May 24, 2000
Page A5
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Family Living
■■
Reverse mortgage linked
Tri-Met’s top employees
recognized for service
to LTC Cars Insurance
In an effort to assist hom eow ners to purchase long-term care insurance plans,
C ongressm an John J. LaFalce, D-N.Y. has authored legislation that would
reduce the cost o f financing U.S. governm ent-insured reverse m ortgage, w hile
concurrently saving M edicaid funds from being eroded unnecessarily. As part
o f the “A m erican H om e O w nership and Econom ic O pportunity A ct” (H R.
1776), the bill w as unanim ously passed by the H ouse Banking Subcom m ittee
on February 15,2000.
“ Longterm care insurance can be an effective w ay to protect saving built up
over a lifetim e,” LaFalce states,” and reverse m ortgage allow seniors to access
the equity in their hom e to pay the prem ium , w ith no m onthly principal and
interest due on such loans. U sing a reverse m ortgage to pay for long-term care
insurance is natural fit,” L aFalce pointed out.
T he Federal H ousing A dm inistration’s reverse m ortgage program enables
hom eow ners age 62 and older the opportunity to turn their locked-up hom e
equity into tax-free in— com e w hile m aintaining ow nership and requiring no
monthly repayment. Eligibility requirem ents are quite sim ple and do not impose
any standards based on incom e, assets, credit o r em ploym ent. By linking the
reverse m ortgage to long-term care insurance, hom eow ners can protect their
saving against the potentially devastating expense o f extended care.
Obeary Spires
for T he P ortland O bserver
T ri-M et gave top honors for bus
and M A X O perators o f the Year
Research Initiative announced to
establish legal and monetary
reparations for black Americans
at its annual em ployee recognition
banquet Saturday.
O b e a ry S p ire s o f N o rth e a st
P o rtla n d
ea rn ed
th e to p
distinction as Bus O perator o fth e
Y ear. G ene Adrian o f Oregon City
earned the MAX 1 ight rai 1 Operator
ofthe Year. Patricia OlsonofOregon
C ity won the top title for part-tim e
bus operator.
All the operators qualified based
on outstanding driving records,
custom er service and attendance.
The winners w ere elected by a vote
o f their peers.
“O ur operators are in the forefront
ofproviding riders with safe, reliable
and friendly service,” said Fred
Hansen, Tri-Met General Manager.
“ W e ’re all p r o u d o f th e s e
outstanding operators, w ho lead a
great team in delivering thousands
o f rides a day.”
O beary Spires, 62, has been a bus
operator at Tri-M et for 25 years.
H e’s now driving line 10-Harold/
NE 33rd Ave.
Adrian, 59, joined Tri-M et 10 years
ago as a part-tim e bus operator and
has been driving full tim e since
1992. In 1997, he began driving
M AX light rail trains.
O lson, 38, began driving 14 years
ago and serves custom ers on line
99X -M cL oughlin Express during
w eekday rush hours.
For m ore inform ation, call (3010 603-
8112.
The H arvest Institute, a nationally
re c o g n iz e d b la c k th in k ta n k
announced that it is em barking on a
n atio n al fac t-fin d in g m issio n to
identify w ho and how black people
w e re e c o n o m ic a lly e x p lo ite d ,
physically abused, and culturally
crippled by centuries o f slavery and
Jim Crow segregation. T he institute
w ill d ev e lo p th e legal th e o rie s,
fin an cial ju stific a tio n , and facts
support reparations. T he Institute’s
fact-finding m ission is predicated on
the beh alf that the A m erican system
o f social dem ocracy is obligated to
deliver justice to those who society
has treated unjustly.
T he H arvest has national support
fro m b la c k e le c te d o f f ic ia ls ,
co m m u n ity o rg a n iz a tio n s, b lack
cham bers o f com m erce, and business
groups. It is seek in g sources o f
inform ation about specific instances
in w hich private parties, business,
and various levels o f governm ent
supported and directly o r indirectly
profited or otherw ise benefited from
the laws and public policies o f full
black slavery and Jim Crow sem i
slavery. T hose law s and policies
denied the natural rights o f black
people to enjoy life, liberty, pursuit o f
happiness and the fruits o f their ow n
labor. The Institute intends to identify
in d iv id u a ls w ith h is t o r ic a l ly
docum ented links to slavery and Jim
C ro w , c o lle c t p rim a ry re se a rc h
m aterials, and hold public hearing.
T he Institute’s finding will serve as a
legal-m oral basis for black people’s
reparation claims.
M aking restitution for dam ages is
rooted in our legal system and has
been used by industrialized nations
as a m echanism for apologizing and
c o rre c tin g in s titu tio n a l w ro n g s.
R e stitu tio n ’s have been m ade to
nearly every group that has claim ed
injury but black people.
W hite indentured servants received
freedom dues. T he U nited States
allocated $ 14 billion to Japan (The
Point Four Plan) and G erm any (The
M arshall Plan) follow ing W orld W ar
II. O ur governm ent just gav eo v erS 1
billion to Japanese A m ericans for
relocating them during W orld W ar 11.
T his reparations act through treaties
for nearly tw o hundred years.
Even through it will be the purview of
black people todeterm ine the form of
reparations to be dem anded, i.e.,
m oney, land or tax exem ptions, the
Institute will seek to craft a form ula
and
m a k e r e c o m m e n d a tio n s
regarding the am ounts, forms, and
delivery mechanisms. The initial focus
will be on industries such as cotton,
textiles, insurance, railroads, banks,
tobacco, iron w orks, shipping lines,
furniture companies, farm equipment,
sugar, and other food stuffs.
The Institute's research will take a
tw o-tiered fo c u s:) 1 full slavery and
2) Jim C row se m i-sla v ery . T he
hearings and research findings will
be m ade public on an on-going basis.
U rg e n t
Family In Need O f Help
Name: Trent T. Sims Date Of Birth July 8, 1998
Diagnosis: Myledysplastic Syndrome
Acute Mylogenous Lukemia
Doctor: Lawrence Wolfe
Theadore Moore, Bone Marrow Specialist
Wish: Sesame Street Live-to let public be aware of his disease and if
there are any clinical trials available worldwide.
Family needs the following:
(1) Prepared food for a family of 4, while baby is in the hospital, OHSU
10 RM #8 contact Octavia McKinney (Mother) at 418-5118.
(2)
Money for Burial (21 Month old Male)
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