European Stars And Stripes (Newspaper) - July 21, 1985, Darmstadt, Hesse                                July 1985 the stars and stripes Page 19 Union Calls for push to organize by Kenneth Noble became the target of a prolonged organizing drive in Olin Ian with a somewhat sol san Francisco not calling the internal the which ended with a Union who grew up in Brookl business news m by Kenneth Noble san Francisco not calling the International business machines viciously the new head of the communications workers of Ameri Ca has announced a worldwide drive to organize the company Morton who was elected last week As the third president of the Union in its 47year said the Union intended to Label ism As the Stevens of the International telecommunications a textile company that was Long considered to be adamantly anti investors guide by William Doyle in his pitch to get me to sign and Send three Post cards to Washington handily addressed to my con Gressman and senators my insurance agent claims the Cash value of my life insurance policies will be taxed if president reagans tax plan goes through As i dont follow the agents in not so dumb As to buy Universal or variable life All of which have Cash i have Only term life insure which has no Cash value and is much less can you give me any reason Why i should mail those Post cards none at that agent goofed when he tried to get you in on his Industry grassroots lobbying the insurance business has been More successful with other Congress has been deluged with More than a million pieces of mail on this greatly misunderstood portion of the Reagan tax one Section of the presidents Reform proposal would Levy income tax on the inside buildup of newly Cash value life insurance policies and existing Cash value policies and annuities would not be and there would be absolutely no tax Impact on term life insurance policies such As you which provide straight Protection for your beneficiary and have Nei ther Cash surrender nor loan the inside buildup on most Cash value policies results from interest earned on investments insurance Compa Nies make on behalf of policy with some Cash value part is invested in Mutual funds and the inside buildup comes from dividends and capital gains either that Money now accumulates tax its no secret that Many people use Cash value policies and annuities As savings and investment rather than As insurance they avoid paying tax on the inside buildup until they withdraw the but folks who receive dividends and capital gains on other types of savings and investments have to pay income tax As that Money the Reagan proposal Aims to take away what the Treasury department Calls an unfair tax advantage and treat More investors and savers the very thought of this has the insurance Industry hopping it will be awfully hard to sell new Cash value policies and annuities if the inside buildup is one insurance executive i know the dogs wont eat he Means the customers wont i am in my Early 40s and ant undecided about whether to open an individual retirement account or put my Money into a variable life insurance policy for my old which would you advise open an any working person who can afford to put Money into an Ira and who Doest do so makes an unnecessary gift of tax dollars to Uncle you dont pay income tax on the Money you put into an Ira or on the interest dividends your Ira earns until you withdraw normally after retirement when youll need that reduces your income tax Bill each and every you pay premiums for a variable life or any other insurance policy with after tax Dol you dont get any tax shelter on those Only the growth in the policy Cash value is deferred from income until withdrawal for tax and retirement an Ira is far and away a better Deal than a life insurance on the advice of an account executive at a big brokerage we invested in a single Premium deferred annuity with an insurance How can we find out if this is a sound operating company a Quick Way is to look it up in bests life insurance published annually by Alfred Best youll find that Book in the reference sections of most big Public a note of caution must be added Best gave an a rating to insurance subsidiaries of Baldwi United in that conglomerate went into bankruptcy in in that ongoing sorry Many annuity holders Are still waiting to get their features became the target of a prolonged organizing drive in the which ended with a Union of the new organizing Bahr said in a rousing speech before delegates at san this will be a Lon term it will require he but ism and All the other nonunion companies in the Industry will come to know that we Are serious about protecting our Union won fringe benefits and Job scepticism about the unions chances is Given several decades of failed efforts to organize High technology workers in an Industry where Many Compa Nies Grant Stock options to the lowliest employee and extend Many other in a comment on Bahrs speech at the san Francisco ism spokesman Tom said we consider ourselves to be an outstanding to in the United our employees have never seen the need to Bahr insisted that Many High technology workers Are eager for Union As the new head of the assumes one of the most important posts in organized he is already known for his Blunt statements and somewhat Gruff leavened with a certain avuncular he is also known As a shrewd Bargainer with an excellent command of the complexities of phone con Union officials unlike his Glenn a North carolinian with a somewhat careful who grew up in Brooklyn and lives in port Wash is expected to be something of a militant and at the conventions opening session last for sex when labor Secretary Bill Brock Watts welcomed him with a warm embrace and prolonged expressions of by Bahr said bluntly that he was disappointed that the in his first major appearance before a labor had promoted the concept of set Ting minimum wages for teenagers below adult Rales instead of announcing that the Reagan administration was scuttling the Bahr also said that while so far Brock had been Bright his appointment has not changed the ant labor policies of the Reagan Bahr attacked what he called the a progressive Rea Gan which he said had stopped issuing worker safety health he also the National labor relations which he said will no longer protect workers who blow the whistle on employ ers violating the most Basic health safety by any the next year will be a critical period for the communications the Union enters its first negotiations since the january 1984 breakup of the Ameri can Telephone and Telegraph that spun off seven hold ing companies to run local Telephone japanese plan of ease Frayfe Laws businessmen remain sceptical Tokyo not japans government has promised to simplify product ease import procedures and in crease its purchases of foreign made goods As part of an Over All program to improve foreigners Access to japanese mar because the full program will not be finished until late this United states government officials and businessmen in Tokyo said they could not Tell whether the measures would increase japanese imports or whether they would help reduce americas huge deficit in Trade with they said japanese officials had not always carried out similar pledges in the foreign businessmen in Japan often cite rigid product standards and cumbersome import procedures As critical barriers to Michihiko director general of the foreign ministry economic affairs called the measures Only a table of contents to the forthcoming in the the government promised to reduce the number of products covered by official revise japanese government standards to conform to International include foreign businessmen in Standar set Ting procedures and accept More foreign test the government also said it would allow More manufacturers to certify that they meet japanese standards without hav ing to undergo government for Japan said it would change some Auto Mobile inspection ease quarantine procedures on agricultural simplify customs clearance for pharmaceutical goods and simplify License procedures for some cosmetics Makoto director general of the ministry of International Trade and Industry International Trade policy said he did not believe japans Standard system really obstructed Trade in most but dissipating suspicions will encourage potential exporters to the japanese he and i think psychologically it is very a government official in Japan said that the Steps outlined were Good ones but the report offered few details on How the changes would be put into i think the environment has he but we still have the japanese and that Doest weve been optimistic Many times before and been disappointed Many times John senior representative in Japan for the american electronics said Japan promised two years ago to make some of the same changes men he waved a 2yearold copy of a Tokyo press re lease with wording similar to the there is still no process for including foreign opinion in the Standar making Stern digest a Silicon wafer is placed in a plasma etching reactor at Lehigh University in researchers Are testing a process that will fit a higher concentration of transistors onto integrated chinese taxing imported goods peking a China has announced a new import regulatory tax on video minicomputers and other selected foreign a state Council circular said some localities and units had imported costly goods in a Blind damaging the the official Xinhua news Agency the tax is in addition to Normal customs the announcement did not say How much importers would have to million Doest ily with Laker London a sir Freddie Laker said he would reject an out court personal settlement of the lawsuit he has fought Over his collapsed even if it Means quitting the airline Industry and being put out to Laker said he was delighted that a settlement had been reached Between lakers creditors and the 12 airlines and aircraft companies named As defendants in the after Laker airways went broke owing the equivalent of Laker filed suits in District court in Washington alleging that 10 major airlines conspired to destroy his sky train a pioneering venture in mass Low Cost travel across the