European Stars and Stripes (Newspaper) - October 10, 1994, Darmstadt, Hesse Page 14 the stars and stripes Money matters 2 monday october 10,1994 today a rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound 1.63 dutch Guilder 1.67 German Mark 1.50 note the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound Olhorn currencies to the Dollar a following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies. A a a v a a a austrian Schilling 10.8445 Bahrain Dinar 0.37675 belgian franc British Pound is a Alee Easeal 1.591 Canadian Dollar aah 1.3478 danish Krone 6.026 dutch Guilder. 1.7288 French franc. 5.2695 German Mark. 1.541 greek drachma. 235.36 Kalian lira. 1,567.50 Kuwait Dinar 0.29725 norwegian Krone 6.6965 portuguese escudo 157.23 saudi rial #ssa4s4essasses4sa4e4�e e 3.753 Spanish peseta Estasa Susita a a a a a a 128.80 Swiss franc 1.2745 turkish 34,260.00 note figures Ara expressed Irv dollars to the British Pound other cd ironies to the Dollar Gold quota $392.85 an Oun Fco Silver quote $5.64 an ounce. Sources merchants National Bank amp Trust co and the associated press to i loan practices by the new York times new York. A with Banks suddenly flush with extra capital Federal regulators warned saturday that the Days of easy Money and risky Loans May be returning just a few Short years after excessive real estate lending brought the banking system to its Knees Federal Reserve chairman Alan Greenspan gave a Stern lecture on prudent lending saturday to members of the american Bankers association who had gathered for their annual convention in new York a a a a a. V. Pm Competition among Banks and their no Bank counterparts has never been greater a Greenspan said. A we have been seeing for some months now that the result of that Competition in the form of easing of the Price and no Price terms for credit for business he said it remained an open a dues Federal execs facing limit on accumulated a a \ by Mike Causey a Washington Post Washington a done to be surprised if your Workaholic Boss starts pricing skis or scuba lessons this Winter or starts coming Back from lunch with brochures on dude ranch vacations or Beach rentals. The Days of the executive who never but never takes a vacation appear to be numbered. \ / \ under legislation heading for the White House Federal executives wont be Able to save up unlimited amounts of vacation time that they can Cash in at their hourly rate of pay when they retire. The change approved by Congress at the request of the administration does no to take away accumulated annual leave. But it will put the Bosses under a use it or Iose it system in the future. Limiting annual leave for the exec utites eliminates a perk established by the Carter administration when it created the senior executive service. Ses Mem bars gave up some Job Security and agreed to be More Mobile in return for higher pay and exemption from Federal use it or lose it leave rules. Most employees can to carry Over More than 30 Days of vacation 240 hours of annual leave from one year to the next. Some longtime executives have thousands of hours of unused leave either because they could not take Long vacations or because they wanted to save it up for a Bonus nest egg upon retirement. Federal workers Are paid for unused annual leave lion whether the current loan standards were adequate. Currency comptroller Eugene Ludwig echoed Greenspan a concern in his speech to the convention at the new York Hilton. A we found signs that some Banks have eased their underwriting standards Over the last several quarters a he said. In a tone measured to warn Bankers without raising alarm Ludwig called the situation a a yellow caution Light signalling All of us to remain Alert to avoid a repeat of mistakes made in the recent past. The banking Industry traditionally oscillates Between periods of lax lending standards and periods of contraction As Many of the earlier Loans turn bad. Many Bankers and Industry experts have been warning in recent months that the Sloppy lending practices of the past Are coming Back faster than expected. In particular Bankers have worried that key conditions such As How much collateral is required of business borrowers have been relaxed too far. A Corker of a Champagne workers in Fryburg Germany pack Little red Riding Hood Champagne bottles bearing the bubbly a 100-year anniversary Label last week. The Champagne is produced Only in the Saale a strut Region of the state of Sachsen Anhalt in Eastern Germany and the entire process is done by hand including the Labelling of the bottles. Rotkop Scheh Champagne has been produced since october 1894. At retirement. Each pay raise or Job promotion increases the value of that annual leave. A a a a a the Clinton administration first proposed limiting executive leave to 30 Days. The senior executive service said that would be a hardship and amount to a breach of contract. It asked for a 90-Day 720-hou.r leave limit for the executives. Rep. Frank Mccloskey d-ind., worked out a Compromise with the Senate and the White House which finally agreed to the higher leave limit. Under the Deal which becomes effective the first pay period after it is signed into Law executives can keep their current annual leave balances they can also earn additional leave a up to a total of 90 Days. . Jobless rate reaches 4-year Low Washington a the nations unemployment rate fell to 5,9 percent in september a four year Low the govern mint reported Friday. Financial markets strengthened on the news because the number of new jobs created in the Economy appeared to be moderating. That was considered a less worrisome sign of inflation than Many investors had feared. President Clinton said the report was a fresh evidence that his economic program is working. Reaction to the unemployment report was tempered by news that the nations nonfarm payrolls grew by just 239,000 jobs fewer than the 250,000 expected. Nearly 2.5 million jobs have been added this year. Clinton said 4.6 million jobs have been created during his 20-month presidency. A a we re getting our economic House in order a the president said during a White House news conference. A jobs Are being created at the unemployment rate fell from 6.1 percent in August. The administration hailed the positive economic news while simultaneously trying to Calm jittery investors who worry that a robust Economy will fuel inflation and lower the value of their holdings. Laura do Andrea Tyson the presidents chief economic adviser said nothing in the report would make the administration charge its forecast that economic growth will slow slightly next year while inflation will pick up Only modestly. The administration is predicting that prices will Rise 3.2 percent in 1995, compared with a 2.9 per cent increase forecast for this year. Tyson said one of the most encouraging developments has been a marked improvement in the types of jobs created _ a there have been More jobs created in High wage industries this year than in the previous five years combined a she said ism Apple reportedly near hardware Accord san Jose Calif. Apr ism corp. And Apple computer inc. Are close to agreeing on a common computer hardware Standard and could be Selling the machines within two years said a computer Industry source cited by the Wall Street journal. The two companies have been trying to work out a Standard for computers using the Power pc microprocessor that would allow them to run software for both apples operating system and Industry dominating Microsoft windows. An unidentified computer Industry executive familiar with the talks said that ism and Apple a Are extremely close to defining a common platform that would let the companies sell such computers in about two years the journal reported Friday. Developing a common hardware Standard could persuade software developers to write More programs for apples macintosh operating system and in my a os-2 operating system both overshadowed by Microsoft windows. The companies Are intensifying their talks the Wall Street journal reported Friday citing unidentified computer Industry executives a spokesman for ism said the company had no comment and Apple did not immediately return a Call seeking comment
