European Stars And Stripes (Newspaper) - August 8, 1987, Darmstadt, Hesse                                Saturday augusts. 1987 the stabs and stripes Page 5 too Cheeky while this  is been tented Doorn by the new York tune a Mem on Ibe Ermonda out ii would offend raiders is. Lyght wife end 10 other women s Wugk Wiiki hire accepted the and m the gtd Adi that All Pete m  credit card interest rate disclosures required in Bill Washington a legislation to require the credit card Industry to give full and timely interest Rale information to Consumers was approved thursday bythe House banking. Finance and Urcan affairs com Millee. The measure was approved by voice vote. The com Mittee rejected a proposal by rep. Frank Annunzio. D iii., to put a Cap on credit card Rales by linking i hem to five percentage Points above the prime interest rate. Currently that would have put he ceiling at 1  per cent. Annun to said he would offer his interest Cap amendment again when the Bill is taken up by the full House. He told the committee that financial institutions Are charting More than 18 percent while they arc paying Only about 5.8 percent or 5.9 percent to obtain funds any financial institution thai can borrow Money at 5.8 percent and relend it at 18.3 percent and claims that it is losing Money on the transaction belongs i another business he said. However rep. Charles e. Schumer d-n.y., co author of the Bill said the interest Cap is unnecessary because the Bill will put an end to this keep the con Sumer in the Dirk marketing strategy. By requiring that credit card issuers Tell consumer sup front what rates fees and other charges they will pay on their credit purchases this legislation will seriously undermine any company s ability to charge Consumers usurious interest rates on their credit cards when the Cost or Money is at its lowest Point in dec  a similar Bill has been introduced in the Senate by Christopher 1, Dodd a Conn. Last Yar the House passed a credit card information disclosure Bill introduced by Schumer but no action was taken by the Senate. Aids Only Hospital will close Houston a the nation s first aids Hospi Tal will close within a year because of losses of More than $7 million a Hospital spokeswoman Aid. We re phasing out All programs and services said Carol White a spokeswoman for american medical International which manages the Institute for Timnui no logical disorders. Now we re focusing on Continua Tion of research  the decision to close the Hospital came after munits of discussions Between Ami and he University of Texas system she said. When the facility in North Houston opened last sep tember Ami agreed 10 operate it and it to provide the physicians. In a statement the University said while there is and will be a considerable Effort on the part of Ami and the University of Texas system to continue the research and treatment at the Institute am a financial responsibilities have grown Loo great to go beyond an other  an agreement approved in june 1986, required either Side to give 12 Mon he notice to terminate the arrangement if the Hospital could not be operated on a sound financial basis. College Cost increases outpace rate of inflation new York a College tuition continue to climb faster than the inflation Rale this fall and total student expense Al some elite institutions will top $18,000. Average annual tuition and fees will climb 8 percent Al private four year col lege and 6 percent at Public institution the seventh straight year such costs Wilt outpace inflation according to the College Board s annual Survey released thursday. At the nation s most expensive school tiny Bennington College in Bennington it total estimated easts will reach $19,390. Average total estimated costs at All four Vear private schools will be less than $i2, and at Public schools will be almost $5,800. This fall Marks the third consecutive year of 8 percent tuition and fee hikes at private four year institutions College costs thus continue to surge ahead of the Overall inflation rate As measured by the consumer Price Index which has risen at a seasonally adjusted 5.4 percent rate so far in 1987. Inflation has stood Al 4 percent or less every year since 1982. Education Secretary William bin Natl n frequent critic of increases in College costs said of this latest Survey there they go again and again and again. When will they Ever Stop Stilt this fall s increases Are Well below the Peak reached in the 1982-83 academic year when tuition Rose an average 20 percent at Public colleges and 13 percent at private schools at a time when the inflation rate was just 3.8 percent. The College Board does not collect data on Why Union and fees Are rising but other investigators Point to the considerable increase in the Price of goods and services purchased during the two such As books faculty salaries and scientific equipment said Board president Donald m. Stewart. Using a new method of calculating aver age College opt i which talus each school s enrolment into account the Board Esti mated that average fixed charges at Pri vate four year institutions tuition fees room and Board will hit $10,493 for1987-kb. Counting incidental expenses such As boots supplies and transportation estimated annual costs rite to 111,982 for students living on Campus and to 110,173for commuting etude no. At four year Public institutions Tui Tion fees room and Board will average $4,104 for in stale students. Adding Inci dental exp Sci increase he estimate to $5,789 for resident Al Denu and $4,554 for commuter. . Aviation Pioneer Eaker Dies Washington a retired air Force Gen. Ira Clarence Eaker an Early aviation Pioneer who later guided the Allied air offensive during world War ii died thursday. He was 91. Eaker who had been ill for some time died at the Malcolm grow medical Center at Andrews fab out Side Washington. The native of Field Creek Cenaj who also was known As i journalist and corporate executive spent 30 year on Active duly. He retired in 1947 As a lieu tenant general after serving As the Deputy commander of the army air forces and chief of the air Start. Eaker was promoted o the rank of full general in1983 by presidential direction and with the Senate s consent. Although he retired from the military a month be fore the air Force was created � separate service he Wai credited with playing in instrumental role i drafting the legislation that produced the Pentagon s fourth service. Eiker was raised in Southeastern Oklahoma near Duranl. He we graduated from he Southeastern nor Mal school in Dunn in 1917, then entered first offi cer s training Camp and received his commission at a second lieutenant aug. Is 1917. Eaker received his Pilot s wings in october 1919 an played a leading role in developing aviation Ler Hiques ind military tactics. He helped develop the procedures for in flight re fueling of aircraft and in 1930, flew the first transcontinental flight across the United Stales relying on Aerial refuelling. In 1936, he Lew the first Blind transcontinental Light relying solely on instruments for a trip from new York to los Angeles. The same year Eaker collaborated with Gen. . Hap Arnold who later would become the com manding general of Hie . Army air forces in writing the first of three books together. Entitled this flying game a comprehensive reference Book on the aviation Industry and the army air corps. After world War ii erupted Eaker commanded the first american air Headquarters in Europe the Viii bomber come. In december 1942, he became com Mander of the eighth air Force and later commanded All . Army air forces in England. During world War ii he organized american and British air forces and Ltd them in campaigns which brought Victory to the allies the Pentagon official biography for Eaker states in addition be flew mis Sion in Europe including the tint heavy bomber raid on occupied Europe in August 1942. After mining he spent 10 years As vice per sick of the Hughes tool co. And in 1957, he became a vice president and director of the Dought aircraft co., and launched a syndicated column on military affairs that appeared in More than 180 newspapers. The air Force said thai Eaker would be buried tues Day with full military honors at Arlington National Cem Tiery. Eaker is survived by his wife Rulh. Sands of time1 in the stars and stripes 40 years ago today. Aug. 8, 1947 subcommittee chairman sen Homer Ferguson accused Howard Hughes of showing contempt for the Senate War investigating commit tee that was checking into the millionaire s govern ment plane contracts. Hughes had accused sen. Owen Rcitter the full committee chairman of ordering the inquiry to blackmail him into a merger of trans world airlines and pan american airways. 30 years ago today. Aug. 8,19s7 Oliver Hardy 6s, the Rolund part Ner of the famed Laurel and Hardy movie comedy least died of a paralytic stroke in he Burbank Calif Home of his Mother in Law. 20 years ago . A 1947 two while policemen were charged with murder in the the Jogun slaying of two Blacks at a Wesl Side Detroit Motel during the Dre roil riot. 10 years ago today. Aug. 8. 1977 investigators said $1-5 billion we wasted in building the Alaska pipeline because of pod management unsound business practices and Maneu vers to win congressional approval