European Stars And Stripes (Newspaper) - April 10, 1986, Darmstadt, Hesse                                Thursday april 10, 1986 the stars and stripes Page 5 16-year-o/d granted stay of execution Little Rock Ark. A a 16-year-old inmate thought to be the nation s youngest on death Row was granted a stay of his scheduled weekend execution by the Arkansas supreme court on tuesday. Ronald c. Ward 15 years old when sentenced in september was to die by injection on saturday one year to the Day after the stabbing deaths of two elderly women and their 12-year-old great Nephew. The teen was convicted of the killings. The justices granted a motion filed by defense attorney Samuel Turner jr., who sought a delay because the Tran script of Ward s trial had not yet been prepared. Turner s motion said his grounds for Appeal would include exclusion of opponents of the death penalty and Blacks from the jury. Ward is Black the victims were White. Ward arrested at the Junior High. School where he was enrolled in the 7th Grade for the third time has maintained his innocence. . Plans to sell China gear to modernize old Jet fighters by Norman Blackcap military writer Washington the Reagan administration tuesday notified Congress that it has reached an agreement to sell China some special electronics gear that will allow modernization of China s aging f-8 Jet interceptors. The formal notification released by the Pentagon states that the United states is prepared to sell "55 integrated avionics sys tem kits support equipment training and system installation. At an estimated Cost of $550  the Sale which will go Forward unless Congress moves to Block it within 30-Days, would be Only the second government to government arms Deal negotiated by the two countries. The first involving $98 Mil lion Worth of technology and equipment to modernize chinese artillery ammunition plants was approved last fall. Citing improved relations Between the two countries the Reagan administration authorized China to buy . Military equipment in 1984. The new electronic gear will make it pos sible for the f-8, a High Altitude interceptor modelled on soviet Mig-21, to operate in All types of weather. The equipment includes new radar navigation and fire control components. Although Congress did not object to the earlier arms Deal there have been indications the latest transaction May stir Contro Versy. Sen. Barry Goldwater r-ariz., chairman of the Senate armed services committee recently suggested he May oppose the Sale because non communist governments in the Region have expressed fears Over chinese military Power. A group of More than 50 conservative leaders including Richard Viguerie How Ard Phillips of the conservative caucus and Ray Kline a former Deputy Cia director also sent president Reagan a letter last week expressing their concern that the Sale would upset the military balance Between China and Taiwan. They suggested the administration must reverse its policy of refusing to provide advanced Jet fighters to Taiwan if it wants to proceed with the new arms Deal. In its formal notification to Congress the defense department said the Deal with China will contribute to the foreign policy and National Security of the United states by helping to improve the Security of a Friendly country which has been an important Force for political stability and economic Progress in Asia and the  these integrated avionics system kits will be used by the people s Republic of China to modernize 50 f-8 interceptor air Craft. This Sale will provide China with cer Tain defensive capabilities. The Sale of this equipment and support will not affect the Basic military balance in the Region the notification statement said. The Pentagon added it would not select a contractor to provide the equipment until later. If the Deal goes through however it will require the assignment of 25 . Contractor personnel in the people s Republic of China for a minimum of nine months 11 of these 25 contractor personnel will remain in China for three years the Pentagon said. Up to five . Air Force personnel will be in the people s Republic of China from one to six years on temporary or continuing assignments it said. Home refinance Rush empties Ginnie Mae s purse Washington a the Rush by homeowners to refinance Home mortgages at lower interest rates has exhausted Ginnie Mae s $65.3 billion authority to guarantee mortgage backed securities this year officials said tuesday. Ginnie Mae expects the Reagan adminis tation will ask Congress for More than $20 billion in additional budget authority for the current fiscal year said Lou Gasper executive vice president. Ginnie Mae is a federally chartered corporation formally known As the govern ment National mortgage association. Each year Congress gives Ginnie Mae budget authority to guarantee privately sold securities backed by mortgages insured by the Federal housing administration and the veterans administration. The authority is not the same As tax Money since Ginnie Mae is set up As a profit making corporation. But because it operates under special rules not available to strictly private companies the scope of its business is determined by Congress. Ginnie Mae s $65.3 billion commitment authority for the 1986 fiscal year ran out last Friday because of the surge in Mort the difference a Point makes $80,300 Purchase Price $72,270 mortgage monthly monthly interest principle property taxes rate interest & insurance total monthly expenses annual income needed to afford 9%10 1112 1314 1516 17 18 $ 582 635688 744802 860918 9761,033 1,091 $9595 9595 9595 95 9595 95 $ 677730 783839 897 9551,013 1,0711,128 1,186 $29,00331,273 33,54435,943 38,42840,912 43,39745,882 48,32450,808 based on 30-year term 10 percent Down payment and assuming expenses equal 28 percent of income a 2 percent hike in interest rates raises the payment on $72,000 loan by about $100 a month pricing out of the Market about 4 million families Chicago Tribune graphic source National association of Home builders family of slain Navy Man sues Twa for $20 million Gage refinancing by homeowners seeking to take advantage of lower rates Gasper said. We have never run out it s the first time we be done it Gasper said. The exhaustion of Ginnie Mae s commit ment authority does not affect the existing securities and the lenders who have already gotten authority to Issue can go ahead and use that authority Gasper said. But Ginnie Mae will not be Able to Gua Rantee any new Security issues until con Gress extends the commitment authority he said. A decline in interest rates has spurred a Boom in the housing Market and Many homeowners who obtained mortgages sever Al years ago when interests rates ranged from 12 percent to 15 percent Are refinancing their mortgages at interest rates that have dipped below 10 percent. There have been no definitive statistics on the number of refinanced mortgages since the Federal Home loan Bank Board stopped recording that number several years ago. Ginnie Mae s conclusion that the refinancing surge exhausted its commit ment authority is based on what everybody out there in the Industry is telling us Gas per said. Sands of time in the stars and stripes 40 years ago today. New York a the family of a Navy diver who was murdered last year during the hijacking of an Athens to Rome flight filed a $20 million lawsuit tuesday against trans world airlines. The hijacking never would have occurred if not for the airline s will full and reckless mishandling of passenger and aircraft Secu Rity the family of Robert Stethem con tends in the suit. Aviator Cecil Sinclair Dies grand Haven Mich. A Cecil Sinnie Sinclair one of the nation s oldest aviators died april 5, three Days shy of his 98th birthday and a week before he was to re qualify for his Pilot s License. Records show that Sinclair flew Solo for the first time on nov. 15, 1915, and he maintained his Pilot s License until his death. The suit was filed in . District court in Manhattan where Twa is based by Richard and Patricia Stethem the victim s father and Mother. Also among the plaintiffs Are Stethem s Broth ers Kenneth and Patrick and his sister Patricia Sierra a. According to accounts Given after the hijacking by other passengers and the Crew Twa flight 847 was commandeered 10 minutes after leaving Athens on june 14, 1985, by two men who ordered the Pilot to go to Beirut Lebanon. In Lebanon the hijackers identified Ste them As a . Military Man forced him to the front of the plane and beat him severely before shooting him in the head and throwing his body out of the grounded plane. Stethem was the Only passenger killed. A Twa employee said no spokesmen were available to comment on the suit. April 10, 1946 French comedienne Josseline Gael who insisted she had been led astray by a Lover was condemned to National indignity for life the loss of her citizenship rights and barred from Paris Lyon and Marseilles film studio areas for 20years alter her conviction on collaboration charges. 30 years ago today. April 10, 1956 israelis and arabs battled for the fifth Day near Gaza while u n Secretary general Dag Hammarskjold flew from Rome to the Middle East on a peace Mission. R 20 years ago today. April 10, 1966 the United states plans to reject president Charles de Gaulle s one year deadline for getting american troops and military installations out of France u sources said. To years ago today. April 10, 1976 a Senate investigator linked agriculture Secretary Earl Butz Witheft its by Howard Callaway to persuade the . Forest service to approve an expansion of his Colorado ski resort onto nearby Federal land. A Wun