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Publication: European Stars and Stripes Wednesday, August 17, 1994

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   European Stars and Stripes (Newspaper) - August 17, 1994, Darmstadt, Hesse                                The Sims an stripes vol. 53, no 122 500 wednesday August 17,1994 d 8693 a interest rates boosted move taken to keep inflation in Check fed says Washington a the Federal Reserve attempting to squelch inflation before it gets started tuesday raised Short term interest rates for the fifth time this year. The increases were expected to quickly filter through to rates charged millions of american borrowers on everything from Home equity Loans to credit cards. Increased . Interest rates should have the added Bonus of strengthening the value of the Dollar overseas which is not far above the Post world War ii Low it hit last month against the japanese yen. After a closed door meeting of its policy setting Federal open Market commit tee the Central Bank issued a statement indicating it was pushing up two key in Terest rates. The Benchmark Federal funds rate which Banks charge one another on Over night Loans was increased to 4.75 percent from 4.25 percent. The discount rate which the fed charges on its own Loans was raised to 4 percent from 3.5 percent. The actions Are intended to keep inflationary pressures contained and there by Foster sustainable economic growth the fed said in its statement. The moves bring both the discount rate and the Federal funds rate to the highest level since december 1991. Before the fed began tightening monetary policy in see rates on Page 2 Macedonia gis position themselves in potential hot spots by Kevin Dougherty staff writer observation Post 57, Macedonia a Short distance front where the United nations has its easternmost observation Post in Macedonia a path leads Down to the floor of a quiet Green Valley. Armed with a global position ing system 21-year-old pfc. Jason Doss descends the Hill with another Soldier an m16 Slung Over his left shoulder. Al though the patrol lasts Only about 20 minutes Doss stops several times to punch up his location. From where he stands the serbian Border is More than 2,000 meters 2,200 Yards away he figures. We Are required to take one of these every time we go on patrol Doss said of the Gas a device the size of portable phone that tracks a person s position with the Aid of a satellite. Until the serbs and macedonians agree on where to draw theatre Wner Ara m. See position on Page 4 spec. Derek Van Schelt puts sandbags atop a Bunker at observation Post 57 in Macedonia near the Borders of Yugoslavia and  first troops leave Goma officer says by sue Palumbo staff writer Goma Zaire . Military forces have begun pulling out of Goma Accord ing to military officials at the campsite. A spokesman for the joint task Force Public affairs office said the first 10 peo ple left for Home monday. A group of 17 army engineers and some vehicles were to leave tuesday according to an Engi Neering spokesman. We Are sending people Home when their Mission is Complete. There is no set Date said maj. Bob Jarvis a Public affairs spokesman. As soon As our operations Are Complete and our jobs Are done b stranded children Jam orphanages h limits on mail eased we leave. About 270 . Forces initially deployed to Gorna in july with purified water for fleeing rwandans As their top priority. About 1,950 Are deployed to Africa with operation support Hope now said Navy cmdr. Ron Morse a . Euro Pean come spokesman. At the present time we Don t see a need to significantly expand the number of persons assigned Morse said. We re closely monitoring the Situa Tion and will adjust As circumstances dictate. There Are some adjustments All the time. But Overall we will be stable for  More than 1 million rwandans fled their country in less than four Days. Thousands died on the roadsides and in squalid refugee Camps of disease and see troops on Page 2 fallfootimisghedu1es College thursday 1 of Friday see sports  
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