European Stars and Stripes (Newspaper) - September 28, 1994, Darmstadt, Hesse Wednesday september 28, 1994 Money matters the stars and stripes Page 15 today s rates following Are fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use British Pound 1.61 dutch Guilder. 1.69 German Mark 1.51 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 rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign it Treen ties austrian Schilling. 10.9210 Bahrain Dinar. 0.37697 belgian franc .31.905 British Pound. 1.5739 Canadian Dollar. 1.3468 danish Krone 6.09 dutch Guilder. 1.7375 French franc 5.3035 German Mark 1.5525 greek drachma .236.75 italian lira 1,563.50 Kuwait Dinar. 0.29715 norwegian Krone. 6.7970portuguese escudo. 158.15 saudi rial. 3.7507spanish peseta. 128.55 Swiss franc. 1.2845 turkish lira. 34,065.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $394.15 an ounce. Silver quote $5.62 an ounce sources merchants National Bank & Trust co. And the associated press new York Exchange new York a sales of the 15 most Active no trading nationally of monday. Name. Micro techs Glaxo Arnat laity for motor s or strata Gen motors. Team exams Zeneca. Chrysler Merck am Barrack at to corp Phiiip Morris closing Price and net Chango York Stock Exchange issues volume 8,191,500 6,639,2006.017,700 4,347,600 4,058,900 3,733,3003,584,900, 3,479,700 3,149,900 3,122,000 .2,824,1002,644,300 2,380,800 2,080,900 2,025,000 last chg. 36 -2 17%. Unch 26h unch 49v4 1h 68w 3v499v4 i 46w -.-v.65% tt37h -1tt 43 i unch 34vk it 26v4 unch 54h to 59v4 a a american Exchange new York a sales closing Price and net change of the 10 most Active american Stock Exchange issues trading nationally at More than $1. Name volume la chg. Echo Bay 964.100 Lacomb 853,900 Royal Oak 717,300 pc Ltd 528.600 Ivan up 375,800viacom it hell Onetis Interpol gym us Alcor 36h/449/16 unch 11/16 unch19v4 /4 337,200 43/16-1/16 316,900 9vi unch 289,600 2 13/161/16 287.600 33/16-5/16 264,200 3ft h women minor Glass ceiling experts say taxpayers sought for $54 million in irs refunds Washington a the internal Revenue service is looking for 92,200 taxpayers to share $54 million in refunds. The irs said monday that the taxpayers need Only let the service know where to Send the checks averaging $584 each. Each year thousands of taxpayers miss their refunds often because they move and fail to notify the irs of their changes of address on form 8822 or because the service incorrectly read their names and addresses. The vast majority of taxpayers make sure they get the Money coming to them on time. During the last filing season 75 million received checks averaging about $1,000. Irs spokesman Wilson Fadley said the tax Agency usually tracks Down most of those it misses. It asks local newspapers to publish their names. New York a women make up about half the work Force yet less than 5 percent hold positions in senior management of . Corporations. For minorities the statistics Are even Grimmer. Black asian and hispanic men and women occupy Only 1 percent of top corporate jobs. Those Are discrepancies the labor department s Glass ceiling commission is attempting to address. The term Glass ceiling refers to unseen barriers to the advancement of women and minorities in the corporate world. The commission held its fifth and final hearing monday with testimony from Lawrence Tisch the chief executive of lbs inc.-,Connie Chung co Anchor of the network s evening news corporate and Community leaders educators and others ,"."/.-. " it will report to Congress on its find Ings and recommendations in january. In the past 30 years since Congress passed the act the United states has made Progress in eradicating Many of the most overt forms of Bias on the Job Secretary of labor Robert Reich said in his opening remarks. But we be still got a Long Way to speaking before the commission Tisch said lbs had worked hard to promote the concept within the network that a person should be judged on ability alone. Consequently female officers and Man agers represent almost 40 percent of the work Force and minority officers and managers make up 19 percent. We have taken advantage of the fact that other companies Are not using minorities and women Tisch said. So Many people have not been Chung said that although affirmative action policies probably helped her obtain her two first jobs in television her later positions with lbs were a tribute to the company s policy of promoting peo ple on the basis of ability. In her testimony Sheila Wellington president of the business research group catalyst said the representation of women and minorities in the business world has changed Little Over the past 25 years. ,. There is a Glass ceiling that has been documented and re documented said Wellington whose group works to pro Mote change for women despite increasing education women Aren t advancing. About 20 years ago 15 recent of Middle level management jobs were held by women yet those same peo ple Aren t in the top ranks today she said. ,. \. At the same time 40 percent of Law students 50 percent of accounting Stu dents and 30 percent of candidates for higher degrees Are women she said. Created under the civil rights act of 1991, the Glass ceiling commission was established to focus on eliminating barriers to the advancement of minorities and women to top business positions. Previous hearings were held in Kansas City Dallas los Angeles and Cleveland. More than anything Reich said conv panics that Don t hire and promote women and minorities fail to take advantage of a Large labor Pool it s not just a clues tin of complying with the Law or doing Good for society Reich said. There is a Bottom line con a new beginning bulldozers Clear away the rubble sunday after buildings were razed in downtown Beirut. The lebanese capital suffered Oxten Sive damage from civil strife Between 1975 and 1990, and the buildings were levelled. To make Way for new commercial centers. The $1.8 billion reconstruction project began last week and is expected to take three years to Complete. Hispanics allege pizza hut bids Miami a a lawsuit accuses pizza hut of a pattern of discrimination against hispanic employees resulting in fewer advancement opportunities and lower wages. The lawsuit filed in . District court seeks damages in behalf of four hispanic employees in Miami restaurants. If certified As a class action it could cover All of the Chain s hispanic employees. This is one of the clearest cases of ethnic and racial discrimination by an employer which i have Ever seen Ervin Gonzales attorney for the plaintiffs said in a news release monday. Pizza hut spokesman Rob Doughty said the company had not seen the lawsuit but he denied the allegations. More than half of All pizza hut managers in Dade county Are hispanic he said. Of promotions Given during the past eight months 62 percent have gone to hispanics. We just Don t tolerate discrimination in our company at All Doughty said. Our record does t support those allegations the lawsuit filed last wednesday also alleges that pizza hut a division of Pep Sico inc., has engaged in nepotism with managers and supervisors hiring and promoting friends relatives and acquaint ances Over experienced hispanics. Additionally the lawsuit charges that higher level employees made discriminating and harassing statements to some of the hispanic employees. It also states that employees who complained of discriminatory practices were retaliated against by pizza hut
