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M - MANCHESTER HERALD. Monday, July 15, 1985 MANCHESTER FOCUS SPORTS WEATHER BUSINESS School board mixed Inexpensive tours Little League stars Clear skies tonight; about abuse program create summer fun lose tourney tilts [some sun Wednesday People, money parted ... page 3 ... page 11 ... page 17 ... page 2 Array of credit cards bombarding consumers Discover combines an array of financial services purchase on your newly authorized card and start A seemingly endless parade of credit cards and features and is a direct result of the ferment in this using the item without any delay at all. variations of them is marching into your wallet — with " I f the customer has good credit, the approval the obvious objective of lessening your desire for '"Th*e'card operates like a general credit card. process can take minutes because of access to major cash, Single-purpose credit cards, such as those Your Owners can use it at participating establishmenU credit bureaus," says Marsh. anywhere. You will pay a cardholder fee and be issued by department stores and oil companies, were 2. In some states, manufacturers offer lower long ago joined by bank cards such as MasterCa rd and Money's charged competitive interest rates. UJaurliFfitfr interest rates than those charged on bank cards. At a ftiii /-M * TiiAoHaw .Liilv. But as a user, you’ll be able to lap into other Manchester, Conn. — A City of Village Charm Tuesday, July 16, 1985 — Single copy; 25<P Visa plus travel and entertainment cards, such as minimum, the rates compete with bank card rates, Worth financial services, including automated teller ma­ American Express and Diners' Club. 3. You don't tie up your credit line with large These, in turn, recently have been w n ed by new chines and no-fee self-directed IRAs. You also will be Sylvia Porter purchases, able to maintain family savings accounts with tiered entries. The first new type of credit card bears some 4. You develop a relationship with the merchant and resemblance to the single-purpose cards, except that you develop brand loyalty. This loyalty is at least as interest rates that increase with the size of your Instead of using the card at a single store (.say, important to the manufacturer as any other more balance. , . M acy's), you can use it for the products of a single This entry of a new player into an already crowded instciid ol merely merchants — in providing credit to obvious factor. company Expect to see more companies try to sign you up for plastic thicket raises a significant question for you: Thousands lonsumers. Several manufacturers already offer these cards, their big-ticket items. Many are watching how How much plastic do you really need? How much in including Apple Computer, Snapper Power Eciuip The cards offer four advantages, observes Timothy consumers respond before they come out with their annual fees do you already pay? How much do you ment, Deere & Co. and Monsanto. If you're in the Marsh, manager of market research in the retailer own cards. But be on guard — this is too easy credit. spend on interest rates alone? market for computers and related software, or financing department of G.E. Credit Corp., which Meanwhile, Sears, Roebuck & Co. has unveiled Before you add still another card to your credit card "V machines to groom your lawn and do other outdoor manages several private-card programs (including plans for what it calls a new type of consumer credit portfolio, empty the contents of your wallet and look work, or even to buy carpet, you can charge your those for Apple. Snapper, Deere and Monsanto). For card that it intends to make a major competitor in the with care. Close out the accounts you don't use and flee smoke purchases on these cards and keep your other lines of example: consumer financial services industry. obviously, therefore, don't need. And if you then decide to sign up for any of the new ikm credit free for whatever else you want 1 In many instances, you can get credit Called "D iscover," the new card will be introduced later this year in Atlanta, and Sears predicts cards, be alert to any danger signals that you are into This new breed of card was introduced in 198,1. The immediately, so you can walk into a store that nationwide introduction during the next year credit overload. underlying purpose is to involve manufacturers — participates in the credit program, charge your in Iowa city 5 Lobster firms World Bank says CEDAR RAPIDS, Iowa (UPI) - well over 10,000 people, close to A V- about 20,000." 6 A fire possibly sparked by a workman's torch smoldered at an Barricades were set up at 0 .4 abandoned sewage plant today, Interstate 380 exit ramps and main feel the pinch spewing toxic smoke that chased traffic arteries into the city to crisis phase over more than 10,000 people from their "keep out people who don't have to homes and prompted police to be here," said Capt. Paul Dicker- close the city to outsiders. son. Gardner said most businesses , 4 - By United Press International and factories agreed to close. riate economic policies the World Bank "You can leave the city but you By Mary Tobin Crews today used a wrecking Connecticut's lobster harvest this summer will fall says they may be able to reach a growth can't get back in," Capt. Howard United Press International ball to demolish the plant's walls. short of last year's record "baby-boom " catch and of 3.5 percent in the next five years. If Gardner said today. "The city is Bulldozers stood by, waiting for a prices will remain high despite a bonanza'of the tasty they fail to adopt policies that reduce basically closed, except for emer­ NEW YORK — Many developing chance to push dirt from a nearby crustaceans in nearby Massachusetts, the experts budget deficits and increase world gency services." countries have made progress in landfill on top of the wreckage and trade, growth could be as low as 2.7 No serious injuries were re- say. dealing with their foreign debt but the choke the smoldering fire. The best lobster run of the season in Connecticut is percent. .ported but about a dozen people economic situation remains fragile for "The dome itself that was on fire expected to start next week in Long Island Sound, but Michalopoulos, commenting on the were treated at St. Luke's Hospital some, a study by the World Bank shows. is inside the tank and they can't put fisherman don't expect to duplicate the haul that was two scenarios for industrial country and released. Extra doctors were There were 31 formal debt reschedul­ it out with water." Gardner said. a lobsterman's dream in 1984. growth, said " I f the lower figure is called in today at Mercy Hospital ings among 21 developing countries in ' 'They'll bury it as soon as we they "The catch is down this year from last year's record right, developing countries could run as a precaution. 1983 and at least that number last year, can. Unless we get a wind change, catch," said Robert Jones, director of the state into serious problems." The blaze, which began at about the World Bank said in its World we're going to be ail right." Department of Environmental Protection's Bureau of Michalopoulos said the troubles will 2; 30 p.m. Monday, was confined to Development Report. This compares Among the other areas evacu­ Fisheries. be exacerbated for some countries "if the plant, but caused the with fewer than four annually before ated today was northern Johnson About 2.2 million pounds of "good class" lobsters there is not some kind of rebound in Styrofoam-filled roof to collapse. 1980. County, south of Cedar Rapids. were plucked from the Sound last year, compared commodity prices," and the World The dome continued to burn today, Total developing country debt, long- Some of the evacuated residents, with an average harvest of 1 million pounds. The Bank does not see a significant one in releasing hydrogen chloride — a and short-term and International Mone­ mostly from rural areas, were reason for the sudden abundance of lobsters remains the immediate future. toxic chemical that causes nausea tary Fund credits, amounts to $895 taken to the University of Iowa a mystery, Jones said. Although the oil shocks of the last and headaches and irritates the billion. eyes and throat, officials said. Field House in Iowa City. "It was just like the baby boom," he said, adding In the next five years, roughly decade, world recession and high marine conditions must have been close to ideal five to "People in the area were asked Vern Bagley, district com­ J two-thirds of the estimated $655 billion interest rates contributed to LDC debt UPI photo seven years ago when the lobsters were hutched. A to leave," (^ardner said. "W e've mander of the Cedar Rapids Fire J problems, roughly 100 developing coun­ of long-term debt of LDCs will have to got everything evacuated close to record catch also was made in 1983. tries have thus far avoided debt­ Department, said an official cause be rolled over or paid back. the (Cedar) River ...south of about president, hosted a diplomatic reception with the aid of "Those things don't continue. Of course, the year is servicing difficulties. of the fire had not been deter­ First Lady Nancy Reagan shades her eyes during a "There are a number of serious the middle of the city.

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