THE CHRONICLE
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Credo of The Black Press
The Black Press believes that America can best lead the world from racial and national antago- nism when it accords to every person, regardless of race, creed or color, his or her human and legal rights. Hating no person, fearing no person, the Black Press strives to help every personin the firm belief that all persons are hurt as long as anyone is held back
2-December 3, 2008The Chronicle
Black people do and they certainly won’t share their criticism of a member of their group with someonefrom another group.Before they do that they won’t say anything,” hesaid. “There’s someunspoken rule in the Black community that we shouldnot be critical of public officials whom we may dis-agree with,”says retiredNavy Master Chief JamesPowe of West Ashley. “Well, if you can’t be criti-cal of those among us, thenhow shall they know tah wearen’t agreeing with every-thing they say or do. Sen.Ford was right on point inraising the family connec-tion in Clyburn’s trying tofind a place in the FederalCommunicationCommision, but just for some to say the white folkshave been doing the samefor years, doesn’t make it right. If the lady has theskills and attitude to servein that position, good for her!” Another Charleston elected officialsaid he, too, was surprisedat the remarks of Sen.Ford. “It is obvious that the senator is still stinging when his choice for presi-dent, Hillary Clinton, did-n’t receive the support fromBlacks here, has left himembittered, so why not attack Cong. Clyburn?,” hesaid. He added that what’smore important is that our officials continue to work in behalf of their con-stituents and “leave that petty crap aside.”
Ford’s Criticism ------------------------------------------cont. from pg 1
has only a few months tolive.Bevel was a top lieutenant to Martin Luther King Jr.and architect of the 1963Children's Crusade inBirmingham, Ala.In April, a jury convictedBevel of incest for having sex more than a decade ago with his then-teenagedaughter.Prosecutors opposedBevel's release. He servedabout seven months of his15-year sentence.
Civil Rights -------------cont. from pg 1
reside in urban communities.Urban Awareness USA was selected to receive this addi-tional round of grant funding, in part, because of the vision of its owner, Tracy J. Brown and his proven track record of helping urban churches achieve their ministry visions. Mr. Brown wrote the book titled A Moses for Urban America in which he outlines his plan to solve theproblems of Urban America by educating African- American churches on how to use funding from the Faith-Based Initiative and private sources to implement pro-gramming to solve problems in the inner city. Mr. Brownsays, "I feel privileged that Urban Awareness USA hasbeen selected to receive this additional funding gift to helpCOGIC churches become more empowered and equippedto deal with the problems facing their communities. I'malso overjoyed that Urban Awareness USA is quickly becoming the undisputed authority on community growthand development issues for the urban church...prayerfully funding will continue to pour in so that we can help moreministries like COGIC more effectively reach the commu-nities God has called them to serve." According to sources familiar with the terms of the grant,Urban Awareness has received enough funding to assist 250 COGIC churches nationwide, with the possibility of receiving additional funding in phase two as early asspring 2009. Additional funding for this and future initia-tives is contingent, in part, upon the success of phase oneof the COGIC initiative, with similar programs under con-sideration for Full Gospel, AME, AMEZ, and Baptist organizations. To ensure an impartial application process,Urban Awareness USA has established a special websitefor COGIC Pastors and leaders to apply for the program(www.cogicdevelopmentgrant.org or www.cogic-develop-ment-grant.org).
Election of ------------------------------------------------cont. from pg 1
Orchestra. This year’s performance will feature the return of Memphis-based, outstand-ing guest artist Jennifer Bynum, soprano recently seen in the award-winning film Hustle and Flow star-ring Terrence Howard. All reserved seats for theNinth Annual CSO GospelChristmas are $30 avail-able at Gaillard Auditorium Box Office; Ticketmaster outlets at Publix Supermarkets or www.charlestonsymphony com. As the largest full-time per-forming arts organizationin South Carolina, theCharleston Symphony Orchestra (CSO) has beena central component theregion’s cultural fabric for visitors and residents alike. www.charlestonysympho-ny.com
CSO Gospel ------------cont. from pg 1
their hair maybe just once a month. “They were going bald and she was trying to address those issues. Hygiene was really different back then. When you don’t have indoor plumbing and centralheating and electricity, you just can’t jump in the shower and wash your hair. Bathing didn’t happen very often and people didn’t wash their hair very often, as a result they had a lot of scalp dis-eases.” Bundles has become a success in her own right, just two yearsremoved from a 30-year career as an award-winning television pro-ducer. She was director of talent development from 2000 to 2006and deputy bureau chief from 1996 to 1999 of ABC News in Washington, following 20 years as a network television producer with ABC and NBC, producing shows like ABC’s World News Tonight with Peter Jennings.
Madame CJ -----------------------------------------------cont. from pg 1
Jonathan M. TischCollege of Citizenship andPublic Service, Medford,MA – Now that the dust has settled from a recordturnout of young voters,new research reveals young Americans voted for Obama across party andracial lines, but youth withno college experience wereunderrepresented at thepolls, according to TischCollege’s Center for Information and Researchon Civic Learning andEngagement (CIRCLE) at Tufts University. An estimated 23 million young Americans under the age of 30 voted in the2008 presidential election, 3.4 million more voters ascompared to the 2004.CIRCLE estimated youth voter turnout rose tobetween 52 percent and 53percent, an increase of four to five percentage points.Compared to 2000, theincrease in youth turnout isat least 11 percentagepoints. This year’s youthturnout rivals or exceedsthe youth turnout rate of 52percent in 1992, a high year for youth voter turnout. A complete breakdown of the youth vote can be found at www.civicyouth.org. “At this critical moment inour nation, and as we makethe transition into a new administration, we must continue to encourage andmotivate all young peopleto get involved in politics,government and their com-munity,” said CIRCLEDirector Peter Levine. “We must continue toengage our nation’s youthand expand civic opportu-nities for young Americans.” The 18-29 age voting bloc is more diverse than older voters—youth voters classi-fied themselves asHispanic/Latino, black,and gay, lesbian, or bisexu-al in much larger propor-tions than the electorate asa whole.Unfortunately, young voter turnout remains skewedtowards those with moreformal education. For instance, while just 57 per-cent of U.S. citizens under 30 have ever attended col-lege, 70 percent of all young voters had gone tocollege. The same dispro-portion can be seen whenlooking at those without a high school diploma. While youth with no highschool diploma make up 14percent of the general youth population, only six percent of young voters in2008 had no high schooldiploma.One of the most striking characteristics of this elec-tion was young people’sunited support for Barack Obama, regardless of their political affiliations. Thirty-three percent of young white voters self-identified as “Democrat,” and yet, 54 percent votedfor the Democratic candi-date. Similar trends wereseen with African Americans and Latinos, where a large number of youth self-identified asRepublicans yet voted for Barack Obama, signifying youth support for Obama seemed to cross racial andpartisan lines. And as expected, young African American votersoverwhelmingly supportedthe Democratic Party andBarack Obama, but 58 per-cent considered themselves “born-again” or “evangeli-cal”Christians, and 21 per-cent considered themselves “conservative.” Young women voters alsocame out to the polls inlarger numbers—55 percent of young voters were women, which was consis-tent with the overall trend(53 percent of all votes were cast by women). Thistrend, however, was espe-cially strong for young Black voters, 61 percent of whom were women. As for adults, the economy was a top issue for young people. Youth were morelikely to oppose U.S. off-shore oil drilling (39 per-cent versus 28 percent of all voters). More young peo-ple said a candidate’s race was a factor than the gen-eral voting population (24percent versus 19 percent). Almost half of young voterssaid they would be “excit-ed” if Obama won, as com-pared to 30 percent of theoverall electorate, and just 20 percent of voters over the age of 60.
Young Voters Support Obama Across Party and Racial Lines
"If we accept and acqui-esce in the face of discrim-ination, we accept theresponsibility ourselvesand allow those responsi-ble to salve their con-science by believing thatthey have our acceptanceand concurrence. Weshould, therefore, protestopenly everything . . . thatsmacks of discriminationor slander."--
Mary McLeod Bethune(1875-1955)
“Year End Tax Tips” by Michael G. Shinn, CFPContributing Writer There are just a few weeks left before theend of 2008, but there arestill some opportunities tosuccessfully manage your tax burden. “To manage your taxes, you have to beon top of it. You have tohave a good estimate of your income and tax deductible expenses.Don’t wait until April 15th,because it’s too late to doanything about it then,” states Kevin Penn a CPA and tax preparer inCleveland, Ohio. The gen-eral rule of deferring income and accelerating deductions at year-end isstill good tax planning strategy. If you used a tax advisor in the past, youshould meet with your advisor to assess your tax situation and discuss how the following tips apply to you. . Tip #1- Determine where you are?Start by taking out last year’s tax returns, your most recent pay stubs and your investment account statements. Make a copy of your Form 1040 andpencil in estimates of your 2008 income. Use your investment account state-ments to estimate your interest and dividendincome and also whether you have capital gains or losses. If you have a busi-ness, estimate your busi-ness income for 2008. If you have rental property,estimate your full year income and expenses.Estimate your itemized deductions for 2008. These include:allowable medical expens-es, all state and local taxes,allowable interest, charita-ble contributions, allow-able losses and miscella-neous deductions. Pencilin your total deductions on your Form 1040 and sub-tract it from your adjustedgross income to determine your Taxable Income. Usethe tax tables to determine your estimated tax.Subtract any applicablecredits from your total tax.Using your pay stubs, esti-mate your withholding for the year and add quarterly tax payments. Subtract your payments from thetotal tax to determine theamount of your overpay-ment or tax due. Tip #2- AccelerateDeductions Allowable deduc-tions reduce your taxableincome and your tax bill. The following is a samplelist of actions that you cantake before year-end tohelp reduce your tax bur-den:-Pay state and local esti-mated income taxes beforethe end of the year.-Pay property taxes before year-end.-Pay your January, 2008mortgage payment inDecember-The interest will be deductible this year.-Be charitable- Make con-tributions to your favoritecharities. Additionally non-cash contributionssuch as clothing, house-hold goods and appreciat-ed securities can bededucted at their fair mar-ket value. Tip #3- Harvest Your Losses Analyze your investment portfolio withthe objective of balancing out capital gains and loss-es. If you have stocks that have “paper” losses, try tosell enough losers to offset your realized capital gainsfor the year. Additionally, you can deduct an addi-tional $3,000 ($1,500 for married filing separately)of losses from your regular income. Two words of caution: Be careful toavoid a “wash sale” that isre-buying the same security within 30 days before or after you sold shares. Additionally, losers that you dump have to be secu-rities that you are comfort-able selling at this time.Tip #4- Defer Income The basic intent of deferring income is tolower your taxable incomefor the current year. Thisis limited for most wageearners, however there aresome opportunities.Deferring a year-end bonusto January 2009 will escapetaxation in 2008.Investment property, suchas real estate, which isbeing sold near the end of the year, could have theclosing delayed until early 2009. Tip #5- Get Ready First, setup a tax filing system for all of youtax related receipts andstatements. Keep a copy of your tax returns forever. If you anticipate receiving a large refund because of over withholding, consider filing a new W-4 to reduce your payroll withholding.Plan ahead for your 2009IRA, 401K, and similar retirement account contri-butions. If you have a med-ical or child-care flexiblespending account, makesure you use the full bal-ance this year and planahead for next year. Watch out for the AMT You might be subject tothe alternative minimumtax, (AMT) if your incomeis above $75,000, had sig-nificant write-offs, exer-cised incentive stock options or had significant capital gains. When it applies, the AMT is an “add-on” tax that is over and above your “regular” tax. To determine your AMT exposure, get themost recent version of Form 6251 and make thecalculations. The information providedhere is a basic guideline toget you started. It is rec-ommended that you con-sult a qualified tax profes-sional to assess your per-sonal situation.Michael G. Shinn, CFP,Registered Representativeand Advisory Associate of and securities offeredthrough FinancialNetwork Investment Corporation, member SIPC. Visit HYPER-LINK "http://www.shinn-financial.com" www.shinn-financial.com for moreinformation or to send your comments or questions toshinnm@financialnet- work.com. © Michael G.Shinn 2008. Neither Michael Shinn nor Financial Network pro- vides tax advice. Pleaseconsult a tax professionalbefore implementing any strategy.
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