Newspapers / The Carolina Times (Durham, … / Feb. 28, 1981, edition 1 / Page 12
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i i m our annual assessment of blacb business and economic development, the National Business League noted the grim prospect of rising inflation and a deepen ing recession into 1981. Although we issued a generally Soomy forecast for uncertain economic conditions as a ickdrop for black business development, we reamin i convinced that the decade of the 80' s holds enormous .'potential for the expansion of black business enterprise. : Our conviction is based, in part,' in the national agen da that the League has set forth, and the enterprising , .spirit of a host of individual entrepreneurs, corpora . tions and firms across the nation. Having set our sights on success in the economic arena, NBL is determined to assist the growth and expansion of the black and minority business community jso that, at the "bottom line", we remain in the "black". As noted in our annual assessment, the grim pro spects of inflation, unemployment and recession are not insurmountable ; challenges to this nation, ot this Organization., In fact, our outlook for the economic pro ,gress of blacks and other minorities in 1981, and throughout this decade, is brightened by the positive and aggressive determination that has historically i characterized the National Business League. We need I not take a "wait and see" mentality; rather we need to assert 011 "can do" attitude, and show that we "can do" business now. In 1981, we expect to witness a resurgence in the ef- Down To Business;? ; :Y: Black Business Development: Oh The Road To Recovery in 1981 - " By Theodore R.Hagans, Jr. President, National Business League .forts of black entrepreneurs to penetrate productive markets and gain access to growth industries. In line , with that objective, the League is presently engaged in a project to identify areas of growth potential and target the industries with maximum viability, for, black and minority firms. ,; -'.'"V X 'XX'-'XXXX ' Our efforts include establishment of a data network ' to assist black and minority firms, and the implementa tion of a demonstration project in five cities to test the effectiveness of such a programs The initial response to our efforts has indicated that, not only is there a wide ' range of opportunities within new growth industries, but there is also a wide range of established or develop ing black and minority firms ready, willing and eager to get in on the ground floor of such enterprises. . Our outlook for 1981 also calls for continuation of the cooperative efforts and joint Ventures that have begun to make partnership, both in the private sector and with the federal government, a meaningful strategy; for economic development. We anticipate a greater level of unity in the black minority business communities because it is not only essential to thriving commercial centers, it as crucial to our very survival as well. Toward that end, the National Business League will intensify its efforts to establish an independent financial mechanism for the benefit of its members and others in the black and minority business community. While many of our approaches will-be new, such a concept is not. As early as 1924, League members and supporters pooled their resources to provide an initial capital base for an investment fund. Throughout our history, the Idea that blaefc people should have, from their own resources, some kind of funding mechanism that could be used for black business and economic development has remained a strong and vibrant concept. This year, the League will redouble its efforts to translate this con cept of a funding mechanism into a meaningful reality Moreover, given the League's recent acquisition of a minority enterprise small business investment company (MESBIQ, we are Well on the way toward achievfe? that goal. .:'VJ.-'; -' - , In addition, the League has resolved to embark upon a building campaign in 1981. Having located an accessi ble site in the nation's capital, we plan to construct a complex which win serve as the headquarters for our na tional office, and other major black and minority business, professional and trade associations. Such an edifice will provide a remarkable testament to the idea that wealth, business and race unity are fundamental to our full and equitable participation in this nation's economic mainstream. The main thrust of all our efforts, ahd mdead the primary focus of our national agenda, is to increase the ... economic opportunities available to our people. This undertaking this task of economic development is as vital to the prosperity of our communities as it is to the stability of our nation. As we move into this new year, it is clear that there are many grim obstacles and conditions blocking our path. However, NBL is determined to share in the fram ing of the economic policy decisions that will guide the nation's future, and contribute to the development of viable economic alternatives that can turn our com munities around, Given our determination, and our "can do" spirit, all we need is a greater access to the productive elements of this nation, and we can gel down to the business of economic recovery for us all. In spite of lofty predictions by pundits and political animals, all is not well everywhere in the U.S. this year,. You are in good shape it seems if employed in the high technology, defense or energy industries. In deep trou ble in steel, auto or housing field. t Finding a solution to the slippage is something the Reagan team will try to sneak up. on and seal tight. ; Taxes have long been taken for granted as the natural 'enemy of economic growth by the Republican Party. Paring them down is top priority of the new President's! Administration. , All those employed can look forward happily 'to' higher take home pay by the end of the year. In fact, if you are employed, now is an excellent time to reassess! investment vehicles and goals for the 1980's. . This year will bring a series of new investment oppor- . tunities. 1981 will be lack-luster for at least the first half of the year, actually running along the brink of a reces sion. Interest rates jjrpbably peaked in January and lower inflation with a modest recovery is expected in tne Fall. Finding a good capital gain growth situation for some investors should prove quite profitable in 1981. New VLSI technology in the semi-conductor industryon line data base systems in the computer area, satellite - peripherals and molecular biology are the fields for the investors to dig this year. Today's hand held calculator has more computing power of the giant machines of the early '0s. jrcordin to very successtui vemuie capitalists, lndeeu, there is yet another successful venture capitalist on Mr. Reagan's economic transition team, who also specializes in State of the Art Technology. An area to be counted on to be taken care of by the new administration. Selection of the Secretary of the Treasury, Mr. Letter To The Editor Qn January 15, thousands of people rallied together topay honor andtributeo Dr.MaritttjAthW'King, JtVH It was hisirthday? ' People' gathered 't&4how their? respect and to demand that his birthday be declared a national holiday. Why should Martin Luther King Jr.'s birthday be declared a national holiday? Because his gift to 1 mankind cannot be surpassed. He opened our eyes to' the injustices faced by the human race. Martin Luther King stood for a strong cause and we can't let it die. Reverend Martin Luther King was one of the princi ple leaders of the Civil Rights Movement. It was' through him that blacks all over the USA joined' together to gain the rights of a true man FREEDOM.; He was jailed for us, beaten for us, and killed for us. We owe it to ourselves and more importantly to Martin' Luther King Jr.'s work to nationalize his birthday. It i was the birth of a great leader. How can we achieve this goal? First, we must remember his "dream". Have we accomplished it?, Secondly, we must write letters of concern to our con-' '. gressmen, representatives, and the President. We as: concerned black citizens should want to fulfill Dr. King's dream for it is our dream too. To be FREE is ; . every living creature's innate desire. To continue to let January 15 pass by without proper recognition as a great man's birthday would defeat ' many of the things Martin Luther King Jr. stood for. It would defeat us as blacks. Will you stand for it? Will you be brought back down and told which toilet you can use? Will you stand for poor innocent children to be murdered? Right now it is Atlanta, it could begin in your hometown, your neighborhood. Will you stand for it? We all want to believe that times have changed and that the majority's way of thinking has changed but, it hasn't. You must be aware and you must continue to fight. It is your only way of survival. A birthday may not seem all that important but, isn't it? I am sure each and every one of us can remember or has been told of the injustice faced by blacks before the Civil Rights Movement. Surely, you want to uphold freedom and continue to move forward with justice. Surely, you will help honor our great leader, Reverend Martin Luther King Jr. Surely, you will do your share to continue to fight for justice, to continue the dream of Martin Luther King, for it is still our dream. Surely. Vanessa Burton Carrboro They call it "The Overnight Wonder for constipation. Are you uncomfortable with your laxative? Then meet the little white pill they call "The Overnight Wonder?' Just one pill at bedtime safely, surely stimulates your system's own natural rhythm. Overnight. So in the morning, you're back on the bright side. Comfortably! It s a good feeling. What is "The Overnight Wonder"? Ex-Lax' Pills. That's right -piUs from Ex-Lax. Look for the white box. Use only as directed. , Business In The Black Year of the Tax Cut An Attempt at Job Creation By Charles E. Belle Reagan's stock investment broker, is right in line with this type of investment thinking. Tax proposals by the new administration are likely to be advantageous to those who acquire securities. m Dream (Continued from Page 10) again, this time in another neighboring state. The copy that came into my :' hands was distributed to white patrons of a fast food restaurant. It was left on the table and pick-, ed up by a black employee. I am certain that it was '. not intended to fall into his hands, or mine, since it clearly states "This paper is not to get into the hands of any Negro mothers, (don't worry about the fathers, they don't show up for nothing) or Negro children. Any reading of Mdioorned vptq gets into' the hands of your maids or yard boys." The Oath says that "all white - high schools will send Negroes home, for any little thing they do so , that we may have on record their lack of in terest in school." The goal was set at an average of 240 suspensions per month because "we feel that Negroes are getting more education now than they will ever use." Just reading this trash makes me sick at my stomach. I am literally trembling with rage as I write. The sickness of mind and spirit which pro duces and perpetuates this kind of hatefulness is beyond my comprehen sion. What an awesome price we pay in this coun try for the blessing of freedom of speech. If the reproduction annd distribution of such material is so odious to me, why ani I writing about it and sharing it with a larger audience? Am I an unwitting co conspirator by calling it to your attention? Maybe so, but I am tak ing the gamble that the knowledge that this kind of thing is still happening in America ' will shake some of the good people out of their lethargy. We've grown lax in our ef forts to guarantee an equal opportunity to all our citizens. We have been lulled into a sense of satisfaction by past pro-' gress and have deluded ourselves that the job was done. Let this be a warning signal, an alert to renewed dedication. "We have promises to keep, and miles to go before we sleep." Some tax proposals by the administration may seem to be for senior citizens and super corporations at first glance. But go further and you will find a fortune will be made by investors in good growth stock situations with a minimum of taxes to pay. Sure-relief from scheduled increases in social security taxes and some upward ad justment to twelve per cent from ten per cent is propos ed for the earned income tax credit (EITQ is put up front for public view. But keep your eyes on every door at the tax trough. Take personal income tax, capital gains taxes and stock options as examples. Excellent energy will emerge from this administration to allow the present brackets to be broken down. Thus, making it easier and more beneficial to bring large profits into the pockets of equi ty investors. ' In the event one is of the economic belief that in dividual opportunity for great profits will correspon dingly generate job growth, a wait and see attitude is still in order. raoSg tetetto on! . t .. mm iinnm m m -LmJTXmKM I LJ LJ V L-J U J1l4 , Carolina Friends School We are now accepting applications for the 1981:82 school year. Friends school is located in rural Orange County with early school programs (3-5 year olds) in Durham and Chapel Hill. The school program, presently enrolling four hundred students, runs through high school and features self-directed learning, small classes, and concentrated skill instruction. In keeping with Quaker Tenets, the school seeks a diverse student body of all creeds, 'races, nationalities and social and economic . backgrounds. Busing and limited . ttution assistance (based upon need) are available. For information please call 383-6602929-1800. Otounttngnur Plotting If you name lifetime gift to The Salvation Army, you may not only enjoy tome tax. benefit, but also con tinue to receive income from the donated money or property I Why arc we doing it? Because you want to save money. And we want to sell cars. Chevrolet and participating Chevrolet dealers want to help get America rolling again, with cash bonuses for retail buyers on four of the most appealing Chevys. There's a 8500 cash bonus on Citation and Chevette, a 8700 bonus on Camaro and Monte Carlo. You can use the money as your down payment or get a check directly from Chevrolet You must take delivery between now and March 19th. With spring not far off. now's the perfect time to buy a new Citatloa Chevette, Camaro or Monte Carlo. So see your participating Chevrolet dealer where, in addition to good deals and convenient financing, you can now get big cash bonuses on thesefour great Chevys. Note to fleet buyers: See your participating Chevrolet dealer for details on fleet bonuses. m mm CHUB mil "OIGUETTE 39 SSL in ennnon 35 51 24 '01 COO 20' DOS BUY NOW. CASH BONUS ENDS MARCH 19th. Use estimated MFC for comparisons. Your mileage may differ depending on speed, distance, weather. Actual highway mileage lower. 15 Liter 4-cvl engine with optional transmission: without air conditioning, wwuf tfmat ixaist . i
The Carolina Times (Durham, N.C.)
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Feb. 28, 1981, edition 1
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