BUSINESS, FINANCE
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the economy i
bought in
The Do i th nickn me for the
Do Jone Industrial verage 0[30
m [or toc . Th toe th t m e
up the verage include comp nie
like IBM, General Motors, and
McDonald' . Th Dow i the mo t
widely quoted economic me ure
ment, It i believed to be not only a
ymbol of the ri nd f II of toe
price , but th Dow offers n in-
rock
"
Buying and eUing toe i a
way to own part of Americ . The
purch e or le of tock i rea II y a
imple proce . You will, however,
have to enli t the help of a tock
broker to help you complete the
transaction.
Once you pl ce your order with
Charles Ross is the host 0/ the '"
nationally syndicated radio pro- "
gram "Your Per onal Finance" and "
author o/The B to/Your Per. anal
Finance.
p
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n
In general, a busine
or-
,Six Michiganians on bony'
list of most influential Blacks
rs that "led" B in
.... """"n...:>. Detroit. Atlanta, and
urtan areas 0 r the last
the that we find our-
in today.
• Whil tme is little question of
� dedicationoftbs! "leaders" to
the need for a more equitable
. ty, or k> personal exposure on
�twork 1V cameras, there hould
maximumd ineverywban
commumtyecross therountryover
ttm actwl ability k> guide Black
Arrerica to increased employment,
career training. enneprereurship,
�rcial development ant im
p.bved health faciliti am care.
: -. Mr. Jackson, ant oirers, in til!
of "Black leadership" are
� jumping in front of the urban
bandwagon. But 1 king k on
ue Los Angel rio smuld ca
each of is, Black � white, 10
realize that there can be no return 10
a status quo that disregards real
local-level representative leader
ship.
IF TIlE pnoc� of the cities
are to be picked up and placed
toward a building p we can
not bring back the same old
elepbams to speak for us am dire
leaving only tIl!ir digesti� by
prod� to "the people."
The urban message we need to
UI¥JerstaOO from the riots is that if
we don't empower "the people" we
will surely see again the rage of
igrorarce, discrimination, slums,
poverty, disease am unemploy-
· ment that our "leadership" brought
• \f).
Any J'I:W urban programs, to be
effective, will have to be directed to
am rontrolled 'by people at til!
community level. Tre problem of
tbe 1 programs was that til!
· monies went through many
: "other bards" before they got to tte
: people on the correr,
For proper focus on til! Ir.CeS
areas foliimprovement-jobs,
• • lfare reform, boesing, scbools
educational advancement,
-mghb<>rtx>od �glectandaime
decisions aOO leadership must
corre from within til! gOO� and
barrios, Mait of � "leaders" we
see on 1V screen koow as much
. about the problems of the street as
: does George Bush.
TIIE OLUTIONS foruscan
onlycornefromwiihin.Noorecan
save us but us. We have 10 be til!
people to put more of our poor 10
work by gaining and 'utilizing
federal am tate furxls to build
bridge , schools, libraries and
hespitals for our cities am reign
bortoods.
We have to be the ores to get
small business loans am grant at �
local level so that our own busi
nesses can provide 8S pereennof
employment opportunities as is
done in � gereral society.
We,have to rave the ability to
design, build and own m\5ing for,
and aI0011& low-iIrome residents.
We must have local responsibility
. for the building, taffing and
monitoring of schools and our
educational institutions. The com
munity must be given the power to
take care of i� own to rum aOO
control programs to form �igh
borhood organizations and rid
tbemotcnrre.
Other Michiganians on the list
include Secretary of State
Richard Austin and the Rev.
Charles Adams, pre ident of the
National Progre sive Baptist
Convention.
Sykes' organization, founded
in 1935 and now with 375 chap
ters, works closely with organiza
tions such as the United Negro
College Fund and i affiliated
with the Leadership Conference
on qivil Rights.
A Pontiac choolteacher joins
such Miohigan luminarie a
Detroit Mayor Coleman Young
and U.S. Rep . John Conyers and
Barbara-Ro e Collins on Ebony
magazine's list of the 100 most
influential Black Americans.
Catherine Syke is featured in
the May edition of Ebony for her
new position as national president
of the National As ociation of
Negro Busine and Professional
Women's Club , a 2O,OOO-mem
ber nonprofit civil rights group.
"Being in there doesn't just
mean your picture is in there,"
aid Syke , a teacher at Pontiac
Northern High School. "It means
you had to accompli h something
to achieve that distinction. SO it's
like a dream realized."
The list include nationally
and internationally known
leaders such as the Rev. Jes e
Jackson, Gen. Colin Powell, Vir
ginia Gov. Dougla Wilder,
NAACP Executive Director Ben
jamin Hooks, Supreme Court As-
ociate Justice Clarence Thomas
and entertainer Bill Cosby.
.t
1992 CADILLAC IS GRAND PRIZE IN NATIONAL
HAIR STYLING' COMPETITION - Valeria Aubert of
Chicago was the grand prize winner in the NBH Group', Inc.
"Natlonat Hair Styling Competition. M The prize, a 1992 Cadillac,
is considered the highest valued prize ever awarded In the hair
industry. The competition was recently held in Orlando; Florida.
Pictured with Valeria Aubert are (left) Thomas Hayden, NBH
Group. Inc. and Kevin Maxberry, vice prestdent/sates of A.M.
Walker HealthCare Products.
The Easiest Way Throueh This Door
· Is Through ThislJoor.
Community groups
get. development funds
The Community Foundation
for Southeastern Michigan and
Manufacturers Bank, N A. an
nounced the recipients of the first .
grants from the Manufacturers
Bank Communi ty Economic
Development Fund.
The recipients are:
- Core City Neighborhoods.
which received $10,000 to support
the purchase and development of a
3D-unit apartment building.
- Northwe t In titutional
Leadership Action Council, which
received $5,CXXl to conduct pre
development studies of two ap
proaches to renovating the
McNichols/San Juan intersection.
- Warren/Conner Develop
ment Coalition, which received
$10,CXXl to support additional pre
development costs for the War
ren/Conner Shopping Center and'
Conner Market.
- Oakland Livingston Human
Service Agency, which received
$8,000 to support pre-develop
ment costs to rehabilitate five
houses in Royal Oak Township.
- REACH, Inc., which
received $8,000 to upport the
development of .a new 3D-unit
apartment building in D troit's
Pilgrim Village.
THE MANUFACTURERS
Bank Community Economic
Development Fund was estab
lished with the Community Foun
dation for Southeastern Michigan
in June 1991 to support neighbor
hood development acttvlttes in
Detroit and other low- and
moderate-income communi tie
within Manufacturers Bank's ser
vice area in southeastern
Michigan.
It is permanent endowment that
will total $500,000.
The Fund provides grants to
nonprofit agencies to assist in their
organizational development or to
fund a specific neighborhood
development project.
Manufacturers Bank estab
lished the Fund with the Com
munity Foundation for
Southeastern Michigan because of
th Foundation's commitment to
neighborhood development ac
tivitie as a long-term program
strategy, its expertise in utilizing
contributions and the fact that its
service area is imilar to the ervice
area of Manufacturers Bank.
Before you close the door on owning your own home, or improving it, call
Manufacturers Bank. We may be able to help because we offer a wide range of
home mortgage and home improvement loans to fit individual financial needs.
Home mortgage loans: 222-5325. Home Improvement loans: 222-2826.