P »ge 2, Portland Observer, May 13, 1987
* •
EDITORI AL/COMMENT ARY
M e a s u re 51
S m all C olleges and O regon's Rural
by W illia m E Davis
If the late Gabriel Heatter were reporting this story, he
ero rid have begun
Ah, there's good news tonight
A llow me to explain
In the northwestern Oregon com m unity of Joseph
pop 1,1551, a b ro n /e foundry w anted to expand its
plant and diversify its product. Eastern Oregon State
College's Regional Services Institute helped the bust
ness, w hich today employs 33 people more than it did
before.
T h is is the k in d o f sto ry th a t is he ard re p e a te d ly
a ro u n d our regional colleges in La G rande. A sh la n d
and M o n m o u th and our p o ly te c h n ic a l sch o o l m K la m a th
Falls
Lo cated in w h a t has been desi nb ed .is the o th e r
O regon. " people on these cam puses are using their
academ ic exp ertise to preserve and create jobs tti.it w ill
nelp to keep ou r sons and d a u g h te rs in O regon
For exam ple. Eastern de velope d the pro je t t p ro file
for sew er and d rin k in g w a te r system s th a t w ill serve
W a llo w a Lake
Eastern also helps local o ffic ia ls w ork to g e th e r on
co m m o n pro blem s, and it is n o t un i ornm on to see r <>m
m issioners in ttie 10 Eastern O regon c o u n tie s s iltin g
•tow n tog e th e r
A lth o u g h higher e d u c a tio d n is u n d e n ia b ly a m agnet
tor eco no m ic g ro w th , tha t m agnet clearly is n o t lim ite d
i om parues d u rin g th e firs, three m o n th s of this year
alone
It he lp ed a m a n u fa ctu re r o , a con sum e r fo o d pro
rlu ctr, p re vio u sly sold o n ly in K lam ath Falls, to p u , its
p ro d u c t in to in te rn a tio n a l m arkets
O regon Tech. S o u th e r and Eastern m aintain sm all
business d e ve lo p m e n t cen ters as par, o f a sta te w id e
n e tw o rk o f cou nse lin g tech nica l help and ed u ca tio n a l
services to local e n tre pre ne urs
Sin< e 19/9, Eastern and S o u th e rn have opera te d
regional services in s titu te s whose m ission is to use cam
pus resources to assist the ir areas
In e k h in sta nce , (obs are saved or created, local tax
bases a re b r o a d e n e d a n d co m m u n itie s are s tre n g th
ened
A s a result excellence in high er e d u ca tio n tea
i tung researr h and p u b lir serve e are p ro m o te d
W e s te r n O r e g o n S tate College m ea nw hile, is expan
ding its s e rv e
to t iti/e n s in the m id W illa m e tte Val
ley
W e s te r n Io. ated 20 m in u te s fro m ttie S tate C apitol,
o ffe rs i ' a itin u in g edut a ,io n classes in Salem , m a in ta in s
an e tt e i liv e stu d e n t transfer agreem ent w ith Chem o
keta C o m m u n ity C ollege and is pro u d o f its stro n g
pu blic s e r v il e i iiiip o rie n , (in clu d in g a lo n g term asso
n a tio n w ith die O regon Police Ac adem y w h ich Pains
m a n y of O re g o n
pole e o ffn ersl
to m a,or research un ive rsities in m e tro p o lita n centers
In ttie Rogue Valley for exam ple, S o u th e rn O regon
S tale College w o rke d w ith a d is trib u tin g c o m p a n y lic it
did $1 5 m illio n a year in business A fte r be in g s h o w n
flo w it c o u ld e ffit le n tly schedule e m p lo ye e * for greater
pro du i tiv ity . ttie co m p a n y was able to b rin g o u t a new
$300.(MX) p ro d u c t line w ith o u t in crea din g ove rhe ad
costs
S o u th e rn also co n d u c te d a survey o f O rego n Shake
W estern rm w is pre p a rin g a new li.e he lo r's degree
pro gra m in p u b lii p o licy and a d m in istra tio n designed
to p r o m o t e ttu e f t e i tiv e n e s s of Salem area state and
m u n icip a l em ployees
These are o n ly exam ples o f h o w Out in ve stm e n t in
O regon s three reg io nal colleges and O regon Tech are
no, on ly edur a tin g stu d e n ts tin t also p ro m o tin g the
health of Ini <il e< o n o m ii s
In o ttie r w o rd s ttie < .im poses are de fin e d not by
spe.irean fe s tiv a l audienr es to help to u rism p ro m o te rs
and is active in w ritin g Ja ckso n and Jo se p h in e , gun
ties strategies Io boos, to u rism revenues
then b o u n d a rie s
w ork
In K la m ath C o u n ty ttie sm all business d e ve lo p m e n t
center at O regon In s titu te o f fe . hn ology w o rk e d w ith
m ig h t have In v e rt
T in s is on»-
W '..." I
|i,
O n M ay 19th, P o rtla n d vote rs w ill be asked in a spe
cial e le ctio n to su p p o rt M easure 51 w h ic h w ill increase
the h o te l m o te l tax by 2 % to b e n e fit the arts
M easure 51 has crea te d consid erab le tu rm o il b e tw e e n
the Crty C om m issioners, som e businesses su p p o rte rs
o f the arts and th e h o te l m otel in d u stry
V e h e m e n tly o p p o se d to the m easure, the in d u s try
cla im s th a , tax w ill m ake P o rtla n d 's h o s p ita lity in d u stry
less c o m p e titiv e
They claim also th a , if the m easure passe*, th e c ity
w ill c o n tin u e to increase the tax, the 2'k. increase w ill
drive aw ay to u ris ts , re su ltin g in a loss o f business and
possible la y o ffs o f em ployer's
S u p p o rte rs o f M easure 51 a r g u e t t ia t P ortla nd s roo m
rates are the lo w e st o f any m a,or w est coast c ity and
w ill rem ain so even if th e m easure passes
They po m , o u , the a rts' im p o rta n ce tiy < laim m g th a ,
i, serves m ore tha n 2 8 m illio n people a year in,ei tin g
i k n o w O regonians
.
. ( i..,.. .il... o i ,n. o .. . .
s,
a n.,|r,...
t.iu. .a.. .
B ut th e arts and e n te rta in m e n t is a par, o f th is c ity 's
g ro w in g d e ve lo p m e n t and c u ltu ra l aw areness A lack o f
non s u p p o rt for th e m easure c o u ld have a far greater
im p ai t on w o rse n in g e co n o m ic d e ve lo p m e n t tha n the
2% m easure
nearly $100,000 000 in to P ortla nd s eco n o m y and even
a ttra cts m ore visito rs tha n spo rts or any o th e r a c tiv ity
So. w h ic h w ay s h o u ld P ortla nd ers vote? S in ce the
tax w o u ld o n ly a , fee, vo te rs if they lo d g e d at one of
the local ho te ls m o te ls, th e ch o n e . o u ld tie a d iffic u lt
One
Perhaps it was un fair to single o u , the h o te l m o te l
in d u stry ,o burden w ith this tax B u, w e m ust c ite the
C o m m issio n e rs' p ro |e c,io n th a , the in d u stry w ill b e n e fit
far greater tha n any one else
M easure 51 w o u ld increase th e tax fro m 9
to 11 »
(S eattle levies 12 9 ‘*>. and San Francisco 11'*„)
It
w o uld cos, an a d d itio n a l $1 80 on a $90 ro o m P ortla nd
w o u ld m ove fro m be in g th e 77,h leas, expensive m ajor
city in the n a tio n to 5 5 ,h
This w o u ld p u , P ortla nd ers
on d par w ith Sa< rarn en to
Ttie h o te l m o te l in d u s try raises a ju stifia b le co n ce rn
B u, vo te rs m ust also m an da te th a , the C o m m is
sioners de ve lo p a lte rna tives to new tax levies to s u p p o rt
the arts
The O bserver believes M easure 51 deserves a " Y e s "
vote
Letters to the Editor
I L ik e d Y o u r A d
but in s tis id by w tie reve i they are at
j o i n , n e w s s to r y I b e lie v e ( l u l i u c t H e a d e r
A n y tax increase poses a threat to tourism A ny loss
o f tourism poses a threat to the lodging industry Any
loss to the lodging industry poses a threat to employ
men,
A ny loss o f employm ent poses a problem for
Portland
The industry could be accurate in its assessment tha,
if the measure passes, "i, w ould only be a fo o t in the
d o o r” and the Council (as it indicated in its 5 0 vote to
place the measure on the ballot I could continue to in
crease the tax
Commissioner Lindberg, w ho introduced the mea
sure, has publicly stated tha, "th is is as high as the city
should go and the source should no, be used a g a in ."
The Observer shares the concerns of the hotel motel
industry
There is the possibility o f a loss o f revenue
from the increased tax and there is no guarantee the
source w ill no, be used again (as adm itted by Commis
sion Lindberg)
E xce lle n t' I liked your ad
or d o n ', buy at all
paper
"Tuesday buy fro m B lacks
You do m any exce lle nt articles and new s item s
ge, to o busy to tell you about th e m
Thankfully,
Evelyn Collins
Grace Collins Memorial Center
,28 N E Russell
I ,us,
Keep up ttie g o o d w o rk and an exi ellen , "n e w s
A ll A s ia n s N o t G u ilty
■
H H . I
________ _
MONEY
■
______________
Ttie recent ad ca llin g for Black s u p p o rt of Black bust
cesses run in th e A pril 22 anr, 29 e d itio n s o f the P ortla nd
Observer is an in sult to Asian A m e rica n s and o th e r
m in o ritie s
H I
W h ile
A w e e k l y i u l u l i l i , n t t p e i s n ii.il lm . u h e d i s t r i b u i r l i b \
In S e a rc h o f th e R ig h t
Susan and B ret, b o th w o rk fu ll tim e are avid travel
lers and have three active c h ild re n
It s been a year
since they received a sua ble in he ritance fro m S usan s
fa ttie r b u , bei .lose o f their busy schedules and dis
taste for fin a n cia l m atters, the en tire sum has been le ft
s ittin g in their passbook savings acco un t
D a w n, a tale nted s cu lp to r w ith an in com e appro.i< b
m g six figures, d o e s n 't kn o w th e d iffe re n ce t i e , w e en a
g ro w th sto i k and a co n v e rtib le b o nd anrl has no idea
w h y e v e ryo n e ’s been ta lkin g ab ou t tax reform
W h a t do tfiese people have in co m m o n ? I, is very
likely th a , each c o u ld beneit fro m th e services of an
expenem ed fin a n cia l planner, advises the O regon So
cie ty o f CPAs
\
L’. l ’ i »
Lastly, it is im p o rta n t to th in k of the personal fina n
i i.il plan as a pu n ess am , not a p ro d u i , Ttie financial
plan is an o n g o in g c o m m itm e n t it does,, , have an
end A n d it sho uld be review e d on a regular basis Any
num ber o f cha ng es m your life (birth s m arriage illness)
• • ' " I f h ........irio m y n u lla ,io n rale ma,or tax code chan
ges e i. i . o u ld nei essitate a change in your fina ncial'
rests o f you or the planner
On the other hand,
o n ly planners such as CPAs, cha rge only for the
vice itself
They m ay he D ie m ost o b je ctive since
charge a flat fe e usually based on an h o urly rate
It is essential to discuss in detail, the e n tire process
(in clu d in g i o s ,s i o f h o w the plan w ill tie developed and
im p le m e n te d w ith any planners you are con sid erin g
R eview the planner s ,ra k record, the nu m b e r o f
years he
ner and
son w h o
fina nt i.il
busi
Chareundi Van Si
Loa Refugee C om m unity
Victor Merled
Oregon Council for Hispanic Advancem ent
David Lester
National Native American Foundation
Jaim e J. Lim
Filipino American C om m unity of Portland
Robert Shim abukuro
W riter, Furniture Designer
Michael Service Corporation
Michael L. Steppin, President
In a d d itio n th is rhetoric w o rk s against tho se w h o
w o u ld stove to w a rd a so c ie ty th a , is aw are o f the values
o f a m u lti i u ltu ra l and pluralistic sot ie ,y for it divide s
and w eakens rather th a n un ifie s and s tre n g th e n s the
e th n ic m in o ritie s
I, is im p o rta n t for A sians. B lacks
and o th e r e th n ic m in o ritie s to realize th a , all A m e rica n s
are victim ize d w h e n an id e n tifia b le g ro u p is targ e te d
for verbal and or physic al abuse
Clyde Brummel, Michael Steppm
Members of Native Am erican
Business Alliance
Chisao Hata, Pres
Japanese American Citizens League.
Portland Chapter
Vietnamese Association Confederation,
State of Oregon (VACSO)
The idea o f c o m m u n ity su p p o rt o f Black businesses
can be ju s tifie d in and o f itself I, does n o , have to be
,u s,d ie d or, the (lacks o f Asian Am ern ans or oth er
e th n ic g ro u p s
G iven the w e ll d o c u m e n te d rise in vio len ce against
Asians na tio n a lly by w h ite s as w e ll as Blacks, it w o u ld
tie to th e ad vantage o f all P ortlanders to see tha , the
Hmong American A ssociation o f Oregon
Vietnamese Buddhist C om m unity of Oregon
Chris Kang
Phyllis Lee, Ph D
Management Consultant
T h e O b s e rv e r w e lc o m e s le tte rs to th e e d ito r
L e tte rs
sh o u ld be ty p e d or n e a tly p rin te d a n d sig n ed w ith
th e a u th o r's n a m e an d a d d ress (ad d resses are n o t pub
lish ed ) W e reserv e th e rig h t to e d it fo r le n g th
M a il to:
P o rtla n d O b s e rv e r. P O Box 3137. P o rtla n d , OR 97208
J p ORTWND OBSERVER
,et tivity c o m p e te n i e and experience in personal finan
cial plan nin g
for tw o yrtars
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m < O CC O I O
Your fin a n cia l success in the fu tu re m ay very w ell
depend on the ,u tio n s you take today So give careful
th o u g h t to prr i aunt, a fin a n cia l plan w ith the rig ht
fin.irir i.il j " ■
$ 15 for one ye«f
3 ’ 3 / P „ r t i # „ t | OH ♦ \»1F
she has been in business as a fina ncial plan
h o w w e ll you trust th e ju d g e m e n t o f the per
re, on ,m e n d e d him tier
Your selection o f a
planner should be based on the p lan ner's ob
• «
« •
fee
set
they
and
receive no i o m m is s io n *
A hyb rid , the fee plus com
m ission planner charges a se, a m o u n t for the plan and
also sells on co m m issio n some or all o f the p ro d u cts
the plan re co m m e n d s
O nce the fin a n cia l plan is c o m p le te and agreed to by
all pa rties in vo lve d , i, is tim e to co o rd in a te the im ple
m e n ta tio n o f th e plan T ogether, yo u and you r fin a n ci.il
planner can d e te rm in e w h o sho uld exe cute the variou s
re co m m e n d a tio n s in you r plan
If your plan calls for
m ore life insurance, an agent can be c o n ta cte d , w h ile a
.
co m m e n d e d in ve stm e n ts II your w ill needs to tie up
d.ite d in a ,to n ie y m ay tie required
charge fee o n ly co m m issio n only and fee plus com
m ission C o m m issio n only fina ncial planners p ro du ce a
plan free o f , harge b u t collect a sales com m ission on
m any o f t),e p ro d u i Is the y re. om m e n d you buy W ith
this m e th o d you m ay never (eel q u ite ce rta in w h e th e r
the suggested re co m m e n d a tio n s are in the best in te
goals
.
B l.li k o w n e d
Next y o u 'll w a n , to g ive serious th o u g h t to the pay
m en, arra ng em en t you w ill feel m ost co m fo rta b le w ith
There ire basically „ tr e e w ays fina ncial planners
B, th e fin a n cia l p la n n in g process is the w a y you get
fro m Pom , A to Point B In e ffe c t, i, pro vid es th e an
sw ers to q u e stio n three a road m a p of sorts
W h ile the actu a l p la n n in g process is u n iq ue for each
in d ivid u a l, th e elem ents are stan dard
The first step
in vo lve s th e g a th e rin g o f all re le va n t fin a n c ia l data
w h ic h pro vid es the b a c k g ro u n d fo r th e process
N ext, the fin a n cia l planner w ill w o rk w ith you to iden
tify you r fin a n cia l goals and o b je ctive s
This de. ision
m ust be w e ll th o u g h , o u , because it provides the fo u l,
d a tio n u p o n w h ic h you r plan is fo rm u la te d
Do you
need to plan for your ch ild re n s colleg e e d uca tion ? Are
you co n ce rn e d a b o u t your re tire m e n t in co m e ’
A fte r an analysis of your fin a n cia l data, your a ttitu d e s
to w a rd m oney, and your goals and o b ,e c,ive s the
fina ncial planner is in a p o s itio n to develop reco m m en
d a ,io n s on h o w you can a cco m plish your fin a n cia l
.
sei un ties b in k e i may lie < ailed upon to help selei I re
an u n d e rta kin g to you. yo u 're rig ht
I, is a com p le x
m atter b u , one tha t is sure to b e n e fit you and your
fina ncial situ a tio n A m t by tu rn in g to the u g h , financial
p la n n e r t o g u id e you tt,ro u g h the p lan nin g pro, ess. you
i an m ake the expenem e a fin a n cia lly re w a rd in g one
It,e re are a nu m tie r o , t,n tors y o u 'll w a nt to consider
in selecting a fin a n cia l planner
Firs, and fo re m o st,
you II w a n , ,o ca re fu lly i heck tfie fina ncial planner s
com p etem e and expenem e A fina ncial planner should
have a w o rk in g kn o w le d g e o f all areas o f financial plan
rum, fro m taxes t o cash flo w from in ve stm e n ts to
retire m en t p la n n in g
A lth o u g h the fin a n cia l p la n n in g process has m any
c o m p o n e n ts and in volve s m an y steps, i, m ay In
th o u g h t o f in term s o f three sim p le q u e stio n s W here
do I (or w e) sta n d n o w ? W h e re do I w a n t to go? H ow
am I g o in g to get there? I, you th in k o f the firs, qu estio n
as being Pom , A and the second q u e stio n as being Point
of
resp on sible for the a ctio n s o f a fe w for ttie s ta te m e n ts
o f fo re ig n g o ve rn m e n t (leads anr, for their o w n vic ttm i
ra tio n
F in a n c ia l P la n n e r
If p u ttin g a fir,am i.il plan tog ether sounds like q u ite
Pu, very sim ply, personal fin a n cia l p la n n in g is a pro
cess in w h ich a person takes financ sil c o n tro l o f (ns or
her life Instead o f d riftin g alon g, m a kin g fin a n cia l de
cisions here and the re alon g the w ay. a person w ith a
fin a n t lal plan be com e s e d u c a te d a b o u t fin a n i es and
able to fm us and take < o n tro l o f the fina ncial aspei ts o f
his life
.
\ r r o u i,u n is
plan
B u, Susan. B re tt. and D a w n, like m any oth er people
are n o t sure w h a t fin a n cia l p la n n in g is all ab ou t and
|us, h o w a fin a n cia l planner can help the m
su p p o rt
Bong W ellington To, Ph D
M etropolitan Ethnic M inority
Executive Coalition
nesses is a desirable goal, th a , s u p p o rt sho uld n o , be
p re d ica te d or, in fla m e d rh e to n r and divisive strateg ies
W h e n sta te m e n ts sue I, as Asians have der ided th a ,
B lacks ca n n o t even w alk in certain n e ig h b o rh o o d s
and They are ever, su g g e stin g th a t we are in fe rio r and
illite ra te are issued as rep re se n ta tive of A sian A m e n
car, p o in ts o f vie w , an atm o sp h e re of d istru st and sus
pu ion is created in w h ic h all Asian A m e rica n s are held
M ANAGEM ENT
l l i e ( )re g o n S o c ie ty n i ( e r t it ì e il P u b lic
c o m m u n ity
cooler heads o f an in fo rm e d c o m m u n ity prevail
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Puhl^h. r
Grnrru! Manugrr
288 0033
.................. .
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