European Stars and Stripes (Newspaper) - January 10, 1991, Darmstadt, Hesse                                Page 6 a a a the stars and stripes thursday january to 1991 a a a a a. A. A a a a a a a a a a a a a. A. A j. A a _ a fed moves to Cut key rate for 6th time since August by the los Angeles times v Washington a amid growing fears that the recession and the banking crisis May be worsening the Federal Reserve Board moved tuesday to Cut interest rates again the sixth reduction it has engineered since iraqis invasion of Kuwait last  the fed made no announcement of its move it apparently Cut the Benchmark Federal funds rate to 6.75 percent Down a Quarter of a percentage Point from its previous level of 7 percent Market analysts said. The Federal funds rate a the interest that Banks charge each other for Short term Loans a has been Cut by the fed five times since August when it stood at 8 percent. Although the Board cannot Force Banks to go along it manipulates the rate through its intervention in the credit markets. In addition to the fed funds rate reductions the Central Bank Cut the discount rate a the interest the fed charges member Banks for Loans a by half a percentage Point shortly before Christmas. Besides the rate cuts the fed moved late last year to ease its grip on monetary policy by reducing its requirements on the amount of Money Banks must hold in Reserve to Back up their deposits a policy change that freed up More funds for consumer and commercial lending. The latest move followed a flurry of actions by the fed in december to ease its grip on the Economy. Coming so quickly after the discount rate reduction the funds trim signals fed chairman Alan Greenspan a increasing concern about the health of the banking mus try and the Economy in general analysts said. A the general impression that most people get now is that we Are in for a further weakening and that the Economy seems listless a observed Robert Hormats vice chairman of Goldman Sachs International in new York. A i think the fed sees things in the same  Chew it tender Fork chop meals were free for the asking at san Francisco a hard Rock cafe on tuesday a provided you showed up dressed like Elvis Presley. To celebrate what would have been the Kings 56th birthday the restaurant gave away plates of Elvis favorite food. Digging into a chop is James Wallace of san Bruno calif., while Dorol Conrad of san Francisco gives him some encouragement. Elvis died on aug. 16,1977. Stateside Denver teachers Call off strike after Law is invoked Denver apr Denver teachers voted overwhelmingly to Call off a strike that had been set for monday after gov. Roy Romer invoked a 76-year-old Law that lets the state draw up a new contract and jail strikers in the meantime.  3,200-member teachers Union decided by a voice vote sunday night not to walk out. They had voted last month to authorize a strike Over salary teacher Transfer policy and other issues in the 59,000-student District. Romer on saturday invoked a Little known Law that gives the department of labor and employment the authority to set the terms for ending the 4-month-old dispute. The state will open hearings Jan. 15 in an attempt to write a new contract. Under the 1915 Law teachers could be jailed for six months or fined $50 for each Day they strike. The old contract expired dec. 31. Inaugural Bash in Texas will leave out alcohol Austin Texas apr the inaugural eve Celebration for  Ann Richards and it.  Bob Bullock will offer singers dancers and bands but no liquor. Perhaps for the first time in Texas history no alcohol will be served at the gala which is scheduled for Jan. 14 and is expected to attract 15,000. Democrats Richards 57, and Bullock 61, Are recovering alcoholics. A Chuck Mcdonald a spokesman for Richards said the party is intended to be a a family affair a but the absence of alcohol has As much to do with a recent trend toward non alcoholic parties As it does with Richards personal views on the subject. Mcdonald said the inaugural committee also declined offers by several Texas wineries to create a commemorative Label in Honor of Richards inauguration. Colonel who helped find Art stolen by nazis Dies Austin Texas a retired col. Ralph e. Pearson who in world War ii helped recover european Art treasures stolen by the nazis died monday of injuries suffered in an Auto Accident. He was 86. Pearson who was a journalism instructor and author after his 30-year army career died at Brackenridge Hospital As did his wife Clarice who was 82. The two were Riding a a car that went out of . 18. In the last Days of world War ii Pearson led a group of men into a Village in the austrian Alps to reclaim a treasure trove of masterpieces that the nazis had looted during their March through Europe. Included were works by Leonardo a Vinci Rembrandt Michelangelo and Goya. A. A he wrote about the Mission in a five volume history of world War ii a men route to the redoubt.�?�300zx steals top spot on 90 s theft list by new Day. 1 he Nissan 300zx was the most popu Lar 1990 Model among car thieves an insurance Industry Trade group said tuesday. A a a a. A a a. The sports car base priced at $28,175, had a relatively High claim frequency and an average payment per claim of $10,610 a More than four times the average of 88 models surveyed the Highway loss data Institute said. Rick. Elder senior vice president of the Virginia based group said he did not know Why the losses were so High. A a it a always had a worse than average rating but not in this Range a he said. A a we re not sure what a going on here.�?�. There was no immediate comment from Nissan. The Chevrolet Caprice headed the list in 1989. The Institute said the Volkswagen Jetta had the highest frequency of claims a More than double that of any other Model but that its relatively Low average claim amount of $1,281 indicated that the car was More often a target of thieves seeking components rather than the in. Tire car a was far As we know its primarily the radios a elder said. High claim frequencies and High aver age losses translate to higher costs for ii surfers and can result in higher Premium for car owners. Other models that Are costly for Insu ers because of claim frequencies or Hij claim amounts Are in order Ford my Tang Cadillac Brougham Mercury co Gar Nissan Maxima Honda cry pc  740-760 four door and of  Van Gogh found in Chicago apr a previously unknown painting by Vincent Van Gogh has been found hanging on a Wall in a suburban Milwaukee Home. The painting by the i9d Century impressionist an Oil on Canvas of Flowers in a vase signed Only with a a  in the Corner has been uthen located by experts at the Rijk museum in Amsterdam Netherlands the Chicago Tribune reported wednesday. The painting was discovered by John Kuhn a real estate agent who works part time As an Art prospector for Leslie Hindman auctioneers in Chicago. Kuhn said he spotted the work while examining antique furniture at the Wisconsin Home. A when i told them the owners what i thought it was they laughed a said Kuhn 26. A they did no to believe  a. A a Leslie Hindman owner of the auction House said the retired Middle aged couple who have the painting do hot want to be identified. The couple inherited the work from a relative. The painting which measures \6la by 13 inches will be offered for Sale through the auction House on March 10. Hindman said she believes the painting is53worth $500,000 to $800,000. After the owners gave permission to have the Wor examined by specialists Hindman sent it to Han a Crimper senior research curator at the risks museum and a leading authority on Van Gogh and received h reply this week. 1 a a after viewing the Flower piece closely and Compa ing it with similar paintings in our collection a Van Crin pen wrote a it is our opinion that on the grounds c style composition Brush strokes and coloration the still life with Flowers is indeed an authentic Paintin by Vincent Van  j