European Stars And Stripes (Newspaper) - August 19, 1986, Darmstadt, Hesse                                Page 28 m thesta Fis and stripes tuesday Augustus 19b6 Joper tops business group s Ronij jugs Geneva api Mapait states As the world s mow competitive Naf ioness he Geneva based european management forum says in a report comparing 31 industrialized countries. The United states moved Down to second place from last year followed by Switzerland Wisl Ger Many and Denmark the study based its conclusions on statistics from International organizations such As the United Naan world Bank and on an opinion sur businessmen and economists in the c it is published annually by pit vainly funded Independent  sponsors International  the Jmar said Japan which dropped from first nuke talks planned Washington not the soviet Union and the United states have agreed 10 resume talks on ways to reduce the risk of accidental nuclear War administration officials said Sun Day. The talks Are to reconvene this month in Geneva officials said. Administration officials said both sides had an interest in coming up with some kind of agreement in the Field of arms control that could be formally approved Ai an eventual Summit mecking Between president Reagan and Mikhail s. Gorbachev inc soviet Leader. Blast kills 4 in France Toulon France a an explosion demolished an automobile Early monday in Down town Toulon killing the Driver and Alt three passengers police said. The blast at about 1 . In the Central mar Ket of the Mediterranean coastal City blew the car to piece and started a fire in a nearby build ing. The fire destroyed a store specializing in baby goods police reported. The four people killed by he explosion were not identified and police refused to provide fur ther information. Drug exports halted la Paz Bolivia not a joint operation by the . Military and the bolivian police to wipe out cocaine laboratories has virtually. Halted exports of finished cocaine from Bolivia at least for now according to officials in la Pat at the same time they said the operations against the Clandestine laboratories in the Beni and Capare regions have closed the markets for coca Leaf the raw material of cocaine grown and used by Lens of thousands of bolivian peasants. Sikhs identified new Delhi. India a police said Sun Day that four sikh fugitives were suspected of killing the Man who commanded the army in 1984 when soldiers stormed the sikhs Golden. Temple to flush out terrorist. Police said witnesses identified the four through police photographs. Gen. Arun s. Vaidya India s most highly decorated military Man was killed in an ambush aug. 10 in Pune. He had retired Jan. 31 As army chief of staff. Carmichael locked up Washington a Stokely Carmichael who once advocated Black Militancy in the United states and now lives in Guinea under the name of Kwame Toure has been jailed on a charge of preaching revolution in the West Afri can country a political co worker said sunday. We do not know when he was arrested said Bob Brown a spokesman for the Washington based All african Peoples revolutionary party. But we have confirmed that be has definitely been arrested and is in jail somewhere in Gui  place in 1984 to third place last year had recaptured i. J despite undue pessimism reflected avg Furcy. It id be caused the pcs sir no it cited a drawing an Ozment Effort l picture for the United states is still fable the report said. It attributed the drop in Posi Tion mainly to a More subdued optimism on the part of . Survey respondents and to poor prospects for near and medium term investment growth. Switzerland s competitiveness is helped by a Strong service sector the report said and the country s Small size is compensated for by a ranking system partly based on per capita performance. Lurth place because it ii a steadiness with near Zero inflation Good Industrial relations the report said. Britain France and Italy lagged far behind in Lii 16th, and 18ih places. France was Hurt by state Interfe-1 Industry the report said noting that the a reflect recent moves by the newly elected  minister Jacques Chirac to privatize Many inc Greece again ranked last Ornum Kenern coun tries Analysed. The report which uses 340 criteria to form i laces also ranked nine newly industrialized nation. It named Taiwan As inc most competitive with Singa pore second and Hong Kong third. Nea % of . Savings and Loans lapse Gao study s new York not of savings and loan associations arc in far  condition than Federal regulators and the the Ulm Stry have acknowledged new government research Sug a study by the general accounting office there Are 461 More Thrift institutions with negative Worth their liabilities exceed their assets than the Federal Home loan Dank Board says there Are. The Gao study evaluating Thrift units Wilhem accounting system than that used a by backboard also found that 830 other Savi Guim loan associations had net Worth less than in wit recent regulatory minimum. This would mean Nat 1,291, or 43 per cent of the nation s a Roxy namely 3,000 Thrift institutions Are  or close to it while the numbs failing Thrift institutions and their reported net Wipf fleas Little financial effect on depositors each 4sfom is insured up to $100,000 the Bank to push through Congress a Rescue plan for savings and loan insurance corp. Much of the debate  s plan a dispute that is largely dryer of accounting a entered on How Jarf Firidl institutions Are truly in bad shape we Mould affect future payout by the insurance up oration. The Bank Board and the United Rungue of savings Are on one Side of the debate Jao experts and other researchers on he other. Tive Tot two savings industries out there Miscia the Gao economist who conducted the stud a Bare is a Bunch of healthy institution that Are Doir Fca Well. But there Are a Large number of institutions or More that Are a problem and arc a potential demand Ornic Kllc fund. And the important thing is that the potent liability is  Robert j. Sahadi. Direct lord uan aboard office of policy and economic research a Rowe think there is a significant problem. But those to to Lake some accounting numbers and some data and see doom and gloom and say the a Well it just int the  Botha decries sanctions vote Johannesburg South Africa a foreign minister . Botha said sunday the . Senate approval of Broad sanctions against South Africa would encourage radicals trying to create a society in which no american would live  Botha said the Senate action constituted interference in South Africa s internal affairs and was not in the Best interest of the United states. Meanwhile two land mine explosions sunday in a Rural area near the town ofic Spruit killed five Blacks and injured two Blacks and four whiles the govern ment s Bureau for information reported. Ii said three Black women and two children Ages 10 months and 9 months were killed and two Black men were injured when their car detonated a mine on a farm Road outside Nel Spruit 180 Miles East of Johan Nesburg. The Bureau said the second mine shattered a car driven by a while woman who was taking her three children Home from Church. It said uie 32-year-old woman and her 9-year-old son were seriously injured and the two other children were slightly Hurt. It did not suggest who might have been responsible but Security forces usually blame land mine incidents on guerrillas of the outlawed african National con Gress. The Senate by an 84-14 vote approved a Sanction package that would ban imports of South african steel textiles uranium Coal and farm produce. The package which must be reconciled with stronger Bill passed by the House of representatives also bars new . Investments in South Africa for bids new Bank Loans and ends . Landing rights for South african airways. About 240 people have died in unrest in South Afri Ca since a nationwide state of emergency was declared on june 12. Taxpayers from Page 1 ers those most Likely to face rising tax Bills Are Ameri cans who fall into several of these categories single people and childless couples. They take relatively hide advantage of the personal exemption which will nearly double by 1988. Two Tamer couples. They will lose a special deduction of As much As $3,000. Taxpayers who contribute to individual retire ment accounts. Contributions will no longer be deduct Ible for those in families where at least one member is covered by a pension plan at work though the interest earned on such savings will remain tax free. Individuals and families paying Large amounts of interest on Money borrowed for purposes other than buy ing Homes because such non mortgage interest will no longer be deductible. People who borrow to buy things willbe hit said Ira Shapiro director of tax policy for the accounting concern of Coopers Lybrand. Investors who make substantial capital gains fro the Sale of investments they have held for at least six months. No longer will 60 percent of the value of Cap la gains be excluded from taxation. Many real estate tax shelters used to create paper losses will be abolished. On average the new lax code will provide a tax Cut of 6.1 percent for the 1988 tax year. For the average taxpayer that adds up to $204 in lower taxes for the  warn however that there is no such thing As an average taxpayer. In actual practice the new tax code will have widely differing impacts depending on each taxpayer s circumstances. For example an estimated 6 million Low income taxpayers will have their lax Bills Cut to Zero but the average tax Cut for taxpayers earning less than $10,000will by Only s37. At the other end of the income spectrum taxpayer earning $200,000 or More Wilt receive an average Windfall of $2,857. But for some of the nation s More affluent taxpayers the lax Bill will lift thousand of extra dollars from their pockets one peculiarity of the new tax system is that people with taxable incomes Between $40,000 and $50.000 Are very Likely to fare belter As a group than Tho Between $50,000 and $100,000. The average tax Cut will drop from $4ii in the lower bracket to about $132 in the higher one according to the congressional join tax committee