__________ �--------------�----��-------- � � � ��� •• �13�,I
13
YOUR FINANCES
Gordy S.ys
MGM/UA :. purcha
e·
asti 9 yo r mo ey - cu down
\ . on your utility bills!! .
Maki a conscious effort to 4) Set your thermostat down working condition for maximurp
pay atte� to small details in at night. You can always put on effectiven . This also ma es It
your ever; day use of utilities another blanket and save the safer for inhabitants.
can really add up 10 big savings heat fo when you are awake 11) Draining one gallon of
on mbnthlY bills. The following and using the house. water out of the boiler each year
is a list of some easy (and some- 5) Fix leaky faucets IM- helps remove scale and sedi­
timescommonsense)things�u MEDIATELY. Sixty drops of ment that has �ccum�lated
can do to rut down on expenswe wa er a minute can waste 200 or 12) Use an in ulating blanket
utility bills and make efficient more gallons of water per around hot water heaters. This
use of the utilities that you usc. month! pre nts heal I from the tank
: 1) Ayoid heating �e ��tside 6) Keep light bulbs clean. and helps av SS.
in the wmter and c:oolingtt mthe Dirty bulbs can lessen their ef- 13) Use window shades,
su .by � .aU. aacb fectiveness and cause you to sue venetian blinds and drapes to
and crevices �ound wmdows, more lights. help reduce heat coming in
doo� etc. ThIS can be done �f- 7) Ifjou're choosiagbetween during the summer and escap­
fectively and chea�ly � usmg a quick shower or a quic bath, ing in the winter.
caulk, weatherstnppmg a.nd pick the shower. A five minute 14) Investigate the use of
other types of filler �atenal shower uses. only about 50% of using solar energy to heat your
Door sweeps �n the bottom. of the water as that in a bath. home. There are varius devices,
the doors leading to the outside 8) Watch constantly opening from inexpensive do-it-y urself
are also a great way to. assure refrigerat r and oven doors. to expensive, that can be in­
that you are �)Dly. parmg for This lets the coolness escape or stalled so �at you can utilize the
heating/cooling ins ide the enter,pluscauseslhe applian- sun's energy and save on your
house. . ,res to use more electricity to bills! Bookstores and public
. 2) Put. up plastic on the out- .maintain their temperature. libraries are a great source for
Side of�dows to rut down on 9) Change the filter on reading up on solar energy
h�at/coolmg loss through the central air units every six products.
wmdow. . months (start of the season). 15) Please use caution. If you
.3)· Keep the radiator clean. This keeps the interior f the h ve gas heat, care must be ex­
Dirt absorbs heat and thus ruts furnace clean and more effi- ercised not t monoxide. A
d(JWD on the effectiveness of cient . ho must n t be t tight
your radiator and �uses you to 10) Tune up your nun ace. HERE'S TO LOWER
run the .heat higher and longer. Keep it in maximum, good UTILITY BILLSII 1\ .
Call NOWII - 83-8777
Suite 2205 C dill c Tower Bui�ng I I
Detroit, Michipn 48226 . I I
� ru_�_IT_A_�_CH_.P_�_�.� .. !.,_,_�, e Ip�mmt�s�moo, .
minorities transpo n epre eurs
BenyGordy
r GMJUA: Berry Gordy,
just may use the $61 million he
netted in his sale of MotoWJl
Records to MCA, to purchase
MG M/UA. According t in­
siders talks have taken place
d there are e en reports of a
proposal being made. If a deal
w re to go through, Gordy
uld become the first black to
run a major studio. A $400 mil­
lion deal to buy the company fell
through in July. MGM'� current
chairman is now restructuring
the company in hopes of limiting
anr necessary sal to some frac­
tion of the company's assets.
MIC:bae1 J 0 i
t - . d e te . Last
month, Forbes revealed it's an­
nual listing of the country's
highest-paid entertainers and
superstar Michael Jackson
nabbed the number one spot
withe his two-year (87..s8) total
of $97 million, Bill Cosby placed
se nd with S95 million. Round­
ing out the top ten were Eddie
Murphy and position five with
$62 million: and Mike Tyson
(the youngest on the list) at
number eight, with S58 million.
Other Blacks who ranked in the
top 40 listing were Oprah
Winfrey (No. 14) with $37 mil­
lion; Whitney Houston ( 0.11)
< 197 > S30 million; Sugar Ray
Leonard ( o. 21) < 197> -$27
million; Tina Turner ( 0.24) at
$25 million; Psiace (No. 29)-­
$24 million; and Mich el Spinks
By
Lisa
I Collins
(No,38) at S17 million.
aria Gibb ig t a
It t had sh not been
'reeducating the community to
invest in ltseir, with her Marla's
Memory Lane nitery in Los An­
geles. "I've never gotten to the
point wher.e I could be inde­
pendently wealthy. I could have
been but this was more impor.­
tant to me," said Gibbs of pur­
chasing the run-down Memory
Lane nightclub in 1981. At one
time, the club dre the likes of
Dinah Washington and Nat
King Cole. It was the first place
she set foot in after coming to
California. At first Gibbs didn't
get any respect, neinity who
classified her as "the actress
over there playing dub owner",
"What did they know, - she said,
-was that owning a club keeps
your nose dead to the ground,
and at so e . t i was costiDg
me S50,OOO a month. I had to
keep borrowing just to stay in
business." Today, seven years
later the community is begin­
ning to show its appreciation of
Gibbs' dream with its
I .
. J. LYNCH I
& ASSOCIATES
Insurance Planners and Business Consultant
We provide prompt professional service
* Marketing * Endowment Funding
* Sales Assistance * Financial Plans
* Retirement Planning * Employee Benefits
I
•
patronage. MoreoYer the club's
40's ambience se a draw·:'
ing card to the film community
which boo ed the chib for
COblmercial, film, music video
, shoots. But Gibbs still has a long
way to go. She's only now begin­
ning to break even.Supreme
Court to decide fate of Rich­
mond set-aside program:
Last wee , the Supreme
Court began hearing arguments
over a minority set-aside
prowam in Richmo-nd, Virginia
that equired city contractors to
awar thirty percent of their
sub tracts to majority-owned
busin sses. White contractors
By S rIey Reed­
NNPA Sill/! Writer
WASHINGTON, DC
With the help of a S195,000
federal grant, the National
Council of Negro Women, Inc.
(NCNW) h implemented 'a
new program to provide .
matioa and OOIltractiDg oppor­
tunities to women and
minorities interested· doiag
busi ·tb tr· cie&.
The oae-year grant, ded
t March by the Urbaa
Tr poc1atioa . •
have charged reverse dis­
crimination, The program was
iftstituted after a study showed
that less that one percent of
such contracts went to minority­
owned business. Similar
programs in 36 states could be
affected by the outcome.
S
Family Savings and Loan
Assn. has appointed William E.
Shearer as chairman. hearer,
president and chief executive of
East West Broadcasting owns
and serves as general manager
of KGFj-AM in Los Angeles.
(UMTA),ofth Department of
Transportation, was applied to
NCNW's Minority Women's
Transit Entrepreneur Program.
Over the next year, NCNW
will hold a series of training
workshops and seminars
nationwide to inform 'NOIDCD
and minorities about contract i
ing opportunities in the
kansportatioo field. In dditioa
to helpibl women and
min .. es � in bUSm· cas.
the program would direct . -
clivi Sw·· about becom-
The position becam open in
May when former chairman and
CEO Oliver Trigg was pressed
to resign amidst a regulatory in­
vestigation of questionable loan
practices.
Arizona - be t state for
mall b i
Inc. Magazine recently
released its annual report on the
best slates for malJ busin ss,
and the top ten are- a foil ws:
Arizona, New Hampshire,
Maryland, Florida, Virginia,
Georgia, Delaware, Nevada,
California and Tennessee.
Next week: [uuJ out the mo t
common mistoke Blacks make
when �ing into business.
ing transit entrepreneurs to
resources that would help them
obtain technical advice, locate
financial assistance or prepare a
business plan, said Fannie M.
Munlin, the progra manager.
Enrollment details can be
obtained from Fannie M. Mun­
lin, prograrp manager, NCNWt
m United Nations Plaza, ew
york, NY 10017 (212) 687-5870.
The Minority Women's Tr it
Entrepreneur Program is ad­
ministered out of the New Yort
office.
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