TUESDAY
NAACP’s Emphasis Day
Dr. William Robinson, author of “Roots, Race
and Religion,” will be the guest speaker when
Raleigh-Apex. NAACP Branch celebrates
Emphasis Day.
Page 7
Back To Roots j
Whoopi GJoldberg is among the first wave of
entertainers to visit South Africa After a
cultural boycott faces opposition and
controversy.
Page 8
This Week
Singer Josephine Baker
first appeared in Paris in 1925
with the show, “Le Revue
Negre.” But she did not
Sr at Harlem’s Apollo
re until 1951. At age 45,
she came with a wardrobe
(See THIS WEEK, P. 2)
Dept of Cultural
Resources, N.C. State Library
109 East Jones Street
Raleigh NC 27601
e Carolinian
RALEIGH, N.C.,
VOL. 51, NO. 19
TUESDAY, JANUARY 28,1992
N.C.'s Semi-Weekly
DEDICATED TO THE SPIRIT OF JESUS CHRIST
SINGLE COPY Qr
IN RALEIGH ^30
ELSEWHERE 300
Economic Leadership Needed
Wall Street Wins, Unemployment Soars
BY JJL CHANEY
An AnalyiU
ThoM of us who grow up during
the Depression are reading and
hearing the same sort of business
news we did then.
Much of it is as bizarre to us at age
72 as it was when we were 12.
The similarities persuade at least
some of us that:
•The “recession’ is in fact a “de
pression” as pervasive as the one
some 60 years ago.
•The “recession” was spawned as
was the Depression, on Wall Street.
•The national economy can’t be
revived by a quick fix. President
Bush will have to prescribe stronger
remedies than he’s expected to in
the budget message he’s scheduled
to send to Congress Jan. 29.
•The Securities and Exchange
Commission and other regulatory
agencies will have to seal the loop
holes exploited by corporate raiders
and Wall Street speculators.
•Congress should determine
what it can do to protect companies
from hostile takeovers. It also
should consider what to do about
leveraged buyouts, junk bonds and
chicanery.
Deals made and financing ar
ranged—and in many cases pro
moted—by Wall Street establish
ments, and the exhorbitant commis
■ions, fees, and charges they collect,
have turned equity into debt. The
resulting debt overburdened survi
vors of Wall Street transactions.
The RJR-Nabisco debacle is an
example of the consequences. The
abandoned site of what was to be a
high-tech bakeiy in Garner is a
reminder. P.R.H. Macy, the prestig
ious department store chain, spon
sor of New York City’s traditional
Thanksgiving Day parade, is stag
gering under debt incurred in a lev
eraged buyout in 1986.
Revco, another Wall Street victim
forced into bankruptcy, has been in
imbo since 1988. Threatened by a
(See RECESSION. P. 21
No Clues To Finding Estes
Case
Remains
Mystery
Wake Forest area resident and
West Cary Middle School Principal
Irmis Estes mysteriously disap
peared Jan. 19 from his northern
Wake County home.
Firefighters from northern Wake
County fire departments and
county sheriffs deputies will spend
the weekend searching woods and
fields near family-owned property
on Camp Kanata Road.
Estes’ abandoned car was found
near a deserted trailer Monday but
searchers were unable to discover
any dues concerning his disappear
ance and later called the search off.
However, nearly 60 law officers
and volunteer firefighters resumed
the search Friday amid reports that
the 42-year-old educator may have
been despondent.
“They developed some new infor
mation that would tend to make us
think he committed suidde * said
Maj. David F. Waller of the Wake
Sheriffs Department. “I think the
psychiatrist said he had mentioned
suidde in the last couple of weeks.”
Estes was last seen by his wife,
Estelle, Sunday morning as she left
to attend church at Woodland
Chapel Baptist Church on Camp
Kanata Road, about half a mile
south of where Estes’ car was found,
according to Capt. D.T. Bellamy of
the sheriffs department.
Estelle Estes told investigators
she had left food cooking on the
stove and asked Irmis to watch it.
When she returned from church,
Irmis was gone and the food was
burning on ths stove, Bellamy said.
Family members located Estes’
car late Monday behind a deserted
family-owned trailer near his
father's home, just north of Camp
Kanata, according to Bellamy.
Tuesday, searchers, family mem
bers and friends gathered in a
nearby field around 2 p.m. to begin
the ground search.
(8ee IRMIS ESTES, P.2)
$■ w mm ■
I
PROMOTING EDUCATION—The Roman Catholic Church,
worried about decUning enrollments has launched a
competitive campaign as an aRernative to public education
under the theme “Discover Catholic Schools,” during
Catholic Schools week Jan. 26-Fob. 1. Schools in Raleigh
include Cathedral School and Cardinal Gibbons. In photo,
Bishop F. Joseph Gossman and some students are seen
discussing plans for Catholic Schools Week.
Raleigh Preschool Seeking Ways
To Expand Racial Diversity Plan
Raleigh Preschool, a parent coop
erative school for young children,
has been relatively unknown to
Raleigh’s black community, but a
school committee is hoping that will
change.
Founded in 1952, the school has
been at its present site on Ridge
Road since 1960. Although RPS has
long welcomed students of all races,
cultures, religions and national
backgrounds, it has had limited
success in attracting black stu
dents.
At the urging of parents and
board members, the school formed a
diversity Committee to look into
ways of expanding the school’s ra
cial diversity. Committee members
Believe that not only will the school
Benefit from greater diversity, but
families who join the RPS commu
nity will benefit as well.
Registration for the next school
year (September 1992 to May 1993)
will begin Feb. 24 and run through
Feb. 28. New families are urged to
submit applicants at the school on
the first day of registration.
This year, the board of directors
adopted a proposal aimed at giving
some preference in class placement
to minority students. The Diversity
Committee hopes this new policy, as
well as other efforts, will encourage
minority families to apply to the
school.
(See PRESCHOOLERS, P. 2)
Child Care Services
Fail To Meet Needs
Of Today’s Families
BY FLORENCE GLASSER
Special To The CAROLINIAN
As more and more mothers enter North Carolina’s labor
force, the need far affordable, quality child care becomes
crucial to our economy and to the future of our society.
Women now constitute nearly half of North Carolina’s
workforce. Nearly 66 percent of mothers of preschool chil
dren and 77 percent of mothers of school-age children work
outside the home.
Despite the growing number of child care facilities in
North Carolina, the services available remain inadequate
to meet the needs of today’s families. Parents of infants,
toddlers, preschool children and those living in rural com
munities have an especially difficult time finding suitable
care. Those complexities multiply if the parents work eve
nings of rotating shifts, as most care providers acoommo- ■
date only the 9-to-S employee.
The despair over child care fails to end when school
begins. Mothers and fathers who leave for work before 8
a.m. and return after 3 pjn. must patch together early
morning, late afternoon and evening care, and supervision
for the days when school holidays do not coincide with their
work schedules.
Moreover, the few who are lucky enough to find suitable
ohild care are often unable to afford it, especially low
income and single-parent households. Child care costs in
North Carolina average about $2,300 per child annually,
representing the fourth largest item in the family budget,
following housing, food and taxes. Child cam for my grand
daughter, for example, costs the same as my daughter’s
tuition for medical school.
In addition to the costs and inconveniences, quality
causes further conoern. Parents not only want their child’s
safety and security guaranteed, but also prefer an environ
ment that fosters healthy development. And anxious par
ents are less productive workers.
Unfortunately, many homes and centers in North Caro
lina am overcrowded and unable to offer children individ
ual attention. North Carolina’s regulators for the ratio of
children and to caregivers remain among the weakest in
the nation.
(See CHILD CARE, P. 2)
Affordable Housing Project *
CICNC Leads As Lendina Consortium
With the addition of its 110th
member, the Community Invest
ment Corporation of North Carolina
has become the largest lending con
sortium in the United States, ac
cording to Doris Schnider, president
of the statewide corporation.
“We are proud that CICNC has at
tracted so many members in its first
year. Although it is still a fledgling
corporation, CICNC’s notable sue
ceases indicate that it will have a
significant effect, in alleviating the
shortage of affordable housing in
our state,* Ms. Schnider said.
Between 15 and 20 similar lend
ing consortia exist across the nation;
only a few, including the community
Investment Corp., operate state
wide.
CICNC is a consortium of 110
community banks and savingsinsti
I
tutions dedicated to providing fi
nancing for multi-family, low-in
come housing developments. Mem
bership is open to all community
financial institutions across the
state that are also members of the
North Carolina Alliance of Commu
nity Financial Institutiont. Cur
rently CICNC is comprised of six
community banks and 103 savings
institutions.
CICNC also offers a special cate
gory of membership that is open to
the state’s largest banks. Na
tionsBank, the fourth-largest bank
ing institution in the country, be
came CICNCs 104th member in
December 1991.
Incorporated in December 1990,
the Community Investment Corpo
(See HOUSING, P. 2)
1
LIFE AND LE6ACY - The seventh national holiday
honoring Dr. Martin Luther King. Jr. attracted an
estimated 6,000 people to the various public observances
in downtown Raleigh on January 20. In this scene
attendance at the MLK Interdenominational Prayer
Breakfast at Broughton High School Cafeteria is shown.
(Photo, J. Giles)
Lee Monroe Asking
College Board Not
To Renew Contract
MIAMI, Fla.—Dr. Lea Ever
ett Monroe, Jr., ninth presi
dent of Florida Memorial
College, Miami, Fla., has
asked the board of trustees
not to renew his contract at
the end of this academic year.
Monroe expressed a desire to
return to North Carolina, his
home state, to pursue an
other opportunity and to be
closer to his sons Rahsaan
and Shaka.
Monroe assumed the presi
dency of Florida Memorial
college in March 1990 and
many important accomplish*
ments and achievements
have been made during his
tenure. The college has:
•Resolved many of its fi
nancial problems and is oper
ating in the black;
•Increased the number of
faculty with terminal de
frees;
•Developed and imple
mented an annual fund cam
paign, raising $1.29 million;
•Raised $1.68 million in
(See LEE MONROE, P. 2)
... ,*>• ...
DR. LEE MONROE