European Stars And Stripes (Newspaper) - May 16, 1987, Darmstadt, Hesse Page 4 the stars and stripes saturday. May 16.1987 3 Banks raise prime lending rate to81/4 % new York a three of the nation s biggest Banks Friday raised i hair prime lending rate by a Quarter percentage Point to 8 percent the highest level in 10 months and the second time in two weeks that the key interest Rale has jumped the moves by Chase Manhattan Bank manufacturers Hanover Trust and chemical Bank All of new York. Were rape Ted to be followed by other major Banks. The Banks last raised their prime rates on May i to 8 percent from 7v percent. On March 31, major Banks raised the prime rate to 7vi percent from to percent where it had held since late August 1986. The increases reflect the broader pressure pushing up interest rate nationwide. Economists have linked inc upward movement to efforts by the Federal Reserve Board to tighten credit conditions largely to Stem the Dollar s declining value and reduce prospects of inflation. Major Banks have raised their prime rates three Rimes this year in response of rises in Market rates which Over Ita past six months have increased the Banks costs of borrowing Money and paying interest on Deposit accounts. The prime is a Benchmark used to set interest on a Range of corporate and consumer credit. In recent years inc rate has taken on greater significance for Consumers because it is used for setting interest on variable me credit cards Home equity Loans and other consumer debt. The prime rate peaked at 20.5 percent in 1981. Love goddess Rita Hay Worth Dies at 68 new York a Rita Hayworth the dancer s daughter who became hol Lywood s love goddess and was mar ried to a Prince in the 1940s and 1950s, has died n family spokeswoman said Friday she was 68. She died thursday night said Mich Elle Weinstin an aide to Hayworth s daughter Princess Yosmain Khan. Hayworth suffered from alzheimer s disease an incurable brain disorder. For several years she had been Misiag Nascu As an alcoholic during her illness she had an apart ment nest door to Princess Yasmin apartment in Manhattan. She was at the Princess s Home when she died said or. Miriam Aaro Tuon a family Friend. Imago of the red haired movie Siren were etched on the american scene More than four decades ego. On the Silver screen she was Gilda Misi Sadie Thompson and Salome enchanting and provocative temptation and perfection the downfall of any unwary Man. A photo of her kneeling on a bed in Negligee was one of the most famous pinup shots of world War ii surpassed Only by Betty Grable s Leggy swimsuit lose she became a princes at her fairy tale marriage to Aly Khan in 1949. The Prince was the third of her five Hus bands. The second was Orson Welles. Later alzheimer s disease robbed her of memory speech and personality. A court in 1981 placed her in the custody of Princess Yasmin and she was move from California to new York. Hayworth was Bora Margarita cans no in Brooklyn n.y., an act. 17, 1918. Her father Eduardo was a professional dancer who began training her at age 3, elections 87 Kiti Hayworth at the height of Fame Dorian die 1940s left him in 1978. And put her on the stage at 6. Colisino moved the family to los Angeles an opened a dance studio when she was 9. I was barely 12 Whon my father closed the school and prepared a night club act for him and me she once re called. She began working in monies at 16, but life As Rita Hayworth t begin until a few years later when she was signed by Harry Cohn head of Columbia studios. But her father s training stood her in Good Stead. She danced with Fred As Laire in you were never lovelier and with Gene Kelly in cover her private life soon rivalled her on screen Glamour roles. A marriage Al age it to oilman de Judson ended Early in 1943, and that september she married Welles then hol Lywood s boy after five Stormy years they split up having produced a daughter Rebecca Welles and a movie. The lady the marriage had barely ended when Hayworth was introduced to Aly Khan son of the spiritual Leader of the ism Iii moslem in the South of France. Her affair with the married Playboy Prince scandalized Hollywood a movement began to Boycott he movies but the storm quieted when the Prince was divorced and married Hay Worth in Vallauri France. Princess Yasmin was born seven months later and the marriage was on the rocks in two years. The complicated divorce with arrangements for a huge Trust for the daughter look two Yean to negotiate. At Columbia where she was paid 5250,000 a year she clashed frequently with Cohn whom she called a monster. Their differences intensified when she took crooner Haymus As her fourth husband. An Argentine Haymus at the time was facing possible deportation and owed thousands of dollars in taxes. The marriage lasted two years until195 s. Three years later she and a producer James Hill exchanged vows Lor what was to be a three year Union. Hill starred her in separate tables a rare dramatic role for her and her Las major him. Hayworth dropped out of sight the Fol lowing decade to raise her two daughters. But by the late l j70s she was making headlines again sadly pictured As an aging former Beauty turned incompetent alcoholic. After a period of convalescence friends announced that she was sober and cured and in 1977, a Hollywood celebrity club lionized her at a Ball. However As Princess Yasmin told i later Hayworth s bizarre behaviour was not caused by alcohol but by Altheim i s. As the disease progressed Hayworth was unable to read1 or watch television and Only rarely uttered a few phrases according to Princess Yasmin who has served As head of alzheimer s disease International. Hayworth made millions during her acting career but the Princess disclosed that she had been supporting her Mother for years. Washington primary elections in Mississippi will be aug. 4 and 25, with the general election slated for nov. 3. State offices up for election include governor lieutenant governor Secretary of stale attorney general state auditor and commissioner of insurance agriculture Commerce Public service and Highway. Fifty two stale senators and 122 state representatives also will be elected. Mississippi citizens who wish to Vole in these elections May apply for an Absentee ballot by mailing a Federal Post card application to the county clerk county of voting residency Al least 30 Days before the election. Mississippi waives regular state registration for services Emberland their family members overseas. Voters should Send two Post card applications one for the primary and Runoff and the second for the general election. Ballots will be mailed to voters about 45 Days before the elections. Ballot must be received no later than noon the Day before the election. Persons voting under the overseas citizens voting rights act Are not eligible to vote in these elections. More information on the Mississippi elections is available from unit voting assistance c Jiter Sor Counselor Al any . Embassy or consulate or by writing director Federal voting assist Ance program department of defense room 1r457, Pentagon Washington d.c., 20301. Fawn Hall appears before grand jury Washington a Fawn Hall former Secre tary to fired National Security Council aide Olive North appeared Friday before a special Federal grand jury investigating the Iran Contra affair. Hall has previously told investigators she helped North shred documents in late november As attorney general Edwin Melesc was beginning a weekend investigation of White House involvement in the affair which included the diversion to the nicaraguan rebels of profits from . Sales of weapons to Iran. Her grand jury appearance came one Day after a key operative in the Iran Contra affair testified at the joint Senate House hearings that he funnelled Money and intelligence information from North s Safe to a Leader of Nicaragua s Contra rebels. Thursday s testimony by former courier Robert Owen was followed in Short order by the resignation of Johnathan s. Miller director of the White House of fice of administration who Owen said was involved inthe Money Transfer. Hall reportedly has told Independent counsel Law rence Walsh s investigators that she had helped North destroy computer printouts of messages in his office on nov. 21, the Day before Melesc talked personally with North about his activities. Some of the messages How Ever apparently were preserved with backup tapes. Oil thursday Owen appeared at the end of two weeks of hearings that so far have shown More Reagan administration involvement in the Central american conflict than previously admitted. Food inspections called inadequate Washington a a Federal meat and jul try inspector testified Friday that despite agriculture department assurances of Progress the flies have been gelling meaner the Roaches fatter and the rats bolder at food processing plants. Crnic gee a food safely and inspection service inspector from Long Beach calif., told senators thai the government Label on beef pork and poultry products should be changed from us a inspected and approved to read eat at your own complaining of poor training of inspectors Petty corruption among department supervisors and harassment of conscientious Plant inspector and veterinarians acc said As Long As the mismanagement continues then filthy or diseased products will keep being approved for Consumers to gee testified before a Senate governmental affairs subcommittee three Days after the National Academy of sciences issued a report saying americans suffer several million cases of food poisoning annually be cause Federal inspectors fail 10 detect contamination by Salmonella and other bacterial Micro organisms Al poultry processing plants
