. And political turmoil in Japan has created the perception that its government will be less Likely to curb its Chro Nic Trade surplus with the United states Summers said. Wyss said there a Little Prospect the germans will Cut their interest rates to accommodate the United states or that the japanese want to or Are politically Able to reduce their Trade surplus substantially. A a there a no problem agreeing to the problem. The problem is agreeing to the solution a Wyss said. Surplus . Given to Goodwill games St. Petersburg Russia a about $4 million of surplus . Military equipment is being turned Over to the Goodwill games a Smalt donation that reflects russians Large needs and its changing relations with the West. A we made six or seven trips with russian organizers to closed american bases in Germany allowing them to pick mostly furniture items they thought they could use to help run the event said Joe Freddoso director of operations for the 16-Day Goodwill games that open saturday. Freddoso said russian organizers putting together the country s first major sports event since the breakup of the soviet Union carted Back 40, loads a of abandoned equipment. The Cache included furniture and Hospital supplies and a few pieces of heavy equipment such As cranes a forklift and a few vehicles. Freddoso also laughed about what Wasny to taken. A we found Church pews and pulpits in a warehouse that they did t want a Freddoso said. A we made jokes that maybe the pews could be used in the training room for Faith Healing purposes if we did no to get enough medical  Freddoso said the . Military considers the equipment fully depreciated. A the equipment was picked with an Eye to what could be used in the games but also for what would have a value afterwards As humanitarian Aid a Freddo so said. He said some american military uniforms picked up might be worn by Security officials but pointed out no weapons were in the shipment. A we did walk by some tanks at one base capable of launching nuclear weapons a Freddoso said. A one russian said to me a we have those  a . Undersecretary of defense Edward Dorn was in St. Petersburg on thursday to turn Over the material to the russians officially. More than 2,000 athletes from 55 countries will compete in 24 sports during the Goodwill games the Field includes at least 60 olympic medallists 30 world champions and 15 world record holders. Russia is spending $75 million on the event mostly for renovation of the 11 Competition Sites. Tony Blair the new Leader of Britain a labor party gets a hug from his wife Cherie on thursday. London apr completing a Long March from the left to the Center the main opposition labor party on thursday chose a Young moderate lawyer As its Leader. Tony Blair 41, whose rhetoric of a a renewal and a a Community echoes some of president Clinton a themes easily Defeated two rivals for the leadership of a party which has not won a National election since 1974. Blair who won 57 percent of the vote in a three Way race succeeds John Smith who died in May. John Prescott 56, a former merchant Seaman was elected Deputy Leader defeating incumbent Margaret Beckett. Blair won a Complex election process that involved labors members in parliament party members and Union members. Prescott Blair and Beckett who also ran for the top Job waged a Low key and Friendly Campaign clearly eager not to reopen divisions in the party. In choosing Blair the party of the miners and Mil hands has chosen a Man who feels comfortable on the turf of the governing conservative party Blair the son of a conservative is a graduate of St. Johns College in Oxford and an  Blue sweeps 26 emmy nominations los Angeles apr the Gritty police drama Nype Blue collared a leading 26 nominations Friday for the 46th annual prime time emmy awards. The Abc series was nominated As Best drama and garnered bids for two stars David Caruso and Dennis Franz. A lbs earned the leading number of network nominations with 91, followed by Abc with 73 and Abc with 66. Hob received 34 bids and pcs had 25. Winners will be announced in september. Also nominated As Best drama were Law amp order Abc Northern exposure lbs picket fences lbs and in an unusual recognition of a syndicated show Star trek the next generation. Contenders for the Best comedy series emmy were frasier Abc Home improvement Abc the Larry Sanders show Hob mad about you Abc and Seinfeld Abc. Lead actors competing for the comedy series emmy included four from Abc shows Kelsey Grammer in frasier John Larroquette in the John Larroquette show Paul Reiser in mad about you and Jerry Seinfeld in Seinfeld also nominated was John Goodman in Roseanne on Abc. Tim Allen Star of tvs top rated Home improvement was ineligible for the nomination because his representatives missed the deadline for submitting his name. Patricia Richardson Allens co Star and Academy of television arts amp sciences president Richard Frank read the top nominees in a pre Dawn ceremony. When Richardson read the nominees for Best comedy actor she began a Tim Allen a just  however Richardson did snare a bid As outstanding Lead actress in a comedy for her role in the show. Other nominees in that category were Annie Potts in cd so love amp War Helen Hunt in no cd a mad about you Candice Bergen in cd so Murphy Brown and Roseanne Arnold in abcs Roseanne. 1. Nominated with Nype Blue stars Caruso and Franz for Lead actor in a drama were Peter Falk for abcs Columbo Michael Moriarty for no cd a Law amp order and Tom Skerritt for cd so picket fences. Nominees for Lead actress in a drama were Jane Seymour in cd so or. Quinn Medicine woman Angela Lansbury in cd so murder she wrote Kathy Baker in cd so picket fences and a pair of actresses from the Abc series Sisters Sela Ward and Swo Osie Kurtz. Besides Nype Blue other shows that racked up numerous nominations include the Hob movie and the band played on the Bette Midler movie Gypsy on lbs and the series Seinfeld frasier and picket fences. Two pcs programs were among the nominees for the miniseries category Armistead maupins tales of the City and prime suspect 3, which appeared As part of the mystery series. Other nominees Are cd so oldest living Confederate widow tells All abcs Ste phen King s the stand and no cd a world War ii when Lions roared. Nominees for Best television movie were Hbous and the band played on cd so breathing lessons cd so Gypsy abcs a place for Annie and cd so to dance with the White dog. Jay Leno and David Letterman will go head to head in the outstanding variety music or comedy series category. Besides no cd a the tonight show with Jay Leno and cd so late show with David Letterman nominees were Dennis Miller live on Hob it Ftp unplugged on mtg and no cd a saturday night live. The shows nominated in the category for Best variety music or comedy special were the 66th annual Academy awards Abc comic Relief i Hob the Kennedy Center honors lbs the Tony awards lbs and Tracey human a takes on new York Hob. A total of 343 nominations were announced. Voting is done by panels of directors actors and writers. The awards ceremony will be broadcast sept. 11 by Abc from the Pasadena civic auditorium. Abc had an exclusive four year emmy broadcast Deal but because of protests from the other networks agreed to relinquish its hold Early. Starting in 1995, the ceremony will rotate annually among the networks. Technical trophies will be awarded sept. 10 in a no televised ceremony