European Stars and Stripes (Newspaper) - September 07, 1995, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters thursday september 7, 1995 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 Pound 1.59 dutch Guilder 1.60 German Mark 1.44note 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 Curren cies austrian Schilling 10.3635 Bahrain Dinar 0.3769 belgian franc 30.335 British Pound 1.5521 Canadian Dollar 1.3370 danish Krone 5.7145 dutch Guilder .1.6505 French franc 5.0812 German Mark 1.4753 greek drachma. 236.80 italian lira a. 1,630.75 Kuwait Dinar 0.30120 norwegian Krone 6.4400 portuguese escudo 153.22 saudi Riyal 3.7505 Spanish peseta 126.30 Swiss franc. 1.2130 turkish lira. 47,450.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $379 an ounce r. Silver quote $5.22 a ounce sources merchants National Bank & Trust co. And the associated press new York Exchange new York a sales inc 15 most Active new York tuesday. Name. Us Sirp. Ism.   san somatic. Built to. Ford motor global mar. R. Chr Ysidro. ". Micro tech s sign Parail. 4 . Price and net change of Stock Exchange issues trading Wilmart Tel Max ads. Lyviu bake Hughes Compaq volume 7,255,800 6,571,300 6,262,500. 5.767,000 .5,250,200 -4,710000 1,071,400 3,997.100 3.-955.400 3.166,800 3,099,500 2.82.7,600 2,594.300 2,407,900 2,388,700 last chg. 101 a 73vi 2 32w -t-1 7vi a 2v4. 4 /4 49m vt24% 33.v5 m7 % 22h h 49v4 american Exchange new York a sales she 10 most Active american tuesday. Name -. -. Viacom vat Amdahl via come ,-.plain Csc. Echo Bay a Aylor Ciconi Organ of. I tur Erbb -. Rusco . 4 . Price and net change of Stock Exchange issues trading volume last chg. 6,575,500 1 7/16 v1/16 1.067,6009vi h 895,900 48vi 0,30085/16-27/16 474,900 403.100 377.600 341,800 333,700 10-Hny 21. F 29h 19 333,000811/16 i Dow Jones new York a Dow Jones closing Range of aver Ages tuesday. High Low close change 4607.90 4525,70 4670.08 up 22/.541 1953.08 1900.89 1945.19 up 32.70 " 30 industrial20 transport 5 utilities. 65 stocks 205.38 202.81." 204.19 up 0.531591.32 1561.32 1582.94 up 13.62 fire Hazard spurs recall of scarves Washington a hundreds of thousands of Indian made sheer Rayon and Rayon blend ladies scarves Are dangerously flammable and should not be worn the . Consumer product safety commission warned wednesday. The Agency and 17 importers Are Recal Ling 375,000 of the Chiffon scarves be cause they Burn faster than a Sheet of newspaper a violation of the Federal flammable fabrics act. The scarves have been sold nationwide for Between s2 and $28. Survey again rates .v \-.-. M or \ a v v v a " As most competitive Sand Geneva a the United states is the world s most competitive nation for the second year running while Singapore remains a close second according to an annual economic Survey released wednesday. Japan world Leader for nine years Slid past Hong Kong to fourth place in part because of economic troubles and a drop in business Confidence. Japan fell from first place to third last year. Switzerland was in fifth place followed by Germany the Netherlands new Zea land Denmark and Norway. The report first begun in 1980, is1 com piled by the world economic forum an International organization of business leaders politicians and academics based in Geneva and the Institute for manage ment development in Lausanne Switzer land. The 796-Page Survey assesses 48 economies for their competitiveness which it defines As the ability to generate wealth in International markets. The . Performance was the result of government programs of deregulation and privatization leadership in new technology and strict control on labor costs world competitiveness ranking based on each nation s ability to generate wealth in International markets top 10, of 48 countries rated 1 United states 2 Singapore 3 Hong Kong 4 Japan -5 switzerland6 Germany 7 Netherlands 8 new zealand 9 Denmark 10 Norway Bottom 10 of 48 countries rated 1 Russia 2 Venezuela 3 Hungary 4 Poland 5 mexico6 Greece 7 South Africa 8 Jordan 9 Turkey 10 India source world economic forum ap/s4s said Stephane Garelli a professor at the  said that nine years ago . Wages were roughly 35 percent More expensive than Germany while in 1994 the color of Money Caridad Izquierdo arranges clothing monday at a Benetton store in a Havana Cuba luxury hotel. Izquierdo says Many customers Are cubans who have prospered under the communist nation s recent economic liberalization. Former officials of up indicted los Angeles a two former top officials of United press International and financial news network were indicted tuesday on charges of conspiring to conceal the companies poor financial condition in the late 1980s. Former up and fun chairman Earl a. Brian and his chief operating officer John f. Berentson were accused in the 24-count indictment of lying to obtain$56 million in Bank Loans in 1989. Brian headed inf technology inc., anew York company with controlling interests in up the International wire service and fun a business and Finan Cial news Cable television network. Brian and Berentson Are accused of falsifying fun s books to deceive Banks regulators and investors using millions of dollars from fraudulent lease trans actions to keep the companies running and lying to their outside accountants to conceal the  s attorney Richard Marmaro Saj the had to seen the indictment and declined to comment Brentson s attorney Mark Beck said Berentson will Dis Pute the charges. In 1993, Brian settled securities  commission charges of inflating fun s revenues by millions of Dol Lars with no  guilt. Three executives named in the Sec suit c. Steven Bolen Gary a. Prince and . Young were named As co conspirators in the indictment. Prosecutors said Bolen and Prince were cooperating with the government. Bolen has pleaded guilty to charges of conspiracy securities fraud and Bank fraud and Prince has pleaded guilty to charges of conspiracy and making false statements to the Sec. Young was to be arraigned monday. . Labor Cost an average of $2.20 an hour less than in Europe. Singapore scored Well despite its Lack of natural resources because of a highly skilled work Force and pro Trade govern ment policies Garelli said. Hong Kong s Rise to third place from fourth was helped by the business Friendly government and an outward looking population he said. This year the report included Russia China Egypt Israel and Jordan for the first time. Russia ranked last in every Factor except its work Force skills reflecting the problems it faces in switching to a Market  Are calculated on the basis of More than 120 criteria including Domestic economic strength technological infrastructure unemployment Quality of life attitude and skills of the work Force scientific research and entrepreneurship. They also take into account opinions culled front More than 4,000 executives worldwide. The rankings Are weighted two thirds on the basis of economic performance data and one third on the executive surveys. . Plans to Monitor Japan pact Washington a the Clinton administration is hoping a plan for monitoring its Auto pact with Japan will answer critics who say the Deal will do Littleto narrow the huge Trade Gap Between the United states and Japan. The _ detailed package unveiled wednesday contains a variety of ways to Monitor Success in increasing sales to Japan of american autos and Auto parts. . Trade representative Mickey Kantor called the Auto Deal an unprecedented set of commitments made  v 7 opening of the a world s second largest Auto Market is critical to the . Econ omy Kantor told a crowded gathering of Auto Industry executives assembled in the old executive office building to hear details of the plan. _ the main feature of the monitoring agreement will be an inter Agency team composed of five Cabinet level agencies that will gather data on sales of .made autos and Auto parts. Commerce Secretary Ron Brown who also attended the ceremony Szu d this enforcement Jeanv will provide in creased Access to the Type of data Nec Essary to ensure that Japan lives up to it commitments. Officials of both the Auto and Auto parts industries presented statements endorsing the package in what the administration hoped would be a spread of sup port in answer to critics who have charged that the administration s Effort will come up Short in producing actual re sults because it lacks numerical goals. Conservative Pat Buchanan who i seeking the Republican presidential nomination said the administration was making a futile Effort to Salvage a bad Deal. This is Bill Clinton s Effort to engage in political damage control Buchanan said. This does not alter the fact that there was nothing in the agreement. We got nothing but another Promise from the japanese