Sunday, February 5, 1984

New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Page: 5

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Text Content of Page 5 of New Braunfels Herald Zeitung on Sunday, February 5, 1984

New Braunfels Herald-Zeitung (Newspaper) - February 5, 1984, New Braunfels, Texas Business HeraldZtltuiif February 1964 6A Wall Street watches dollar NEW YORK AP Wall Street analysts are watching the dollar closely in foreignexchange markets for possible cues to the future course of stock Over the last four years the dollar has put on an impressive show of reaching record highs as recently as last month against leading foreign curren In many of this performance has been a pleasant change from the dollars woes in the when it got so weak that some analysts feared its days as a world standard were But as the dollars recovery economists it became too much of a good thing for many important participants in the It did help reduce inflation by pushing down prices of imported goods for domestic But at the same those at tractively priced imports represented stiffer competition for merchandise produced by companies in this And by raising the price tag on American goods in foreign it hurt sales of many companies that do a significant portion of their business In the United States had a record billion trade The drop in net exports resulted partly from the earlier and stronger recovery in the United States as compared to that of our major trading economists at the investment firm of Sachs observed in a recent But marketshare analysis suggests that the high foreign exchangevalue of the which makes imports cheap and exports is also significantly responsible for the slide in net when the dollar took a downward turn in foreign ex change during the past it quickly caught stock traders A flurry of buying quickly showed up in the stocks of international companies like Johnson Johnson and That turned out to be the only bright spot in the stock markets fourth straight declining The Dow Jones average of 30 industrials fell to bringing its loss since 6 to The New York Stock Exchange composite index dropped to and the American Stock Exchange market value index was down at Big Board volume averaged million shares a against million the week Deferred annuities offer flexible options By STAN Edward We have been discussing the single premium deferred So far we have pointed out that your principal is guaranteed by the insurance company and that all interest is allowed to ac cumulate tax There are other advantages to a deferred The insurance company offers you very flexible One such option is that setting up regular for the rest of your The amount of these payments will depend on 1 the value of your investment and 2 your life You will receive these payments the rest of your That is guaranteed lifetime This of does not appeal to everyone Financial focus but in my dealings with elderly clients I have found that the single most fear is outliving their With an annuity this is impossible and offers many a peace of mind that is hard to measure in What happens when you die Unlike most of your annuities bypass When you sign your contract you name one or more On your if you have not annuitized your the proceeds go directly to the named You avoid the cost and publicity of Probate costs will vary but generally average from 4 percent to 8 percent depending on the state and the attorney with whom you are Simple arithmetic shows that on just a in probate cost could cost your heir to A single premium deferred annuity is a basic money management concept that I feel comfortable to recommend to my I know of no other vehicle that will give you the benefits that we have discussed guaranteed safety of taxdeferred control of flexible settlement options including lifetime annuity avoidance of There are several variations of this basic concept which may very well fit your investment needs It would be to your benefit to contact your investment adviser and let him explain specific deferred annuity Business mirror If Reagan cant cut who can ByJOHNCUNNIFF AP Business Analyst NEW YORK Few things seem dearer to the heart of Ronald Reagan than cutting the size of federal government and building up the private Why then has federal government activity under Reagan accounted for a greater ratio of the countrys total output approaching onequarter than under any recent Democrat or Republican In that figure lies a tale of frustration and a warning If the most powerful figure in the country cannot cut the who can And if the budget cannot be or taxes can financial problems be avoided Government spending in fiscal 1983 amounted to about percent of gross national compared with about percent in fiscal when the president took office and promised to cut Those promises are still being as you can hear or read about every but if cuts finally are they still might leave the ratio higher than for any president since World War Under Jimmy rebuked by Reagan for his spending the ratio never got above Under Richard Nixon the ratio got down to percent in Lyndon Johnsons highest was in And back in Dwight Eisenhower managed to lower the rate to A lot has happened since Eisenhowers including a heightened interest on the part of Americans for the good provided if need be by the federal The willingness to pay for the good apparently has not risen Cut health care Can anybody cut health care Individuals havent been able to do it in their own personal Doctors dislike the very idea of saying who should be aided and who left to Insurers have failed at the Hospitals too Cuts in Social Security and welfare arent much lower on the scale of Environmental spending is high on the list of un And defense is in a category of its do you cut And how do you cut And how do you cut and remain in office And since cutting seems to have become how do you lower interest on the national the tab for which keeps rising Business briefs Coleman announces two promotions James Boenig has been promoted to manufacturing engineer at the Coleman Company He is a native of the New Braunfels area and joined the company in 1980 as quality control His most recent position was quality control Michael Pickelman has been promoted to quality control He lives in New Braunfels with his Pickelman joined the company in 1981 and was most recently a quajity control Smith vice president of Texas Commerce Bank The board of directors of Texas Commerce BankNew Braunfels has elected Ray Smith vice president of the bank effective Smith has 20 years experience in business lending in the United States Small Business Administration and is a Certified Public He and his are members of the First Protestant Church and have two grown Tolan joins WestPoint division William Bill Tolan has joined WestPoint Pepperells Apparel Fabrics Division as junior cost ac Tolan was formerly a landman with Digicon in from May 1981 until June A native of Oklahoma Tolan complated Bishop McGuinnes High School He earned his bachelor of science degree in economics at Oklahoma State University and attended Southeastern Oklahoma State University and Northeastern Oklahoma State where he majored in He and his wife Denise reside in New M Is 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