European Stars And Stripes (Newspaper) - March 20, 1987, Darmstadt, Hesse                                Friday March 20, 1987 the stars and stripes Page 6 Bank credit card rates a trim interest fates in lop consumer Market to por Marti it Flahert rates Chicago try Buie graphic Bourc Bank it gel retd Bow Rwy House group votes Cap on credit card rates Washington a a House subcommittee Voied wednesday to impose an adjustable Cap on credit card interest rates that would if in effect today set of Rales at 13.8 percent almost five Points below the prevailing rates along straight party lines the demo cratic run banking finance and Urban affairs subcommittee on consumer affairs and coinage approved a ceiling of eight percentage Points above the yield on one year Treasury securities. The Rale would be adjusted quarterly. The ceiling strongly opposed by the credit card Industry now goes to the full committee. Anyone who can t make a profit by Bor rowing Money at 5.8 percent and lending at 13,8 percent should find another line or work said rep. Frank Annunzio dial the subcommittee chairman. Annunzio and other supporters of the ceiling noted that credit card interest Rales Nave hovered at 18 percent while other interest rates have gradually declined Over the last five years the prime Rale to 7.5 percent he discount Rale charged by the Federal Reserve to Bank borrowers to 5.5 percent and per Sonal Loans to 14.1 percent the real reason Tor High interest Rales is simple enough and that is spelled re Cord High profits " Annunzio said. He and others died visa s attempt last week to mobilize Industry criticism of a new american express Optima credit card offered at 13.5 percent As proof that a Federal Cap is necessary. A March ii Telegram from visa president Charles Russell urged Banks to rethink your position in offering american express products and Call the company to voice their opposition. Annunzio said the visa move comes dangerously close to embracing a conspiracy approach that smacks of antitrust  the Subco Mitch action was backed by Alan Fox spokesman Tor the con Sumer federation of America. Woman mushes to consecutive win in record time Swanson still was in safely by Early afternoon. He had been just 20 minutes behind when the final sprint from White Mountain began Early wednesday but he could gain Only one minute Over the next 35 mites and called it quits rather than harm his dogs. Nome. Alaska a a weary Susan Butcher out foxed and outran Rick Swanson to reach this historic Gold Rush town wednesday in record Lime winning her second consecutive Marathon id Larod Trail sled dog race. Butcher who shattered the id Tarod record she set last year reached Nome with a broken sled shortly after 11 am. She had covered the More than 1,100 Miles from Anchorage to Nome in 11 Days 2 hours 5 minutes and 13 seconds about 13 hours last Erthan last year. Butcher Only the second person to win the punish ing contest More than once got 150,000 for her Effort. Swenson her Nemesis has won the race tour times it shaped up the Way i expected she said. I always knew it would come Down to me and Rick at the end when Butcher charged out of safety 22 Miles from the finish Swenson stayed at the checkpoint to rest his dogs. Observers say swe sort s team refused to leave Swenson conceded the race and napped at safety As Butcher and her team Laboured toward Nome with a sled slowed by a broken runner. The id Larod is the longest sled dog race in the coun try. Named after an abandoned Gold Rush town mid Way along the route the race commemorates the 1925 relay in which mushers rushed dip Tycria scrum to Nome in the dead of Winter. Puppeteer bit Baird of the follies Era Dies new York a puppeteer Bil Baird who performed with his puppets in the Ziegfeld follies and in variety shows of the sos and 60s, died at his Home wednesday. He was 92. Baird creator or Charlemane the lion and slugger Ryan a cigarette smoking pianist appeared with his puppets on de Sullivan Jack Paar Sid Caesar s show of show and in his own 1950 series life with Snarky  with his wife Cora. Baird teamed up with the leading puppeteer or the time. Tony Sig to help build and direct the puppets in a show at the 1933 Chicago s world fair. During 1936-37, he appeared in works Progress administration projects where he met Cora Burlar who also was a puppeteer. In 1943 he Bil and Cora Baird marionettes per formed in the Ziegfeld follies. They created the Bil Baird theater in 1966, which began by giving free matinees to children in project Headstall. 5 students injured As fire hits Eastern Michigan dorm again Ypsilanti Mich