BUSINESS FINANCE
Con urn rTip
RAnIER 1lIAN JUMP n
their Con people for their
pranks on � Hill, wban B
will ly relish equal
fact that tJ-eir guys woe 'J t like
rest tre�"
At ontre'
the Ch� am i Bank,
gave B aIXl cq\Ill �ty
to iImlvtn.)'. � � dr:ck in­
vestigation hit the Congressional
B k Onx:us hard. Twenty-two of
the 26 in Congress were
founj k> overdIawn ttm ac-
00UI11s during the 39-IlDIlth perod
fmmJuly 1 to Oceoer 1�.
FIVe Black rrembers of Con­
werearmngtre22 �ab\reIS,
ving the Black congressional
,. :I>mnrnmi'ty a 22 pacem ra 0 rep­
ntation in aca)lUlt rnsise, In the
-yearperiod, Dellumsaveraged
, 250 bOO cmcks a year, aIX1
mel an� of 100 boun­
per amnm No OIl: in �ir
dis� oould wtre three bOO
aweekardstilltaveacbeck­
account.
• • Black congresspeopl rrake up
: .. Only six percent 0 ttl: tal Con­
but axe 22 percent of ttl: House
S>usas.
Otm Blacks with grossly poor
Rmrd-ketping among tbe �ital
- Hill Gang were: Oares Hayes of
�, woo mel 716 00d cbx:ks;
New York Qly's EOOlph Towrs
'. 4ffi; Harold Ford 0 �mphis
• With388;BillClayofStLouisfoUlli
�1cwaytothe �with328
• ch:dcs;JobnCbnyelSofDetroit
• .. � the bursar for Z73; am two
: � boyz, Mike Espy of Jack­
• aIXl JOM Lewis of Atlanta, lBi
'. � aIXl 125 hits at tre casn-box
'��paiod.
FORMERHOU rrerroers
a1� Fauntroy of tre District of
Columbia had 145 am current
UrRd Negro Chllege Fum bead,
WlIliam Gray m had ro boureers
. 'Im � served representative
from Plu1adelphia.
Whik tre white men in Con­
� can't jump out of tmr rubber
check problem, -tbe permarent
politDm from B1adt distIi::ts will
soon be back here fitm treir urtm
� k> serve yet day at
$342.73, a day' pay fur �m, or
$125,100 in 3IDI8l salary.
. Manykq-lmnwhites,wooare
even cornmiUee chaits with long
seniority, will � � back k>
Peoria based on tl1! discomern 0
·wtets at borne. But tl1! Blacks in
.:congress can continue to stay
• )rourxl am �te titre aIX1
: Jl'8de while tIrk distri go beg­
.' Jng. Too of:len our representatives
; have been re-eleeed based on name
JUOgnition am treircelebrity s
. . B rrerroers ot Congress.
Whi� men on Capik>l Hill can't
�ump out of the pot they've created
ttrmcie
� , UrbanAfOOm..Amoican veers
, \lr'OUlddowell k>warhadicmn n1
AImrica am abomh � political
. :aums ofttoe of woo k> be
� aIXl perpetual rrembe
--of our legislatures. If they've
rougbtm �gran5orjob
·�on � fur tOO� 0
at Inm, tml �'ve just
��valuable pece urxIer
Capik>l Dome am sro1:lld be
•. __.., .... __ ... k> cl their Wacihingk>n.,
The Banker 'B nk
of B n Ing
come.
In order for the b nk to make a
up!
Wh t C n you do?
The Fr qu nt Fly r Club 0 f
program lled w rdGuard. It
prot t frequent flyer milea e, and
aw rd onl or irlin that ail.
COCA-COLA COMMITS $1 BILLION DOLLARS TO WOMEN, MINORITIES OVER NEXT FIVE
YEARS - Pierre Ferrari, (center) 'senior vice president of marketing, Coca-Cola USA, and Ingrid
Saunders-Jones, vice president, Corporate External Affairs, present a commemorative Coca-Cola
bottle to Harriet Michel, chairman, National Minority Supplier Development Council, during a national
forum on "Black Entrepreneurship In America" held recently in Atlanta. The bottle was presented to
Ms. Michel as a symbol of the Coca-Cola system's commitment to spend $1 billion with minority and
women vendors over the next five years.
Law day essay winner
The WCNLS Street Law Project
in conjunction with the City Coun­
cil Youth Advisory Commission
recently held a city wide Law Day
essay contest.
There were a record of fifty-nine
(59) e say submitted from twelve
(12) different Detroit high schools.
The theme for this year's war
"Struggle for Justice." The 1992
WCNLS Street Law Project Law
Day E ay Winners are:
Mayor for the day: Mr. Obie
Jame ,12th grader at Finney High
School/Teacher: Ms. Ingrid
Zitewitz, Es ay Title: "Justice, for
Whom?"
Deputy Mayor: Ms. Miriam
Davis, 10th grader at Redford High
School/teacher: Ms. Theresa
Hagood, Essay Title: "Black
Women's Struggle for Justice"
City Council pre ident pro
tern: M. Latonya Wat on, 11
grader at Per hing High
School/Teacher: Ms. Donna
Jame , Es ay Title: "Struggle for
Justice"
Michigan upreme court Ju -
tlce: Ms. Shameka Bryant. 12th
grader at Mackenzie High
School/teacher: Ms. Vivian Harris,
Essay Title: "Struggle for Justice"
Recorder's Court Ju tlce: Mr.
Lee Daniel, III, 12th grader at Mac­
Kenzie High School/teacher: Ms.
Vivian Harris, E ay Title: "Strug­
gle for Justice"
Wayne County Comml Ion
Chairman: Ms. LaShawn Austin,
11th grader at Chadsey High
School/teacher: at MacKenzie
High School/teacher: Ms. Vivian
Harris, Essay Title: "Struggle of
Justice"
Wayne County Commissioner
(parker): Mr. Bobby Outlaw, 11th
grader at Chadsey High
School/teacher: Ms. Peggy Brown,
Essay, Title: "Education -A Con­
tinuous Struggle for Justice"
Wayne ounty Commis loner
Black media directory available
A Roche ter Hills publi hing
firm has announ ed that it will
publi h a directory listing major and
new Bla k media influences this fall
(October 1992). It will be distributed
worldwid.
The directory will be a complete
and exclusive li ting of Black
authors publi hers, distributors,
song, film script am playwrights,
producers, agents, editorial SOUl"CtS,
consultan , and marketing resour­
ces. The directory will also provide a
resource listing for anyone interested
in services of Black authors and other
Black media.
Questionnaires are in the process
of being sent to po ntial listing
entrants and must be returned by
May 15, 1992. Listings are free and
will be alphabetized and categorized
under author's name, tit! of work
and Subject matter.
Display advertising space is also
available in � directory .. Full- and
half-page display ads are being ac­
cepted until the May 15, 1992 dead­
line. Display advertisers also receive
a free listing in the yellow pages
iIxJex. Tbere is a charge for com­
pani or individuals who wish to be
listed in the industry yellow pages
listing only.
For infQnnation on display ad·
vertising rates call1-800-762-5799.
(Solomon): Ms. Veronica Wright,
12th grader at Chadsey High
School/teacher: Ms. Peggy Brown,
Essay Title: "Struggle for Justice"
Wayne County General Coun­
sel: Ms. Kimberly Watson, 10th
grader at Redford High
School/teacher Ms. "Theresa
Hagood, Essay Title: "Mental
Health"
PI nnlng Perk
Som employer
10 nil planning n fit.
rec nt urv y by a b n fi planning
firm found that 11 percent 0 the
411 companie urveyed offered
financial planning to employees.
Of tho who do not currently offer
th b nit, p rcent plan to intro­
duc it.
J
.
,
]
Financi I pI nnin once of- ,
fered only t comp ny' enior:
n ement. But now employe :
nt to edu te th ir employee in- I
form tion n t only on h in e t­
men worx, but I 0 bout how to
get th mo t out of th comp ny
bene 1 •
Employers I 0 realize that
employee who feel confident
bout their fin nee will m e bet­
ter employees. Comp nie often:
ponsor one-day emina , on com- •
p ny time, to which 11 employ .
nd their pouse are invi ted. '
, .
Charles Ro s is the host 0/ the .
nationally syndicated radio pro­
gram "Your Personal Finance" and
author of the The Best of Your Per-
onal Finance.
Pro par for r
heal h In urance ne
By ICHAEL KELLY
In planning for retirement,
don't overlook the co t of medi­
cal in urance and health care,
warns the Michigan Credit Union
League.
A crucial period for which you
need to prepare i that time period
between retirement (when mo t
employee healt plans stop) and
age (when are becomes
available). Even after that age,
however, the ba ic Part A
Medicare package covers only
hospital costs, and to cover doctor
fees and lab costs you will likely
want to purchase Part B Medicare
coverage, which currently costs
&29.90 per month. Many
retirees also purchase upplemen­
tal insurance to cover gaps not
filed by either Part A or B.
Some 43 percent of Americans
age 40 and older expect their
employeror spouse's employer to
provide health coverage after
they retire, according to
Everybody's Money, a magazine
for credit union members pub­
lished by the Credit Union Na­
tional Association (CUNA).
However, many of these
Americans are not familiar with
the details of their employers'
plans and have not calculated
potential medical' insurance or
. health care costs into their retire­
ment budgets.
Federal .Iaw requires
employers to offer health in­
surance continuation at the
employer's group rate for 18 to 36
months after retirement. But you
may be expected to pay all or part
of the premium. In addition,
some employer plans reduce your
coverage when you qualify for
Irement
d
Medicare at age 65.
THE MICHIGAN Credit
Union League point out that even
if you have good coverage under
your employer's current plan,
rising health care co ts are caus­
ing employers to modifying their
plans, so you should review your
retirement coverage every year or
two. Your employer's benefits
officer can go over the plan with
you and explain its detail .
When you talk with the per­
sonnel officer find out if your
employer can modify or revoke
the health insurance plan at will.
Sometimes a statement to this ef­
fect is printed on the company's
ummary plan description. If it
isn't, ask the benefits officer if
your employer can change the
plan.
Because more workers are
taking former employers to court
over alleged contract violations,
hang on to every piece of written
material your company gives
you, the magazine advises, You
may need to use it as evidence in
court.
Even the best retirement
health insurance doesn't cover all
medical expenses. Take this into
consideration in saving for retire­
ment. One of the best ways to
save for retirement is an in­
dividual retirement savings ac­
count, the Michigan Credit Union
League suggest. •
For afree Everybody's Money
brochure on IRA's, send a self­
addressed, stamped envelope to
IRA, CUNA Public Relations,
Box 431, Madison, Wisconsin
53701.
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