European Stars And Stripes (Newspaper) - July 13, 1986, Darmstadt, Hesse                                Sunday july 13, 1986 the stars and stripes Page 7 . Banks Cut prime interest rate to 8% new York Dpi the nation s Banks have Cut their prime lending charge by half a Point to 8 percent the lowest in More than eight years in a dra Matic casing of interest rates the White House Hopes will reignite a lacklustre Economy. The move promised to bolster con Sumer purchases of automobiles and houses two of the most interest sensitive sectors of the Economy. The announcements by individual Banks came one by one Friday As Bank managements took their Cue from the Federal Reserve s latest policy move a largely unexpected half Point reduction late thursday to 6 percent in the rate it charges commercial Banks. At the White House president Reagan told some reporters he endorsed the fed eral Reserve s action but did not think another rate Cut right away would be Wise. Once the fed acted a lower prevailing prime rate was considered inevitable. But until the fed made its move Finan Cial markets could not be certain thai the nation s interest rate Structure would actually go Down another step. The realignments pulled the Bank rate to its lowest level since january 1978. Many analysts said it is still an Ope question How much help the change will be to consumer demand and the Pace of business. Chemical Bank was joined by Citi Bank the nation s largest san Francisco based Bank of America Chase manhat Tan manufacturers Hanover Trust mor Gan guaranty Trust Chicago s Harris Bank and first National Bank of Chi Cago in announcing the lower rate. The fed s decision to Cut the Dis count rate is going to trigger a whole Host of interest rate declines in the . Finan Cial system said William v. Sullivan jr., senior vice president at Dean Witter Reynolds inc. The key Federal funds Bank overnight rate will go Down As will Treasury Bill rates he said. Some analysts said the so called Federal funds rate the Over night rate Banks charge each other would slip to near 6vt percent from it level of the past few months of near 7 percent. Sullivan said Small and medium size businesses whose loan charges Are scaled upward from the prime rate will Benefit and mortgage rates will once again move lower after having stalled for two months. But equally important Many con Sumer rates such As Home equity Loans arc now tied to Treasury rates and the prime and these will be adjusted Down Ward by no less than one half percentage Point within the next few weeks Sulli Van said. Coke crusader claims classic changed colors Atlanta up1 the Man who led the crusade against new Coke forcing coca cola to put its Origi Nal formula Back on the Market a year ago says he has found a new soda. On the first anniversary of coca cola classic Coke officials bragged that the drink is no. I in America. But Gay Mullin of Seattle wash., said Friday the soda that used to stand for red White and Blue has changed its colors and he pledged to give it up. I thought they had a sacred Trust to keep a product that has been our favorite for 99 years said Mullin. He formed a nation wide club and filed a lawsuit last year to Stop Coke from dumping its original recipe. At a news conference in Atlanta where Coke is based he said the soft drink giant now sweetens Mullin coca cola classic with com syrup not sugar and vowed to drink Only sugar sweetened soda. Coca cola was America it was something stable in our lives said Mullin. They put me awash in beverage sea. I say if they re never going to use sugar again i m going with someone who uses sugar. 1 be found a drink called Jolt that has sugar in it. I like  he said he has not been paid to endorse Jolt a cola drink made in Rochester . Coca cola co. Spokesman Randy Donaldson said Coke started using 25 percent fructose in 1980. By november 1984, five months before abandoning the original formula it was using 100 percent fructose and no one complained he said. Coke reluctantly put the Gas sic formula Back on the Market july 12, 1985 three months after introducing new Coke. Since then the Trio of classic new Coke and Cherry Coke have picked up a Market Point Over Pepsi Worth $250 million Donaldson said. It s All working out very nicely thank you he said. Coca cola classic is now our flagship product Donaldson said. We have also established that coca cola classic has returned and is now the no. 1 Selling soft drink in the United  refused to say How much bigger the classic mar Ket is Over the new Coke Market explaining that in t  coca cooler with temperatures hovering in he High 90s in a prolonged heat wave coca a 10-year-old asian elephant in the Atlanta zoo welcomes a Cooling Spray of water from keeper Willie Theison. Alamson family member denied parole Frontera Calif. A Leslie Van Houten a former apostle of murder cult Leader Charles Manson laces at least 10 More years in prison for her role in the 1969 Sharon Tate Labianca killings a parole Board has decided. Van Houten 36, appeared to be fighting Back tears As she heard the panel s decision Friday. A year ago she was told she was close to winning parole. She is eligible for another parole hearing in a year. The savagery goes beyond description Board member Rudolph Castro said of the seven slayings. The motive of these crimes was inexplicable Cas Tro said. A group known As the Manson family planned to Start a revolution for the purpose of destroying american society As we know it. The Butcher ing of the Tate victims and the Labianca couple Are beyond equal in previous criminal  after the hearing Castro said that even if the Board eventually sets a Date for Van Houten s release the Board s guidelines would require that it be about 10 years in the future. Castro and fellow members Joseph Aceto and la Ruth Mcreynolds suggested she attend self help pro Grams at the California institution for women at fran tera such As alcoholics Anonymous and narcotics Anonymous to Deal with the drug problem that led her into the Manson family in the 1960s. The panel also cited her unstable social history and her tendency to become involved with misfits such As Manson. I Don t think anybody wants to Wake up and find Leslie Van Houten is their next door neighbor said los Angeles county Deputy District attorney Stephen Kay. Air Force plans to put museum piece into orbit Washington a the air Force has dusted off a Navy satellite that has been hanging in the National air an space museum for 15 years and plans to put it into orbit this fall for communications experiments. In return the museum received a earlier version of the same satellite. The experiments an air Force spokeswoman said Friday should help communications and meteorological satellites Over the North pole avoid interference caused by the Aurora boreal is also known As the Northern lights. The Aurora which causes spectacular displays of color in far Northern skies also distorts radio signals. The 270-Pound satellite renamed Polar Bear for Polar Beacon Experiment and auroral research was in extremely Good condition when removed from the museum said it. Andree Swanson of the air Force space division in los Angeles. The device formerly a Navy communications satellite is to be carried aloft atop a scout rocket on oct. 8 from Van Denberg fab Calif., she said. To prepare it for the experiments the satellite was refurbished by the Johns Hopkins applied physics Laboratory of Laurel md., Swanson said. Most of the electronics were  one solar cell out of thousands on the panel was rated marginal and needed to be replaced she said. Using the old satellite rather than building a new one will save More than$2 million according to Larry Hannon another air Force spokesman. The serv ice will save an additional $6 million to $8 million by retooling spare parts to accommodate the new payload rather than designing new equipment he said. The idea for using the old Navy satellite came from researchers at Johns Hopkins who traded in a similar Mode that proved unworthy of flight. Neither had Ever been in orbit. Allan Needell a curator at the air an space museum said the satellite now in the collection a transit 5-a, was the Firstin a series used by the Navy for comm  Trade upgraded our collection said Needell. He said the satellite traded to the air Force was an Oscar 17, a later Model that used the same hardware and looks virtually the same from the outside but is of less historical interest because it is newer