European Stars and Stripes (Newspaper) - September 29, 1990, Darmstadt, Hesse The stars and stripes a a a Page 7neil Bush denies a amp a misconduct Neil Bush and his wife Sharon leave the Denver courthouse after his testimony. Group says Many Consumers pay for Gold cards they Don t need Washington up millions of americans Are signing up for a a Gold credit cards that offer services most Consumers done to need and at higher fees they could often avoid the nations largest Bank card consumer group said in a statement. A for Many the cards will mean Little More than higher rates and fees and More profits for the Banks that Issue them a the statement issued wednesday by the Virginia based bankcard holders of America says. The 75,000-member non profit group issued a 16-Page consumer guide to the Premium or Gold credit cards whose primary message is a Consumers will pay much higher annual fees for most Gold cards than for Standard a Consumers Are being inundated with Gold card offers from virtually every major issuer of Gold credit cards a explained Bra executive director Elgie Holstein noting that americans hold 22.8 million Gold visas and Mastercard alone. A what we advise people is to consider carefully whether they really need a Gold card considering annual fees for the Pri Pelege of carrying one a Holstein . Consumer Deb outstanding instalment credit $700 600 500 400 300 1984 �?T85 86 �?T87 88 note data for fiscal years ending june 30 except 1988 which ended dec. 31 source Board of governors of the Federal Reserve system a Krten graphic Holstein said one of the most common reasons people apply for Gold cards is to obtain a higher line of credit a but they can often get it from their regular credit card just by the annual fees for Standard cards Holstein said Range from free to $55 and average $17, while fees for Gold cards Range from free to $100 and aver age $36. The Bra guide notes that Many benefits called a a enhancements in the Industry Are poor buys because they Are either offered by lower Cost standards cards such As emergency Cash arc Little used by most Consumers or duplicate coverage cardholders May already have. The consumer groups director added that the a prestige factors that prompts Many people to buy Gold cards is fading. A a there a so Many different colors and designs of cards now that impressing the waiter is harder than it used to be a Holstein said. While the Bra recommends shopping around for any credit card a a Gold card is a Good Choice in particular if someone needs a particular Benefit a Holstein said. The Bhays consumer guide to Gold cards and its a Best deals list of More than 40 Banks that Issue Gold cards at the lowest interest rates or with no annual fees is available by mail for a $5 charge. Write to the Bra at 560 Herndon Parkway suite 120, Herndon a. 22070. Drug May Stop chemotherapy hair loss Washington a the loss of hair a Side effect that adds embarrassment to the suffering of cancer patients who receive chemotherapy treatment May be prevented with drugs now being tested on Laboratory rats. Or. A. A. Yunis of the University of Miami Jackson memorial Hospital medical Center said thursday that he and his colleagues discovered a by chances that an experimental cancer drug blocked hair loss in rats. Yunis said they made the discovery while testing cancer fighting drugs on rats that had been Given leukaemia cells. Half of the rats were treated with a drug called cytosine Arabinose de or Arac. The rest were treated with a combination of Arac and an experimental drug called Imu Vert. A we found to and behold that the rats with Arac Only became nude. They lost All their hair a said Yunis. A the ones with both Arac and Imu Vert however did by the Washington Post Denver a Neil Bush acknowledged thursday that he might have benefited financially from decisions by Silverado banking savings and loan to approve a $900,000 line of credit to Kenneth m. Good and to release $28 million in collateral for goods Loans. But Bush insisted during an administrative hearing into his actions As a Silverado director that he complied with conflict of interest standards by abstaining from votes on matters involving Good who was his business partner. The three Day hearing before judge Daniel Davidson has drawn widespread attention not Only because Bush is the presidents son but also because the collapse of Silverado is expected to Cost taxpayers about $1 billion. In 3v2 hours of questioning the Federal office of Thrift supervision attempted to show that Bush stood to gain from Silverado a transactions with Good and should have disclosed More information about his ties to the Developer. The ots is seeking an order that would bar Bush from engaging in conflicts of interest should he again serve As a director of a financial institution. Bush insisted repeatedly that he a complied in every Way with conflict of interest rules and handled his duties As a director a ably and he contended that he voted on Loans to Bill l. Walters a who like Good in not lose hair at in Only about 20 percent of the rats did the leukaemia thrive he said. Yunis said his group then tested Imu Vert with another common cancer drug Dodo Rubicon or do and found that rats with this combination also experienced no hair loss while rats receiving do lost hair. Imu Vert combined with a third cancer drug however did not prevent hair loss said Yunis. Vested in Bush soil and Gas firm a because he stood to gain a no financial Benefit no Benefit period from any transaction that came before the Board that related to Bill Walters so there was no conflict and no need for Bush did acknowledge reluctantly that he might have Beneti cd from goods $900,000 line of credit with Silverado if Argentina had accepted goods bid for its Oil and Gas projects. Bush had requested the credit for Good. Bush said he handled the transaction properly by disclosing to Silverado that he was in business with Good and by abstaining from the boards vote. Russell Murray Silverado a former chief lending officer had testified that he Wasny to fully informed about the Bush Good partnership. But Bush said he told Murray All the important details. Bush also agreed that Silverado a decision to accept partial payment of goods Loans might have freed up Money for Good to invest in Bush s company Job exploration co. At the time of the loan restructuring Good had pledged to invest $5 million later reduced to $3 million in Bush a firm. Bush said thursday that he does not remember whether he disclosed Good s pledge to the Board. Other Silverado directors have testified that they were unaware of the pledge. The hearing ended with Bush a testimony. A decision is expected in sure Hubble can be repaired by the los Angeles times Pasadena Calif. A scientists now so clearly understand the cause of the flawed vision that has crippled the highly touted Hubble space Telescope that they believe the $1.5 billion instrument can be fully repaired during a shuttle Mission in 1993. Until the completion of an investigation led by Jet propulsion Laboratory director Lew Allen scientists feared that they might never understand the problem Well enough to build corrective lenses for a replacement camera that was already scheduled to be installed by a shuttle Crew in three years. But now that concern has been greatly eased. A there is no doubt now that knowing precisely How the error was made one can bring the performance of the Telescope Back to its original specifications a Allen said in an interview. The committee of experts established by the National aeronautics and space administration after the discovery that the Telescope could not be focused properly blamed the failure on two monumental errors. The mistakes caused the manufacturer to build a primary Mirror for the Telescope that a was the most precise Mirror Ever made but precisely wrong a Allen said in an interview at jul. The investigators found that one critical piece of equipment was used upside Down and a narrow beam of Light designed to pass through a pinhole in a Lens Cap reflected instead off of the Cap itself. Those conclusions emerged from evidence that had been gathering dust at a Connecticut Industrial Complex Ever since the Mirror was fabricated a decade ago. That evidence consisting of the tools used to build the Mirror constitutes a a Fossil record of precisely what went wrong Allen said. Fortunately he added the nature of the failure has emerged so clearly that it is now possible to alter a second generation camera and restore the Hubble s vision
