European Stars and Stripes (Newspaper) - October 9, 1994, Darmstadt, Hesse                                Sunday october 9, 1994 Money matters the stars and stripes Page 13woman sworn in As chief of Bank regulatory Agency from the associated press Washington a Ricki Tigert was sworn in Friday As chairwoman of the Federal Deposit insurance corp., the first woman to head a Federal Bank regulator Agency. Tithe 49-year-old banking attorney was confirmed 90-7, by the Senate on tuesday a aay after the threat of a Republican filibuster was averted on a 63-32vote. President Clinton had announced her selection in november 1993, but her nomination was blocked by republicans Early this year. She is an acquaintance of the president and Hillary Rodham Clinton a and her opponents said she did not have the Independence to preside Over an Agency involved in the Whitewater investigation of the Clinton and their Arkansas business associates. The Odic insures $2.5 trill Ion deposited in Banks and savings institutions and serves As primary Federal regulator of the 8,800, mostly smaller state chartered Banks that Are not members of the Federal Reserve system gome rating system set Dallas a a coalition of software developers is unveiling plans for a new rating system for computer games to warn Consumers about violence sex or v  a a a v by buyers of computer games will Start seeing the ratings issued by the newly created recreational software advisory Council As Early As this month said Council co chairman Robert Roden. The councils system announced thursday proposes to rate violence nudity and language each on a four level scale. Higher grades will be assigned to computer programs featuring More material that could be objectionable. New York api a weekly investing companies fluno the Moll Tow and fast Nav far the week with me net change trom fee previous week s last Nav. All quota Tlona. 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The transaction is completed in a single currency the .  _ a a it a the global currency a said Peter Stroink a spokesman for Royal dutch Shell in Rotterdam Netherlands. A a that a the tradition a that a the  and to a far greater extent than most americans appreciate that simple fact is responsible for much of their current Prosperity. In effect the rest of the world is helping americans go on a global shopping Binge. It is a Benefit no one else has a one the late French president Charles de Gaulle called the a exorbitant privilege a of the country with the leading International currency. Exorbitant indeed. As recently As 1980, the United states had a credit of $400 billion with the rest of the world a in effect a positive balance of $400 billion on its global credit card. But so profligate have americans been since then that the United states today is easily the worlds biggest debtor country with a negative credit balance of a staggering $550 billion. 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Their Standard of living would take a turn for the worse a a Sharp turn. Already the Dollar is showing signs of losing some of its global magic. It has taken a beating against the japanese currency. In june for the first time since world War ii it bought fewer than 100 yen. It once bought 360. A. Quot a a but the shopping spree goes on. In fact the most recent government figures show that in july americans registered Art $11 billion deficit in their Trade in goods with the rest of the world the second largest monthly figure Ever. That Means americans added another $11 billion to the Supply of dollars floating around outside the unit a red states. A v-1 they could do that Only because the preferred currency a whether in Moscow Mogadishu Somalia or Montevideo Uruguay remains the . Dollar. Foreign governments Banks businesses and individuals still cannot get enough of them. But this has not been enough to Stem a Sharp decline of the Dollar against the Worl cts strongest currencies. 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