turers awl nnaJXlal iDStiltutiOlIB.
Rcwttly,
of rity AuklIOOb
�f'lIU.J), �
mimritycar wm��
� t grot4) of miIDity
pcqlle in Us.",
Wmhingm � k>bby�' 'CDlIDat-
lonal representati for the
government'. upport. The
NAMAD . . gowmncd
row! of Ad-
�tJatioo (SBA) Iq-am, low
�rcst loan a $100 mI
lion� program � emile
lO,(XD rew j<m; aM $10 miDioo
grant for a miInity dcab'
nrntstudy.
ALmrding to � groq>'s P '
dent, Clmks HaneD, "MiIDity-
0WIJ:d deaJeIships are fBiliDa
twice � ta eX otmr car cbb'
ships. Twenty percent, or 142
mioority-owD!'Jd tIM
failed." HaImll, owner of a dealer
ship in Midigan, . "Im1:ad «
bailing <U foteign cxumra, em.
p:ss slpJId IK:lp Arraaa It
�" His poim S very iIqnlld
becauge lis type of lid
activity great � ext IfCf- '
. of .............. "itfl"' ........ ....,.,. ...
m ,
-'" idems' anLtifrMl96Clt:iOl_1Ie
, ,
and rofSUl11!t'activity firirlrz-dty
areas, aOO ultimaiely, the oomlry.
MANY INFLUENTIAL
members ofB1ackAmclicaare be
hind the Black auk) dca1cra am
tmVing ., 1l:lp thtm � 0YeIaXDe
tb!ir plight In W� the
group met with Detroit Con
gt9WOID8Il Balan Role Cl>Ilim.
wmtads1mQqtessiomlBlKt
ClwcuI 0mnlUce fir Mimdty
Deam.OtmBlackOmcusnan
bersam�AfJican..AmeIkI
adYertSng am.,. lies Il1o vdcecl
their backing of � NAMAD
��QjJjns
is��a.pidHll�rl
� �'s quest fir�
�.Abo���'s
agm!a at � Iigbest IeYds WM
Ford MliX'axq,any's VlcePlai
dent, Elliot Hall, wOO WM 1be
� spcalccr � � m u>
dealers tIEl came � b mdcxl'
capital.
Hall woo � African Ameaican.
, is Ford's lad of W� Af
fairs. A lawyer am a MD ety
native, Hall ooIds a political�
degree from W� S1atc UIiYet
sity which lr¥ him in his Ii&b
leYel imeradiom wi1h rranbers «
Congress, Senate and heidi of
� agruics. HIs �
party boBs <WeI':l) BIack�
lJImln-Men:ury cam am,154
Ford deaJeIships owmd by BIacb
aaaIS � oomlly.
Ford bas had a suoceas1\J1
mioority dealer � po
gram and is a a>tpOrate leader in
minority employment, career
mobility aM s�lier contrads.
Ford's current rommitment 10
minority dealers, prospective
mimrity dealeIS m1 comrmmity
outreach programs bode well for
expectations that African
American consumers will look
ckser at � value am IlBIknl im
pact of their produ:t.
Fonner l.hben Leap dIldII,
Helen Love, � � RId's cu
teaeh programs � Blade �
from Detroit Robert HD1 Uo in
Detroit and is head of Ford's
Mimrity Dealt2s.
MINORITY DEALERS
need 1l:1p from � bcaltae,
in rm;t � they are "seriolsly
under capitalized" Aannq �
Hartell, tb:y are "lodcM cd' d.
import frarxiB oppOOlDtics eX
car makcts in Euiq)e am Asia. To
overrome finamal sOOr1falk, �
FAIR,A10
•
Hom own r hlp
min r
KYE I THE
So you arrive in America Ith
little money, no b I ex- 0
perienee and no collateral. Ho do
you buy or start a b I If you are
a Korean-American. Simpl • You
your friends for money.
Tho ndJ of Korean·
America e I system call d
·kye· (pronounced • y.). A kye II
I group of ten to twenty peopl
contribu a tllDountofft)Oooy
minar
n bo
come buyen. KeEteliUDe
be rYed.
TROY, ICHlOAN - Standard
Fedtral Bank will bold a free
Community Home Buyer's Pro
gram Seminar on S turday, July
25, 1992 from 10:00 a.m. until
12:00 noon at tho Foe Hope
Center For Children, 1SSO Oak
man Boulevard In Detroit. This
To refl.rter, or lor ill{ontUJ
tiOIl abo'" t prol'GIft, call
313/643-9600, e%leLfloll6977.
ByC'_' G
Of the dozen of types of insur
e you can buy, there are six )'OU
want to ide The tlval rela-
tionship of the teful insurance
awe i so low you' . I
be financing the next
in eX youth.
The in ura e lim .
. 'm inly into two categorie-
in urance ttached to purchases and
urance attached to loan ,
n urance nacbed to purchases
de extended rranties and
rvice contracts that are supposed
to cover repair co of stereos,
appliance, automobile or other
major purchase that the manufac
turer' warranty doe not cover.
In urance attached to loans i
ctually life or disability i urance
with fancy name like credit life,
credit disability, mortgage life and
chargegard.
These are in oded to pay off your
loan if you lose your bility to work
or lose your life, These gimmicks
co t most families $2.000 to 53.000
every year or $20.000 to $30,000
every to years. They are the hiJhest
profit gimmicks in the insurance
bu iness, with profit marlins
sometimes ranging 80 percent to 90
percent for insurance companies, .
which then pay as commissions up
to 60 percent of the profit to banks,
car, dealers. credit card companies
and credit union that sell the'
insurance.
Often these in uranee contl'lCtl
are slipped into purchases and loans
without the awareness of the buyer
or borrower. One study showed that
40 percent of those who were ply
ing for credit life and disability didn't
know they had bought the optional
in urance.
Your objective is to firSt search
your purchase and toan papen 10 find
and cancel the unnecessary CO't'efIIeI
you have. then mentally gear)'OUl'lelf
to refu e to ever again buy these
high-priced gimmicks, no maner
what the sate pitch. You will pocket
52.000 to $3,000 per year for the rest
of your life. , '
as soon as they go out for bid. Twenty�
tour hours a day.' Seven days a week.
Even if you don't own a PC, you can
still access business opportunities
through EPAC. EPAC is on-line at
selected Detroit Public Library
branches. '
For more information, call the EPAC
hotline at (313) 224-0418.
o mat r W_-..r.... __ ...._ 'II.�'
to be done, undone 01' ,,'J reo
to your home in Detroit,
Pontiac, ot Highland Park, we
can help. ' ,
. Our loans are fast and
affordable. And we'll work with
you to come up with a payment that fits
ore I. pby
anyone of our convenient locations
or call us at (313) 339-5626 and
we'll take your application over the
phone ..
You'D find that doing a little
'housework has never been easier.
•
I'
o t 11{�1 ;\[\ 11 {I ( ,'\
�- ... ONEOFniEMIDWESrSBlGGBTBANKS,BlITONLYWHENYOUWANTUSTOBE.
·ao.Ion$SOOO, 9.9OIA.',A., ,tU,,"aHion!«.I80-monthrerm, AI/loons ubJtcttocrtditapprotIGL Mtm�rFDIC. EqUdIHou"",uMrr. e
'�OlllTY BUSINS'
lPI.
UIJ.D
Are you' missing out on business
,opportunities because, you. always
em to find out about 'a contract bid
after the fact?' ,
Wayne County 's Electronic Pro
curement Assistance Center (EPAC)
can help you close the Information
gap. With a personal computer, soft
ware and a modem, you can access
bid opportunities from Wayne County
yn
Initiative
o
or
Edw� H. McNamara, Wayne County Executive
, I