European Stars And Stripes (Newspaper) - September 1, 1985, Darmstadt, Hesse                                Sunday september 1, 1985 the stars and stripes Page 19 business news Trade Protection Bills flood Washington up troubled by Plant closings and prospects of a staggering j150 billion Trade deficit. Congress this fall will consider new Laws to protect Ameri can business from imports. Japan with its booming . Sales and its perceived reluctance to buy foreign products will be the primary target. Not since 1930 when Congress passed the Hawley Smoot act that raised tariffs on imports an average 20 percent have protectionist winds swept so strongly Over Capitol Hill. For president Reagan a free Trade advocate it May mean another confrontation with an increasingly Balky Congress. Sen. Jim Sasser d-tenn., speaking for the democrats attacked the administration for having no Trade policy at  he said our growing Trade imbalance has Cost us four million  Senate Republican Leader Robert Dole r-kan., on a minion to Asia stressed congressional anxiety at the Trade deficit with Japan that is expected to grow from $37 Bil lion in 1984 to More than $50 billion this year. The Plain fact is that i have never seen stronger con a regional sentiment for action on the Trade front Dole Laid in Tokyo. He and six other senators urged the Japa Dick to hurriedly Widen their markets to . Goods. The next Day in neighbouring Taiwan Dole said our 1 Trade deficit with Taiwan estimated this year at $11 billion has become economically and Politi Cally  in Hong Kong Dole predicted Congress would vote on lome unspecified protectionist Bill we Call it fairness legislation Between sept. 15 and oct. 15. The Trade problem. Dole predicted will be a key Issue in the 1986 and 1988 elections. Earlier in Tokyo Clayton Yeutter Reagan s chief Trade representative also urged fast dramatic action on the part of the japanese. There arc now 200 Trade Bills pending in the . Congress Many of them directed at japanese Trade practices Yeutter said. Those Bills Range from one that would assess Japan 2 percent of its Gross National product As an annual Security fee to another that would require Auto safety certification for japanese cars similar to that required of Ameri can can being sold in Japan. The japanese certification one congressional staffer said lakes 100 to 150 hours to prepare and costs lots of  three Bills to watch an initiative by reps. Dan Rostenkowski d-i1i., Richard Gephart. D-mo., and sen. Lloyd Bentsen d Texas that would require Japan Brazil Taiwan and South Korea to Cut their Trade surpluses with the United states by 5 percent or face 25 percent Tariff increases on All their exports to the United states by oct. 15. 1986. Rostenkowski chairman of the powerful House ways and Means committee has the muscle to move the Bill and has promised to do so. The .-Japan Trade Bill sponsored by sen. John Danforth r-mo., would give president Reagan 90 Days to offset Japan s increased car exports by either persuading the japanese to buy . Goods of a corresponding value or by restricting japanese imports. The Bill has already cleared the Senate finance committee. It is a statutory italians can now eat like Fonz e Rome a fast food is winning appetites in Italy confounding a life that often revolves around the three hour lunch and pasta cooked to perfection. The opening in Early August of Italy s first drive in version of the fast food outlet removed the last of the plastic curtains Between us and the .a.," said the newspaper la Republica of Rome. Now italians can eat while driving just like Fonzie Tad the boys in american Graffiti " the paper added referring to the film about America s love affair with convertibles and Burger joints in the 1960s. The Burghy s Chain opened the drive in next door to a supermarket on a Highway to Switzerland and near the Northern resort of Lake Maggiore. Many Small restaurants have closed Down and have been taken Over by fast food companies with such names As Koburger big Burg Benny Burger and Quick. Rome even has proclaimed a 17-year-old fast food worker miss fast  one roman fast food eatery is open from noon until 3 a.m., unheard of hours in Italy where waiters often Glare at customers who arrive for lunch at 2 45 . The menu and format in Italy s fledgling fast food Industry Are virtually identical to those in the United states. Investor s guide q. I went to the office of a big Stock brokerage firm Fri minted to put $48,000 into a 10-year certificate of eve Folt at a wings and loan association that pays Wmma interest than is available locally. In Sikl la member of toe Federal a tongs & leu insurance corp. But because i did this through brokerage i understand my cd is insured by the Securi ten investor Protection corp. I hate Beta told that anything not federally insured is to of a. Tus Money is Ery important to me. How mob risk am i taking a. Assuming the $48,000 cd is the Only Deposit you have at that Sal. You have no risk whatsoever. Because the Sal is a folic member each depositor has Federal insurance coverage of up to $100,000. Relax. Your Money is Rock solid Safe. The fact that you obtained the cd through a broker age firm does t change your folic coverage. The same thing would apply if your cd was at a Bank with Federal Deposit insurance corp. Coverage. Many brokerage firms place customers Money in cd and or Money Market Deposit accounts at Sau and Banks All Over the country. That s known As Deposit  through their computers the brokerage firms keep track of which a is and Banks Are paying the highest interest and Send the deposits  such As you who use Deposit brokerage get High interest. The brokerage firms collect fees from the a is and Banks to which the Money is sent. Your Money is insured by folic. S1pc. On the other hand protects customers Waco leave securities and Money at brokerage firms. Sip covers each customer for up to $500?600 no More than $100,000 of which can be in Cash if a brokerage firm goes bankrupt version of a nonbinding Resolution a used by the Senate 92-0 last March. The textile and apparel Tjade enforcement act of 1985, would Cut import  countries particularly Hong Kong Taiwan and Korea. The Bill sponsored chiefly by sen. Strom Thurmond , has 60 co Spon sors in the Senate and More than 300 in the House. Moi plants Are closing said Sam Richardson a sen ate finance committee spokesman. Many senators and representatives at Home during the August recess Ore facing a rising tide of  Richardson estimated that 40 to 60 senators Are being of ced to modify their positions by the in act of Trade problems and Are now leaning toward support of protectionist Bills. Most of the congressional fury and officip1 frustration is directed at the japanese whose cars cameras and television sets sell swimmingly in the United states but whose markets Are often difficult for american businessmen to penetrate. American cigarettes for example have 70 per cent of the Market in Hong Kong 25 percent in Europe and Only 2 percent in Japan. The . Problems with Japan persist despite seven japanese government action plans in the past four years designed to ease Trade restrictions. Of the latest action plan announced in Tokyo july 31, one government official said ten years ago it would have been fantastic but today it s too vague too  All the signals we be been getting the official said is of mounting frustration on Capitol Hill. And it s now time for  is is a where. Bat this arrangement provides enough to Al take care of our needs and we feel comfortable this Way. A. I can t find any serious fault with your arrange ment. As Long As the interest provides sufficient income for you to live comfortably there s no reason to make any big changes. Of course you could concentrate your Money in one Bank without losing Federal insurance by having on account in the husband s name one in the wife s name one in joint names one in the husband s name in Trust for the wife still another in the wife s name in Trust for the husband. Each account would have si00,000 insurance coverage. That might make handling your financial affairs less complicated. Above All let s Hope you Don t have your Money in old fashioned savings accounts at Low interest. You should have most of it in High interest certificates of Deposit and some in a Money Market Deposit account and or super now checking account. Both of the last two named pay higher interest than straight savings accounts. Also shop around at different Banks and a is for the Best interest Rales available. In these Days of deregulated banking each Bank and so can set its own inter est rates. You can do quite Well by shifting your Money from one institution to another. Q. Why do Odic and Suc refuse to release lists of troubled Banks and a la a. Because experience has shown that would cause runs on the  sure each depositor s Money is Safe up to the $100,000 limit of Odic or folic coverage at an insured institution. But even a hint that a Bank or so is in financial trouble sends depositors hurrying there to make withdrawals. We be seen that happen lots of times. There have been cases where the runs weakened Banks and a is to the Point where they finally failed. Regulatory authorities try to keep the lid on and help troubled depository institutions slay in business. Kirs feature column lil Dovle Welcome written Oue Iloni bul Pecan Provida Niwen Only i trough the column. You can write to him in care of the Stan and Stripe. Apo Ottil digest France is hotly competing with Spain for euro Disneyland Paris up France land of Chic and refinement worships Mickey mouse and is hotly vying with Spain to be the site of the first euro Disneyland. The Walt Disney firm in Orlando fla., is negotiating to build an amusement Park at a reported Cost of Between $2 billion and $5 billion either at Marne la Vallee 22 Miles East of Paris in the Vaucluse Region of Southeastern France or in Barcelona or Alicante Spain. Mickey mouse in Marne la Vallee perhaps that s for tomorrow proclaimed the Paris newspaper be Figaro. In Orlando Disney officials declined to say which area has the Edge. Bank signs pact to Purchase tycoon Niarchos shipyards Athens up the state controlled hellenic Industrial development Bank Etva has signed a preliminary agreement to Purchase the vast hellenic shipyards near Athens owned by shipping tycoon Stavros Niarchos. An announcement issued by the official Athens news Agency said the agreement was reached after four months of negotiations. It allows for the Complete trans Fer of Niarchos shares to the  Chrysler of Mexico begins Dodge ram Charger exports Mexico City a Chrysler of Mexico announced it has started exports of mexican made Dodge ram chargers to the United states and Canada. Plans Calls for 30,000 pickup trucks to be exported each year. Chrysler said the exports will bring in More than $300 million to Mexico each year. Chrysler started an Export program of its mexican made vehicles to the United states and Canada 14 months ago. Consumers urged to consider Short term fixed rate Loans Washington a unless you can and a Safe Way to earn 11.5 percent or higher return on your Money you re belter off spending the Money to make a seeded up payoff of your Home loan a top executive says. Warren Lasko executive vice president of the mortgage Bankers association said that for a consumer who can afford the larger payments 15-year Loans now available at 11.66 percent interest Are Good investments. To be better off he said you be got to be Able to Pul your Money to work with some safety and Confidence and make at least 11.66 percent on it. You just can t do that in today s