European Stars And Stripes (Newspaper) - February 25, 1989, Darmstadt, Hesse Page 6 the stars and stripes saturday february 25,1989 fed hikes discount rate to 3-year High of 7% Washington up the Federal Reserve Board signalling its determination to raise interest rates and curb inflation raised on Friday the rate it charges commercial Banks for Loans from 6.5 percent to 1 percent the highest level since March 1986. The discount rate has been 6.5 percent since aug. 9,1988. At the time the Federal Reserve Board defied Politi Cal considerations and raised its Benchmark discount interest rate less than one week before the opening of the Republican National convention in new Orleans. In Early trading in new York the news sent the Dollar lower but analysts feared that the . Currency eventually will be boosted by the move. This raised the cruellest Cut a male Patron of the Price chopper in Rensselaer n.y., apparently shows no interest in the supermarket s sign showing a woman s head being axed. But it s a different Story with female customers. So Many have called the sign a cruel affront to women that the store Chain plans to change its logo. Possibility that the Trade deficit would suffer because . Goods would lose the competitive Edge in world markets they gained with the falling Dollar. The discount rate is the interest rate the fed charges depository institutions when they borrow from their distinct Federal Reserve Banks. The most recent increase follows a series of govern ment reports indicating that the nation s Economy is growing at a brisk Pace that Job creation has run at More than 250,000 a month during the last three months and that wholesale prices leaped i percent i january. Other inflationary signs in the Economy were a spurt in retail sales and Strong Industrial production increases pushing at the upper limits of factory capacity. Kirkpatrick s son accused of threat to his Girlfriend by Cox news service Phoenix Ariz. Former . Ambassador Jeane Kirkpatrick s son who had been missing for several weeks from a Maryland Hospital has been taken into custody for allegedly threatening an 18-year-old Girlfriend with a knife. During an initial appearance thursday in Maricopa county s Madison Street jail Douglas Jordan Kirkpa trick s bail was set at $8,220. A jail official said bail had not been posted late thursday and the Man remained in custody. Kirkpatrick 33, has been missing from an exclusive Baltimore Hospital that specializes in mental disorders and chemical dependency said Phoenix police spokes Man officer Andy Hill. S1 said police were sell 19 an apartment complexion Phoenix on a Domestic violence Call wednesday night. The Call was made from Washington by a Man who said his daughter had been assaulted Hill said. When police arrived they found Kirkpatrick after questioning him police took him into custody for threatening Nora Kaplan with a knife Hill said. Kaplan also had been a patient at the Baltimore Hospital police said. On Jan. 19, Baltimore county police received a re port that two patients were missing. Based on that report the department issued an attempt to locate request a police spokesman said. A spokesman for Sheppard and Enoch Pratt health systems a private mental Hospital North of Baltim reissued a terse statement thursday at this time it is our policy not to comment on our patients nor is it our policy to release information regarding our patients condition or treatment. Kirkpa trick was a patient at Sheppard and Enoch Pratt hos Pital and eloped from the users of smokeless tobacco urged to snuff out their habits Washington a health experts on thurs Day urged an estimated 12 million americans including 3 million Young people to take a through with Chew pledge saturday and abandon their use of snuff and chewing tobacco. The Campaign is aimed especially at youngsters mostly boys who have turned in increasing numbers to smokeless tobacco products in the false belief that Trey represent a safer alternative to cigarettes Organ ii
