Black Enterprise articles from July 2003

Black Enterprise archives from July 2003

Career spotlight. (Web Features).(blackenterprise.com)(Brief Article)
July 1, 2003... Corporate downsizing has affected millions of Americans due to a sluggish economy, but there are still career opportunities to be found. Visit our online career center to find job opportunities that match your skills using our job search...

Entrepreneur's handbook. (Web Features).(blackenterprise.com)(Brief Article)
July 1, 2003... Becoming a successful entrepreneur takes more than a great idea and access to capital. Ask any entrepreneur. To be successful, an entrepreneur must have a clear strategy, be flexible, have technological aptitude, and possess excellent...

Resource line. (Web Columns).( blackenterprise.com. Interactive Media )(Brief Article)
July 1, 2003... Whatever your professional or entrepreneurial needs, you can find advice at blackenterprise.com. Interactive Media Editor Lewis' column provides useful resources for business owners, corporate executives, and budding investors. lewisl@...

Maximize your money. (Web Columns).(Interactive Homeownership Planning Guide)(Brief Article)
July 1, 2003... Choosing stocks that are primed to rebound is key to rebuilding your portfolio. Personal Finance Editor Scott will review a few of his picks as well as give insight on investment strategies and market trends. VISIT OUR INTERACTIVE...

Franchise finder. (Web Tools).(FREE Franchise Finder)(Brief Article)
July 1, 2003... Want to become an entrepreneur but don't know where to start? Use our FREE Franchise Finder[TM], your ultimate business start-up resource, to locate franchise and business opportunities. Select franchises that interest you based on the category...

Free Microsoft Money 2003. (Web Tools).(ShareBuilder and blackenterprise.com)
July 1, 2003... ShareBuilder and blackenterprise.com are offering investors an innovative way to invest online through automatic. recurring, dollar-based investments. With this limited time offer, we'll send you a free copy of Microsoft Money 2003, once...

Homeownership: a foundation for wealth. (Publisher's Page).
July 1, 2003... Three million more African American homeowners; an additional $760 billion in home equity value. That, according to Fannie Mae Chairman and CEO Franklin D. Raines, is what we could gain by achieving racial equality in housing in America. These...

About this issue.
July 1, 2003... The recent talk of diversity among African Americans turns out to be a much more complicated three-part discussion. We all know about Part One: Before 1989, corporate diversity meant hiring African Americans or reaching out to include them in...

Student loans. (Letters).(Letter to the Editor)
July 1, 2003... AS SOMEONE WHO FINANCED A SMALL portion of my undergraduate education and most of my graduate education, I appreciated the article "Managing Your Student Loan Debt" (April 2003). Many black students are investing in their education by taking...

Artists unite! (Letters).(Letter to the Editor)
July 1, 2003... THANKS FOR THE ARTICLE "MUSICIANS GET Vocal" (Newspoints, April 2003). I applaud you for bringing attention to the ongoing fight being waged by African American recording artists seeking economic benefits through the Artists Empowerment...

Amazing! (Letters).(Letter to the Editor)
July 1, 2003... I'M JUST AMAZED. YESTERDAY MY GRANDFATHER gave me an issue of your magazine, and wow! As a 16-year-old black female, I find it very reassuring that there are successful African Americans out there. Of course, there are athletes and...

Generation next. (Letters).(Letter to the Editor)
July 1, 2003... YOUR TEENPRENEUR MAGAZINE IS SENSATIONAL! This magazine was given to my 17-year-old daughter. I happened to see it lying around and picked it up to read. It is absolutely wonderful. I am excited about young teens trying to better...

A commercial success: Ann Fudge takes the helm as the first African American to head a major advertising agency. (Newsmakers).
July 1, 2003... In what many insiders are calling a surprise, Ann Fudge will succeed Michael Dolan as chair and chief executive officer of Young & Rubicam Inc. and Y&R Advertising, Young & Rubicam's largest operating unit. The agency had reported billings of...

Black leadership: the next generation: as today's leaders grow older, who will our future leaders be? (National News).
July 1, 2003... On May 15, the National Urban League (NUL) appointed Marc H. Morial its new president and CEO, succeeding 61-year-old Hugh B. Price, who announced his resignation last fall after nine years at the helm. Morial, 45, represents the new breed of...

The new regime. (Newspoints).(potential African American community leaders)
July 1, 2003... While naming every potential future leader in the African American community would require an entire book, political analysts say the following individuals are worth taking notice of, and may conceivably end up leading a major black empowerment...

Separate but equal? Less diversity means fewer resources for black students. (Facts & Figures).(Brief Article)
July 1, 2003... A recent study by the Harvard University Civil Rights Project reports that minority students who attend schools with a predominantly minority student body receive an inferior education when compared with minority students in predominantly white...

Protecting your nest egg: Linda Peterson didn't allow her retirement to be downsized with her job. (Investment Strategies).
July 1, 2003... When Linda Peterson, a 27-year veteran account executive for the Los Angeles Times, received an internal e-mail offering employees more than 50 years of age a buyout, she decided not to prevaricate. After observing the nation's contracting...

Write it off right: Gail Penha is a home-based business owner who takes the proper deductions. (Tax Strategies).(Gap Enterprises Natural Solutions, Ellicot City, Maryland)
July 1, 2003... Gail Penha, owner of Gap Enterprises Natural Solutions in Ellicot City, Maryland (www.gapnaturalsolutions.com), has been importing hair, facial, and body-care products made from minerals and plant extracts from the Dead Sea in Israel and...

A mixed picture of growth: Perry Cabean's focus on economic trends couldn't produce picture-perfect gains. (Stock Update).
July 1, 2003... When money manager Perry Cabean weighed in with his Private Screening picks last year, he tried to focus on "the big picture" regarding the movement of the economy before he made his selections. Cabean, who helped supervise $18 billion in...

Short and sweet: short-term government bond funds are a relatively safe entree in today's market. (Mutual Fund Focus).
July 1, 2003... The past three years have proven that investors, young and old, need to have a stake in bonds. While a stalled economy has put a damper on stocks since 2000, the Federal Reserve's efforts to spark a recovery have given a boost to bond fund...

What is cash? (Ask B.E.).(Brief Article)
July 1, 2003... Q I am a beginning investor and I understand the concept of having a diversified portfolio. But I don't understand what is considered "cash" in one's portfolio. Can you help? --J.R. Johnson Via the Internet A The "cash"...

Building a growing business: Ryce followed her father's footsteps into the construction trade. (Making It).
July 1, 2003... Willie Roberson had wanted a son--to the extent that when Sundra Ryce was a little girl, he gave her a boy's pet name: Kojak. Having been born a girl, Ryce may have initially disappointed her dad, but that didn't stop Ryce (her married name)...

Taking it to the next level: growing your business doesn't have to be a pain. (Management Advice).
July 1, 2003... In 1999, Teresa Norton came to a crossroads: turn away customers or expand her business. It wasn't an easy decision. Norton, president of NEI Inc., a document imaging and data management firm in Clearwater, Florida, had been a one-person...

Minority business opportunities: Resource Portal rates IBM and DoD best for multicultural firms. (Small Business News).
July 1, 2003... The IBM Corp. and the Department of Defense (DoD) are the top organizations when it comes to providing minority business opportunities, according to a 2002 survey conducted by Div2000.com, a resource portal for small businesses and large...

Technically marketing: this entrepreneur used his IT background to give his business an edge. (Making It).
July 1, 2003... One of his first experiences with computers came when he was given a Timex Micro as a birthday gift. It was at that point that Joseph N. Weaver Jr. discovered his true passion for a concept that has revolutionized the new...

Timing the economy. (Savvy Solutions).(Brief Article)
July 1, 2003... Q For the past four months, I have been trying to start a marketing and consulting firm. I have spent a lot of time researching competitors, possible operation costs, and marketing tips. One thing I am not so sure about is the economy. ...

A space-age idea: first black woman astronaut looking to market NASA technology. (Tech News).
July 1, 2003... NASA's first African American female astronaut, Dr. Mae Jemison, has turned her career at the space agency into a business opportunity. In 1999, Jemison started BioSentient Corp. in Houston to obtain the license to commercialize Autogenic...

Stop pop-up pests and spyware. (B.E. Reviews).
July 1, 2003... E-mail and newsgroup spam are annoying, but at least they file neatly into your e-mail or newsgroup reader. Pop-up Web ads, on the other hand, erupt onto your desktop as new windows--sometimes multiple windows--disrupting your Web browsing,...

Waste matters: Afro-German engineer develops recycling machine. (Black Digerati).
July 1, 2003... The Technology Center, a sparkling structure of glass shaped like a sloping cylinder, is the centerpiece of Electronic Park in Duisburg, Germany. It stands in the middle of the Ruhr Valley, the heart of Germany's industrial sector. On the...

Hard disk to go. (B.E. Reviews).(Iomega Mini USB drive )(Brief Article)(Product/Service Evaluation)
July 1, 2003... For Years now, the world has been saying floppy disks are, well, passe. And although we don't necessarily agree, the Iomega Mini USB drive gives us yet another reason to reconsider. The drive comes in 64MB, 128MB, and 256MB capacities (we...

Can you hear and see me now? (B.E. Reviews).(Samsung's SGH v205 )(Brief Article)(Product/Service Evaluation)
July 1, 2003... There's been plenty of hype lately about the new camera phones. And rightfully so. They're sleek, stylish, and hot. Samsung's SGH v205 is one phone that will definitely up your cool quotient. Although we're not too sure about the business...

Mobile vacations. (Cyberwise).(Brief Article)
July 1, 2003... Q I'll be taking a working "vacation" soon and want to stay connected to my office while on the road. I don't want to use hotel dial-up connections, and I hear those wireless cards are pretty good. Problem is, I don't know which one to...

I'm leaving the business: an employee who exits your company may also quit the industry. (Inbox).
July 1, 2003... You've heard it before--it's cheaper to keep them. Simply put, it costs less to retain an employee than to replace an exiting one. In fact, the American Management Association estimates that the cost of replacing an employee is equal to 30% of...

Watch your language! Say what you mean, not what you're feelin'. (Making Connections).
July 1, 2003... Labor specialists agree that while most job candidates tend arduously to minute details regarding their resume and/or their appearance, they often overlook the significance of using language correctly. That oversight may give another candidate...

Make ready. (Since You Asked ...).(finding a mentor)(Brief Article)
July 1, 2003... Q I am a management and finance major graduating this year. I have attended countless networking meetings in search of an ideal mentor, who, in my opinion, will tell me all the secrets and shortcuts to getting to the top; help me make...

Fannie Mae. (On The Move).(Brief Article)
July 1, 2003... Shalley A. Jones is now vice president for housing and community development for Fannie Mae's 10-state Midwestern region. Her responsibilities include implementing initiatives for low- and moderate-income home buyers and developing innovative...

Federal Deposit Insurance Corporation (FDIC). (On The Move).(Brief Article)
July 1, 2003... Donna J. Gambrell has been promoted to deputy director, compliance and consumer protection at the Federal Deposit Insurance Corporation (FDIC). Her duties include overseeing examinations for the nation's approximately 6,000 FDIC-regulated...

Ford Motor Company. (On The Move).(Brief Article)
July 1, 2003... Edward T. Hightower has been promoted to chief engineer and leader of the Expedition and Navigator SUV business at the Ford Motor Company in Dearborn, Michigan. He is responsible for vehicle line profit/loss, current and future model product...

fAetna. (On The Move).(Brief Article)
July 1, 2003... Cheryl Pegus has been appointed the national medical director for women's health for Aetna. Based in Blue Bell, Pennsylvania, she is responsible for the entire spectrum of women's health programs currently offered by Aetna, among other duties,...

American Urban Radio Networks. (On The Move).(Brief Article)
July 1, 2003... Andy Anderson has been named senior director, partnership marketing at American Urban Radio Networks. He will focus on developing new promotional partnerships as well as creating and developing new marketing campaigns that will enhance the...

Convention calendar. (powerplay).(Calendar)
July 1, 2003... * National Association of Black Accountants Inc. July 8-12, 2003 Boston, Massachusetts 301-474-6222 www.nabainc.org * National Optometric Association July 15-20, 2003 Atlanta, Georgia 877-394-2020 ...

And the children will teach: by introducing her daughter to investing, Ann McNeill has created a budding financial guru. (Black Wealth Initiative).
July 1, 2003... AT AGE 15, IONNIE McNEILL IS A SHREWD INVESTOR. Before she was old enough to talk, Ionnie tagged along with her mother, Ann McNeill, to weekly investment meetings given by the National Association of Investors Corp. (NAIC) and the Mastermind...

Maintaining a no-debt lifestyle: Linda Clayton may have to suppress her fears about debt to increase her fortunes. (Family Finances).
July 1, 2003... LINDA CLAYTON HATES BEING IN DEBT. HER FEAR OF debt is such that she recently used a settlement from a car accident and her savings to pay $40,000 in cash for a BMW X5 SUV, just to avoid taking on a car note. Clayton's biggest fear, however, is...

Black men can't coach? While the NCAA considers changing its game plan, many black football head-coaching candidates remain on the bench. (Special Report).
July 1, 2003... IN EARLY MAY, THE UNIVERSITY OF ALABAMA HAD AN OPPORTUNITY TO MAKE HISTORY BY HIRING the first African American head football coach ever in the Southeastern Conference--and fumbled the ball. After firing football head coach Mike Price over an...

10 keys to financing your home: everything you need to know when you shop for a home. (B.E. Guide To Home Ownership--Part 1).
July 1, 2003... At BLACK ENTERPRISE, we believe homeownership is the key to building wealth in America. Over the next three months, we will present a comprehensive guide to help you take this vital step toward improving your financial future. Terri Sly...

Does your company discriminate? Yes, some companies do mistreat employees. Here's what you need to know to protect yourself or, if necessary, take action. (Special Report).
July 1, 2003... BEFORE LANDING A POSITION AS A SALESMAN AT XEROX, FRANK WARREN SAYS HE WAS DENIED four times. He was also passed over, he says, for a white counterpart who had failed at several positions at the company. Despite having nine years of experience...

Can't we all just get along? Reaching detente in the age of corporate diversity requires reaching across enemy lines of race and gender. (Book Excerpt).(Excerpt)
July 1, 2003... A HUSH FELL OVER THE ROOM AS ONE BY ONE, NINE OUT OF THE 10 men raised their hands. The moment was both ludicrous and incredibly real as the men, all of whom were African American and participants in the Center for Creative Leadership's (CCL)...

My moment of truth: the make-or-break experiences of these peak performers can help you break through the barriers to your greatness. (Motivation).(Cover Story)
July 1, 2003... WE ALL HAVE THEM. THOSE MOMENTS THAT FUNDAMENTALLY CHANGE US. We may not always recognize them as they're happening, but we look back and they are crystal clear--the turning points that shape our lives, alter our direction, offer us a deeper...

The new face of business executives. (Special Advertising Section).
July 1, 2003... Warren B. Steele, FLMI Senior Vice President Assistant Director of US Marketing AFLAC Responsible for AFLAC's U.S. Marketing Division, which boasts over $1 billion in new premium annually and over 8 million policies in force in the United...

Be selfish: serve others: generosity does more than improve your world--it makes you feel better. (Attitude Enhancement).
July 1, 2003... It's one of the basic laws of nature: Give and you shall receive. It's a biblical notion, a spiritual cornerstone, and a moral imperative--not a material one. It's about giving without expecting something in return. The idea is that you should...

Nothing but the truth: style maven and life coach Harriet Cole keeps it real. (Motivation).('Choosing Truth: Living an Authentic Life')(Book Review)
July 1, 2003... In her latest book, Choosing Truth: Living an Authentic Life (Simon & Schuster; $22), Harriet Cole practices what she preaches. By choosing to share personal aspects of her life, including a failed marriage and several years of hidden drug and...

One dad's mission. (Help Yourself).(online service)(Brief Article)
July 1, 2003... Q I [want] to launch an online publication [that focuses] on black fathers. I am the father of a 1-year-old girl. This experience has shown me that I am in a sea of self-doubt and have questions with no answers. I was raised by my loving...

Who's your agent? When buying insurance, you've got options. (Buying Power).
July 1, 2003... Within a year, insurance for Umana and Dawn Essien's home, health, and car in Tomball, Texas, reached stratospheric proportions. The couple's car insurance cost $400 per month. Umana's teachers' insurance premiums rose from $100 a month to...

Good neighbors: are you willing to live in an association-governed community? (Consumer Life).
July 1, 2003... Covenant police, residential private government, and bullies. These are just a few of the names that homeowner associations have been called. "I've had a few issues with them," says David Doggette, who purchased a townhouse in Laurel, Maryland,...

What's the deal? (Ask Your Advocate).(home appraisals)(Brief Article)
July 1, 2003... Q What does it mean when house has "failed to appraise" when you're in the process of buying it or making an offer? --Via the Internet A That is not a term that is used. It may have been misquoted. An appraisal is an estimate...

Fashion essentials: Berne Anderson opens shop. (Personal Passions).(Essentially British boutique in Easton, Pennsylvania That same ye )
July 1, 2003... Berne Anderson wants to start a fashion revolution, bagging the trends and getting men and women to think seriously about dressing--the way they used to during Hollywood's glamour years and the way they still do in Europe. "The key is quality...

Pleasure property: an exclusive getaway in the Dominican Republic. (Travel Talk).
July 1, 2003... Even the most disciplined golfer may have trouble concentrating on Punta Cana's 18-hole golf course. Fourteen of those holes offer views of the Caribbean Sea, and four plays are right along its powdery sands. Golf is just one of the...

Two's better. (The Finer Things).(Odyssey's 2-Ball Putter)
July 1, 2003... They are winning Pro Tour tournaments worldwide, but the Odyssey's 2-Ball Putter has also helped many golfers--professionals and enthusiasts--perfect their alignment on the stroke. The new DFX model, in addition to being lighter, offers an...

Cool carry-all. (The Finer Things).(Callaway Golf Bag by Tumi)
July 1, 2003... The Callaway Golf Bag by Tumi is stylish and functional. Made nylon, it is water-resistant and abrasion-proof, with full-length shaft dividers, a six-way club divider, and a putter pit. Other features include a detachable, lockable valuables...

Swing high. (The Finer Things).(golf clubs)(Brief Article)
July 1, 2003... Available in Gun Metal, Chrome, RTG raw finish, and Satan Chrome, 588 Tour Action Wedges by Cleveland Golf set the standard for performance. Popular on the Pro Tour circuit, the combination of a large face and a high toe profile makes it easy...

Stax Museum of American Soul Music. (What's Happening).(Brief Article)
July 1, 2003... * "Sittin' on the Dock of the Bay," "Theme from Shaft," and "I'll Take You There" are some of the many great songs (800 singles and 300 LPs) created at Stax Records in Soulsville, a small neighborhood in downtown Memphis, Tennessee. Today, it...

Lincoln Center Festival 2003. (What's Happening).(Brief Article)
July 1, 2003... * The urban, jazzy sound of bossa nova found its roots in Bahia and Pernambuco, the African-Caribbean regions of Brazil. Lincoln Center Festival 2003 celebrates the bossa nova's musical stylings with a five-night showcase at the Lincoln Center...

The centenary commemoration of the publication, The Souls of Black Folk, by W.E.B. Dubois, activist and founder of the NAACP, is the focus of the National Black Arts Festival 2003, July 18-27 in Atlanta. (What's Happening).(Brief Article)
July 1, 2003... * The centenary commemoration of the publication, The Souls of Black Folk, by W.E.B. Dubois, activist and founder of the NAACP, is the focus of the National Black Arts Festival 2003, July 18-27 in Atlanta. His work will be interpreted by...

U.S. Virgin Islands Music Festival. (What's Happening).(Brief Article)
July 1, 2003... * St. Thomas will host the U.S. Virgin Islands Music Festival, July 11-13. The festival features jazz, reggae, R&B, gospel, and hip-hop artists including Gerald Albright, Alex Bugnon, harpist Jeff Majors, and Virtue. For more information, log...

Let us entertain you: nonstop activity at the 2003 Golf & Tennis Challenge. (Golf & Tennis Challenge).
July 1, 2003... The 10th annual Black Enterprise/Pepsi Golf & Tennis Challenge, held Thursday, Aug. 28 to Monday, Sept. 1, 2003, at the Doral Golf Resort & Spa in Miami, promises five sun-filled days of sporting events and networking--and four fun-filled...

A look at women CEOs. (Next Month).(Brief Article)
July 1, 2003... Last month, we looked behind the scenes at the rise of African American women business owners on the BE 100S list. Next month, we explore this issue in greater depth. In 1988, there were eight women CEOs on the BE INDUSTRIAL/SERVICE 100 and BE...