European Stars and Stripes (Newspaper) - January 29, 1990, Darmstadt, Hesse                                Monday january 29, 1990 the stars and stripes Page 9 a faulted in loan foreclosure study b Janet Howells Tierne Washington Bureau Washington the department of veterans affairs could do More to curb its High number of Home loan fore closures saving millions of dollars a year and allowing More veterans to keep their Homes the general accounting office says foreclosures of a guaranteed Loans Rose from i2.- 1 .1 year in 19si to 40.3.ih in 1989. In inc list five years. Inc department has lost Mure than  Hil lion 0 1 foreclosures an aver if a of s25.1h7 for each Lerv i insure. In 1987. Foreclosure was used to Ter Minate More than l ? percent of Llic de Fau Lucu Loans processed at nine regional offices the Gao study found. The department lost $465 million on Homes it acquired and resold that year. Not Only is foreclosure the most expensive Way to handle a defaulted loan but the Veteran involved rarely is Able to repay the department the study added. The a Roumm office said there Are less expensive ways to Deal with loan de faults and the department should use them More often. When a Hummer misses payments the Lender has 105 Days to try to resolve the Piu Blem Lefoie reporting it to the department. I Hen. The a has the option of fore closing or pursuing one of three less costly alternatives which the Gao said could have saved Between $42 and $92 million in 1987. Those alternatives and the potential savings per forc Closic As outlined by the Gao. Are have the department pay off the loan then restructure the loan according to the Veteran ability to pay. This Ernult reduce the monthly payment lower inc interest rate lengthen the payment period and allow the Veteran to Keip the Home. Savings $10.420. Milnw the Veteran to yell tlu1 Pill erty. If proceeds did not pay nil the loan. The department would pick up the  and Bill the Veteran. This plan avoids the costs of foreclosure and those a acquiring managing and reselling he property. Savings $8,992. Allow the Veteran to give the prop erty to the department which would sell in. If proceeds did not cover the debt the Veteran would be billed. Savings $1.42fi. The department s response to the study has been mixed Edward . The Secretary of veterans affairs acknowledged Trail improvement sin us system arc needed he sad the department has begun a Yeii Snoj sust and irn prov in. Training. My he  the i of report has Somesh oru a nor a i l its no i ods and As Mimun is Dziwinski said the fio proposals could in ale excessive paperwork and administrative burdens if adopted nation Wule. Soviets eager ready for first Mac attack Moscow a muscovites in fur hats have been peering through the construction Fence for weeks at the glowing Golden Arches shimmering in the Winter gloom. A glittering Mcdonald s is about ready to open. And it is More than a big Mac and Fries which is considerable in a country of food shortages. The Mcdonald s also is a first taste of what Mik Hail s. Gorbachev s per Stroika Tan offer. It is capitalism and consumerism in he Middle of Moscow. It s Western efficiency Friendly sen ice a clean Bright place to cat things communism has t offered Many soviet citizens. The grand opening is wednesday and 18-year-old olog Mukhin is learning How to smile we re supposed to smile All the time people will think we be gone loony " said Mukhin. One of the 630 people hired to run the restaurant. Thuv also Are being drilled in such strange West Ern habits As actually greeting customers and   the restaurant near Pushkin Square was 14 years in the planning but Gorbachev s encouragement of warmer East West relations foreign investment and modernization made it possible. If All goes Well. Mcdonald s will show some soviet people that life is not All dim cafeterias with Greasy tables where Rice and fatty meat Are sold by surly workers. Mcdonald a said Mukhin. Is for people to see How it s possible to  it May also Leach Mukhin something he thinks he needs to know for his future. Where else can you study capitalism and get paid for it he said. Unlike nearly every other foreign firm that has come to Moscow since the cold War started warm ing up Mcdonald s will be for soviet citizens not just privileged foreigners with hard currency. Lei s put a sign right Here Tor rubles Only " said Ciao rec Cotton chairman of Mcdonald s of Canada and the Man behind this 14-year quest. Just like he ones they have on the Dollar stores thai say a or foreign currency Only " a few of the 630 employees who Hill run the world s largest Mcdonald s learn How to package a meal. Mcdonald s of Canada claims to have spent $50 million to enter the soviet Market building not just a restaurant but its own Dairy bakery sauce kitchens and meal processing Plant to ensure steady supplies primarily from soviet sources. Cohon said customers will pay about three rubles Aboul two hours pay for an average soviet worker or a starting Mcdonald s employee for a famous  Tor foreign tourists that s cheap about 50 cents at the special tourist Exchange rate. S5 at the official commercial rate. Hut even the Leader of fasl food franchises can t Promise muscovites a i Uick bile i eat. Police . Nikolai Marivin. Belter known in the neigh hoi Huud for directing roundups of dissidents on Pushkin Square slopped by this week to plan crowd control Lor a line expected to Strelch so far thai in will Lake a couple of hours to gel to the door. Still in will be a real line in soviet parlance Aline thai moves As opposed to he do ens thai Jusi keep people wailing forever such As the 17-year wan for a phone As the biggest Mcdonald s in the world in is designed to serve 1.250 people an hour. A second Mcdonald a out of a planned 20. Vail sell for hard currency and Cater to a foreign Community thai would rat Lin pay More than land in line. The hamburger Chain also will give hundreds of Young people unique experience in the management and sales technique of the Capila Lisl Wesl Don t ask Llu customer if he or she Wauls a lir a or a Small drink a Youthful soviet Crew chief told his trainees. Say Large to encourage greater spend ing he explained. Everyone learns every Job in the Giorc. Some thing thai would boggle the mind of the Aeroflot cashier who is incapable of quoting a Price on a flight because her Only Job is accepting Money. If i want to take a screwdriver from the store room. I Don t need six papers and five  marvelled Dairy manager Alexander Omen Nenko. It is people such As men Chunko who will make or break Mcdonald s. This is a country in which the great est consideration in taking a Job is often not the salary but the Opportunity for Thel l and the taking of bribes. Yet Cohon and his stall said they have managed to find the Best after an and in a Moscow newspaper swamped he local Post office with 25.000 applications. Still purchasing manager Vladimir Boras a Veteran of Mcdonald s first venture into the communist world in Yugoslavia predicted that 240 of the Young people will quit within a month in the face of the Capila Lisl concept of hard work and inc flood of hungry customers. Despite the 12-hour Days Oman Chunko is pulling in just prior to opening he said he s glad he made the switch from his old Job in a scientific Institute. I want to see modern  he said and i want to show myself. I want to see what i can  $2 million sought for korean War memorial new Yorks a a new York commission has begun a Campaign to raise $2 million for a memorial to korean War veterans. More than 54,000 americans died in inc three year conflict and More than 103,000 were wounded. About 70.000 South korean soldiers died and a Mil lion civilians were killed. The new York korean veterans me Morial commission wants to place the Monument in Battery Park opposite the statue of Liberty. The memorial is to include a 20-foot High sculpture of Black polished Granite with a stainless steel cutout of a Soldier. The sculpture has been designed by artist Mac Adams to be set in a 40-foot Blue Slone Circle which will act As a Sundial. At 10 . Every july 27 the Sun Shin ing through the opening in the sculpture will fall on a Small plaque commemorating inc end of the War on july 27, 1953. Flags of the 21 nations that made up he . Come during the War will be inscribed on the base of the Monument. Irwin Schwanz. Executive director of the commission said More than $650,000 has been raised mostly in do nations of $5 to $25. Dedication ceremonies Are scheduled for the fall. Those wishing to make a tax deductible donation can Send contributions to the new York korean veterans memo rial commission 280 Broadway. Suite 423. New York. . 10007