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BUSINESS FINANCE
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it for pp oval to th mortg g und r­
write. Once approved, your :"
coun 1 r' job i don .
You will now d ling ith "
anotb r office and n w t of per- r
nnel who will complete tb I t OJ
ph 0 your transaction,
However, a few day befor th
h duled c1 ing, m et witb tbe cl -
eek' . u ,1 t uch d
on mint ining tr n ction fll . 1111
i tbe file in wbicb you bould keep
all documen and information p r­
taining to your home purcha .
Thi file' important personal
infOrmation, nd som of it' data will
In ddition, tbe d veloper m t
publi h at le t 97 dverti men in
oece.
Now in the e rly 19 0 ,
America' compani ,uch the
Fortune 5005, are employin mul­
tiple strategi for integrating II of
their job ran nd African Ameri­
cans, who are unemployed nd un:
deremployed, hould move to seize
the moment while the window of
opportunity is open.
Youn t success-oriented 8la
men nd women should test the open
window of the Prudenti I Insurance
Company of America' Man ging
Diversity Program. An aggressive
effort to attract more women and
minorities to its 25,OOO-person les
force, the Prudential' program w
developed in response to the Hudson
Study and the internal leadership of
its Black Vice President, Booker
Rice. The Pru wants its les force to
mirror the Hudson figures and en­
hance its Managing Diversity objec­
tives by utilizing a pecial Agent
Career Path Program developed by
Mr. Rice and his Executive Level
staff.
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wo
n
wor
.. .-,
Office of Women and Work, di -
agrees.
"All of the money that affected
women individuals is gone, witb
tbe exception of the dome tic vio­
lence program," he said. "That' wby
I say tbat what tbey (the Engler ad­
ministration) say and what tbey do
are two different things."
Curran said tbat the difference
between tbe Office of Women and
Work and tbe Michigan Department
of Civil Rights is like the difference
between a counseling center and a
police department.
"When you think a crime may
have been committed again t you,
'you don't go down to the police sta­
tion and discuss what constitutes a
crime," he said. "They're not an in­
formation source about laws. The
Michigan Department of Civil Right
a lot like the cops."
LAURA BLAKE
gan Department of Civil Right .
Horn aid tbat the Office of
Women and Wor wa 8 body that
tudied women' issues and tbat tbe
Women' Commi ion-now part of
tbe Department of Civil Rights -
would take over many of those duties.
"The Office of Women and Wor
n ver had enforcement power," be
said. "If you had a complaint, you
were uppo d to come ber in the first
place."
But those who upport the return
of the Office of Women and Work
id that both the Department of La­
bor and the Department of Civil Rights
are too overburdened and understaffed
to handle the add It ional workload cre­
ated by the elimination of the office.
"If you look at the civil right
department. WIth the budget cuts, they
are unable to handle their current
number of Complaints." said a mem­
ber of the House Speaker' staff.
tal News Service
LANSING - The Thoma -Hill
battle may be over. but women's 15-
u are till a ubject of beated de­
bate in Michigan.
The Hou Labor Committee re­
cently beld a public bearing in De­
troit to hear t timony regarding tbe
rein tatementoftbeOfficeofWomen
and Work-formerly part of the Michi­
gan Department of Labor.
Sixteen people, men and women,
testified about the variou function
of the office. It wa the olde t office
in the country that dealt exclusively
with the concern of working women.
Funds to run the Office of Women
and Work were cut by Gov. John
Engler in October.
Hou Labor Committee Demo­
crat ,wbile deeply disappointed over
tbe 10 of the office, are not holding
out much hope on the chance that
Gov. Engler might reconsider his
decision.
I,rl
If'
be useful when filing your tate and
federal income tax forms,
ing attorney' secretary to make sure
that tbe documentation required for 'I
your closing has been received. verify ..
tbat the chedule of costs charged to ..
you i correct, and find out what i the
exact amount of money that you ...
sbould bring to the clo ing table. "
At the closing, three eparate I
event will take place.
First, you will be a ked for the
remainder of your down payment a.nd 'J
closing costs. Most clo ing require vI
that the buyer present the e fund in
tbe form of a ca hier's check.
Next, your loan will be clo ed.
and finally, the sale will be closed.
THESE ARE SOME item you
hould include in your file.
- copy of your offer to purcha e/
contract,
- copy of the lender'estimate of
costs and completion date that each
pre-settlement activity was completed
- copies of all loan and sale
documents,
-:- all written correspondence
- summary notes of conversa-
tions witb seller, the real estate agent,
the loan counselor, and others in­
volved in the transaction
- copies of the appraisal, tbe
"termite" letter, the survey, and the
closing statement
- originals of the deed,
homeowners' and title insurance poli­
cies, and
-all papers and documents given
to your by closing attorney.
Now, we shall go into our final
step of closing out the loan.
The closing is a meeting of buy­
ers, sellers, real estate agent, closing
attorney, and otber involved persons.
All of you will meet at one time
and in one place to execute tbe prom­
ises that you and the sellers made in
your purchase contract.
Your loan counselor has pack-
aged your application and accompa­
nying documentation and submitted
TIlE LIMITED pool of Black
college-educated professionals may
have unlimited opportunities with
The Rock, Big Pru is the world's
largest insurance company and one
of the planet'S leading financial in-
tituuon . Involved in real estate,
urban building projects, pension
plans and other broadly-diversified
portfolio investments that collec­
tively total over $200 billion. Pru­
dentiallnsuraoce is fmancially larger
than scores of nationa I governments
around the world. Starting at a base
salary of $30,000 per year with Pru­
dential, minorities and female pro­
fessionals can gain a high degree of
security and advancement opportu­
nities through this contemporary
"outreach" diversity program,
Mr, Rice, wbo isa listee in Who's
Who in Black Corporate America
and a major sponsor of John
Johnson's Ebony/Jet Guide to Black
Excellence, is a senior-level Career
Marketing Officer for Prudential. He
is responsible for the development
and implemenlation of the Manag­
ing Diversity Program. He started as
a Prusales agent and is the company's
first Black officer.
He openly explans that his pro­
gram seeks not only to people for
career opportunities inside Pruden­
tial, but also wants the company'
image to be enhanced among poten­
tial policy purchasers in minority
communities.
"I
CURRAN SAID that it is impor­
tant for the Michigan Department of
Labor to have a staff member who is
responsive to women's i ues, be­
cause not having one create the po­
tential for women to "fall tbrough the
cracks."
"We administer most of the work­
related laws tbat are not discrimina­
tion-oriented - wages, fringe ben­
efits, worker's compensation - so
it's important to have someone on
staff who can approach these laws
from a race or gender perspective."
AC ORDING TO HORN,
complaint of sex discrimination are
second only to complaints of race
discrimination. La t year, about 600
complaint were filed. During that
same year, an additional 93 com­
plaint were filed regarding unfair
treatment due to pregnancy and 80
regarding sexual harassment.
Yet de pite these statistics, Hom
said that Michigan is a national leader
in the field of civil rights legislation.
Pat Curran, former director of the
"WE'VE GOT TO save tbo e
parts of government that are critical
to the state's future," said. Rep. Nate
Jonker, D-Clio, vice chairman of the
House Labor Committee.
Butjust how "critical" is tbe Of­
fice of Women and Work?
"Many of our respon ibilities
overlapped," said Jim Horn, director
of public information for the Michi-
ONCE YOU have paid your
down payment and closing co t ,"the
clo ing attorney will explain each
sales document to you. If you have
your attorney present, he or he will
want to examine tbem at tbis time.
After you are satisfied and have
igned each document, you will be
handed the deed and tbe keys to your
new bome, and at tbis point you are a
homeowner.
I bope these columns have been
helpful and will lead you through tbe
many facets of home .purchaslng.
u
·DA aid
farm plan
Do you have any questions on
real estate? If so, send them to Howard
G. Ball, Realty Services, Inc., 240
Western Hills Drive, Madison, AL
35758.
The first USDNl890 sympo­
sium in the lOO-year.:old program
three years ago, resulted in several
recommendations to strengthen the
partnership and significant progress
has been made toward implementing
those recommendations, Hilty said.
He cited the establishment of USDA
offices staffed with liaisons at eacb of
the 17 campuses; increased USDA
funding to the 18905 institutions, in­
cluding a capacity building grants
citizens are just a few of the chal­
lenges and opportunities which face
us," the director said.
S/HcioJ to Michigan Citi.un .
Washington, D.C. -Strong partner­
ship efforts between the U.S. Depart­
ment of Agriculture and 17 predomi­
nantly Black Land Grant COlleges
and universities must be expanded,
Charles R. Hilty, associate deputy
director of agriculture, declared bere
during a two-day sympo iurn of the
100-year-old institutions.
Officials of the 1890 Land Grant
Need Information about Businesses?
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A NATIVE of Chicago and
graduate of Notre Dame, Rice rates,
"U ndcrstanding cultural differences
and the values of these cultures will
keep us way ahead of the competi-.
tion. Part of our strategy is to get. out
and talk to people in the community
and help our agents attract sales­
people to our marketing organiza­
tion. We want people who want to
grow, make a lot of money, and help
their community."
Rice's program includes special
seminarsforBig Pru's e ecutiveand
mid-level management to help them
see the economic and social value of
diversity in their employment and
consumer ranks. He also oversees
mentoring development for new
agents, and promotes agressive mar­
keting of the company's employ­
ment opportunities through national
advertising and participation inspe­
cia I events and employment fairs
where minorities reside or gather.
Prudential Insurance Com pany,
via BookerRice, has a "help wanted"
sign outside its personnel door.
People interested in a "mo' better"
life ten years from now, hould send
alenerand/orres�eto:�naging
Diversity, The Prudential Insurance
Company of America, 213 Wash­
ington Street, Newark, NJ 07102.
There are over 9 million bu ine ses in the U.S. - and findirig information
about them can be virtually impo sible, e pecially when you need it� But
now there' a way ... a revolutionary new service called Business INFOUNE!
Need to know the addres and phone number for "XYZ Company"
omewhere in Florida, or the name and phone number of a "Cadillac Dealer"
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in these ituation ... but we can!
institutions es­
tabli hed by Con-
gre s, witb the
USDA, met to
analyze the
progress made
since the partner-
hip with histori- .
cally Black col-
leges and universitie was forged at a
similar ymp ium in Na hville in
1988.
Representative of the govern­
ment and the institution also con­
vened to plan the next steps needed to
trengtbened the HBCUs during tbe
current debate over continuing gov­
ernment support to the in titution .
formerly segregated by federal and
tate laws. Hilty said the USDA needs
a strong partnership with tbe 17
HBCUs to meet the agricultural chal­
lenges and opportunities of the next
century, including the need for a di-
program; a
summer in­
tern pro­
gram for
students at
the schools
and greatly
increased
use of the
federal excess personal property pro­
gram for the 18905 HBCUs.
Hilty said the goals of the sympo­
sium are to develop specific strate­
gies and recommendations to furtber
enhance the institutions and expand
their involvement in the delivery of
USDA programs, as well as increase
tbe number of minority students ma­
joring in agricultural sciences, for­
estry and related fields.
"Finding way to increase agri­
cultural export ,developing new use
for agricultural products, solving en­
vironmental problems and providing
... the USDA needs a
strong partnership
with the 17 HBCUs ...
For �xampl� .••
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the noa town ...
"An out-of-town company is trying to ell you vinyl siding for our house, and ou need
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"A friend gave ou a tip that "Apex Industries" would be a ood tock investment, but
ou want to know more. What do they do? What are their approximate annual ale ? ..
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