BUSINESS Shultz Vows Best Effort for New Talks
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20 - MANCHESTER HERALD. Saturday. Jan. 5, 1985 NEW ENGLAND U.S./WORLD SPORTS WEATHER Newport, R.I., faces U.S. missiles strain Blake, Blood pace Snow ends tonight; BUSINESS new media onslaught ties with Germany MHS ice victory cloudy on Tuesday ... page 13 ... page 2 Overnight Professor sees ... page 9 ... page 151 millionaire good bargains days over for borrowers By Steven W. Svre United Press International By Susan Vaughn iEanrkatfr * .<.it _ _ * Monday, Jan.Ib 7, 1985 — Single copy: 259 BOSTON - ^ $ n the earliest years Herald Reparter Manchester, Conn. — A City of Village Charm of the personal computer, selling software to make the new machine There are some good bargains do something productive held out right now on mortgages, finance real chances of quick millions for professor Lewis Mandell of the people with a marketable idea and University of Connecticut told the the right help. Manchester Board of Realtors There’s still plenty of money to Shultz vows » ■ . : ■) be made in the market , but the kind Friday. of help needed to make it really big Mandell said, " I f anyone is now usually involves people with dumb enough to be lending money marketing savvy and very deep at a fixed rate — grab it,’’’ as he pockets. predicted that conventional mort best effort " f thiqk the days of the overnight gage rates will not be going down. ■ millionaire are over." said Camilo Variable mortgage rates, how Wilson, president of Lifetree Soft ever, may drop some, he said. ware. “ It takes a lot more Herald photo by Tarquinlo "Many lenders are letting mo \ resources, a lot of money and meeting Friday were (from 1^ ) Robert seasoned people.” Jeffrey Keith (second from right) ney go too easily," especially on Murdock, secretary-treasurer, Franks for new talks The business, widely considered accepts the gavel as new president of the local level. Mandell said. He to be on its way to a fallout, has put the Manchester Board of Realtors from J.T. Strano, first vice president and recommended various categories literally hundreds of word process of mortgages for different types of said he had "no illusions" the task outgoing president Edmund Jr Gorman. Michael W. Crockett, second -vice By John A. Callcott ing software products On the president. home buyers. United Press International would be easy. market. Spreadsheet programs Other officers installed at a luncheon For first-time home buyers, he., LEWIS MANDELL While the chief U.S. aim is to and intergrated business software suggested variable rate mort . grab the money GENEVA, Switzerland — Secre resume talks on reducing strategic 5 packages that can cost $500 or tary of State George Shiiltz and long-range weapons and medium- 7 gages. For people with children more are plentiful as well. previously estimated, he said. It is going to co^ege, he recommended Soviet Foreign Minister Andrei range missiles, Gromyko on his “ There hasn't been the breadth expected to hit $225 billipn in fiscal Gromyko met for 3'A hours today Realtors install Keith equity-based mortgages. arrival repeated Soviet demands of success a lot of people had hoped year 1986, which begins Oct. 1. in the first session of negotiations the talks must cover both offensive He said it would be a good year for. The stakes are much higher The Manchester Board of Realtors and the State directors are Anthony J. Wasilefsky, This surge in the deficit is to set up new arms control talks. nuclear arms and space weapons. now than they used to be." said for pre-retirement age people to Manchester Multiple Listing Service Corp. in Edmund J. Gorman and Susan H. Chaloux. attributed to a slowdown in eco “ There was no joviality but there Moscow is demanding a ban on Janice Antonellio of International sell their homes because the stalled G. Jeffrey Keith as president at a luncheon nomic growth and slow tax collec also was no tension." said ob the Reagan administration’s Stra Data Corp.. a market research long-term interest rates are likely servers, who described the first meeting Friday at the Manchester Country Club. Committee chairmen installed were: Norma tions. Mandell said. tegic Defense Initiative, or "Star firm in Framingham. Mass. Tedford, membership: Strano, education: Lom to go up next year. session as "very businesslike." Wars" space-bqsed anti-missile One of the reasons the stakes are Several other officers are directors also were “ The big question on the deficit bardo, grievance; Reale, professional standards; Retired people should invest in Shultz drove immediately to the system, but President Reagan has much higher is because some installed. is the willingness of the adminis Blanchard, equal opportunity in housing; Nicholas long-term bonds or certificates of U.S. diplomatic mission up the rejected in advance the Soviet call companies are pumping a lot of The other new officerJ are Frank J.T. Strano, tration to compromise on defense LaPenta, Multiple Listing Service: Joyce Epstein, deposit, he said. road from the Soviet mission for a moratorium on space money into marketing and heavier first vice president: M ^ a e l W. Crockett, second spending," Mandell said. If the communications; Herman Frechette, Realtor' Mandell suggested that a good where the first meeting took place, weapons. advertising aimed at a broader vice president and Robert D. Murdock, secretary- administration remains adamant, presumably to report to President political action: Crockett, political affairs; Nancy base for predicting interest rates is Two meetings between Gromyko base. Some successful marketing treasurer. ) Reagan on the morning session. von Hollen, convention: Keith, house; Murdock, he said, "1986 could look very and Shultz are scheduled today. efforts spawned others, but the New directors are Robert F. Blanchard, Daniel the Treasury instrument listing in Shultz told reporters during his personnel and finance: Crockett, legislative: and scary.” The session at the Soviet diplo risk has made some companies F. Reale, Gerald P. Rothman. Norma P. Tedford, the daily newspaper. flight from Washington to Geneva Rosemary Jackson, Christmas party. Economists use two types of matic mission was to be followed more cautious too. Antonellio said. Robert I. Wolverlon and Jo.seph S. Lombardo. Sunday that he would be reporting variables to make their predic by another meeting at the U.S. "People began to jump in with As far as the overall economic directly to the president. mission on the Avenue de la Paix. me-too products and me-too picture for 1985, Mandell predicted tions, Mandell explained. The The first of three scheduled budgets and me-too approaches to D’Addarlo buys building a 'Yelatively blah year.” H esaida internal variables are logically sessions took place at a rectangu ANOTHER SESSION WAS SET the introduction of prodocts." she Business couple of months ago “ it was correct and based on large-scale lar polished wood table in the BRIDGEPORT — Entrepreneqr F. Francis for Tuesday and provisions were said. looking pretty bad,'' but he said the computer models. dining room of the Soviet mission D'Addurio has purchased the largest building in made for a fourth meeting if Lotus Development Corp. in The policy variables are outside to the U.N. European headquar In Brief the Bridgeport Brass complex from the Knights situation has turned around to a necessary. Cambridge. Mass., was perhaps UPI photo ters in Geneva. The two sides first of Columbus for $1.25 million. more even keel. the model and due to things which Gromyko called for interrelated J the most prominent example that met in an anteroom under a large J "The biggest single question cannot be anticipated. “ The major Soviet Foreign Minister Andrei Gromyko (left) and U.S. at the.Soviet Mission to the U.N. in Geneva, Switzerland, negotiations both to ban weapons spending big money on marketing Petrone joins law firm The quarter-mile-long building' on North ' picture of Soviet President Kon affecting the entire economic policy variable right now, of prior to today's opening session of arms talks. in space and to achieve “ radical can pay off overwhelmingly. Washington Avenue houses a huge Schloemann Secretary of State George Shultz exchange pleasantries stantin Chernenko. Lotus, a flashy marketer from Attorney Peter J. Petrone of Manchester has extrusion press, the largest machine of its kind in picture for 1985-86 is the (federal) course, is the political variable — reductions" of nuclear arms. been named a partner in the East Hartford law nobody k n ^ s what's going to "The Soviet Union.” said Gro the start, went into business in 1982 the United States. deficit," Mandell said. The deficit THE SECOND SESSION was firm of Serignese. myko, "is in favor of working out with $5 million in venture capital. is growing more rapidly than happen." scheduled for this afternoon at the Soranno and Col An Oklahonra company plans to start a factory basic guidelines to orient the Its first product, a superior busi U.S. mission with Shultz hosting a ness software package called 1-2-3. lins. The firm will in part of the building this spring to manufacture Court to hear interstate banking case negotiations'toward reaching mut reception later for Gromyko and came out in January 1983 and the now be known us parts on the press. ually acceptable accords which Serignese. Soranno. the other Soviet delegates. A third would prevent an arms race in company sold $53 million worth by D’Addurio said Thursday that another firmhus Senior executives Bv Elizabeth Olson loophole in federal law that allows panies only if they are located in mergers, noting "Congress can and final meeting is set for A Collins and Petrone. outer space and, at the same time, the end of the year.