Newspapers / The Charlotte Post (Charlotte, … / May 4, 1989, edition 1 / Page 3
Part of The Charlotte Post (Charlotte, 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
Thuisday, May 4, 1989 - THE CHARLOTTE POST - Page 3A IBUSINESSm/S WEEK r—- I CDs And Money Markets Good Bets » Money market Instruments V have become more popular with J IndMdual investors during the ^l^^past two decades. Certificates of •^t)eposlt and Money Market ITEunds are now common altema- *^ves to pass book savings. -- Certificate* of Deposit f Issued by banks and savings 5 and loans, fixed-term fixed-rate J certificates of deposit (CDs) eire / an excellent way for Investors to ] look In current yields In a period i,'of falling Interest rates. When '' Interest rates rise, however, i’flxed-term CDs are not usually I considered to be attractive In- “ vestments because of their less- ' than-competltlve return. How- . ever, ownership of CDs with va- ;I rylng maturities can help to pro- » tect against fluctuating Interest > rates. ' CDs normally are Insured for > principal and Interest up to > ^100,000 by either the Federal > Insurance Corporation (FDIC) " or the Federal Savings and Loan r Insurance Corporation (FSLIC). > Some brokerage houses maln- I tain a secondary market for CDs I Issued by certain banks and ;; savings and loans so that Inves- ■ tors may "sell" a CD purchased from them and thereby avoid a I p>enalty for premature llqulda- • tlon. Some market risk is as- sumed, because Interest rates may have risen since the Instru- „_ment was Issued and therefore » you may receive less than what The Financial Comer with Marcus Butts you paid for a CD - should you decide to sell. If rates fall, how ever, the CD normally sells at a premium on the secondary mar ket. Money Market Funds A money market fund Is a mu tual fund with Investments In short-term Instruments, such as unsecured corporate or bank obligations ("commercial pa per"), certificates of deposit or government securities. Liquidity, relative safety and competitive Interest rates make these funds highly suitable Investments when market rates are rising. Some funds Invest alternately In short-term municipal bonds and notes to offer tax-free In come. Others Invest entirely In government securities for an added degree of safety of princi pal. Money market funds normally ON THE JplONEY with Lisa Collins Black Women Catching Up: According to a recent report dted In the Wall Street Journal, the black female working class Is catch ing up economical^ to black men at a much quicker rate than white women to white men. The report, citing 1987 statistics, re vealed that the nuijorlty of black female workers earned 76% of what tdack men made, as corn-pared to 49% In 1960. By contrast, salaries earned by white women was on the average just 52% of that of their male counterparts. What’s more, the average pay- checks of black women equaled 94% of what their white counter parts made, while black men esimed only two-thirds as much. Alas, the study also noted that just 30% of black women aged 15 to 44 were living with a husband compared to 52% In 1960, and 70% In 1950. Fashion Fair May WsU Load The Pack: It w^ in me i940's that John H. Johnson set out to build a publishing empire,—Its suc cess built primarily around Ebony and Jet Magazines. But times have indeed changed, and today It Is not Ebony that Is generating the lion's share of his profits, but Fashion Fair Cosmetics. What's more, Johnson well expects that revenues of the firm's cosmetics subsidiary will exceed volume of his publications— magazines like Ebony & Jet—five years from now. Founded In 1973, Fashion Fair (boasting about 180 products) Is already In over 2,000 major retail outlets. Including Nelman-Marcus and Bloomlngdale's. Revenues have been estimated at around $90 million, —representing a good portion' of the company's total sales, which last year topped $216 million. By all accounts. Fashion Fair Is In number one In today's ethnic cosmetics mar ket. The line Is an outgrowth of the Ebony Fashion Fair, which now In its 31st year, has racked up Its own share of success. '87- 88 attendance for the ever-popular traveling fashion show, reached an all-time high of 315,028. Over the last 30 years, total revenues raised by the show top $28 million. This year, 183 cit ies will be visited, with tickets ranging In price from $17 to $40. In Short: Despite some opposition from the NAACFs Detroit chapter and others. President Bush has fingered black Detroit attorney William Lucas as his pick for chief of the Justice De partment's civil rights division...A federal appeals court panel upheld an PCC policy giving minorities preference In obtaining new broadcast licenses...'Voikwagen has agreed to shell out $718,000 to about 800 former black employees in Its settlement of a six-year old racial discrimination suit. im% ■ IS^^I■ I%kw Iitfk w REMEMBER, NATIONAL PRAYER DAY THURSDAY, MAY 4th God without America is stiii God. America without God is nothing. The United States was founded by our forefathers upon our Creator, the Almighty God, America’s best friend ever. Since June 18,1963, there have been those in the U.S. Supreme Court and the Congress of the United States that have sold out themselves and tried to sell out America - but America is not for salel Yes, they have tried to undermine the very foundation of our Country by outlawing and standing against God, America’s best friend ever, the Holy Bible and prayer In the public schools. We ask that every American pray that God will remove them and give us back leaders that are Pro- God and Pro- American. The two are inseparable. If you are a member of a political party that is guilty of and carries the stigma of standing against the civil rights of our public school children to do so, then you may go to any public library and change your party affiliation. Do it today. If you stand for God, He will stand for you. If you stand against God, He wiil stand against you. The power of prayer turns the hand that turns the worid. Pray for America. •k AMERICAN -k DRY CLEANERS S LAUNDRY 1806 N. GRAHAM ST. 333-6111 charge no commission on pur chase or sale and may be liqui dated at any time 'without penal ty. Dividends are declared and paid daily and normally parallel current short-term Interest rates. Investors use money market funds to Invest cash when they are considering other Invest ment opportunities or to store liquid cash reserves. If you have any questions on CDs or other money Instru ments, please write to Marcus Butts, c/o The Charlotte Post, P. O. Box 30144, Charlotte, N.C. 28230. Chamber Business Fair Charlotte, N.C.'The Chamber's second annual Carolina Busi ness Fair Is being planned for May 16 and 17, at the Charlotte convention Center. The Char lotte Observer will again co sponsor the buslness-to- buslness event. Last year's event drew will over 5,000 atten dees. The 1989 Fair will feature two full days of exhibits, plus semi nars, entertainment, a purchas ing agents' luncheon on May 16, and Business After Hours mix ers both da5rs. "This event Is a perfect match for us, because we feel the Ob server has paralleled the growth of the business community," said Chrlo Schroder, promo tions manager for the Observer. "This gives us a chance to show case the growth of businesses in the Carolinas. "This area has experienced growth not only from the main core Industries, but there are a large number of new, small en trepreneurial businesses, which are potential business partners for us. The Fair gives us a chance to tell people how we have gro’wn and diversified into a regional publication." The Carolina Business Fair of fers participants a chance to ex change ideas as well as busi ness cards and to network with others In business, as well as opportunities to attend work shops on relevant topics. 'The challenge of the '90's Is ahead," said Schroder. "Businesses need to think smarter and be more creative, not just work harder. The wide array of network opportunities at an event like this can better prepare business people for the next decade." AUTO INSURANCE,LToi Low Monthly Payments i IS24 Gulum Street 375-9209 f Perm No More... Now Have The Chemical I^ok Without The Chemicals TRY AT'TU'WWATTTTTi' 1t...l*romotes oil retention ...Contains Natural mgredienta ...GiveB Italr a full bodied look ...Does not ait an hair giving that LUHemm.- weighted down look. with the. Altemattv* Lool ...Ellmlnatea breakage and aids hair that has been chemicalljr Abused. CALL: LIL HERRON (704)393-8387 LOOOi ‘for Spring CotorecC Contacts Lenses Let tfie contacts you wear show off that spcciaC image that's yours atone. Our fashion contacts come in a variety of ftattering cotors, so that you can have just the "tootf you want. Call Dr. Paida Newsome Optometrtet 1812 Lyndhurst Avc. 375-E^T*E*5 or 375-3035 YOU NEED AN ADJUSTMENT! Because Many Accidents Leave You With More Than A Dent If you have suf fered injuries from an auto mobile acci dent we can help Insur ance programs are accepted. Don't Delay Call Us Today Chiropractors... We Can Help WATTS CHIROPRACTIC CENTER 2501 Beatties Ford Road (7041393-3333 Charlotte, NC 28216 1704J393 // ^Make LoansFoir Cheers. At NCNB, we know that the pay-off involvecJ in getting a loan for college has little to ciowith money. It’s all in the way you look at things. Ancd at NCNB, we make an extra effort to see things your way. We’ll give you a payment scheidule that suits your terms, not ours. And a competitively low interest rate. So, stop by NCNB and talk with a loan officer. We’d like to loan you money for things you can’t put a price on. acsss A BiRBank Dedicated To Something Even Bi^erThelnciividuaT' )/ngLe " NCNBNatiomtBankof North Carolina EqualHousinglender. MernberFDIC. ©1989NCNB Corporation.
The Charlotte Post (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 4, 1989, edition 1
3
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75