European Stars And Stripes (Newspaper) - November 30, 1988, Darmstadt, Hesse                                Pagi news briefs we stars and stripes wednesday. November 30,19b8 siting Europe ., Britain to work on torpedo defense Washington Dpi the Pentagon an Britain s defense ministry have signed a memorandum of understanding for joint development of a system to rated surface warships against torpedoes. Pentagon announced. The project provides an excellent Opportunity to improve Mutual defense capabilities re Duce development and acquisition costs and to provide for increased compatibility and interoperability Between the  And Royal navies a statement said. The memorandum commits the two nations Only to the initial phase of concept evaluation where  And British scientists will conduct a feasibility study develop a common performance requirement and prepare proposals. Both governments would have to give approval before the project could go to the next phases demonstration full development and production. A Navy spokeswoman said the program is classified and she could not elaborate about the proposed torpedo defense system. Carlucci v Middle East for talks Washington api defense Secretary Frank Carlucci is n a 10-Day rip to Europe an the Middle East tie Pentagon announced. The defense chef went first to Paris for meet Ings with French defense officials before attend ing the nato i cren5c4 planning committee meeting in Brunsd s. Belgium from wednesday to Friday. After the nato session Carlucci will visit Oman Bahrain saudi Arabia and Kuwait be fore returning Hairic dec. 7, while in the a Fadle East Carlucci will meet with senior Militan and political leaders to Dis cuss a wide Varie of regional and bilateral is sues the  postal service offering Christmas card postmarks Washington a Bethlehem North told and Santa clips Are among the postmarks available to non Jarc of Christmas cards the postal service Saito gel the spec a postmarks address the cards As usual end apply first class postage to each then put them All into Lurge envelope and mail it to the postmaster at the p6st office in question along with a note requesting Hal the cards be postmarked in that Community and mailed to obtain theft special postmarks customers should Send their requests to one of these addresses & Bethlehem Conn 06751. Bethlehem. Pa., 18016. Christmas by 32709. North pole Alaska 99705. Santa claus.jsd., 47579. Noel mo., 64845. Mistletoe be 41351. Snowflake -flfa., 85.937 Rudolph our 43452. Several Ziajor  Banks raise priory up rate to 10.5% new York a several of the nation s biggest Bank Rai d their prime lending Rales a half percentage print to. 10.5 percent monday the fourth increase this year. The increase if Yective immediately pushes the base lending ate to its highest level since May 1985, when 1 was lowered a half percent age Point to 10 pc cent Chase Manhattan was the first institution to announce the increase with Citibank chemical Bank manufacturers Hanover Trust co., Bank ers Trust and Morgan guaranty Trust co Fol lowing close behind. Other major Banks were expected to join the move concerns about the growing Federal budget and Trade deficits have pushed the Dollar sharply lower against most major currencies in recent weeks. The prime rate reflects a Bank s costs of Bor rowing Money and Iri ils More Subtle increases in other interest Rales. Will keep Fitzwater As White House s Washington. A president elect George Bush monday announced that White House spokes Man Marlin Fil Walec will remain in his Pott to the new administration. \ Bush said he select 4 Fitzwater because i think he s the  s Fitz Walcer s appointment worked the latest in a series of High level holdovers from he old administration to the new. Bui Bush promised for Csc faces for his turn in the Oval office telling report Rii stay tuned for the  \ Fitzwater a Stocky balding 46-Jcar-Oid career govern ment spokesman who worked for. Bush before becom ing president Reagan s spokesman i said the incoming president will hold news conferences tas much As Possi ble. They should be As regular As  Bush Afler his announcement went la private Tunch with a former rival in the gop primary Eibon Dole it an kan., whose help he will need in the a Congress. The election is Over. I Vowe djo the president elect we d work together do a said a the two began their meeting in Bush s suite in to old executive office building adjacent to the Wafie House. There s a Tot of work to do. That s the  for his part. Bush said Tat with the Campaign now past the focus is progeny on the future Bush announced Abr selection of his press spokes Man in an appearance in the White House briefing room from the pod life where Fitzwater stands daily to answer questions tout Reagan administration policy personnel and controversies. The president elect said he had no other announce ments to Mak during the Day. Despite speculation that he soon Wilk Point former sen. John Tower As de sense seen Jefty and name longtime associate Robert Mosbacher to head the ctr Merce department. Picasso is $08.4 million London a a japanese department store spokesmen for the auction House did not disclose bought Pablo Picasso s acrobat and Young Thorlt this purchaser or the seller of the Picasso painting. Quin for $38.46 million monday night at Christie Sifley Only identified the seller As a private owner. The highest Price Ever paid at auction for a 20lhcen 3 the 1905 work from the artist s Rose period was . Y a sold in 3 4 minutes. The Price topped the previous the painting was purchased by the Mitsuyoshi do record fora 20th Century painting $24.75 million paid part enl store store spokesman Yasuhiro to said in Tokyo. We bought the painting expecting to sell it private buyer Here in Tokyo Tanaka said. Mishi a major importer of Art has not yi1, specific plans for the display or Sale of the i a picture by the French impressionist Ai Monet the Railroad Bridge at argon Cuil ibid for is 2.55 million also joining the list of the to most expensive works of an sold Al auction. F in june 2s, another Monet painting a Jhc Field sold at rotheby s in London for $24.90 Minjon. Maude for Picasso s maternity nov. 14 in new York. Monday s auction of 60 works by 40 artists brought $102.01 million a record for an impressionist an modern Art Sale in London. Individual records were set for works by Picasso Paul Gauguin Alberto Giaco net i Paul Klee and Paul Signac. After being shown in Paris in 1905, acrobat and Hung harlequin found its Way into a German museum and was confiscated by the nazis in 1937 As an example of decadent an. They sold it at auction in swi Erland to a belgian collector and it had been in rival. Hands since. Open / from Page 1f simply to retain open s target pric of $ 18 a barrel. After news that the agree Menrad been signed Oil prices climbed. On the  Exchange for example the Price fit crude Oil for Deli very in january Rose so .06, to $ 15.03 a barrel. Explaining the significance1 of the Accord Algeria Energy minister sack Bousse Nii said if everyone plays along my impression is that we can create the conditions for open to Pfay a role in the 1990s that will bring our influence to Bear on the stability of world Oil  / such stability would help Oil producers outside Pec As Well allowing them to invest More in re search and development and enabling debtor nations1 dependent on Oil Revenue to make their payments More easily. A number of oif experts asserted that unlike other open agreements which were widely ignored by5 announced on monday had a Good. Sitting parity Between Iran and Iraq the longstanding differences about what Luction How to Monitor cheating by r to respond to a slide in Oil prices. R Clement of the agreement is the enlargement a the open ceiling on production from 16.6 million ban facts a Day in the last quota agreement. The new ceiling of 18.5 million barrels a Day gives open members More breathing room and cases the pressure on them to cheat. A ,. The dispel pc Between Iraq and Iran was resolved through the activities of open president Rill Gnu Luk Man and Hhie other Oil ministers known within open As the tour Wise  they devised a complicated formula in which every open member gave up a few percentage punts of its quota to add percentage Points to Iraq a sch Al Iraq could match Iran s total of14,26 percent of orcs production. Twisters from Page 1 members the c Chance of and i in addition agreement constitutes of members promptly. Ries were reported. The twisters first struck Raligh around i a.m., flattening a store and damaging sur three Story apart  employees Len the store when the Tornado hit were All later  fire departments had Crews o jul Combina through damaged Homes and apartments i scarch if victims but Raleigh City manager Dempsey Enlon said to our knowledge All people have been accounted  police were posted at areas of Majot damage Lopre vent looting. Xiv the Small business administration has been asked to assess damages to determine if the counties will be eligible for Low interest disaster Loans Dean said. Arafat from Page 1 the United states to make a speech at the United nations because Arafat knows of condones and lends support to acts of terrorism. Redman said thai that decision is firm and final and the Secretary stands behind it totally despite criticism from Arab nations and some of washing ton s allies in Western Europe. France Britain Spain and Canada have joined other . Members in urging to Washington to re verse the decision citing the obligations of the United Stales As the Host country for the United nation. At a strategy meeting Arab delegates said they would first ask the general Assembly to adopt a Resolution appealing to the United slates to Chang its stand. Many individual countries made that areal monday during an emergency meeting of toe committee on Host country relations. If the United Stales holds fast the Arab envoys will ask the general Assembly to Transfer its planned debates on Palestine and on the Middle East to , european Headquarters in Geneva. But Arab countries appear divided Over when the Geneva talks should take place. Many would like the general Assembly to curtail its new York session and move to Geneva for about a week in december