fr
branc
o
se .aslde
I .
TIle '. OffiOe of the entrepreneurial opportunities Hooks, Executive Director of
NAACP has instructed some. for B cks and other minorities, the NAACP, said
190 of' bran. . located. in may be endangered. 'However, we believe a num­
a whece DUIl� set-ass "There is no doubt in my ber of these programs can stand
p.rogram ar� ID effect, to mind that opponets of minority judicial scrutiny, and the
stre�ously rCSISt y effort to set-asi are overjoyed by the primary danger they face is tha
cur� or �d um programs, ,decision arid are already plo - elected officia may ave in to
�� m th� . �oes �re ex- ting their strategy .to kill these pressure, take the easy way ouut
�tmg legislation � found to be programs," Dr. Benjamin L. and decide to do away with
inadequate, to propose new' them. "
legislation b d on a model Set Aside "The court ruling damag-
developed by the Asociation's ing, but no neccessarily fatal
Legal Department Co ere ce We have to be creative and
The action by tJae NAACP is I d develop strategies for dealing
in response to t e recent pane with what has come to pass," Dr.
Supreme Court ruling in the Former Congressman Parren Hooks said
City of Richmond v. Croson J. Mitchell will be the eynote "We are calling on our
case in which the court held that branches to use their resources
a state or municipality or politi- speaker at the Set Aside Con- to make certain elected officials
ference.
cal subdivision cannot establish The conference will be stand by minority set side
a minority set-aside program presented by New Detroit, Inc, program and do no yield to
without first making specific fin- on Monday, April 24 at 8 a.m in panic or intimidation. Where
deings of discrimination within the Riverfront Room at Cobo legislation, given the Court's
that particular state or com- Center. The subject to be dis- new standards, is deemed to be
munity. . cussed is, "Set Asides ... Where defective that new legis I tion
As I a consequence of the Do We Go From Here?" should immediately be intro-
Court decision, a growing con- duoed," he added.
had d 1.-,,4 th .. The Panel Moderator will be The NAAC 's efforts to
cern eve o� at exisnng Richard . White, partner,
minority set-aside programs, Lewis, Whi e &. Clay. preserve mino ity et-asides
which have proven' to be ex- The Panelists are State Rep. began immedi tely after the
tremely effective in opening up Morris W. Hood, Jr. (0- Supreme C rt ruling on,
Detroit), State Sen. David S. January 23rd when Dr. H<><:>
Holmes, Jr. (0-0 troit), called and emergency meetmg
LieutelUlDt�r w. of AAC.P attorneys t the At­
Griffiths, City of Detroit Finance la ta Airport on Sunday,
Director Bdla and As- Febru�ry 5t�,. to an lyze the
sistant Wayne County Eiealtive Court decision and reco.m­
Melvin J. Ho Il . mend a futur� <:<>ur of cnon
The Forum Co-sponsors are for th� Association.
w Detroit, Inc. Minority Busi- . ThIS. foUow� by a full
D Development Committee, discussion on the ue at the
\ Booker T. W . 0 Business February 10th meeting of the
Associ tion, The Michigan National Board of Directors,
Department of Commerce, and and the subsequent' uance of
The Minority Bu ine Com- instructions to the branches, Dr.
munity. Hooks said.
nve
3) educaltlOD..
d 't b
,Q ,
A. It is very wise for you to .------'Ii
CO ider your child', education-
al needs no t ge 3 with een
years to save instead of last
minute planning at e 18. Firs
obtain social security number
for your child Secondly, mo
b nks nd savings-Io ns will
open a CD for a little as
$500.00. If you do 'ot have that
mu start with a passbook ac­
count and build up to it Thi d­
Iy, for tax purposes, you Will
ant to register the aceo nt
under the Uniform Gif to
MIlas Act (UGMA). The first
Sl,OOO.OO,of intere t ill be
acdded toward your child'
cia. security number. The
second Sl,OOO�OO will b
credited towards the parent's
social security number. ,
you m remember that mo ey
put in a UGMA count for ur
child has r . cti 0 how
parent can u e it or fa e
penalities. The m ey once .
t e ceo can 0 y for
the child . is used for another
must be for the
e such clothing.
I .. D. If you
UGMA account,
perhaps a j t account under
the par nt's ocial security num­
ber will do. I
Joseph D.
Phoenix Jr.
y! D. Tompki ''', I·
walilkee, WI. .
A. Mutual funds are noted
for the e se of deposits and
withdrawls. Firs you must
review your goals, 0 you want
to invest for a 10 g or short
period of time? If only for a
ort period of time then mutuai
funds loan or no-load are not for
.. . ,
you. utual funds are medium
. (3 years) to long term' (7 years)
investments. For a short term in­
vestment a money market ac­
count with an investment com­
pany or a local bank would be
appropriate for you. Money
market funds have no fees, free
check writing, and market r tes
of interest.
Joseph D. Phoenix,· Jr. is a
registered representative with the
invutment fum of Phoenix and
Associates. 312/ 842-3067, P.O.
Box 496-442, Oaicago, 11160649.
. DID YOU OW ... tliat
this wee ' favorite quote is'''A
sucee ful person is one who
lays a firm foundatio with the
bri that othen thro at him. •
Th ,.'s a place where you canbJ
MAKE A DIFFERE CE
EHI D THE HEADLI 'ES
. , , .
I • _ .