Newspapers / The Carolina Times (Durham, … / June 28, 1980, edition 1 / Page 15
Part of The Carolina Times (Durham, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
Pat Ingram A Recking account is t safe, simple way to pay your bills and keep up with your finances, Th , bani keeps your money for you aid pays it out acwnW to your directions as you issue checks ThVSnf keeDS a careful ronA t ine Dan - - v-vyi Ut cvci y deposit made to your account and every check paid from it. Then once a month the bank sends you a statement showing your trans actions for the previous period. Your cancelled checks are returned in the statement for your records. To get the most convenience out of your checking account, you need to keep your account records iust as carefullv as the hnnt a.. - i " WTOO, And each month when you receive your statement you need to balance it against your checklmk to oTthe bank V ha Ve bewi made on Associate Administrator for Minority Small BusinessCapital Ownership Development Bonding is a necessary process for minority contrac tors Small firms, especially those without working capital, pr a long, satisfactory bonding history, often are rejected by bonding companies which prevents them from obtaining necessary contracts. The Small Business Administration is committed to making the bonding process more accessible to small and emerging minority contractors who, for whatever reasons, might have found bonding previously unavailable to them. Through the Surety Bond Guarantee Program, SBA is authorized to guarantee to a qualified surety company ninety per cent of loss on contracts of up to $250,000 and eighty per cent on con tracts between $250,000 to $1 million for losses incurred while the small minority firm is under bid, payment or performance bonds. These contracts may be for construction, supplies, or services provided by either a prime or subcontractor for governmental or non-governmental work. Dear Dr. Faulkner: Please help me to settle an argument: My friend says that blacks do not take thier own lives any more fre quently than dc other races? I disagree. Whrr is the truth? R.D..C ianddo Dear R.D.: Suicide is a social phenomena whose increase has pro duced much data for research. Some very well-defined characteristics of the suicide-prone person are frustra tion and isolation. The isolation may be private or social. Private isola tion involves locking one's self away in privacy. Social isclaikn i broader in scope in that it is more psychological than physical. The socially isolated person may be a recent arrival to this country (or a new community) who is unable to in- VALUE FORUM realizing the worth of your possessions Appraising The Appraiser By Dexter b. MacBride, ASA Executive Vice President A m ericanHocie tyofA ppraisers In the rush u find out if that long-foritfoUt'!) painting is worth a lot of money in to day '8 market a rush that also involves gold and silver ob jects, old books, memorabilia, stamps and coins, etc. own ers are asking questions about appraisers. How do I find a good appraiser? How do I know the appraiser is objective? Am I protected by the state because of examinations which appraisers are required to pass? What rules must appraisers obey in charging fees? Full answers require more space than this column per mits. For complete informa tion, write for the booklet described below. However, in brief: 1. To find a good apprais er, look for one who has passed written examinations and, as a result of this and other qualifying criteria, bears a professional designation, such as "ASA." 2. The objective appraiser is one who has no vested interest in the amount of the appraised value; e.g., the fee for preparing the appraisal is not tied to the value by a percentage arrangement. Note: if an appraiser's fee depends upon the amount of the appraised value, then that appraiser could have a vested interest in reaching a higher value. Such a vested interest impai s objectivity. A pro fessional appraisal society, such as the American Society of Appraisers, holds percent age fees to be unethical. 3. No, you are not pro tected by the state in matters of personal property apprais als. No state in the Union supervises, tests, regulates personal property appraisers. It is Caveat Emptor: Buyer beware (and seller beware) in the marketplace for your possessions! Virtually the same lack of public protec tion holds true regarding real estate appraisals: only about a dozen states take even a half-hearted interest in supervising appraisers (by requiring them to hold real estate brokerssalesmen licenses). 4. Professional appraisal societies don't set fees or have a required schedule for their members. Basically, appraisers charge by the hour, or day, or completed project. Factors such as type of value sought (insurance, fair market value, etc.), appraisal purpose (con demnation, negotiation, etc.), estimated time to complete the appraisal, are some of the considerations which go into determining the amount of the fee. Ask your appraiser to give you an estimation of the fee for your particular apprais al problem. For a free booklet on how to choose an appraiser, send stamped, self-addressed, business-size envelope to: American Society of Appraisers, Dept. A., Dulles Intl. Airport, P.O. Box 17265, Washington, D.C. 20041. "For the unlearned, old age is winter; for the learned, it it tht; season of the harvest." Hasidic Saying What's New at First Capital? Tl E 90-DAY WONDER a An; .if. ! Interest compounded daily. 8.328 EFFECTIVE ANNUAL YIELD 90 Day term. $500 Minimum Deposit. Penalty for early withdrawal. Savings insured up to $100,000. FIRST CAPITAL SAVINGS AND LOAN ASSOCIATION, LTD. Norfrgate Mall, Durham, 286-1241 Chapel Hill, 92W438 from Yowr bcn!f TIT By Pat Ingram An honest error in arithmetic could cause you to write a check for more money than you have in your account. Many people who overdraw their accounts do so because they didn't take time to balance their records. An overdraft is costly for the bank, and at least part of the cost is usually passed on to the account holder. Reconciling your bank balance to avoid these problems takes only a few minutes a month and a little simple arithmetic. Most banks provide a place on the back of the monthly statement for easy balancing. This form gives step-by-step instructions to simplify the balancing process. If you cannot get your records and the bank statement to agree, you may have made a simple error in arithmetic. Here's a checklist to help find Bonding For Minority Contractors By William A. Clement, Jr. Many minority contractors report that without the Surety Bond Guarantee Program, they would not be in business today, especially those relatively new firms that have not yet established the necessary track record re quired to obtain bonding through regular channels. If you are a minority contractor, in order to qualify for a bond guarantee, you must be able to show that a bond is required to get the contract, and that it can not be obtained on reasonable terms and conditions without the SBA's guarantee. Applications for this assistance are available from your nearest SBA Regional office. When completed they arc lorwarded to surety underwriters by an in surance agent with whatever credit, financial and ex perience data is required by the surety company. SBA charges a small fee for this service and the insurer pays SBA a portion of its bond fee for the guarantee. If the contracting firm develops a good track record under SBA's bonding program, it may be eligible for further assistance through a surety bonding line This COPING Black Suicide By Charles W. Faulkner volve himself in pleasant activities with his new neighbors; the elderly person who has found few peer group members with whom to socialize; the unemployed person who has developed a sense of social uselessness and rejection; the criminal who is denied access to socie ty's benefits; and the divorced person who is unable to readjust to the new society that has been thrust upon him. Research has shown these categories of individuals to have significantly higher rates of suicide than others. The single characteristic that is prominent in each category is the phenomenon of isolation. On the other hand, the elderly black person is trapped in his old age with no where to go. He is isolated from a youth-oriented society, isolated from his children who are in a time-consuming struggle for their own survival and isolated psychologically simply by his knowledge that he is black. SAT., JUNE 2t, 1829 TKECARCUXATJSIl-lj the problem: ; Check your arithmetic. Add u the outstanding checks again. Check the bank statment against your checkbook to be sure you recorded automatic payments or other charges. Make sure all transactions made with an auto mated teller machine were recorded. Make sure each check was recorded accurately. Check for errors when carrying the balance for ward and for arithmetic errors in the checkbook. Compare amounts on deposit tickets against amounts r-..-orded. If you st i ' i cannot balance, ask your banker for help. Keeping your checkbook current at all times makes balancing it against the statement a simple task. It's also comforting to always know just how much mo u y you have in your account. Pat Ingn.n. . banker for 13 yxars. it Pertonal Banker and assistant o & manager at Wachovia Bank and Trust Company in Robbintr I - type sen.: expedites the issuance of bonds from the surety aiv he guarantees by SBA. You, ;i : small minority contractor, are required by the private and government sectors to post bond on cer tain i conti; cis to assure the purchaser of your ability to perform o to protect the purchaser against loss due to damages Three most commonly used bonds are: Bid ronds to assure that a bidder can perform on a contract md that additional bonding can be posted if the contact is awarced. Performance bonds to reimburse the owner (obligee) for damages if the contractor fails to perform as specified on an awarded contract. Payment bonds to protect the owner (obligee) from losses due to the legal entanglements of liens against his property if the contractor Tails to pay his debts. From the beginning of the Surety Bond Guarantee Program in 1971 through December 31, 19,79, SBA's bond guarantees have resulted in 100,774 contracts -worth slightly over seven billion dollars. Of these con tracts. 15,351 went to minority owned firms for $94 million. Young, black men have a significantly lower rate of suicide than young white men. Young black men are more involved socially with their families primarily because heir families depend on them financially. Young white men would then have few necessary restraints imposed by their families. They can break the chain of dependence and search for new horizons. When people lose their social and familial connec tions to others for any reason, be it good or bad, they tend to become' frustrated and withdrawn from society with a feeling of rejection. Rejection combined with frustration, and a limited outlet for emotions, turns into inner-directed aggression violence against one's self. The person who feels that he will be rejected or denied the benefits of society because of who he is or what he is, tends to withdraw and enhance his isolation. His feel ing of rejection, loss of personal satisfaction and inabili ty to influence others is the beginning of what is referred to as a "suicide syndrome." Qofe.C makes mm. t :-a c. i a mixed drank soft Calvert Kxtra mixes up into delicio i-ly smooth drinks. Soft Whiskey does what any w hiskey does, only softes. ITie Soft Whiskey ( ,alvert Lxtra Jr ' x t kl : vr ? & ( EXTRA ' Jiv ' six 'XxSt V J 11 I
The Carolina Times (Durham, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 28, 1980, edition 1
15
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75