T he P ortland O bserver • J anuary
P age
11, 1995
B5
WE CAME FROM KINGS AND QUEENS
b \
T
he Egyptian royal
family had its genetic
roots in Nubia, the
black nation just south of
Egypt.
The
E g y p tia n
pharaoh
Akhenaton or Ikhana.iton was one o f
the earliest monotheists (worship
ping one god) in ancient history.
He succeeded his fa th er,
Amenhotep III, in 1379 B.C. and
immediately began building a new
type o f roofless temple to the Aten
(sun god). The Aton was represented
as the disc o f the sun. In 1374 B.C.,
he changed h is name fro m
Amenhotep (amen means satisfied)
to Akhenaton (aton means benefi
cial) and left Thebes to establish a
new capitol at Tellamama. He soon
forbade the worship o f other gods,
except he declared that Aton had
replaced the Amen.
This religious reform came to be
known as the Amama Revolution
because o f the aforementioned new
capitol. Living there with his queen,
N efertiti and their six daughters, he
fostered a new lifestyle that led to an
outpouring o f art, sculpture and liter
ature which all glo rifie d Aton.
Queen Katshepsut Ruled
With Strength
King Akhenaton
Unfortunately, his beliefs were
not widely accepted and after his
death in 1362, his successors, King
Tutankhaton (Tut), restored tradi
tional religious and the Aten temples
were demolished. Tutankhaton re
moved the aton from his name and
became Tutankhamen.
Akhenaten was a complex fig
ure whose historical significance is
still debated. He has been character
ized by some historians as being
somewhat physically retarded and
his mental capabilities have been
called in question on occasion. He is
defended by other historians who
contend that his physical features
have been exaggerated in contempo
rary art and there is no evidence to
Talking about a bad sister, her
majesty the King-Egyptian Queen
Hatshepsut ruled over the great c iv
ilization as w ell as any man
Hatshepsut was the daughter o f
the Pharaoh Thutmose I. She had
three brothers, two o f whom died
w hile Thutmose I was still alive.
A fte r the death o f her father in 1493
B.C., the third brother was named
T hu tm o se II. He then m arred
Hatshepsut (his sister) in order to
keep the dynasty pure and strengthen
his right to the throne.
They ruled together for eight
years before he died. Thutmose II
had only one son. The child was the
product o f an affair between him and
one o f his concubines. A t the time o f
his death the child was six years old.
A lth o u g h he was p ro c la im e d
Thutmose II (pharaoh), Hatshepsut
ruled the land.
When she became the ruler o f
Hatshepsut
support the charge o f mental insta
bility.
A t one part, Akhenaten lost
Egyptian held territory in Syria and
Palestine but maintained Egypt’s sta-
by
O mari K enyatta , J .D .
Sometime back, I wrote an arti
cle for this paper on how rising inter
est rates affect all investments such
as bond funds and other income se
curities etc.
A t that time, I talked about how
the money market managers in Ja
pan, Germany and other countries
were selling their bond funds and
other long-term securities because o f
rising interest rates.
There have been several money
market funds that have collapsed as a
result o f this action by these money
managers. I f you are investing in
money market funds, you might want
to think about selling your capital
and investing in something that is
somewhat safer because o f what is
going to happen in the stock market
w ithin the next few months in 1995.
You should not believe just be
cause the fund that you are invested
is a grand total o f $1,180 b illio n
dollars. This is what investors have
lost in the last year. These figures
should tell you why you should take
your investment out o f bond funds
and long-term securities. Especially
the ones that are in the high risk
category.
I f you feel that you need to in
vest, my research indicates that you
should take a look at short-term trea-
suries-T-Bills- they are a good in
vestment. You can purchase T -B ills
directly from the Treasury Depart
ment, and you do not need to have a
broker to do so. A ll o f this can be
accomplished by making a telephone
call and the purchase o f a postage
stamp. You can reach the Treasury
in has a big name that it is safe. This
is not what counts in this situation.
You should not dare to ignore this
warning. I f the bond fund that you
own was bought when interest rates
were at there lowest point, you are
probably invested in a high volatile,
low liqu id ity derivatives and every
time interest rates rise you are going
to lose money on your investment.
Interest rates rose six times in 1994,
and they are going to rise several
times in 1995.
Let me give you a good example
o f what has happened in the past year
with bond funds etc. As a result o f
interest rates rising, the losses are as
follows: (1) Corporate bonds $250
billion, (2) M unicipal bonds $140
billion (3) Treasury securities $320
billion, and (4) Mortgage and mort
gage back securities, $470 billion.
What you should do now is take
your calculator and total up these
figures. What you w ill come up with
...
• t - •
'
'
I
f-»hr
tin e
Constancio Pinto
harrowing story o f his people’ s
struggle for freedom” ); and he w ill
take part in a seminar and discus
sion in Room 338, Smith Center, on
the P.S.U. campus at 12:00 noon on
Tuesday, January 17th. For more
information, please call the East
T im or Action N etwork o f Portland
at (503) 235-4986.
members to three consecutive terms
and Senators to two consecutive
terms. Once approved by Congress,
three-fourths o f the states must pass
the proposal w ithin seven years. This
Constitutional amendment mirrors
Oregon’ s term lim it law, which was
approved by voters in 1992.
This jo in t resolution now goes
to the Judiciary Committee for con
sideration.
I
M a h One o f a M in d W
M fa i-M m vu ca n W auh d M o o h i
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(Ehc |3ortlanh © hseruer
Wishes You A Happy New Year
As We Begin Our 25th Anniversary
Of Publication.
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ttd ie V 'A ta i) a y f l actúen (5 0 3 ) 2 8 8 -5 2 4 6
B
a n k in g
o n
A
m e r ic a
*
F ree checking
that lasts
479 gam es.
Lamont’s
Department
Store At
Jantzen Beach
Closing
A fte r seven years o f o pe r
a tio n , L a m o n t’ s d epartm ent
store at Jantzen Beach C enter
w ill close i t ’ s doors by Janu
ary 28, 1995.
Store F ixtu re s, o ffic e fu r
n itu re and e quipm ent, and v i
sual d isp la y item s, as w e ll as
m erchandise w ill be sold to
the general p u b lic in an on
g o in g sale.
The store is loca te d at
1700 Jantzen Beach C enter,
and hours o f p u b lic access are
as fo llo w s : M on da y - F rid ay,
10am to 9pm ; Saturday, 10am
to 6pm ; Sunday, 1 1 am to 6pm.
For m ore in fo rm a tio n con
tact D illo n and Associates at
(5 0 3 )2 2 2 -9 9 6 0 .
Department by just calling (202)-
874-4000, press 1, then 233. You
w ill then be able to listen to the
message. You should leave your
name, address etc. W ithin a few days,
you w ill receive a package o f infor
mation from the Treasury Depart
ment that w ill explain to you how you
can buy treasury T-B ills directly from
the government.
You do not have to have a bro
ker to take care o f this transaction for
you. W ith a little effort on your part,
you can accomplish the same thing as
a broker would and save yourself
several hundreds o f dollars.
What you have to understand is
that brokers are in business to make
a profit.
'^aAlien M aternent
Furse Introduces Term Limit Bill
Rep. Elizabeth Furse, D-Ore. has
introduced a Constitutional amend
ment to lim it the number o f terms
served by members oftheU.S. House
o f Representatives and U.S. Senate.
Furse, a long-time supporter o f
term limits, said her jo in t resolution
would help open public office to
more citizens.
“ Oregonians support term lim
its and I wanted to follow their wish-
es,” Furse said. “ M y amendment
would make sure that Congress is a
place for public service and not for a
lifetim e career.”
Furse’ s proposal, which must be
approved by two-thirds o f both the
House and Senate, would lim it House
(James B Williams is a black
history and poetry teacherfrom Port
land.)
How Safe Are Your Money Market Fund Investments?
Witness To East
Timor Massacre To
Speak In Portland
Portlanders w ill have a rare
opportunity to hear East Tim or re
sistance leader, Constancio Pinto,
discuss his country’ s 20 year strug
gle for freedom. Three years ago,
M r. Pinto narrow ly escaped the
“ Santa Cruz Massacre” in D ili, the
capitol o f East Tim or, where many
o f his friends were gunned down by
Indonesian occupation troops. As
an organizer and leader o f the c iv il
ian resistance, Pinto was being hunt
ed by the Indonesian security forc
es. He was forced to flee his country
shortly thereafter, mr. Pinto w ill be
speaking in Portland this Sunday,
monday and Tuesday, January 15th
- 16th, as part o f a West Coast
lecture tour that takes him from San
Francisco to Vancouver, B ritish
Columbia, he w ill be speaking first
at Cramer 53, on the P.S.U. campus,
at 7:00 p.m. on Sunday, January
15th (“ Oregon Business in Indone
sia... partners in Genocide?” ; next
at the First Congregational Church,
1126 S. W. Park in Portland, at 7:00
p.m. on Monday, January 16 (“ 1975-
1995: Constancio Pinto tells the
Egypt (during the period o f the New
Kingdom), the power o f her empire
was tremendous, it stretched to the
Middle East to the north andNubiato
the south. A c c o rd in g to D avid
Sweetman “ Women Leaders in A fr i
can History,” she is regarded as the
most outstanding female personality
from the ancient w orld because she
tried to bring stability and consider
ation to Egypt.
The intelligent queen was also
an awesome warrior.
She dressed as a man in tra
d itio n a l a ttire fo r pharaohs, in
c lu d in g a fake beard Several h is
torians believe she led the E g yp
tian arm y in battle. Some priests
o f her tim e d id not lik e her ta c
tics and believed that she should
not have been le ft in pow er. T h is
angered her so she had the r o o f
o f th e ir tem ple rem oved and then
erected tw o enorm ous o be lisks
o f g o ld and s ilv e r w hich had her
trium ph s and achievem ents en
graved.
Although no one is sure about
how Hatshepsut fe ll from power, it is
believed that she was poisoned.
tus as a great and powerful empire
W ithin the boundaries o f his king
dom, he combined religious reform
and sk illfu l tactics to strengthen ab
solute royal power over the bureau
cracy and the army and his monothe
ism was innovative.
J ames B. W illiams
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