Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / Jan. 5, 1975, edition 1 / Page 3
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January 5, 1975 * I The Ghetto 1 > <r ?- ? Subsystem ?/ by Charles T. Byrd, Jr. r 9 . The ghetto economy is markedly different from the rest of the economic system. It is the center for the bulk _of_ the " ' compared to national figures releaseddaTming to establish an ' average. As a matter of fact, the unemployment rate .in most ghetto neighborhoods is that characteristic of a depression. ^ ? * ... * ' , & The opportunities for development, progressive change and advancement are minimal compared to the rest of the economy. As a result a subsystem exists that operates, partly legal and partly illegal, to supply the ghetto resident with the services needed but unaffordable because of low incomes. * When the ghetto is compared with the rest of the economy, there are two reasons that can be noted for the evident differences. There is a continuous drain of income and resources out of the ghetto. Secondly, there is a constant inflow of people, cast off as unusable by the rest of society, that counterbalances those who are able to escape the decadence. The drain of income is obvious in the situation of savings by ghetto residents. The savings are in financial institutions that matfA thlk tnonc In ~ 11 A ?..v iv uuamvaaca anu iui mungages inai are outside the deprived neighborhood. Products sold in the ghetto are produced elsewhere and the owners of the retail establishments ? also live V4outside*\ Manpower also leaves the ghetto when it is able; taking with it skills and entrepreneurship that are. needed assets. With the structure that exists, it is easy to understand why the ghetto is such a useless limb of the economic body. It is obvious that to remedy this deplorable living condition, help must come from internal and external community and economic sources. 1 ? Subscribe to The Chronicle J\0. Box 3154 Winston-Salon*, N.C. 271021 w ? 1 I Jones steno Problems About 1 ? ? ?Pregnancy?? . I A Specialized Stenof Medical - Financial Legal 1 for: Professionals, B IF YOU HAVE 1 Churches and Lfcym< * Questions 1 Let Us Do Your Typ About Pregnancy i CALL Mcn.-Ftl. 1 Phone: (919) 724BIRTH CHOICE M2 I wlnstonSaaTemVh 723-8218 % 1 Winston-Salem, h ti Business iJ Curds I CUSTOM DE SIGNED CARD. IN SETS OF 500 ORI000 <J ; Phone your order in to: 1? The Winston-Salem Chr< 2208 Patterson Ave. PI The Winston-Salem Chronicle I fiDS Ivconsumersl mMTTWm llltWM ?Migll>l Your Christmas list probably didn't include purple satin pillowcases, a leopard print table cloth, a fuzzy angora ~''^V-y^'^Vre allergic _ can't quite squeeze into or a cigarette lighter you don'i want because you quit cmrtlrtrir* loo# M???' ft? - uiiiuniil^ lUOl 1 C01 5 LJiiy . But now that you have them, what can you do with them? Other than stuffing the gifts in a closet and writing gallant thank-you notes?you can try to return them, sdys the Better Business Bureau. That is, it you know where the gifts were bought. But even then, don't assume a store has to accept returned items; it doesn't. Except in cases of misrepre-* sentation or defective pro ducts, a store doesn't have to accept any of your returned white elephants. But most stores want your business, so there's a good chance you can get an exchange, credit or refund. If a store's policy allows returns, usually it will require proof of purchase. If the item was a gift, you won't have a sales slip. So take it back in the original box or wrapper when you return it. And try to ^""services^ graphic Service I usinesses, Industry M 2282 or 722-8624 1 . i.C. 27105 1 ILABLE!! Business Cards at REDUCED COST! Stop by our office and look through our catalog s onicle lone: 722-8624 Can I Return take it back as soon as possible^ after the holidays.. ...... If the store's policy is tc credit the price of the return tc nre JhaJ this.statement and that it stays there until you decided to use < . . n, Don't expectr a* refund on anything you've soiled or 11QPH THp Ctrtt?o *??? ? iiv aiwi v 11my nui uc able to resell it, and this just increases the cost of all items in the store for all customers. It also might prompt the store to adopt a stricter return policy. While you're returning unwanted gifts, you'll probably notice that everything seems to be on sale. This is a good time to pick up some real bargains..But it's also a good ^ime to pick up more white elephants. How many times have you bought something because it was on sale and then never really use it, or never really liked it? Buying sale items on ? - impulse when you really don't need or want them doesn't save you any money. Many items may be advertised as special values. You might see mittens and FOR SALE VI READY FOR OCC EQUAL HOUSING 3629 TALE AVE. - 5 r $12,450, cash down I balance payable on each month in 360 of $101.76 each in payment plus inter percentage rate of 1970 LYONS ST. - 6 r _ Price $15,750, cas balance payable on each month in 360 of $128.66 each in payment plus Inter percentage rate of 4' ... 436 HEMINGWAY ST. Veneer. Price $22, payment $1,100, ba first day of each i installments of $1 principal payment ; .annual percentage : 3850 QUEEN ANNE CIRC1 Veneer and Frame, ] down oavm??nf fil in/ I / on the first day ol monthly installment I including principal interest at an anni I of 9 1/2%. I SEE AIT BROKE! VETERANS l WINSTONI 723-921] Page 3 My Elephant? * 5? hats on a table with a sign saying, "Special Purchase. $1.99 to $2.99 $5 to $7 value." Rut if vnn ctnn fr. ? ? . av w ? J WM %V ' the items could^ really be expected to sell at $7 or $6 or even $5. * 7 ? * - * ' This is the time of year when you can get some good bargains in sheets, pillowcases and towels. But -if you buy linens in a white sale this year, you could get shortsheeted. Many manufactur ers, caught in the squeeze oi inflation, have simply shortened the width or length of their sheets. Some companies are doing this to avoid raising prices, and some are doing ii and still raising prices.?? ? You might not find the smaller sizes objectionable at all, but you better check the label to know - what you're getting. The accepted standard sizes of flat sheets'in the past have been? king,. 103" by 115"; aueen. 90" bv 1 IS?; full, 81" by 104"; and single, 72" by 104". t HOMES I lUPANCY _ OPPORTUNITY * _____ ooms, Frame, Price > payment $350, i the first day of monthly installments I eluding principal est at an annual 9 1/27.. ooms, Alum. Siding, h down payment $450, I the first day of monthly installments eluding principal est at an annual 9 1/2%. 5 rooms, Brick 000, cash down lance payable on the month in 360 monthly 75.75 each including plus inferest at an rate of 9 1/2%. I LE - 5 rooms, Brick Price $22,500, cash I ), balance payable E each month in 360 ts of $179.95 each L oavment dIub m I ? jal percentage rate I LICENSED I I OR CALL ADMINISTRATION SALEM, NC L Ext. 226 % .
Winston-Salem Chronicle (Winston-Salem, N.C.)
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Jan. 5, 1975, edition 1
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