Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Tuesday, August 9, 1994

You are currently viewing page 14 of: European Stars and Stripes Tuesday, August 9, 1994

   European Stars and Stripes (Newspaper) - August 09, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters tuesday August 9,1994 today s rates following Are fixed rates a which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use British . 1.58 dutch Guilder 1.73 German Mark 1.54 note the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rate that fluctuate arid should be regarded As the approximate value of the . Dollar to foreign Curren cies austrian Schilling 11.1225bahrain Dinar 0.37675 belgian franc 32.60 British Pound 1.5439 Canadian Dollar 1.3816 danish Krone 6.2125 dutch Guilder 1.7740 French franc 5.4125 German Mark 1.5823 greek drachma 239.20 italian lira 1,576.90 Kuwait Dinar 0.29775 norwegian krone6.9035 portuguese escudo 160.23 saudi rial 3.7502 Spanish peseta 129.81 Swiss franc 1.3335 turkish lira 31,300.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $377.70 an ounce Silver quote $5.11 an ounce sources merchants National Bank & Trust co. " and the associated press report assails Giveaway of . Natural resources gasoline prices leap 3.35 a gallon los Angeles a the Overall retail Price of gasoline Rose More than 3 cents a gallon Over the past two weeks increasing at double the Pace of last month an Industry analyst said  average Price of gasoline was 123.81 cents per gallon As of Friday up3.35 cents from the prior Survey said analyst Trilby Lundberg author of the Lundberg Survey Lundberg said the increase was caused by higher crude Oil prices and Strong de Mand. A month old strike by Oil workers i Nigeria the world s 10th largest Oil pro Ducer contributed heavily to the Rise include prices she said. The Rise in de Mand for gasoline could be attributed tothe usual increase in automobile travel during the summer she said. At self serve pumps prices per Gallo were regular unleaded 117.25 cents mid Grade unleaded 127.60 cents Premium unleaded 135.89 cents and regular leaded 119.24 cents. Full service prices were regular unleaded 147.69 cents mid Grade unleaded 156.22 cents Premium unleaded 163.52cents and regular leaded 140.04 cents. Thousands bidding for jobs at Chrysler Detroit a a state Agency screening Job applications for Chrysler Chi rep. Has been swamped by Job  the automaker announced in creased hiring for a Detroit Plant. The Michigan employment Security commission s Detroit office already has at least 50,000 applications on file for Chrysler and does not need any More director f. Robert Edwards said in statement. The people who Are calling his Agency which helps find jobs for unemployed people will not be part of any current or near term referrals to new jobs at Chrysler he  automaker announced thursday that plans to hire 800 people for a third shift at its Jefferson North Assembly Plant have been increased to More than 1,000 workers. T. Washington a while the governments need to promote settlement of the West has Long passed it continues to give away billions of dollars in natural resources to private business congressional report says. The subsidies including cheap water and Timber Are Given to such private interests As mining companies ranchers and Farmers said the report released sunday by the House natural resource committee. Such benefits Are How largely unnecessary and Siphon badly needed Revenue from the Treasury the study said. It also said the government giveaways Are so widespread that it is difficult to de Termine the Cost to taxpayers and the recipients of the benefits. We simply Don t know. It runs into the hundreds of millions sometimes Bil Lions of dollars. And on a cumulative basis it s off the charts said rep. George Miller d-Calif., the committee chairman. Many of the subsidies have been,., Dis cussed in Congress for years and the de Bate has intensified since the Clinton administration began pushing for higher grazing fees Royalty payments on hard Rock minerals and higher prices for Tim rep. George Miller a Calif. A file Ber taken from Federal  report lists dozens of cases where private individuals or corporations Bene fit from government resources that in clude cheap Access to Federal land water or Mineral rights and tax Breaks. Exam Ples include _ mining companies that buy through a patenting process the rights to Federal land and then reap billions of Dollar from hard Rock minerals such As Gold and Platinum without paying the government Penny in royalties. Cheap electricity from Federal Power suppliers in the Northwest and in the Missouri River Basin. While in som cases the Gap has narrowed Federal Power is still much cheaper than other sources the report said. It cited the Case of the pick Sloan project in the Missouri River Basin where subsidized Federal Power costs As Little 1.2 cents per kilowatt hour compared to3 cents for wholesale electricity from other sources. The Sale of Timber from Federal for ests at prices that do not cover the costs of administration or the construction of Miles of Roadway at taxpayer expense needed for harvesting. Financially prosperous Farmers in California s Central Valley and other parts of the West who have been provided Bil Lions of dollars Worth of cheap water Over the years from Federal irrigation projects. Some subsidies work at Cross purposes the study said. Some Farmers for exam ple have been found to use subsidized water to grow surplus crops on land they lease from the government at lower than Market rates it said. Snooping by Boss Rife report says Washington a employer sin Industrial countries Are increasingly using computers cameras and listening devices to spy on workers the International labor organization says. Americans face the greatest loss of Pri Vacy the . Agency reported. The group s . Survey which included 301 companies estimated that 20 Mil lion americans one sixth of the workforce May be subject to some form of electronic monitoring. The figure does not include those using telephones. Anyone using a Tele phone at work is potentially subject to monitoring said the Ilo which includes representatives from government labor and business. As Many As 80 percent of employees i telecommunications insurance and Bank ing in the United states Are subject to Telephone or computer based snooping by their employers it said. The report said the 19 countries sur be Yed had experienced an increase in surveillance. Technological advances have made impossible for employers to gain insight into almost every aspect of a worker s activities on the Job the organization said _ it does t matter whether you work Ina factory in an office or As a highly paid filet does t matter whether you work in a factory in an office or As a highly paid Engineer or professional you Are very Likely under observation. By computers or machines controlled by your Boss Michelle Jan Karrish. " report s lib author Engineer or professional you Are very Likely under observation. By computers or machines controlled by your Boss said Michelle Jankanish a co author of the report. The Ilo expressed particular concern about employer Access to electronic mail which it said was having dramatic  pending in Congress would pro Hibit secret and intrusive surveillance an regulate How any monitoring could be carried out. But a spokesman for the National association of manufacturers described efforts at any sort of legislation  we Are strongly opposed to the legis lation in Congress said Lawrence Fine ran. We believe however that allem Plo yees should be notified if they Are being monitored and made to under stand How that information will be used in their  the Ilo said employers in All coun tries defended monitoring by citing the need to ensure safety standards at the workplace to Check the Quality of service to control automatic machines to Patchwork flow and to investigate thefts. But the group said the chemistry of intrusion yields few practical benefits for employers and May even contribute Toa fall in productivity. Spying on employees was a major contributor to increasing stress in the work place the report said. Monitored workers reported bore Dom High tension extreme anxiety and depression anger and severe fatigue that Hurt their Job performance it said. Boeing to invest $700 million in Ghina Beijing a the Boeing co. Said monday that it will invest $600 million in a Plant in China to build Tail sections for its 737 jetliners and $100 million for spare parts Center and training programs. Ron Woodard president of Boeing commercial air plane group also said China was a possible production site for100-seat passenger planes that Boeing Hopes to manufacture for asian markets. Seattle based Boeing is China s leading supplier of passenger planes. Last year 52 of the 79 new planes China Purchase were from Boeing. The announcement came two months after president Clinton said extending China s most favored nation Trade status would t depend on improvements in its human rights record. . Companies such As Boeing lobbied against the linkage saying they could make Long Range plans because of the an Nual debate Over China s Trade status. The Boeing 737 tails considered the most difficult part of the plane to make Are currently manufactured in Boeing s Plant in Wichita Kan. In three or four years they also will be built by the i a aircraft co. In the Central chinese City of i an Woodard said. Thinking is once that is built i an and chinese Industry will be Able to build anything to world standards he said. The 737 is Boeing s most popular Pas Senger plane and the Wichita plan makes As Many As 21 Tail sections monthly Woodard said the i an facility eventually would match that production Woodard also announced that Boeing planned to invest $100 million Over five years to build a spare parts Center at the Beijing Airport and set up training pro Grams for pilots Cabin Crew and maintenance staff  
Browse Articles by Decade:
  • Decade