Newspapers / The Charlotte Post (Charlotte, … / Jan. 12, 1989, edition 1 / Page 2
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Page 2A - THE CHARLOTTE POST - Thursday, January 12, 1989 BUSINESS rn/s week Survey Lists Best Black Workplaces NEW YORK (AP) —The Big Three automakers, the soft drink makers Coca-Cola and PepsiCo and oil giants Exxon Corp. and Atlantic Richfield Co. are among the best places for blacks to work, a magazine sur vey sa3fs. Black Enterprise magazine re leased a list of 35 companies Tuesday, saying those Included were chosen for the employers' commitment to affirmative ac tion and minority recruitment. Earl G. Graves, the magazine's editor and publisher, said the re cent waves of corporate down sizing, takeovers and restructur ing "have significantly Impacted on the numbers of black em ployees and advancement op portunities for blacks in some companies." But, he added, "Our survey clearly Indicates there are still many In the corporate commu nity strongly committed to the creation of a work place In which minorities can make sol id professional contributions and gain positions of power and Influence. "Our report also shows the Im petus for strong affirmative ac tion In corporate policy rniust come from Uie top down and be based on bottom-line Incentives for managers to support these ef forts," Graves said. To compile the list of 35 com panies with the best affirmative action records. Black Enterprise said It surveyed 270 employers on the number of minority pro fessional and non-professional employees, compensation, mi nority recruitment, manage ment training and employee de velopment programs, minority vending opportunities and con tributions to black organiza tions. Others on the list Include Inter national Business Machines Corp., Avon Products Inc., East man Kodak Co., Gannett Co. Inc., McDonald's Corp. and Am- trak. The magazine cited IBM for the fact that blacks comprise 12.3 percent of Its 3,850 managers; Avon for an In-house manage ment training program; Kodak for Its aggressive minority re cruiting and minority scholar ships; Gannett for rewarding managers for meeting affirma tive action goals; McDonald's for Its career-development and training programs; and Amtrak for the "sharp teeth" of Its affir mative action program. Graves said minorities are ex pected to fill the employment rolls as the nation's labor force shrinks. "Companies who are now creat ing corporate cultures which In clude minorities will be better positioned to meet the challeng es of domestic and International markets In the not-too-dlstant future," Graves said. The list Is contained In the magazine's February Issue, scheduled to be on newsstands Jan. 19. Local King Celebrations Continued From Page lA slstant Professor at the Univer sity of North Carolina at Char lotte; William Culp, Supervisor of the Charlotte-Mecklenburg Board of Elections; Major Leo nard Jones of the Charlotte Po lice Department, and Ed Wil liams, Editor of The Charlotte Observer editorial pages. Dr. Clifford Jones, pastor of Friend ship Baptist Church will serve as moderator for the session. The purpose of this forum Is to illuminate the social, historical, religious and political dimen sions of Dr. King's philosophy and to project what direction Dr. King and America would have taken had he lived. On Sunday, January 15, the Afro-American Cultural Center will be the site for a Gospel Sing fir)m 3:30 - 6 p.m. N.C. Speaker Controversy Continued From Page lA The Republicans, a minority In the House, want Ramsey out, and have sought the help of Democrats with axes to grind. "From a Republican stand point, they'd like to get a new speaker In there," he said. The challenge to Ramsey Is part of the political game, forc ing Ramsey to shore up his sup port among Democrats. When asked If Ramsey should be con cerned about his position. Blue said: "Oh sure. You always worry about it when someone chall- lenges It. I'd imagine it is caus ing some concern." As for Blue's hope of becoming speaker, he said the time Isn't right at present, but he'll work' toward becoming the first black to hold the position. 'You bide your time and pay your dues. 1 don't know how long It'll take, but sure. I'm Interest ed," Blue said. 'You can't sit back and let It come to you. TTie only thing that'll come to you Is the ocean." Lomax Runs For Mayor Continued From Page lA Lomax first entered public ser vice In 1975 when he was ap pointed Atlanta's Director of Cultural Affairs by Jackson. In 1977, Lomax was named Com missioner of Parks, Libraries and Cultural Affairs, and was elected to the Board of Commis sioners of Fulton County In 1978. He was elected chairman In 1981 and reelected in 1983 and 1987. Atlanta, which has a popula tion of 450,000—Is 67 percent black. It Is considered one of the most Important metropolitan business centers in the South with over 450 of the ccmntry's Fortune 500 companies having some type of operation In the Atlanta metropolitan area, ac cording to spokespersons from Mayor Andrew Young's office and the Atlanta Chamber of Commerce. Lomax, who has two more years to serve on the Board of Commissioners, Is expected to resign as chairman after qualif ying for the mayoral race some time next summer. With some exceptions, Georgia law prohib its public officials from holding one elected office while seeking another, a spokesperson In the Georgia Secretary of State Elec tions Office Informed the NNPA Black CoUege Giving Is Up Washington, DC - The United Negro College Fund raised a record $45 million in 1988, sur passing by $1 million the amount It raised more than a year ago, Christopher F. Eklley Sr., president and chief execu tive officer of the Fund, an- noimced. UNCF gained hundreds of thousands of dollars In benefit concerts by singers Michael Jackson and Whitney Houston, In 1988. UNCF, which has 42 member colleges, also raised more than $10 million In Its an nual telethon, led ty super star Lou Raa4s. The year 1988 was a pretty good year all aroimd for black college fund raising, led by co median and Mrs. Bill Cosby's Impressive $20 million gift to Fulton Takes Oath Of Office Judge Shirley Fulton will take the oath of office to become a Justice of the N. C. Superior Court at 3 p.m. Jan. 15 at the Afro-American Cultural Center at 401 N. Myers Street in Char lotte. Fulton, who Is currentfy a Dis trict Court Judge, won election to the highest court In the state In November. the All-black women's school. Spelman College, of Atlanta. In late December. Cosby Jilso gave an additional $800,000 to Me- hany Medical College in Nash ville, Tennessee. Cosby said he hoped his college gifts would trl^er other blacks to give. tKjt Cljarlotte Newspaper, Inc Published Every Thursday Yearly Rate: $21.00 USPS No. 965500 For information call: 376-0496 Fran Farrer-Bradley Advertising Manager Dannette Gaither Business Manager Jackquelyn Carr Production Manager Calvin Ferguson chief Photographer Send change of address to: The Charlotte Post P.O. Box 30144 Charlotte, NC 20230 How to get the most from your bank Laura Dotson What Is Collateral By Laura Dotson When you are planning to borrow money for a major purchase or expense, one of the first things to consider is collateral. Collateral is something that you let the bank hold as a guarantee of repayment. Something that the bank can use, if the loan is never repaid, to recover the outstanding debt. Collateral “secures” the loan and can make it easier for you to obtain a loan. In many cases, collateral is the item being purchased with the loan — an automobile or computer, for example. In those cases, the bank will hold the ownership papers, usually the title, until the loan is paid off. But other forms of property serve just as well. Savings accounts, certificates of deposit (CDs) and actively tradSd stocks are commonly used for collateral. Doctors and contractors often use equipment to secure loans. In general, property that has both a title or a serial number and a known market value is acceptable as collateral. Because they do not have a known market value, stereos and household furnishings do not make acceptable collateral. But a car or a boat would be acceptable if it is fully paid for. Your collateral must be debt free and not already pledged as collateral. The bank will want proof of ownership, which it will hold for the term of the loan. It will place CDs and other securities in safekeeping, and put a hold on a certain amount in a savings account used for collateral. (Of course, you continue to receive the interest or dividends.) Collateral is not a substitute for a good credit rating. Your banker must still receive a financial statement listing your assets, income, outstanding debts and regular expenses. You should bring a list or know what those are when you request a loan. Collateral is not used to repay a loan unless no other arrangements can be made. Even the best intentions and plans can be thrown off track by unforeseeable cir cumstances. Bankers know that, and if you try to keep them informed, they will try hard to work out a way for you to repay the loan without using your collateral, Not all loans require collateral. You can usually obtain a revolving credit line or a bank credit card without collateral. If you wish and have sufficient credit or you have a co-signer with sufficient credit, you often may borrow without providing collateral. But normally you can get a better rate and a longer term with a col lateralized loan than you can with an unsecured loan. Laura Dotson is a Personal Banker at Wachovia Bank and Trust Company in Statesville. You Can Leam Something New Each Week In tJlje Cfiarlotte Martin Luther King Holiday Sanitation Scheduie Monday Backyard Customers: No backyard pickup on Monday, January 16 Monday Curbside Customers: • No curbside trash collection CCD) on Monday. January 16 Tuesday thru Friday Customers: CHARLOTTE. No Change in regularly scheduled service Call 336-2673 Braces For Children & Adults Dr. PAUL A. McGILL D.D.S., P.A. "Practice Limited To Orthodontics” CONVENIENT LOCATION & SAT. HRS (704)375-7005 1404 Beatties Ford Road Northwest Gateway Professional Center Suite 200 • Charlotte, North Carolina 28216 Complete Income Tax Preparation for Both Individuals & Businesses Competitive Rates on BOOKKEEPING SERVICES for Small and Large Businesses MEL JACKSON ACCOUNTING SERVICE an Affiliate, has now expanded it's service and is headed by: EVAN WEBB, CPA. Evan has 25 years experience as a corporate controller and director. FREE PARKING Serving Charlotte For Over 40 Years 377-5209 201 & KINGS DR. ACROSS FROM CINEMA THEATER BETWEEN 3RD ST. & INDEPENDENCE UCBHas InvestmoTt Rates In Over SGEMfenait FTavot^ j LAWRENCE U. DAVIDSON, HI I 1 Attorney at Law ) (704) 338-9136 J 1 Practice limited to Civil Litigation 1 (Commercial). PERSONAL INJURY \ MAYBE IT'S TIME ^ ' m ^ ‘ YXJ r&O CONSULTED A LAWYER 1 1120-C Beatties Ford Rd. 1 jffi Charlotte, N.C. 28216 1 . APPOINThENTS REQUESTE .i: ^ 1 / • * I^VeGot QneToSuit MjurT^. Before you settle for another “plain vanilla” investment, check out over 36 rich rates from UCB. Not only do we reward you for the length of deposit, you get even higher rates based on the amount you invest. From CDs to money market accounts. For as little as $1000. It’s a sweet deal. And only from United Carolina Bank. Please call or visit us today for current rates. 377-6506 Substantial interest penalty for early withdrawal of CDs. CAROLINA Member FDIC “ThafeWiat IVthnt!”
The Charlotte Post (Charlotte, N.C.)
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Jan. 12, 1989, edition 1
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