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Show Page A10 - THE DAILY HERALD, Provo, Utah, Sunday, October 30, 1994 Mortgage review may provide relief Galaxy "It has been estimated that near- of all Adjustable Rate Mortgages (ARM's) contain overcharges," says Douglas Berrett, President of Loan Consultants International. "While the average overcharge on these loans is some are much higher, up to tens of thousands of dollars in some cases." Although ARM's have been ly one-ha- lf $1,-58- 8, around since the 40s they did not become popular until the early 80s. When interest rates in the 80s soared up into the teens, many people would not have been able to afford a house had it not been for the lower interest rate of the ARM loan. "Overall, ARM loans have been very good for the consumer," says Berrett. "The errors resulting in overcharges are not in- tentional. These loans are very complex in nature, and adjusting (Continued from Page A9) popular beverage in the United States after soft drinks, according to the National Coffee Association. ta is about 1.8 coffee consumption cups per day. Still that's lower than in 1962, when about 75 percent of Americans were consuming 3.1 cups daily. And most of it is still the regular brew. But it's the drinks and their promise of hefty profits that have encouraged coffee-minded entrepreneurs. The Speciality Coffee Association estimates cafes average $300,-00- 0 per year in sales, espresso bars SI 50,00 and espresso carts Sales will reach $1.5 billion $75,-00- 0. annually by 1999. Costs, even with the higher price of beans, are relatively low. A pound of specialty coffee that averages $6 at the wholesale level yields between 50 and 60 cups. In New York, the New School and The Learning Annex, centers for continuing education, offer cialty Coffee Association and others also offer seminars. Starbucks Coffee Co., the Seattle-based chain considered to have initiated the java boom, has grown from four coffee bars in 1983 to 420 cr r stores nationwide. Within four years, 100 more are planned in New York City .ny-own- ed alone, said chairman Howard Schultz. Starbucks currently serves over 2 million mugs of joe a week, said man. Schultz, a Borders Books & Music now has 57 espresso bars in stores in 32 states. Fifty opened in the last two years alone, said Dan Conetta, the Ann Arbor, Mich. based company's vice president for marketing. The ii.rreased competition is actually good for business, Schultz said. "It can help to educate the -- consumer." In other words, once you've tasted the real thing, there's no going back to your old cup of java. Some of the attraction is physical. Caffeine is a central nervous system stimulant that increases feelings of energy, alertness and general according to Roland Griffiths, a Johns Hopkins Medical School professor. well-bein- g, merchandise. Some are independents, while others are chains. of Tony Bianchi, TREATS: Halloween Adventure in the East Village in Manhattan (you couldn't find a better location, given the (Continued from Page A9) Adults tend to lean toward vampires, witches and French maids. "It's obviously fantasy," Cohen said. It's also mood, biorhythms and bad hair days. "I'm convinced if you got to the store and you've had a good day, you want to be one thing and if you've had a bad day, you want to besomethingel.se." Of course, there are also people who just want to look disgusting, often at any price. For them, Everything Halloween, a store at Willowbrook Mall in Wayne, N J , offers the coup de gruesome-nesThe Predator mask, a $260 mass of horns, teeth, warts and . any time an interest rate adjustment occurs on a loan, the majority of mistakes occur after a loan is sold to, and serviced by another company. When all the data from one company and computer system are transferred to another company and a different computer system, overcharges crop up with alarming frequency. "Don't think that the problem stops with ARM loans either," and says Berrett. "Seventy-fou- r seven-tenth- s percent of home equity and 42.3 percent of commercial loans that are adjustable rate contain overcharges, with an average courses on how to start a coffee bar. On the West Coast, the Spe- COFFEE: Per-capi- their interest rate correctly is not an easy task. There are over 80 variables in any given ARM, and therefore over 85 different ways the interest rate can be adjusted incorrectly." Although mistakes can occur s, . lesions. At a store in Manhattan, there was no clear-cu- t winner in the gross contest. A rubber pizza with eyeballs and other body parts and a mask with an excessively runny nose provided tough competition for a bloody rubber rat caught in a trap. FLY BY NIGHT Halloween is a big cash machine t, for discount stores like or specialty retailers like Party City, which has 100 stores across the country. They make a lot of money from costumes, candy and decorations before moving on to the next season, Christmas. But for hundreds of entrepreneurs, Halloween is a time to make quick money and vanish into the night. They own or manage temporary stores selling only Halloween Wal-Mar- rrJ neighborhood's strange denizens and Greenwich Village Halloween parade), designs displays for stores and companies most of the year. At the end of August, he turns into a retailer, selling masks, costumes and garish props. A veteran of the busi-- n Bianchi knows his stuff and ss, customers. "Blood is always pop10-ye- ar ular," he said, speaking to a re- 1 1 1 1 By ROBB HICKEN Business Editor k Daily Herald The concept and the look makes this new concept appear to come from another Galaxy. The aging population has taken a turn for the nostalgia, and restaurants make a turn back some 40 and bee-boyears, to a time of hip-ho- p nanced your loan within the past six years, you are still eligible to obtain a refund of all past overcharges. While the Cranston-Gon-zalNational Affordable Housing Act of 1990 gives the consumer the right to obtain a refund of any overcharges in a timely manner, in the rare event that you have been undercharged, federal law states that you are only responsible for what you have been asked to pay. " Loan Consultants International (LCI) analyzes all types of adjustable rate loans and escrow accounts. LCI is part of a network of affiliated consultants throughout the United States. If an overcharge is found, LCI will work with the lender to help the client obtain a refund and to correct any mistake in their loan. Because LCI only accepts those clients that are at risk of being overcharged, LCI offers a guarantee on most of the loans that they analyze. If no overchage is found in the clients loan, the client ends up paying nothing. This guarantee ensures clients that they have nothing to lose by having their loan analyzed. es fit lOi p. Brad Homan, director of new concepts for the family restaurant chain JB's, said the idea of diners has been a creeping thing that has come across the United States. "We're looking, as a country, back to that old mom 'n pop roadside diner that had great food," he said. "When I think of the old 50s-sty- le diner, I think of something that you'd find on Route 66. " JB's Restaurants is not the only e chain that has jumped on the diner-styl- appeal. Homan said there are others who have brought changes to the business. Neon lights, a loud and bouncy jukebox and food (and lots of it) are what people expect from a diner. Homan said JB's has converted two of its diners and is in the process of converting two others. The conversion includes the complete stripping of the interior and the restorawhich includes tion to another era a soda fountain, a bar and small circular tables and booths. JB's has labeled these conversions as the Galaxy Diner. "It's the type of lunch counter that you used to find in the old places like Montgomery Wards," Homan said. The decor in the Galaxy Diner on Dallas may get contract on new airliner - DALLAS (AP) McDonnell Douglas officials are expected to University Parkway features pic- tures of 50s celebrities, including sports stars from Brigham Young University. "People are looking for an experience and value when they go out to eat," said Don McComas, president of JB's. "They want to be enter- - announce early next week their newest passenger jet will be assembled at Dalfort Aviation's facilities at Love Field in Dallas, according to a published report. Salt Lake City, where McDonnell Douglas already has a plant, and the Long Beach, Calif., headquarters of Douglas Aircraft, McDonnell Douglas' commercial division, also had been seeking the work The Dallas Morning News reported in a copyright story today that people familiar with the plan say the assembly facility will even- - The WASHINGTON (AP) Federal Trade Commission wants to block the sale of American Tobacco Co. to a British company as The commission says the sale could cause the price of cigarettes to go up. The FTC said selling American Tobacco, maker of Pall Mall, Lucky Strike and other cigarette brands, would remove one of six' major cigarette makers from the highly concentrated U.S. market, workers. McDonnell Douglas has not made a final decision to build the jet, but company officials have indicated that they are likely to obtain the needed number of orders from airlines by early next year, according to the report. Sources told the newspaper that Dalfort's facilities would be expanded to assemble the 100-seMD-9which would be delivered to airlines starting in 1998. WWWWfimn thus eliminating competition 5, iim' n Herald PhotoJason Olson Galaxy Diner in Provo has a new look to it and a revised vision of future growth. "When we opened up in Provo, better-we did quite frankly than we expected," said Homan. "We found that it suited all ages." tained, and we believe the Galaxy Diner will provide this type of dining occasion." Galaxy Diner in Provo opened in July of this year, and McComas said that this has been "one of the most successful things we've done in a long time. The concept is good, but the food is wonderful . ' ' breakfast, lunch and dinner, plus special menues for, kids. The entree names reflect the fun and 50s personality built into the "For some reason the place holds a special fascination for kids," he said. "I'm not sure why. It's bright. It's glitzy. It's shining. It's kind of like a new toy , I guess. " firms will work together to set prices, a violation of federal anti- file a complaint seeking a temporary restraining order and preliminary injunction in U.S. District Court for the Southern District of New York in New York City . The FTC also will ask the court to postpone the sale until the end of an administrative trial and any appeals. trust laws, the agency said. B.A.T. already owns Brown & Williamson Tobacco Corp. of Louisville, Ky., maker of Kool brand cigarettes. American Tobacco is based in Stamford, Conn. voted The commission 3-- 0 to DOES YOUR COMPUTER 1711 T1171 1V VXAIflJAH1 be- I XX-aVili- v - tenders. These are great. " The merchandise ranges from more innocent children's costumes (princesses, pumpkins, clowns) to salacious adult outfits (flapper dresses and French maid outfits for A Haircut Special both sexes). This is not Bloomingdale's. Employees there don't wear rubber rats on their hats or holler across the sales floor, "Tony, what hap'' pened to Carmen M iranda? THE PUMPKIN THAT ATE CHICAGO The grinning jack o'lantern sitting in your living room window is kid stuff compared to the monster Nathan and Paula Zehr turned out. won the 1994 Their QVEGDN 1 4T Intel 486 DX266 Mini - Tower SALON 4k. On Men's & 8MB RAM 420MB Hard Drive Women's Women Reg. 16 No IMen Reg. 12 Now 3.5" Floppy Drive .28 SVGA Monitor DOS 6.22 Windows 3.11 13 9 Wed. & Fri. Mornings 8 a.m. to 11 a.m. 669 E. 800 N., PROVO 374-660- 6 374-660- 6 Lotus Lotus Ami Pro Lotus Fleelance Lotus Organizer Lotus Approach Free Parking Across the Street Cai ::!:5l!ejBli:l e PO Motherboard a Pa Controller PCI Motherboard 8MB RAM 1.44 Floppy 640MB Hard Drlva West: 200 West space required it a The site si?e desired is approximately 3 40 to 4 00 acres of land. Existing building of 20.150 net interior square feet Lease term to be for a basic term of fifteen years Existing space offered must be ACCESSIBLE TO THE HANDICAPPED AT TIME OF OCCU- Bring In This Coupon For a 14" Color Monitor, .28 Caea 0 ft N- -l m 486SX250 MultiMedia 256K Cache Local Bus Motherboard Controller a 4MB RAM e 1.44 Floppy a 420MB Hard Drive 1MB Local But Video 14" Color Monitor, .28 18 Brt Double Spin Sound Card, Speaker, Microphone, 7 CD Tmea Bench Fee! i t 2 BOMB Hard Drive 1MB Local But Video 14" Color Monitor, .39 I Repair-Servic- e 486DX2-6- 6 Local But Motherboard 4MB RAM 1.44 Floppy The Postal Service is looking for parties interested in offering land or in leasing an existing 84057-999building to serve as the South Station in Orem, Utah The preferred area la: East: 800 Eaat South: 1500 South N- -l m cache a 1.44 Floppy a 720MB Hard Drive a 2MB PO Video 1MB PCI Video POSTAL SERVICE $1499.00 See Dealer lor Details 8MB RAM 14" Color Monitor, .28 Ca Graphics Intel Pentium 90 with 512K Intel Pentium 60 UNITED STATES '4 Microsoft Mouse 799-pound- er World Pumpkin Weigh-Of- f sponsored by the International Pumpkin Association, a group devoted to what it calls the sport of pumpkin growing. Video 1MB VLB HAIRCUTS I ICS Computers JExpJresl 1149 PANCY Interested parties offering existing space may submit offers via a letler proposal Interested parties submitting offers lor land aie requested to submit on US Postal Service Assignable Option to Purchase Information con address listed Ng TpEl solicitation packages should be directed to Frank Weber at the Frank E. Water, Protect Manager United Bute Poetal Service 8055 E. Tufts Ave. 400 Denver, CO S0237-22a- i Telephone: (303) 220454S wJeN our boot at Come Utah Computer end' BuolneM Show. Pickup wmt aemHolon acta at any "C Innovation location, MURRAY KM HOI) MX P. Mon-F- Store Hours: 7 Sat 10-- 6 fU M6 W 1230 INTEGRATED COMPUTER SYSTEMS asrft MM mIK1) VWtt m not) iioi) timn t01 iw-u- 1101) DECKER 4' 11011 novo OQOEN 4071 9-- rl tawwvui 1771 Offers mailed or hand delivered should be received at the address above before 3 00 PM, November 28. 1994 lab LAW H27UJOCW. c o MOD m p u t r R s m itoii trt-ii- Corporal (B01) I I Mm 373-290- 1 . r concept. Early Bird lar items, he pointed and said, VERY popular." "Hand cuffs he Nearby pointed to some rubber novelties: "These are tongue ex- ' ers all meals porter while he hung black and red feather boas on racks. Passing a stand with leather whips and simi- ' And appropriately the menu cov-- . ' Employee uniforms also reflect the period with red and white bowling shirts on the servers, poodle skirts on the hostesses and checkered pants and paper hats on the soda jerks. tween it and the other companies. The SI billion sale to B.A.T. Industries PLC could also increase the likelihood that the remaining at juiiaww&MWinn. to block American tobacco purchase FTC tually employ more than 3,000 THE UNITED STATES POSTAL SERVICE NEEDS LANDOR EXISTING SPACE TO SERVE AS THE SOUTH STATION IN OREM, UT 84057-999- 8 North: 1000 South concept takes off overcharge of $ , 50 and $ 9, 72 respectively." "If you have had any one of these types of loans for more than three years, and if your loan has been sold during the time you've had it, then you are in a high-rissituation," says Berrett. "In Utah, even if you have paid off or refi- 22S6 N. Unlvwtrty Plcwy., 39 Provo, UT U604 (Ml) tax (601) 373-290- 1 373-298- 6 , |