l�rSI\ESS
"OU co C
th freeze were extended 0 yea
it ould prob bly be nother 0
ye before the Legi I ture ould
c le the i ue of property
relief."
Efforts to extend the freeze nd
d-o vo r nger alre dy re
underw y.
Sen. Mat J. Dunaski , R-Lakc
Orion, i he ding n effort to p h
a feeze-extension bill through the
lame-duck Legi lature. But ction office i over."
'""'� QI , ,..., wor1h. It
human ability k>
Art· an ill tration of
tb: aeavity 0 manlciOO, or cultural
group, by ue kill
era manship involved in i
develq>rnen Art is an imagery of
creative wor of, and about,
pcop that display foon,
beauty aM unusual perccptio
Art' a map of � progress of
mankiOO atX1 i gt'OlJp; that in
d\Xles � scuJpue, nnSc,
literatlD'e, or wOOc in any
otm' graphic or plastic medium.
Art, am BIn art, truly val�
am' still an t 10 i inkier. j
BlACK E1lJ]C Collec1lb
Inc. (BEq, a company based in the
VI; �D.CsubUIbofHyat
tsville, Maryland is tbe largest
pr0m01erofBJackmcrmmbiliaml
art in tb: nation. Tbe profit-making
coJ11lElY In;� annual sbows am
sales across the country aOO is
laded by.Jeanette Quson.
A business that seeks Black
treasure, it sponsors � � Hall
o Farre am operaes � Natioml
Blade Metoombilia Collectors �
sociation (NBMCA). Cumn, like
so manystra:SSful people woo lmd
a dream, started inthis b�afkr
had traveled � Africa seveml
ber job; � b:
collectin& African art.
SII: 1e� people koow tim Black
memorabilia are items made by,
\\ rinen by or about, ordep'cting the
image of Black people. 'Trey are
� that have cultural wealth arx1
are remarkable ard worthy of
remembrance. Black art is African
� dolls, clones, hisk>rical
papers, slavery relaed items arx1
mass-produced �ld goods.
Black memorabilia includes
present day litemture, records, k>ys,
jewelry arx1 otber it:1llB of art.
For Blacks cut from the Getty
mold of art for monetary
collection's sake, the 8th AImual
Black Memorabilia Collectiblrs
Show arxl Sale \WS being �ld in
Washington's Convention Cenle!'
on October 17th. This �
yearly event also included tI}e ,
Secord Annual Blade Collcck&
Hall of Fame ceremony wbere six
collectors from ecross the country
were honored for treir koowledge
and collection of Black
mermrabilia.
People attending these even�
reveal that they firx1 that tlx:se are
more cultural than otber black
oriented marketplaces, because
dealeTS at tbese events sell only
items related to the images of
Africans and members of the
African diespora,
CARSON SAYS that, "Many
people are beginning k> wD:rstml
� historical irnpo� of Black
memorabilia will others are seeing
it as a unique am profitable invest
ment" .
Culturally, Carson says that
these collectlbles relp "to minor the
past with a vision of the future." She
predicts that tre val\!: of Black
memorabilia will itrrease dramati
cally �n the completion of the
proposed Smitlmnian Institution's
National African American
Miseum. Carson reasors tbatas the
museum's orgaoizers gatb:r hems
for it, a soortage of valuable Black
items will drive tip the price ofttnse
left in public haJxts.
As the proposed African
American Museum I1l(MS toward
a reality and gairs � congressioral
legislation that will allow -i� or
ganizers to purchase artifacts, cur
rent collectors aOO Black families
bould creek to see what items of
value trey hold.
For infonnation on Black Art
and the identification, sale orbar1er
ing of it, rontact: BEC at 1401 �
bwy Court, Hyattsville, MD'1iJ7Erl,
(301) 63().(Xf)8.
Richard E. Barber, Sr., of Some
rset, New Jersey, recently published
a book that eems destined to be
come a be tseller among the
nation's community and economic
development group , church and
religious organizations, and the
academic and business' com
munitie .
The title of the book" T�
Economic Emancipation of African
Americans (Let the Church say,
"Amen"), gives a clue to the author's
comprehensive and practlcle ap
proach for economic emancipation
of African-Americans by economic
itself-reliance" through emancipa
tion of community and women's or
ganizations by leveraging financial
resources; a national development
fund; development of financial in
stitutions; and a financial support
system for historic Black colleges
and universities.
Barber explains that the purpose
of the book is to invite a cross-sec
tion to participate in this national
economic emancip tion movement
in implementing an "Economic
Bmanclpation Plan for African
Americans"; to chart a new direction
away from "a welfare and economic
dependency mentality" to "a self
help and economic self-reliance"
philosophy with the church com-
, munity in the primary and key role;
to assign specific tasks and respon-
ibilities to participating churche ,
community and women' organiza
tions with goal ,timetable and full
accountability; to share an under-
tanding of the Power of Knowledge
and the reative use of Penny Power.
The target audience for this book
i African-Americans and sup
porters who are "sick nd tired of
being sick and tired" of the peren
nial status quo and welfare depend
ency too prevalent in the
African-American community and
are willing and ready to commit
themselves to "a new progressive
economic agenda based on a self
help and economic self-reliance"
Plan and Philosophy.
For example, some of the tar
geted audience are pastors and
church leaders; representatives of
community based organizations;
representatives of Black Colleges
and Universities; college and high
school students; business owners
and entrepreneurs; representatives
of fraternities, sororities and frater
nallodges;·aM-persons with a com
mitted he an ah<fwiIllng hands.
Copies of this book are available
at $7.95 per copy plus $2.00 for
postage and handling from Penny
Lovers of America, Inc., P.O. Box
6141, Somerset, New Jersey 08875-
6141. The telephone number is
(908) 873-3827.
Living well on less.
With advance planning and the
right investment moves, you can
take a cut in income, change careers,
or stay home with the baby and still
. make ends meet.
First, get a grip on your budget.
And, above all, avoid buying on
credit. You may have to postpone
vacations for a while or take less
expensive ones.
To develop a clear picture of your
income and expenses, it's crucial to
decide which expenses are essential
and which ones can be cut. Often,
, you can make significant budget
cuts by postponing home improve
ments, moving to a less expensive
neighborhood, or refinancing your
mortgage.
Supplementing
'Your Income
It is ideal to start planning several
years ahead for a major change in
life-style. If you don't have the
luxury of a long lead-time before
your income drops, there are options
you might want to consider.
Think about making an early
withdrawal from your individual
retirement account, or drawing upon
your savings. There are tim s when
this is a good idea. A career change
is one of those times. If you're
young, you can rebuild your savings
later. If the drop in income is viewed
as permanent, drawing down your
capital should be considered the
price you pay to gain a more fulfill
ing job or a more satisfying life.
Inve ment Options
Before leaving your job, it would
be wise to consider making change,
in your investments. For example,
you may want to start shifting your
investments from low-dividend,
high growth securities to a portfolio
that feature high income. If you are
not inclined to take risks, inve t in
short term certificate of deposit and
treasury ecuritie. Remember, in
vestments with potential for fluctua
tions in principal are not worth the
risk if you need the money in a year
or less.
When starting your own busi
ne ,limit outside investments to a
money market account. Beyond
that, direct most of your assets to the
new business. Your profit potential
is far greater when you own your
own business.
Losing Fringe Beneftt
Fringe benefits that accompany
your present job can be worth
hundreds of dollars each month.
Leaving one employer for another
may enable, you to pick up a com
parable benefits package. But, be
coming self-employed, or leaving
the work force altogether may
present a problem if you have to pick
·up the tab for those benefits.
First, look at your pension
benefi ts. If you arc enti tIed to al ump
sum pension distribution when you
leave your job, you can roll it over
to an Individual Retirement Ac
count (IRA) within 60 days. If you
don't roll it over, you will pay tax on
. it as well as a 10 percent penalty if
you're under 59 1/2 years of age. If
you will no longer be covered by a
pension plan, you will have to pro
vide one for yourself. An IRA i one
alternative.
Replacing Health
Insurance Coverage
Signing up for benefits under
your spouse's plan is the best way to
replace your health insurance after
leaving your job. If you are forced to
buy coverage on the open market,
you are in for a shock. Without the
benefit of group rates, a family plan
could cost as much as $200 to $300
dollars a month.
You can get temporary relief
under a federal law called COBRA.
. This act requires mo t employers to
let you continue getting group
benefits when you leave your job,
provided you pick up the premiums
plus a 2% administration fee.
It's a good idea to buy disability
insurance before you leave your job
because you may have trouble
MEMORIAL FOR ETHNIC MARKETlNQ PlONEERI - Mrs. Thelma Fitzhugh. widow of the Iale Dr. H. ,Naylor
Fitzhugh, second from right, Joins Dr. Lawrence A Johnson, Dean, School of Busln , Howard UnIver8Ity, rtgtt.
at a memortal tribute to her husband h d at Howard University's Rankin Chapel, Washington. D.C., r certtv Dr.
Fitzhugh, a retired Vice Pr ldent of Pepel-Co Company, w a professor at Howard from 1934-1965, where h
developed the school's first mark Ing program and advisor to the udent marketing association. Joining Mrs.
Fitzhugh and Dr. Johnson are, from 18ft, Rev. Vernon A. Shannon, Pastor, St. Catherine A.M.�. Zion Church, New
. Rochelle, N.Y., who delivered the eutogy, and Betty Shine, Media Supervisor, Pepsi-Co Company.
. .,
u
, ADVERTISE IN
THE BUSINESS
DIRECTORY
TAKE'THE
INITIATIVE
AND YOU CAN
OWN YOUR
OWN HOME
m-
lack au hor write book
on conomic elf·reliance
Has buying a home or refinancing the one
you own always eemed like something
out of your reach?
Do you ever feel like saying, "What's
the use of trying?"
\Yell here's an idea you'll like.
The Initiative Mortgage ™ from Fir t
of America Bank. With flexible terms and
competitive rates, it's a way to.help people
refinance or buy a home in Detroit,
Highland Park, Hamtramck, or Pontiac.
When you purchase a home, your
down payment can be as little a 5% for a
fixed rate mortgag and if you're inter
ested in refinancing your existing resi
dence, we can loan you up to 80% of the
value of your home.
Either way, if your mortgage i
$50,000 or under, we'll waive our points ·
and the fee for application and document
preparation. Over $50,000 and we'll
Waive the point on the fir t $50,000.
There's a lot more w can tell
you if you just call Fir t of America
at 1-806-735-1196.
All it take from you i a little
, initiative.
l.ocJns subjecc co Cr�Jic Approvol,
M.mbu FDJ ,�I HaWing undt,. G)
CHARLES
ROSS
YOUR
PERSONAL
FINANCE
qualifying later. It's also important
to update your life insurance
covemge. ,
Whatever your reasons for decid
ing to live on less, the longer the
'lead-time before you make the
switch, the better off you will be.
Charles Ross is the host of tM
nationally syndicated radio pro
gram, "Your Personal Finance",
and author of The Best of Your Per
sonal Finance.
Teleconference
on corporate
giving, lated
A live teleconference on cor
porate giving, entitled "Getting To
T� Bottom Line" will be held on
Wednesday, December 9, 1992 at
Muskegon Community College
from 11:15 a.m. to 2:00 p.m. The
discussion will focus on corporate
giving and the appropriate techni
ques and means of solicitation of
funds from both large and small cor
porations.
The fee of $25 include lunch at
11 :15 a.m. To register for the
teleconference, please ·call 777-
0250 and ask for CEo 1840 Section
6866. For more information, please
call 777-0216. .
ADVERTISE IN
THE BUSINESS
DIRECTORY