Show 30 industrials daify close 20 municipal bonds Friday close Conv 30-ye- ar mortgage 34 points 21 key InsideltodaylIseclio A ‘new town’ commodities Friday close Idaho businessmen want to build city south of Boise — Page 2F Reverse mortgages Trade — for money equity Page 3F House-ric- h cash-poor- ? Tips for home buyers 29 5 13 19 26 2 9 16 23 Dec Jan Feb 29 5 13 19 26 2 9 16 23 Dec Jan Feb 29 5 13 19 26 2 9 16 23 Feb Dec Jan Book offers valuable tips about what to do — Page 3F 29 5 13 19 26 2 9 16 23 Dec Jan Feb Standard Ewnner yaphic Bond and Commodities data provided bySfrearson Lehman Hutto l STANDARD-EXAMINE- R SUNDAY FEB 25 1990 BUSINESS EDITOR: 4 625-424- Week aid to East may run thin m By SALLY JACOBSEN Associated Press BRUSSELS Belgium — Western Europe is proffering aid eagerly to the deprived East but some European Community members see the aspirations of their neighbors as both a benefit and danger to the economic bloc’s own integration Political upheavals in the East bloc have raised new commercial opportunities At the same time some worry that the huge task of aiding Iron Curtain economies could be deemed more politically urgent than the Community’s plans to remove the economic barriers dividing the dozen West European nations Furthermore some of the Community’s poorer nations such as Portugal and Greece worry that the group might direct resources to the East at their expense “The Community is running enormous risks because the pace of events has fueled the debate on European integration" said Jacques Delors president of the European Commission the trading bloc’s executive body “The Community must speed up the pace of European integration if it is to remain a focal point for others" he said in a recent speech to the European Parliament the Community’s legislative body An ambitious integration plan by the Community scheduled for 1992 envisions a Europeanwide market of 320 million consumers unfettered by trade barriers The plan would create a monetary union with a common currency and central bank and fashion closer political cooperation in such areas as foreign policy Belgium Britain Denmark France West Germany Greece Ireland Italy Luxembourg the Netherlands Portugal and Spain make up the Community Integration plans have not met blanket approval Prime Minister Margaret Thatcher for example is reluctant to make British monetary policy subject to a single European monetary union But leaders of the Community also known as the Common Market have been united in the desire to help the emerging democracies in Eastern Europe convert their centrally planned economies into free-mark- et systems The new governments deal with must poor economic See AID on 2F KEWDEW Local JOINT VENTURE: Morton International Corp and the Bendix Safety Restraints Group of have announced a joint venture to assemble automotive air bag modules for the passenger side of cars the companies said Thursday Inflators for the modules will be built in Morton International’s new plant in Brigham City said George vice president of automotive programs with Morton’s Automotive Safety Products Group LEASE: Morgan County is negotiating v ith a Northern Utah aircraft parts manufacturer to convince it to become the first tenant m the county’s new industrial park in Mountain Green REDEVELOPMENT: Proposed redevelopment near Freeport Center would create 8000 additional vehicles traveling daily through Clearfield and the city needs a new overpass to prevent downtown congestion a city planner said Wednesday City Planner Doug Wheelwright told the Clearfield Planning Commise sion the redevelopment northwest of the Freeport project Center would “dramatically affect” the flow of commuters from Interstate 15 to the west side of the city Allie- d-Signal Kir-cho- Associated Press Workers walk past a ship just completed for the Soviet Union at the Gdansk Shipyard in Gdansk Poland last Outlook risky for US firms Companies eyeing E Europe will face a longterm investment By JULIA C MARTINEZ Associated Press When Sybron Corp negotiated a joint venture in Budapest talks stalled while attorneys for the Hungarian partners grappled to translate “profit" “It was difficult to put the word profit in'jthe contract in Hungarian so we wrote it in German" said Donald Rackl chief financial officer for the Milwaukee manufacturer Sybron weathered that and many other problems starting its first business in Eastern Europe The company expects to dance around bigger business potholes when its microscope-slid- e plant starts production this year Even a veteran like PepsiCo Inc after years of operating in the region has altered the way it normally does business in order to cope with problems alien to the West Pepsi plants in Czechoslovakia sometimes run out of bottles due to late shipments In the Ukraine state officials snatch soft drink delivery trucks to haul harv ested wheat said Richard Norton PepsiCo vice president for Eastern Europe Adapting to such inconveniences is part of reality in countries still shaking off the dust of communist rule Less easily overcome are structural and economic problems: rapid inflation huge foreign debt and inconvertible currencies that month The shipyard was the birthplace of the Solidarity movement that incited sweeping East bloc changes m Here Is a brief sconomlc breakdown of the countries collectively referred to as Eastern Europe iiwo' y U IL Czechoslovakia 100-acr- National INFLATION: Federal Reserve Chairman Alan Greenspan said that while he was surprised by certain aspects of January’s sharp jump in consumer prices he was not worried that inflationary pressures were accelerating Greenspan appearing to present the central bank’s report to Congress was questioned at length about his views on inflation in light of Wednesday’s government report that consumer prices shot up by 11 percent in January the biggest monthly increase in seven ears semi-annu- al East Germany World JAPAN TRADE: Computerized selling and interest-rat- e jitters pushed stock prices into a loss causing the in history on the world’s lareest exchange The Call came two days after the Tokyo market’s decline and puts the Nikkei index of 225 selected issues down 256935 points — or nearly 7 percent — for the week tail-sp- AP'SianCa-f- l Examiner make it difficult to turn profits tion in Eastern Europe remains into dollars only a promise Several coun- In many respects the revolu- See OUTLOOK on 2F year-roun- Carol Kleiman Chicago Inbu'K wages" said Julie Withers assistant professor of business economics at Washington University in St Louis “Corporate America recognizes that there are just not enough qualified men to fill the job openings and it would be very shortsighted not to pay women equally I’m optimistic corporations will be adaptable" It’s going to be a long road to equality says Anthony F Buono associate professor and chairman of the management department of Bentley College in Waltham Mass “Lqual pay will come as women develop the needed credentials and expertise and when they begin to move into roles filled by men” said Mu there was a shortage of engineers salaries went way up" ' Wayne says “women are going But it won’t do so until forced to have to fight to eliminate wage discrimination because no one’s to" Pay equity comparable pay for going to do it for us" Wayne cites suits by predominantly fejobs of equal responsibility should be an “important tool" in male work forces against public the next decade to recruit qualisector employers that in the ’80s fied women said Claudia E resulted m $450 million m pay Wayne executive director of the equity adjustments National Committee on Pay EqNina Rothchild commissioner of employee relations for Minneuity But she’s not sure it will be “In the past supply and desota which implemented pay eqmand has Dot worked when genuity in 1983 looks to a political der is involved" said Wayne solution to the problem “One who heads a coalition of major leverage women have is we’re a majority of the voters women’s labor and civil rights the fact and I believe m “Despite organization through that nurses and secretaries are m the political process lo charge short supply and are not paid acthings” said Rothchild whose cording to comparable work men agency employs 35 000 “Employare doing their salaries have not ers can get away with not paying women equally because they algone up as quickly nor as high as should still and reach they they ways have but women's political the top of their salary ranges power can spill over lo the workmore quickly than workers in place and help raise salaries fields But wheat The commissioner saw she's Buono “Once business finds it cannot attract quality people it will have lo pay more money male-dominat- ed in fifth-wor- st third-large- st Views vary on when women will be paid equally with men CHICAGO — The year 2000 could show a marked improvement in women’s salaries because for the first time it will be a seller’s market for qualified women workers Women have very slowly been catching up with men in earnings Recerit studies show the median income of women working d is $18545 full time 68 percent of the $27342 for men Even corporate women at the vice presidential level or higher are paid 42 percent less than men with comparable titles The fear remains that despite the projected labor shortage women still will be viewed as cheap labor by corporations and a golden opportunity to balance the pay scales will be lost Others believe the next decade will be one of fairer wages for women because of free enterprise “If you believe in competitive markets then the forces of supply and demand should determine ff “optimistic in the long run because there's a whole revitalized generation of young women out there who care about economic d issues My daughter Mary age 32 is a Wall Street banker who considers a decent wage her entitlement Even though I was a college graduate I didn't even think I'd work oute side the home I was a homemaker for 25 years" This change in a sense of entitlement may determine whether women bridge the salary gap by 2000 says Patricia Harrison president and founder of the National Women’s Economic Alliance in Washington and a partner m E Bruce Harmon Co a public relations firm “I see a new among women who are not equivocating anymore about their worth and that's an incredible difference” said Harrison who has 60 employees “lm very hopeful and credibly talented and are multiplied by tens and thousands of women" If the bottom line in the next decade depends on pay equity employers will be more likely to institute it “Employers who discriminate against women are going to lose out to employers who pay fairly and will end up being less competitive" said Economist Ann R Markusen of Rutgers University “Women will make salary gains but they will continue lo be held back by the refusal of men to take on more responsibility for child rearing and housework" A corporate official agrees that family concerns could prevent women from bridging the wage gap “In fact the gap could widen as more women barter upward mobility for the flexibility to meet famny responsibilities' said Fanh A ohl a division chief at E du Pont dc Nemoun the women whom A Co Roth-chil- full-tim- I sce are so in 1 |