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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (Sept. 16, 1998)
, • JS < k 3 « SEPT. 16, 1998 <Et?r Fortiani» ©bserucr Page A 4 Editorial Articles Do Not Necessarily Reflect Or Represent The Views Of 53nrtlanb ffibserucr Attention Readers! Editor, Please la k e a m inute to send us yo u r comments. W e 're always try in g to gis e y ou a better paper and we can’ t do it w ith ou t your help. T e ll us w hat you like and w hat needs im provem ent., any suggestions are welcomed and appreciated. W e take criticism well! G e t your pow erful pens out N O W and address you r letters to: E d ito r. R eader Response. P.O. Bos 3137. P o rtland. Q R 97208, (Elie ^ o rtla n h (©bseruer (U S P S 9 5 9-680 ) Established in 1970 C harles W ashington P ublisher A E ditor M ark W ashington D istsribution M anager G ary A nn T aylor B u siness M anager Larry J. Jackson, Sr. D irector o f O peration lesha W illiam s G raphic D esign Laphael Knight G raphic Design C ontributing W riters: Professor M cK inley Burt, Lee Perlm an, Joy Ramos 4747 NE Martin Luther King, Jr. Blvd., Portland, Oregon 97211 503-288-0033 • Fax 503-288-0015 Email: Pdxobserv@aol.com Deadline fo r all submitted materials: Articles:Friday, 5:00 pm Ads: Monday, 12:00pm POSTMASTER: Send Address Changes To: Portland Observer, P.O. Box 3137, Portland, OR 97208. P eriodicals p ostage p a id at Portland, Oregon. Subscriptions $60.00 p e r ye a r T he Portland O bserver w elcom es freelance submissions. M anu scripts and photographs should be clearly labeled and will be returned if accom panied by a sell addressed envelope. All created design display ads becom e the sole property o f the new spaper and cannot be used in other publications or personal usage w ithout the w ritten consent ot the general m anager, unless the client has purchased the com position o f such ad. © 1996 TH E PO R T LA N D OBSERV ER. ALL RIGHTS R ESER V ED , REPR O D U C T IO N IN W HOLE OR IN PART W ITH O U T PER M ISSIO N IS PRO HIBITED . T he Portland O b sen e r - O r e g o n ’s O ldest M ulticultural Publica- tio n - is a m em ber o f the N ational N ew spaper A sso ciatio n -F o u n d ed in 1885, and T he N ational A dvertising R epresentative A m algamated Publishers, Inc, N ew York, NY and The W est Coast Black Publishers Marijuana use by Oregon eighth graders has tripled since 1990 and is 36% above the national level. Marijuana is the number one problem drug for Oregon teenagers entering drug addiction treatment programs. Teens who use mari juana are six times more likely to bring guns to school, four times more likely to attack another person with the intention o f hurting them, three times more likely to engage in sex (probably unprotected), twice as likely to attempt suicide, and 85 times more likely to use cocaine, as if we don’t already have enough drug problems in Oregon, Ballot Measure 67 would add even more. Measure 67 would allow doctors, massage therapists, tattoo artists, cof feehouse operators, counselors, and other businesses to pro vide marijuana to their clients. It would prevent State licensing boards from disciplining members o f at least 134 occupations for growing and using marijuana, in cluding surgeons, truck drivers, teach ers, boilermakers, electricians, and riverpilots. It would allow marijuana use for complaints as vague as ' ‘gen eral ill health.” It would allow hashish use. It would allow Oregon prison inmates and Oregon children to le gally use marijuana. Measure 67 is not about medicine. A written prescription is not required, a person does not have to see a doctor to obtain marijuana privileges. And, the safety provided by the US Food and Drug Administration medication approval process is bypassed. Measure 67 is about legalizing marijuana for any Oregonian to use with impunity, voters who care about the future o f our youth will reject this deceptive proposal. Sincerely, Roger and Jenny Burt SE Portland A ssociation • Serving Portland and Vancouver. SUBSCRIBE TO P o r tla n d © b a eru er The Portland Observer can be sent directly to your home for only $30.00 per year. Please fill out, enclose check or money order, and mail to: T he S ubscriptions P ortland O bserver ; P O B ox 3 1 3 7 P ortland , O regon 9 7 2 0 8 N am e :---------------------------------------------------------------- ----------------------- A ddress: _________ _______ _______________ ____________—---------- City, State: Zip-Code: _ T hank Y ou F or R eading T he P ortland O bserver (The ^ o r t l a t t b (© b s e rric r Pierda Peso En Los ‘9810% natural. Producto absorbedor de call 288-0033 1 (8 8 8 )7 7 7 -6 2 7 7 Advertise In _ Blumenauer, M em ber of Congress: by W illiam (B ill ) T oomer Commodities, options, futures and margin accounts are term s tossed around quite casually in the financial world, but what do you really know about these terms? Playing the gam e for many indi vidual investors, buying com modities options or futures are tantamount to rolling the dice. The investor is bet ting which way the price o f a com modity like wheat or gas will move, the wheat or gas is not actually being bought. Futures are obligations to buy or sell a commodity on a specific day for a preset price. Options are the right to sell an item for a present price during a specific period o f time. Trading on the floor o f the exchange determ ines prices. The buying pow er o f the minority ethnic com munity has com e to the forefront o f financial world, the ethnic community’sspendinghabits.pattems, tendencies and nuisances are chan neled, chronicled and charted every day. For this reason, many traders are not only discovering but wooing mi nority ethnic com m unity for its busi ness. Some com modities trading scams target, in particular, potential custom ers in the minority community through advertisements in ethnic newspapers and television informercials. M any such advertisements offer so called job opportunities for “ac count executives” to trade foreign cur rency. This is another way o f getting customers to part with their money. For small players, the risks are high. Although, the margin (the cost ofbuy- ing a contract) is only 2% to 10% ofthe contract’s market price. The investor is making or losing money based on what the total price does, and it can fluctuate wildly from day to day. If the investor takes a big loss on a given day, he or she m ust add money to the margin account to keep it at the required level, and ofcourse the inves tor is taking a commission on each trade. **The investor buys an option on a $ 10,000 wheat contract by depositing 10% or $1,000 in a margin account. Wheat prices rise 10%, making the value o f the contract worth $ 11,000, the investor sells, and another $ 1,000 goes into the margin account. I f the wheat price drops 10%, mak ing the value o f the contract $9,000, the investor must make up the loss to keep a minimum balance in his/her margin account, by depositing another $1,000. ♦♦Remember, the broker always wins, he earns commission with every trade. “Warning For Prospective Com- modities Investors” Avoid com panies predicting or guaranteeing large profits: statements to be wary o f made by currency trad ers: ♦♦’’Whether the market moves up or down, in the currency market you will make a p ro fit” “ Expect returns o f 35% to 75% ” “W e guarantee you will make at least 30%-40% rate o f return within two months.” Avoid companies that promise little or no risk: be suspicious o f companies that down play risks. Ih e fo llo w in g statement should be a red flag; ♦♦’’You take only as much risk as you see fit. With a $ 10,000 deposit the maximum you can lose is $200 to $250 per day.” This is a misleading statement. The futures markets are volatile and risky for unsophisticated customers. Re- tirement funds should not be used for currency trading. Do not trade on margins unless YOU understand how it works; ♦♦Many traders ask customers to give them money known as' 'margins,' ’ often sums o f $ 1,000 to $5,000. Those am ounts actually control larger dollars o f trading, a fact that is often time explained poorly to cus tomers. M argin trading can m ake you responsible for dollar loses that greatly exceed the m argin amount you depos ited. Be wary o f transferring cash on the internet, bv mail, or otherwise. D q your homework. Know the company you are dealing with. ♦♦It costs an internet advertiser a few dollars per day to reach a potential audience o f millions, and phony com modity trading firms have seized upon the net to pursue business. Be especially careful about trading on-line; it is very easy to transfer funds on-line, but it can be cum bersom e to get money refunded. M any com pa nies offering currency trading on-line are not in the United States and may not display an address or any other information identifying their national ity on their w eb site. Get the com pany’s track record. * ♦While a firm or broker is not required to provide this information, you should be wary o f any person who is not willing to do so; however, even if you do receive a glossy brochure or sophisticated looking brochure, the information may not be true. Continue to do your homework. Formore information you may write U.S. Commodity Future Trading Com missions, Three Lafayette Centre, 1155 21 st Street, Washington, DC 20581 or to th e c o m m issio n o n -lin e at www.cft.gov. IF YOU THINK CLINTON SHOULD RESIGN OR BE IMPEACHED CALL 1 9 0 0 976-3647 IF YOU THINK CLINTON SHOULD REMAIN IN OFFICE AND BE FORGIVEN CALL 1 9 0 0 786-4487 IVF 'U SHOW The veterans o f A m erica and especially those from your dis YOU THE... trict in Portland, Oregon want to take thia opportunity to let you know th eir displeasure for your 3WVQXE- on Congressman O b ey’ s m otion on H B 2400 to protect veterans benefits from being used to pay for transporta tio n projects. This A n ti-V e te ra n b ill takes money that was intended for Y d r. « B U .h fH tv Com pensation to pay for the huge increase in funding f o r H ig h w a y Prolects. The money Y O U voted to take away form each o f those veterans w h o s e rv e d th e ir c o u n try , wounded-in-action or disabled w h ile in the service, probably would not pay h a lf o f a square inch o f the bloated highway mea sure; however it is im portant to each o f diem! Y o n obviously did not feel that w ay, your - N o V o te ” is saying SAFEWAY FOOD & DRUG Look For Your Shopping Guide In Your Oregonian FOODday B u m b le B e e C h u n k L ig h t in the Portland Metro Area ...and save more shopping at Safeway Fresh Pork Roast Tuna c Bone-In Blade Cut Valu Pack 2 or more. SAVE up to $1.49 lb 6-oz. Water or Oil pack. Limit 3. SAVE UD to 60C jOB’t MUttt ■nd concrete are ' - ,# • B umble B ee Safeway Weekly Safeway Club Price k they played an im portant pert in m aking this coun try the w onderful place it is. I i day that you w ill feel I that liv e in your district feel dishonored that their sin Congress voted s m any o f the benefits t they deserve and were prom- Visit Safeways Web site at wwwfsafeway.com , Oregon ïfcàLÇ-l! • ' , jr ' .ta - .. •' 1 V “ "-'.- - ÍÍ - ‘ ’ ï A#
