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SEPT. 16, 1998
<Et?r Fortiani» ©bserucr
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Editorial Articles Do Not Necessarily
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lesha W illiam s
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Laphael Knight
G raphic Design
C ontributing W riters:
Professor M cK inley Burt,
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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.
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_
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
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