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Page 22 • August 27, 2015 • Edmond Life & Leisure

Reynolds Ford Lincoln
of Edmond
475-9000
600 W. Memorial Road
www.reynoldsfordofedmond.net
www.reynoldslincolnofedmond.com

Reynolds Ford and Reynolds
Lincoln of Edmond is a franchise
located off of Memorial just west of
Santa Fe Avenue in Edmond.
“We opened the Lincoln facility in
October of ’05 and. We purchased the
franchise from Group 1 Automotive,”
says General Manager, Mike Parks.
“And we moved Ford over from
Broadway to its present location in
December of ’08.”
Reynolds Ford and Lincoln has an
extensive new and used car collection. “We have a lot of certified preowned Lincolns and certified preowned Fords,” says Parks. “We participate in the factory certified program
heavily. We really believe in that product. And of course we have new Ford
and Lincoln and other used vehicles
as well. On the other used vehicles if it
is eligible for it through the Reynolds
Certified Program, it gives a three
year, 100,000 mile powertrain warranty along with roadside assistance.”
Parks loves working with the customers that come in to the store and
has a passion for the car business
which he has been in for over 25
years.

The immigration issue
“Everything ends badly. Otherwise it
wouldn’t end.” – Brian Flanagan (Tom
Cruise), “Cocktail” (1988)
By Nick Massey
We’ve had a lot of
mixed economic news
lately. Greece is quiet (for
now) and China is in the
headlines as they go to
extreme measures to prop
up their stock market and
economy. (I’ll write more
about that soon.) DemoMassey
graphic trends are terrible
in Germany and Japan,
but they don’t look so hot here either. Yet
we still hear news of a strengthening U.S.
economy.
Some say that immigration is on the rise.
Huh? I’m not sure what they’re looking at,
but immigration is not increasing, and certainly not over pre-2008 trends.
U.S. immigration is getting worse (i.e.
lower amounts) over time, and that does
not serve us well. Of course, that depends
on whether you think less immigration is a
good thing or a bad thing. Immigration,
whether legal or illegal, is a hot topic in the
current presidential campaign, largely due to
Donald Trump. However, few people are
fully aware of just how much immigration
has driven population and economic growth
in the U.S throughout history.
From the late 1800’s into World War I,
there was a massive wave of immigration
that fed our population. It peaked at 1.25
million per year between 1907 and 1914.
Then, in 1991 we hit another peak of 2.25
million when we offered the amnesty program. Keep in mind that was against a population of 250 million vs. 99 million in
1914. That’s a difference of 1.6 percent per
year in 1914 and 0.5 percent in the early
1990s.
That’s a huge drop! he main point here is
our country will never see the wave of immigration we saw 100 years ago, or even in
the last few decades! Demographic experts
have been forecasting for years that we’d
see a major decline in both immigration and
birth rates – the two things an economy
needs most. Despite unprecedented stimulus from our government and the Federal
Reserve, both of these declines are occurring.
Immigration – both legal and illegal – has
dropped from a peak of 2.25 million 24
years ago to just over one million in 2014.
Births have dropped from a peak near 4.35
million in 2007 to 3.9 million last year. And
like so many economists, the Census Bureau
is extrapolating the short term to think
births will continue upward in a straight
line. It forecasts that we’ll have 420 million
people by 2060. But a more realistic assumption about birth and immigration suggests about 360 million. That’s a lot of
people for sure, but that’s 60 million fewer
people that won’t need homes, offices, groceries, gadgets, etc.
Immigration – for the most part – has
been pretty good the past several years.
That’s largely thanks to Mexico, and to a
lesser degree Latin America. Now, before
you get all riled up and start waving your
tea party badge at me and sending hate
mail, stay with me for a moment. I’m talking economics here, not politics. I’m also
talking about legal immigration.

Since 2000, immigration from Mexico
has fallen dramatically while immigration
from Asia has gone up slightly. Over the
long term, Mexican immigration doesn’t
look so big now. It has fallen from around
400,000 a year in 2000 to around 100,000
in 2014. Let’s take an even closer look. Between 1995 and 2000, 2.95 million Mexicans crossed the border (legally). Then,
from 2005 to 2010, it balanced out to zero
as a reaction to the great recession. Just as
many Mexicans came in as left! Have you
heard anybody talk about that in the campaign rhetoric?
Meanwhile, immigration from Asia has
been rising, but not by much. Between
2000 and now, immigration from India has
climbed to 120,000 a year from 80,000.
From China it’s up to 140,000 from 80,000.
That nowhere near offsets the drop in immigration from Mexico.
Perhaps you may be in the camp that
thinks this is a good thing. But it’s not. Our
birth rates are not high enough and immigration is important to our sustained economic growth over the long term. Instead
of having to wait for them to become
adults, most immigrants come into the
country in their 20’s and 30’s and can immediately become productive. Illegal immigration is another subject and I’ll leave that
to you and the politicians to decide what
should or should not be done about it.
Fortunately, there is some good news in
all this. We’ll likely get more immigration
from China in the next few years as they
take drastic measures to control their unstable economy. Many people, especially the
wealthy, will be trying to get themselves
and their money out of the country. That
adds productivity and spending to our economy.
But overall, immigration is falling. And if
it looks bad now, just wait until we have the
next economic downturn. We should take a
lesson from Australia. The Land Down
Under has one of the best immigration policies in the world. The country encourages
immigration. However, they’re very selective
in the skills they targets. They don’t let it
happen by accident. As a result, Australia
has a larger echo boom generation than its
baby boom and that’s why they have the
best demographic trends in the world as far
as wealthy countries go.
But over here, we will probably see our
millennials (or echo boomers) reject higher
immigration rates as we sort through our
issues with income inequality. In slow economic times, immigration is not politically
popular. After all, we saw the same thing
during previous boom and bust time. Like
all things, it goes in cycles.
Ultimately, cutting down on immigration
will be a huge mistake for us. This country
relies on immigration – always has. And it
has clearly worked to our advantage both
in innovation and population growth. So
before you heed the “wisdom” of so many
news types and political junkies bashing
immigration, take a step back and look at
the bigger picture. Thanks for reading.
Nick Massey is a financial advisor and
President of Householder Group Financial
Advisors in Edmond, OK. Nick can be
reached at www.nickmassey.com. Investment advice offered through Householder
Group Estate and Retirement Specialists, a
registered investment advisor.

“My favorite part is just the interaction with people,” says Parks. “We’re
a retail facility with a large volume of
both service and sales and I have a
lot of interaction with not just my staff
but the people that use our services.
I have been in this business quite
awhile and enjoy the people I associate with and the people I work with
every day.”
Parks has lived in Edmond for
quite some time now. “My wife and I
moved to Edmond in 1975,” says
Parks. “We’ve been together for 40
years and raised our children in the
Edmond school system. They both
graduated from Edmond Memorial
and we just recently moved out west
of town where we bought some
property.”
At Reynolds Ford and Lincoln of
Edmond they strive for excellent customer satisfaction and have found
they have been doing a pretty good
job. “We hear all the time from customers that they have never had a
better buying experience than they
have through our store,” says Parks.
“Part of the reason for that is we
work with people on an honest level.

We try to establish a reputation of
integrity with our customers. As
young as this store is, we have a lot
of customers that have purchased
multiple vehicles with us.”
Every month the factory will
change their incentives and
Reynolds Ford and Lincoln tries to
identify inventory that might be aged.
“So on our website you will find quite
a few specials that we run that are
actually excellent purchases,” says
Parks. “They are terrific buys.”
Reynolds Ford and Lincoln are in
the process of scheduling a Lincoln
Driven to Give event to help raise
money for a charity of their choosing.
“We will work with a charity and do
road tests which will pay the charity
for every road test,” says Parks.
“And we are working right now with
Ford on a Drive 4 UR School event
in the fall as well.”
For more information on Reynolds
Ford and Lincoln call the main line,
475-9000 or visit them at
www.reynoldsfordofedmond.net or
www.reynoldslincolnofedmond.com.
– Alexx Harms

The questions to ponder

Before taking board seat
By LaDonna Sinning
I’ve been asked to sit on the board
of a nonprofit organization. What should I consider in making my decision?
First of all, congratulations! It’s an honor to be
asked to sit on a board for any organization.
Clearly, you are well thought of by the existing
board members. You are wise, however, to careSinning
fully consider your decision to sit on this, or any
other, board. In general, board members have a
fiduciary duty to the organization that they are helping to manage.
That fiduciary responsibility is often considered to include three
basic duties: acting in good faith, exercising proper care and with
loyalty. This means, in the most simple terms, that you will take
your responsibility seriously, acting only for purposes that benefit
the organization; being careful to ensure you protect the resources
of the organization and do not deploy them in a means that would
cause harm to others; and doing these things without personal economic conflict.
Does this mean I have some personal
risk in accepting this position?
You would, of course, be liable for intentional misconduct or any
knowing violation of law in addition to any transaction where you
derive an improper personal benefit. You could also be held personally liable for tax penalties assessed against the organization. You
could be named, individually, in lawsuits filed by others in your capacity as a director. Given that exposure, you want to ensure that
the organization carries sufficient insurance on its officers and directors (commonly referred to as D&O insurance) and that you will be
covered by that policy. It’s also fair to inquire as to whether or not
all tax returns, including payroll tax returns, are filed and the payments current. You might also consider asking whether or not the
board is currently being sued and if it has ever been sued in the
past. This may provide insights into potentially troubling situations.
Anything else I should consider?
One primary consideration outside of the legal risks is the time
requirement. Consider whether you have sufficient time to prepare
for and actively participate in the board meetings. You should be
prepared to follow through on assignments and volunteer on behalf
of the organization. My best advice is to ask how much time is required and then double that to see if you have enough time available. We all tend to underestimate the amount of time needed for
tasks and you want to be ready to exceed the required time commitments. On the whole, serving on a nonprofit board is a great
way to contribute to your community in a way that aligns with your
interests and abilities. After proper consideration, I encourage you
to find a way to serve in some capacity.
LaDonna Sinning is a Certified Public Accountant, Certified Fraud
Examiner and partner at Arledge and Associates, PC, an Edmondbased accounting firm. Arledge & Associates, PC is a recognized
leader in the accounting industry offering practical solutions in the
areas of tax planning, auditing, consulting, accounting advisory services and client accounting.

Dr. Nusrat joins OU Physicians
Salman Nusrat,
terology fellowship at the
University of Oklahoma
M.D., a fellowshipCollege of Medicine. He
trained gastroenterolocompleted an internal
gist who resides in
Edmond, has estabmedicine residency at the
University of Pittsburgh
lished his practice with
Medical Center, PennsylOU Physicians. Gasvania. He earned his medtroenterologists specialize in the
ical degree in Pakistan.
treatment of digestive Dr. Nusrat
He is a member of the
American College of Gasdisorders.
troenterology, American GasNusrat is specifically interested in diagnosing and treating troenterology Association and
patients with neurogastrointesti- American Society of Gastrointestinal Endoscopy.
nal disorders including achalaNusrat sees patients in the
sia, Irritable Bowel Syndrome,
constipation and GERD. He is
OU Physicians building at 825
board certified in internal medi- N.E. 10th Street, Oklahoma
City. For an appointment with
cine and board eligible in gasan OU Physicians gastroenteroltroenterology.
ogist, call (405) 2 71-8478.
He completed a gastroen-