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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (Aug. 26, 1987)
, * • Page 2, Po. uand ObserverA ugus£2 6JI9 87 commission when an order is placed. These up-front loads vary, generally ranging from four percent to eight and one-half percent of the total pnce of the shares you buy. "Low-load funds" refer to funds that charge an up front fee of one percent to two percent. In return for the load charge, you should expect expert advice as to what fund is the most appropriate for Freedom and Social Justice by Alexander R Jones vour^ a^ e’ f ,oad fund is the contingent deferred" or .back end load fund" which has no up-front load but. instead, charges a redemp tion fee Back-end load funds charge a certain percentage .f you adeem your shares within a certain period-sim ilar to the pearly withdrawal penal- tv" rharaed bv banks for CDs that are redeemed prior to maturity. ’ No toad tunas" are market.a by ,h . funds rh.m s.K es When you purchase a no-load fund, there is no sales charge. The management of no-load funds will provide information on the types of funds offered but you will not have the personalized attention of a broker to assist you, as is the case with load funds. It is up to you as a prospective investor to select a fund write for a prospectus and contact the fund to place an order. To be fully informed as to what load, brokerage and management fees you will be paying, it is essential that you carefully read the un s pr IRS Motto: "Seizure Fever - Catch It" Internal Revenue Service employees revealed in a Senate Finance sub committee hearing, June 23, that their bosses routinely ignore orders from Washington and base their promotions on the number of property seizures from deliquent taxpayers. Testimony revealed that one Los Angeles IRS manager went so far as to have a ' Seizure Fever - Catch it' sign on the door to his office. The subcommittee is considering a bill called Taxpayers' Bill of Rights", which would make it illegal for seizures of property and revenue collections to be the basis of promotions within the IRS. Senator David Pryor, Democrat from Arkansas, and chairman of the subcommittee, pointed out that the fear of the IRS is so great that even some of the Senators are reluctant to sign for fear that they will be targetted technocratic central government." No wonder Jefferson B. Sessions called him a ' superb constitutional scholar" whose "integrity is above reproach." Sessions, remember is the U S. Attorney, also in Mobile, whom Reagan nominated for a federal judgeship. Sessions was subsequently rejected by the Senate Judiciary Committee because of his racist views. judicial book- ju d ge Hand's action must be exposed for what it s ju d ic a . o sS S S S S » FO, the Aieh.ma rights violation everywhere. We Must Reverse the Poison That Flows into Our Children's Minds and Before yo^begin the process of selecting a fund, you musít knowr what current IRS employees and concerned taxpayers. "W ith support and pressure from their constituents the Senate can get the IRS back under control. The IRS is an agency out of control, terrorizing our citizens and our own lawmakers. A courageous few have started this movement, now more must take action to get this agency abiding by the your objectives are and how much risk you are willing to take. If you re booking for capital growth and have no need for current income, perhaps a growth fund could meet your needs. If you're a very conservative investor dependent on current income, an income fund might be your best bet If you're well versed in a particular field or industry, a specialty fund investing Constitution," stated DesFosses. The bill would shift the burden of proof over to the IRS to prove that their tax assessments are correct. It would require that the IRS read the taxpayer their rights whenever there is a dispute and would require notice or in many cases a hearing before property can be seized. Robert M. Tovias, president of the Treasury Employees Union, repre senting over 102,000 IRS employees, blames management saying that the setting of unrealistic quotas, fostering "statistics-worship" and using heavy pressure tactics are responsible for the"seemingly irrational IRS actions ~ To x X MONEY MANAGEMENT nothing could be further from the truth. Studies have proven g has been around just about as long as man himself. Ftom t ° : early inscriptions on the caves in the Caucasord Mounts,ns of what is now called "Europe" to the walls of buildings of ancren■ Turkey* these attest that graffiti and wall writing has been around long before case, read the prospectus carefully before investing. The new tax law, which eliminates the preferential treatment of capital gains is likely to have an impact on investment strategies Beginning in 1988 income derived from capital appreciation will be taxed the same a that from interest and dividends, eliminating one of the key tax ad* ant®9®® of growth funds. At the same time, lower tax rates give new luster to Mutual Funds: A Primer for the Uninitiated income-producing investments. Beginning in 1987, you will have to pay taxes on your share of the fund's management costs or advisory fees. In the past, these charges were deducted from earnings before the fund's results were reportadi o share^ holders. Beginning in 1987, this figure will show up on your 1099 form and you will have to report it as income. And since the new limits on the deduc tibility of investment expenses will apply to mutual fund shareholders you will be able to offset the amount with a deduction only if management fees and other itemized miscellaneous deductions add up to more than two per cent of vour adjusted gross income. . CPAs suggest that you give careful consideration to your financial needs and objectives before investing in a mutual fund. Looking for a CPA in your community? Call the Oregon Society of Open-end or closed-end? Front-end load, back-end load or no-load? Agressive growth or growth plus income? To the uninitiated, the world of mutual funds may, at first, seem mind-boggling. But thei concept is; actu ally quite easy to understand, according to the Oregon Society of C . Put simply a mutual fund is a financial service that pools the money of individual investors, or shareholders as they are called, to purchase a spe cially selected group of investments. Fund managers invest the share- holder's money according to the objectives of the particular fund. Mutua funds are designed for both large and small investors, with many funds accepting minimum opening deposits of $500 or $1,000 or even ess. And you can sell your shares quickly, often by just making a phone call time of Chris,. Black Egyptian hietoglyphics must be cal imDortance since not ail inscriptions were done by the so-called lear menTwomen There is much evidence to support the fact that the common citizen vented his or her feelings through clandestine writing on out-o “ turns Reisner, in his book "Graffiti, two thousand years$ o f W writing" states that graffiti was common among the ancient Mayan c X n on their temple walls. Although the comments were reflective o the beliefs and customs of the day, there was no pornographic content in What about Tax Reform? A w e e k ly c o lu m n on personal fin a n c e d is trib u te d by th e O regon S ociety of C e rtifie d Public A ccountants^ inSCTodTy we know for a fact that graffiti is engaged in by all so-called classes so-called ethnic groups, all religious groups, children and adults. Although I recognize that different parts of the nation reflect different eco nomic educational and religious values systems, there is enough uniform ity to ascribe certain consistencies in reflected thought. The analysis of graf fiti in these areas gives us a candid look at unconscious, as well as con scious, thinking, in addition to throwing light on the conditioning process '"'^^eiTneThaTadequately documented the graffiti of the in te ll^n ts ia being philosophical, metaphysical and existential in nature. If one, pay careful attention to the content of graffiti in and around predominantly ' so-called Christian caucasoid university educational systems, the mtellec- ot the caucasord Anglo-SaxonProtestant p o n t e s eve dent. Though much of the content is m rhyme, it is riddled with sarcas CPAs for a free state wide referral at 1 800-255-1470 toll free.------------------- Copyright 1987 AICPA A NEWS SERVICE O f THE UNITED CHURCH OF CHRIST C O M M IS S IO N FOR R A CIA L JUSTICE Judicial Book Burning in Alabama The days of Nazi book burning came immediately to mind with a recent Alabama court decision. Judge w. Brevard Hand, a federal district judge in Mobile Alabama, has now banned more than 40 textbooks ,n the Alabama public schools because, he says, they promote so-called secular humanism, toctoded on the Judge's tis, are 30 soda, studies books. 9 hrs,dry texts and even 6 home economics books. Judge Hand has thus used the weight ot his judicial office to impose his right-wing religious views on every student The mutual fund industry has given small investors the opportunity to participate in big-ticket markets such as mortgage-backed securities or common stock of major corporations with stable records of dividend payments. Buying shares in a mutual fund gives you the chan^ to have a wider selection of investments than would normally be Posable for a small investor. And this allows you to spread your n sks-o ne poor nprformer isn't qoing to drag down all the rest. P A mutual fund also gives you the advantage of having your money i. vested and managed by a team of professional managers who study invetment market every day. ... « new The majority of people invest in open-end funds which create n m A la b a m ^ ^ decjsi<jn a|) books which do not fit into the judge s asset value, based on supply and demand Mutual funds can be differentiated by the way they charge, should be fully informed as to how much you will be paying to have your m o n lm e n a g e a Ail funds charge investors for brokerage cornntrssron and daily management fees, usually in the form of an annual manageme Asst', ititi, ( ° ,nt MEMBER , Bo» 3137, Portland OR 97208 RStatUisberi in 1 9 Ä) 288 0033 Bo» 3137 Portland Oregon 97208 Association « If •\JT ««S «U. pjf » Founded 1BÍ5 VAtL Hendersnn, I d ilo r /I'u h li'h e r A t W illiams, General Manager and you ' re PORTLAND OBSERVER N a tlo n a C A d v e r tiS m g R e p r e s e n ta o s REAPER Row COME I'M Pooe HOMELESS AND SICK not se c AUSE 1 HAYE A"EDERAU GS?ANTOC SEVERAL M ILLIO N dollars to STUDY VIIHY YOURS >OOR HOMELESS AND SICK 1 emDlovees and used the opportunity to express his regret that the "apparent present-day philosophy when considering laws aJfectin9 rac® relations imposes on this generation the past deeds our t ° r^ , er’ a8 One Alabama lawyer was quoted as saying, "I thing [Judge Hand has always seen himself as defending a particular sort of Southern ideology. Subscriptions $15 00 pe> year in the To (n u n ty «me dost m aster Send address changes Io the Pocduod n Z o ro rc P O A lfred I Dr. Jamil Cherovee Stra Judge Hand himself dismissed a discrimination suit brough by Black M B*1* * * f rtf a fantasy experience. 'a n9 The religious right's attutude on racial matters, generally, is no secret The l ‘,.rlla n d (H nrrver IUSPS 959 6801 IS puWtsbert « **'> TbtttMlay by Esw Publishing Company. Inc 1463 N E Killings yyorlh Portland Oraqon 97211 Post OW-co B o. 3 ’ 37 Portland Otwjon 97208 Sacond class postag« petd a, Portland Oraqon Th»» ^ • f il a n t i (> b \e r\e t USFR fit! assumes a political nature. The Vietnam conflict produced such a change, and graffiti was almost exclusively dominated by it s ref®r®nce- Moving away from educational centers and affluent neighborhoods, finds the character of the graffiti changing. Although it still remains witty, the content becomes cruder with more references to sexuality. Indeed, sexuality and Racism are the predominant themes in most non-Black low er and middle-class enclaves around this nation. One also notices a complete absence of worldly or philosophical rending in Black graffiti. Unl'k® *he non-caucasoid areas whose world extends beyond the confines of commu nities in which they live, Black adolenscents have relatively tittle> percep^ tion over and beyond the one-dimensional world as they see it. The rise o Black gang activity has been associated with several sociological pheno mena, not the least of which was the advent of the current wave of violent and sex-filled films on the Tube. Art work finds it's way into gang-related and control-oriented scripts on repeated occasions and serves to give a graphic illustration of the despair and sense of hopelessness that Black youngsters experience in a Racist so-called Christian caucasoid society. The industry is controlled by Caucasians, the image was created by Cauca sians, written by Caucasians, giving their version of the indestructible, super-sensuous, baaad-ass caucasoid "nigger" image. As a result of the deification of the street hustler, the sexual stud and the so-called invincible caucasoid male with super abilities, super women and super cars, Black teenagers have begun to incorporate these images into their psyches, acting out in real life what in reality is nothing more than myopic view of the world are now being taken off the shelves. For ex ample, the home economics textbook "Teen Guide" is being removed be cause it encourages students to develop self-responsibility. With his decision Judge Hand expands on the court case filed by the religious right last year in Tennessee. There, a group of parents won their fight to prevent the public schools from exposing their children to so-called dangerous books like "Cinderella", "The Diary of Anne Frank and The Wizard of Oz." In other states the religious right has focused on Black, oriented books like "Manchild in the Promised Land" and the works of Portland Observer ill and D uX gmpertods of great social and political , unnoil. the content o , grab Keep in mind that Judge Hand's decision occurs within the nat'° " al of riqht-wing opposition to affirmative action. In this, as in other matters, the religious right has received strong support from the Reagan Adm.n- o v i the counter. The price of the shares may sell above or below O 'e r ■ NfkA, .pape the effects of men,abide, we n w X view „ th to u g h th e medium in which is is manifested most cleady: tba, ot visual onentatra . An obtoous vehicle that lends itseit to such study is " " d aw no o i To the oasserby graffiti is considered that obnoxious, offensive drawing o L m w l w Z n by uneducated and debased individuals whose mmds res,de to Z g u n x s and bowels ot society. O, course, as studies have shown. to a growth plus income fund. K you wish to open a front-end or back-end load fund, you may want to turn to a broker. If you wish to open a no-load fund, you might consult the many mutual fund performance ratings charts appearing in various pub. IcatTons such as Forbes and Money magazines. Don't be tempted to ook for the fund with the highest annual performance. Instead, consider a fund that has performed respectably over the last five or ten years. In either _______ in me Black teenaqer this trend has reached crisis proportions. in your area of expertise might appeal to you. Because individual investors may have several needs and because economic environment changes, most funds are part of diverse fund fami lies This means that you can move money from one fund to another wit just a phone call and sometimes at no charge. For example, you cani start off with half of your money in a money market fund and half in a growth fund. Then, if the conditions seem right, you can switch part of your funds with regard to taxpayers. Des Fosses concluded by saying, "The Taxpayers Bill of Rights out laws such 'irrational IRS actions'. Again, I urge anyone who pays taxes to call or write your Congressmen today and tell them to vote Yes to a fee collected from the fund's assets. ,, ,, -Load funds" are sold through brokers who charge a load 1 Letters to the Editor spectus and Statement of Additional Information. How Do I Choose? At last count there were well over 1,600 diffferent funds to choose from Most funds fit into basic broad categories distinguished by their investment objectives. Among the most common are Aggressive Growth Funds Growth Funds, Income Funds, Growth Plus Income Funds, Balanced Funds, Bond Funds, International Funds, Money Market Fun s by the IRS for audits. "The American people MUST contact their Senators and urge them to suDDort this bill now ," said Paul DesFosses, President of the Coa- X ¡RS Whistleblowers. an organization o< over 8.000 forme, and Taxpayers' Bill of Rights. You vote matters. Ob)e^ a Gone With the Wind' ideology, fighting for the... underdog white Southerner whose culture is being undermined by integratiomsts and by A m a la to r h « ! e d P u b h t h e n N « w Yn »b ln< □ $15 for one year C $25 for two years ©MP
