European Stars And Stripes (Newspaper) - September 8, 1978, Darmstadt, Hesse Page 6 the stars and stripes Friday september 8, 1978 Don t know credit costs credit card users Nof a ways fully informed stateside Washington a people who charge expensive purchases on credit cards Are not receiving full disclosure of credit costs under Federal truth in lending Laws the Federal Trade commission said reason is the increasing use of cred it cards in the decade since the truth in lending act has been on the books Etc chairman Michael Pertschuk said in Testi Mony before a congressional panel. That Law was written to assure that con Sumers who borrow Money for major Pur chases get full information on what lending charges they will Law was written with traditional instalment loan buying in mind Pertschuk said. In such so called closed end Pur chases the buyer makes regular payment until the loan and any finance charges Are , credit cards use open end credit that allows new purchases before old purchases Are paid and these accounts Are not subject to All of the requirements of the instalment loan plans. Benson Ford s widow to get $50 i 11 Ion Detroit a the widow of Benson Ford will inherit about half of the Auto executive s $100 million estate according to the will filed in Wayne county probate court. The will filed this week splits up the remaining $50 million of the estate Between taxes charitable donation and trusts for his family and family employees. Benson younger brother of flamboyant Industry magnate Henry Ford ii. And a vice president of the family controlled Ford motor co., died july 27 while vacation ing aboard his yacht on Lake Huron. He was 59.probate judge Ira g. Kaufman also con firmed widow Edith Mcnaughton Ford As executor of the estate giving her Permis Sion to sell 150,000 shares of Ford motor co. Stock to cover death taxes. Mrs. Ford will also be responsible for determining the amounts of legacies to be awarded certain employees who personally served her late husband. Benson Ford bequeathed $500,000 to Ford Hospital in Detroit. A consumer using a credit card to Pur Chase goods costing several thousand Dol Lars will receive disclosure of Only the an Nual percentage rate and minimum monthly payment Pertschuk or she will not be told the total Cost of credit the finance charge the number of payments to be made the total Cost of credit related insurance and other charges or the total amount which he or she has been obligated to repay he was testifying for the com Mission to a House banking subcommittee that is considering a Senate passed Bill to simplify the truth in lending act which has been the subject of numerous court and Federal Agency Bank cards Are rated the fast est growing form of consumer credit with75 million in the hands of Consumers. The plastic cards Are even accepted now i such places As maternity wards and Funer Al Homes. In addition an increasing Ber of Banks offer both master charge and visa thereby increasing the credit Avail Able through the cards. Los Angeles a a self employed bookkeeper accused of taking $927,000 de posited by mistake in his checking account has returned from Finland and surren dered but authorities say at least two thirds of the Money is still Ristol 52, originally from Finland was charged with one count of grand court judge Gabriel Gutierrez refused a request to reduce Ristol s $100, of bail. The Money reportedly was channelled from Montreal to Switzerland. Deputy District attorney Kellogg Chan said its my understanding that the Bank has locate about $300,000 dollars of it at least that much. Whether they be recovered it or not i Don t disappeared last month after allegedly withdrawing almost All the Money deposited in his United California Bank account last May after what was termed clerical error. Ristol and his wife had gone to Finland last month when authorities were trying to find him to question him about the misplaced surrendered to . Marshals wednesday morning. Kissinger keeps ambitions constitutional Albany new York a Henry Kissinger says a careful study of the . Constitution cleared up his political Ambi . Constitution bars naturalized citizens from seeking the Post of the presi Dency which is a Job the German born for Mer Secretary of state says he would be the most interested in. But during a speech Here Kissinger who is reportedly considering a run for the . Senate in 1980 jokingly put his ambition this Way i be researched the Constitution very carefully. And there is Noth ing to prevent foreign born citizens from serving As Albuquerque passes animal cleanup Law Albuquerque . Up the City Council has passed an animal owners cleanup ordinance introduced by a Council member who said City Parks have begun to look like outdoor toilets for the ordinance passed by a 6-1 vote pet owners Are required to clean up after their animals anywhere in the City except at the owners first violation1 carries a $15 Fine with a second offence costing $30. Any fur ther offences require a court appearance by the from the ordinance Are animals being used by police and seeing Eye those voting in favor of the Mea sure was Council president Patrick Baca who said he thought the ordinance was unenforceable but voted for it anyway be cause its sponsor councillor Marion cot Trell debated the Bill with a straight face Chilli a f de Koenig win a1e.on Art prize Pittsburgh up Willem de Kooning dutch born Dean of american abstract painters and Spanish sculptor Edu Ardo Chilli a have been announced As win ners of the $50,000 Andrew w. Mellon prize for 1978. De Kooning and Chilli a were chosen unanimously by the members of an inter National awards advisory committee according to Leon Arkus director of the car Negie Institute s museum of Art. The advisory Board consisted of . De Wilde director of the steel Ink museum of Amsterdam Jean Ley Marie director of the French Academy Rome and former director of the Musee National d Art mod erne Paris and Gerald Nordlund director of the Milwaukee Art Center. Arkus said the two artists will be Fea tured in the museum s next Pittsburgh International series exhibition scheduled for fall of 1979. Tut Tut comedian Bob Hope portrays the ancient egyptian King Tut ankh amen during taping of a skit on the season Premier of the Donnie and Marie to show. A photo . Researchers still sceptical on laetrile Boston a Federal researchers have found six cases in which cancer Vic Tims improved after taking laetrile but they say their study does not prove the controversial substance is six cases resulted from a nation wide search by the National cancer Institute for examples of positive results from laetrile Federal Agency will use the review to determine whether to begin human test ing of laetrile the trademark for a sub stance found naturally in the pits of apri cots and peaches and in bitter almonds. Although at least 70,000 person have been treated with laetrile in the . In 20 years researchers say Only 93 cases were submitted for emphasized no conclusions can be drawn from the study As to the benefits of 60 minutes Wallace wins Benton award Kansas City to. A Mike Wallace co editor of lbs news Magazine show "60minutes," was named Winner of the 1978 Thomas Hart Benton award wednesday. John Lottes president of Kansas City Art Institute made the announcement. Theaward is Given annually by the Institute s Board of governors to an american whose life and values Best exemplify the ideals concerns and human qualities of the former re Giona Listic artist. Wallace is a lbs news correspondent and has been co editor of "60 minutes since it inception 10 years ago. He was chosen by the governors from nominees in the education Al scientific political and cultural Fields screened by the College s Thomas Hart Bento associates. The award is to be presented at a dinner sept. 29 in Kansas City. Foe s wife wonders if Taylor looks mean votes laetrile. In the six positive cases the said the patients improvement could have been caused by diet or the immeasurable ingredient of the research was published in the cur rent Issue of the new England journal of . Neil Ellison who directed the study said researchers had hoped to get 200 to 300responses. This certainly was t any overwhelming testimony to the supposedly hundreds of cases out there that responded to laetrile he cancer Institute s decision network committee will meet sept. 25 to decide whether to Back human testing for laetrile. The final decision will be made by Institute director Arthur Upton. Advocates claim laetrile has cure thousands of cancer victims. Charlottesville a. A she s a gorgeous woman and i m not said Doris Miller wife of democratic sen ate candidate Andrew Miller about the wife of her husband s Republican oppo nent actress Elizabeth Taylor Warner. She s obviously a celebrity but i Hon Estly Don t know if that translates into votes added Miller whose husband is battling former Navy Secretary John Warner for a Senate seat. Her comments came during a Campaign appearance with Virginia it. Gov. Charles Robb at the University of Virginia. Miller joked that she has led a very Dull life. With one husband and three the 46-year-old Taylor s marriage to Warner is her seventh. But the women do have at least one thing in common. We re the same age Miller said. . Firm gets chinese Iron mine contract Oakland Calif. A Kaiser Engi neers inc. Has been awarded a contract by the Peoples Republic of China to develop two Iron mines the first contract awarded to a . Firm for mining engineering serv ices. The contract is part of China s pro Gram of doubling steel production to 60 million metric tons by 1985," said Kaiser president James f. financial details of the contract with the China National technical import not disclosed at the chinese firms re quest although it was estimated that the work developing the mines would take about a year
