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 . 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 I M f I- t a. < Apt Z ? ° 3 X 5 * * Ö S’ A f f • M »' 3) Portland Observer r».. rw .w ,w lUSPS W» «Mi- « puMnUwl b lu r v t» , h , ( aM PuMnrvng Company ln< 14K} M , XXknqx xxonh Ponlana Ouagrx, 972,1 Po« Ottica B ox Î U 7 P o rtla n d Orason STJUfi Sacond r ia » poxtaqa oaal al Prvlland Ocaqnn Tha Pl .'Uva./ o p ir n r c «MX aMalXcxhad .n 19111 < CW ArfWvfMt Ce Mr W member Sutaxnpinnx »15 00 pai yaa> m tha Tn ( .«m ty ama Poal m aaiac Sand adepaaa rhançax lo tha /Stella»*', , Vi.nr.n» P O Bo« 3137 Portland M ir a li .... A! H Xiiocixrion - Foumtotf IM S » ' ». • • * • * » » ©w < m n o 5 -» - I 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 > . .. I Puhl^h. r Grnrru! Manugrr 288 0033 .................. . Pubb