Sara Lee Provides Workshop
For at-risk Neighborhoods
Sara Lee Corporation present
ed a program on corporate sponsor
ship of education at the recent
Southeast Regional NAACF con
vention.
Through its Knit Products
Division of Winston-Salem, Sara
Lee has spearheaded a program for
support of public education in at
risk neighborhoods.
The success of this program
drew the attention of the National
Association for the Advancement
of Colored People and a request to
share information about it a t the
Region V convention. Lena Turner,
manager of Human Resources for
Sara Lee Knit Products presented
the program with Audrey Fisher,
director of education for the South
east Region of NAACP.
Fishef also presented an award
to Turner for her leadership in sup
porting special educational pro
grams for at-risk children.
Turner has been the key oppo
nent for corporate sponsorship of
programs in which successful busi
ness people are matched with
inner-city students to act as role
models. Sara Lee Knit Products ini
tiated this program several years
ago with Turner heading up the
effort.
Business
Pictured are: Audrey Fisher, director of education for the NAACP% and
Lena Turner . manager of Human Resources at Sara Lee Knit Products.
SHStoroft
3E*par
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Economic^ Plan GetsNegative Review
RALEIGH - North Carolina
small-business owners are taking a
pessimistic view of President Clin
ton's proposals to recharge the econo
my, according to a survey by the
state chapter of the National Federa
tion of Independent Business (NFIB).
Nearly three-quarters of the
business owners surveyed said if
they were members of Congress,
they would vote to oppose the eco
nomic plan.
Job creation in North Carolina
would suffer as well under the plan,
according to the survey. Almost
half the business owners said if the
President's plan was enacted, they
would end up providing fewer jobs.
- while two of five business owners
said the plan would have no impact
- on job creation. 5S percent said the
plan would encourage them to cre
ate new jobs.
Patricia Pleasants, NFIB is
state director, noted that more than
-half of the Tarheel business owners -
gave the President s economic plan
a failing grade, while one-third sug
gested his overall plan was "average
to good.''
"The mood among the business
community is one of concern for the
future, and over higher .taxes,"
Pleasants said. She added that three
out of four business owners said the
President's plan would be "bad" for
their individual business.
The least-liked feature found in~
the President's plan, according to
the NFIB survey, was that the pack
age did not reduce the federal bud
get deficit enoughv-followed by the
MONEY WATCH
By THEODORE R. DANIELS
The Financial Benefits
of Limited Spending
Most-of the wealthy-people in this country sacrificed spending to
create wealth. It is unlikely that you can increase your wealth in our
generally capitalistic system without limiting spending. It is true that
spending satisfies your immediate desires, but it does not necessarily
enhance your wealth (depending on what you buy). Many African
Americans are caught up in the "work and spend" syndrome (commonly
called "living from payday to payday). This must be overcome. In fact,
this is the first step toward increasing wealth. ?
Any portion of earnings or income not committed to the purchase of
necessities (food, housing, etc.) taxes, payments on debts and utilities is
available for saving.
Managing your money is both a challenge and a vital necessity.
Spending and saving your money require serious thought and considera
tion. You must discipline yourself in order to limit spending, given your
particular circumstances.
Here are some ways to limit spending:
a) Develop a personal budget that identifies all income and expens
es.
b) Decrease credit limits on charge cards.
c) Establish limits on the price you will pay for major and non
major purchase such as appliances, clothing and housing.
d) Maintain a small cash balance in your checking account.
e) Avoid keeping large sums of cash in your pocket.
f) Establish spending limits for entertainment or other recreational
activities.
g) Avoid social pressures to buy, i.e. keeping up with the Joneses.
Before you develop your savings plan you should identify goals, for
instance:
(1) funding a college education;
(2) developing a financial safety-net in the event of of illness, emer
gency or loss of job;
(3) retiring;
(4) purchasing a home; and
(5) making investments.
The personal and family goals identified by you should reflect the
values that you and your family hold. Of course, your goals may change
because your needs, wants, values and resources change during your life
time, but the goals should generally indicate a thrust of wealth creation.
Remember, it's not how much money you make that's important,
it's how much you keep!
If you have any questions or concerns, please contact Theodore R.
Daniels, P.O. Box 23558, Washington, D.C. 20026.
proposed BTl' energ\ t a \ and
"other taxes that hurt man\ busi
ness." On the up side, two of five1
business owners said the budget
proposed's best feature was tackling
the budget deficit, followed by
small business tax incentives.
Eight out of 10 business own
ers agreed that the President's ratio
of spending cuts to higher taxes re 1 >
too much on taxes. Warl\ one
quarter said they'd like to see at
least a two-to-one ratio of cuts to
taxes, while one-third said taxes
shouldn't even be a part of the plan.
The survey, conducted between
March 8 and April 8. questioned
7.868 NFIB members nationwide,
including 134 North Carolina NFIB
members. NFIB is the countrs s
4af^st-*rnalHnismi''^ ad\ ik ai >
organization, representing more
than 600. 00(1 business owners
nationwide, and more than 15.^00
North Carolina business ow tiers.
36 USC 300
SARA U K CORPORATION presents
OLYMPIC CHAMPIONS
100 YEARS OF GLORY ? SciWorks
APRIL 19 " MAY 16
400 Hanes Mill Road ? Winston-Salem, NC 27105 ? Phone: (919) 767-6730
Monday - Saturday 10 AM -5 PM ? Sunday 1 PM-5 PM
MAY 1-2
Physiology of Sports and Athletics
Sports medicine exhibit,
Nutrition exhibit table, and_guest : athletes
Appearing APRIL 30 & MAY 1
LORI ENDICOTT
BOB SAHUELSON
Members ot thel992 U S Olympic Team Volleyball |
Visibly Committed
I he work of the National Association for
I he VKaneenient of Colored People (NAACP).
ihe ( )ppoi amities Industrialization Centers
i OK i of \nieriea. the National Urban
I ca^iie. and the L'nited Neuro College Fund
C 'W
( I \( 'f ) is essential to the communities they
"ser \ e . I hat %' \\ by R . J. Rev holds Tobacco
( 'ompanv is committed to their continued
growth. No w here is this support more visi
ble than in the R..I. Reynolds Public Service
Millbo.m' Program.
I Ins program makes available to these
organ izat u>ns hundreds of high v isibility
l< g allons m dozens of cities coast to coast.
As a result, more awareness is focused on
the vital community development work they
carry out.
This is just one of the many ways R.J.
Reynolds, in cooperation with numerous
billboard companies, is demonstrating its
longstanding commitment to African
American progress.
A working commitment that is working
for all of us.
/z>
Tobacco Company