European Stars And Stripes (Newspaper) - June 30, 1985, Darmstadt, Hesse                                June 1985 the stars and stripes Page 19 business news terror has Security business booming new York a companies which specialize in Security say the hijacking of Twa flight 847 has boosted a business which had been growing rapidly anyway be cause of increasing fear of what with hijackings and the shooting in Al it has been a Busy week for said Philip vice president of Law enforcement associates of Secaur investors guide by William Doyle my wife and i purchased our House in october we have a 30year mortgage on which the pay ments increase percent in each of the first five years and level off for the remaining 25 a recent statement we received shows that our mortgage balance now is higher than it was when we bought the when i called the mortgage company about i was told our mortgage balance will continue to go up for the first five years and will Start going Down after Are All mortgages like or did we make a mistake All mortgages Are not like you have a graduated payment mortgage for that Type of mortgage is suitable Only for people who Are sure their incomes will so that they will have no trouble meet ing the higher mortgage payments due in future and who dont mind going deeper into pm terms can yours Calls for monthly Mort Gage payments in 1988 and subsequent years to be percent higher than your 1983 if your first mortgage payments were your pay ments from 1988 on will be a unless youre certain youll be Able to carry that you made a serious a major drawback with a pm is that you pay out considerable More interest Over the life of the mortgage if you own the House that Long than you would on a traditional fixed payment and if you sell you wont have much equity in the the big kicker in a pm is that your Early payments dont even cover the As a the amount you owe your mortgage balance goes up until your payments Rise to the Point where they cover All the inter est and begin to lower your mortgage that unhappy which you just Learned is called negative gems Appeal to yuppies upwardly Mobile professionals who Are supremely confident their in comes will but in against any mortgage with negative because in a Grumpy a mature did not know our mortgage has a negative amortization feature until we studied our monthly statements and saw that the amount we owe on the mortgage balance keeps going we were stunned when we sat Down and calculated the total amount of interest we will pay Over the life of the  we have been told the total Dollar inter est Cost when we bought the House among other the Federal truth in lending act requires that a loan contract must state the True interest percentage rate As Well As All finance and other a mortgage contract does not have to Dis close the total finance charges in dollars and most Home buyers would be shocked to learn that interest payments Over a 25or 30year mortgage More than double the Cost of a if you had done your tons before taking on the you would have Learned the interest if you had read the Fine print on your mortgage contract you would have been aware of the negative at a Home an insurance company was promoting Gem what is a Gem mortgage Gem stands for growing equity its a mortgage into which the Homeowner makes higher pay ments each but the increased payments Are used to reduce the mortgage principal not pay As a the unpaid mortgage balance comes Down much More rapidly than with most other types of with a the interest rate is fixed usually a bit below conventional mortgage rates and Doest change Over the life of the the monthly payments Rise 4 percent every because the additional Money in the monthly pay ments reduces the mortgage on which interest must be the Homeowner saves a bundle of interest perhaps More the mortgage is paid off and the House is owned free and Clear of any debt Many years gems Are great for people who feel they can afford higher mortgage payments As the years go they Are much better than graduated payment mortgages with negative readers wishing to write to King features columnist Doyle Nav address their letters in care of the stars and Apo Rosen said last week that two International airlines in which he declined to had placed orders for Metal we expect to do a lot More business in the immediate he companies which offer flight insurance also expect a jump in Tom of Mutual of Omaha insurance said Hijack victims could collect under two types of policies trip interruption cancellation which pays off whenever a flight is cancelled or or Accident insurance which pays for death or medical treat ment for injuries suffered aboard an Alan Fletcher of travellers insurance of one of two major flight said Friday there had been no dramatic increase in the number of policies but we sure expect a considerable increase As a result of the current the hijacking Only heightened concern that was already there were 391 acts of International terrorism in causing 251 according to the Rand corporation in Santa a year there were 400 incidents and a record 699 said Bonnie a Rand researcher in Security and june sikh extremists claimed responsibility for Downing an air India 747 which crashed off Ireland with 329 people two baggage handlers were killed by an explosion at Tokyo Airport the same and two children and an adult were killed by an explosion in the Frankfurt Airport june counting the air India More than 400 people have been killed in terrorist Inci dents since june in the United Rand counted 50 terrorist attacks with two deaths in Down from 59 incidents and 12 deaths in Cordez despite that government agencies and Large corporations have stepped up their installing such devices As bomb detectors and a hydraulically powered steel wedge that pops up from Street level to barricade said Kerry an editor of Security a Trade sales and earnings figures of the nations 50 major Security companies Are not available because most Are privately but their business grew 20 to 25 percent in 1984 from the previous Lydon Law enforcement for sold million Worth of equipment in up from million in it expects to boost its sales to million this Rosen Rosen said his company sold More than million Worth of equipment to the lebanese government last mainly bomb but that Trade has been suspended during the recent fighting Between shiite militias and Security associates reports that it has Large contracts with the general services administration to Supply anti terrorist equipment for government agencies and Zembas other customers include the governments of saudi Al Salvador and Rosen he said one of his Best Sellers is a Mirror mounted on a designed to look for explosives under a car or its been Selling he since suicide commandos drove bomb Laden trucks into and French military compounds in Beirut in killing 241 servicemen and 58 French another popular item is Road a portable device that stretches 21 feet across a Road and stops a car or truck with a push of a Button by puncturing the buyers included Law enforcement Oil refineries in i lie mid dle East and nuclear facilities in the United Rosen Basic control systems in which produces Access control systems using card identification has been growing steadily for six said vice president Mario he declined to disclose sales in 1984 but said they were up 23 percent from a year Lenco industries of said its Busi Ness quadrupled since the company was formed four years ago to convert Ordinary cars and vans into armoured vehicles by adding Bullet resistant said Len Len cos the company also produces armoured trucks Strong enough to withstand attacks by machine guns and Small he Wackenhut corporation of Coral which provides bodyguards and other Security services in the United states and 27 other said its executive Protection division increased its number of clients by 25 percent in Revenue was up 16 said malt director of corporate Wackenhut also provides Security guards for such High risk installations As the tra Salaska major air ports both in the United states and dams and the nuclear test site in he world lending agencies support economic expert says Washington a Many countries in industrialized Western Europe and in the third world Are tax ing themselves into chronic and the United states and International lending agencies continue to sup port their a economic consultant most of Europe and the Les developed countries can not afford to import because they have taxed themselves into stagnation and threatening a contraction of world Alan chief economist of poly Ono a private consulting told a tax policy yet no International Agency even bothers to collect and publish the relevant data on the Structure of Reynolds told the gathering sponsored by the Cato inst a private research organization supporting private majority of americans believe japanese Are harder workers new York a a majority of americans believe japanese people work harder than have better managed companies and have More Pride in their prod a Media Genera associated press poll but despite giving the japanese an Edge in those three 52 percent of the respondents disagreed with the japanese products in general Are better than Only 38 percent said they believed Japa Nese products were and the rest were in the nationwide Telephone poll of 53 percent said japanese people work harder than Ameri while 32 percent fifty four percent said japanese companies were better run than american com while 24 percent and 56 percent said japanese workers have More Pride in their products than american while 30 percent Enterprise and Market the United states and International agencies continue to and often de policies that invariably produce economic contract he said in a taking Issue with International monetary fund fiscal expert Vito Tanzi said factors other than Taxa Tion influence the economic growth Reynolds listed As countries or areas with High taxes contributing to what he called their stagnation the nor West most of Africa and most of latin he contrasted this with a list of Low tax All with rising imports except for Japan the United malay South Hong Thailand and Austria and Finland Cut tax rates in 1976 and 1978 sharply boosting economic growth but Europe As a whole has yet to follow the Reynolds in the third he economies of the Low tax countries on average by percent a year in the troublesome four while the High tax economies actually shrank by percent a he listed Jamaica As a country that taxed itself into falling per capital other third world countries with poor or negative growth rates attributed to High taxes were Western Samoa and in Good growth was registered by such Low tax countries As Hong Egypt and he except for Paraguay and South America is being taxed into Reynolds he listed As Success South Indonesia and