Iftlmoritp Opportunity Jbtetog 2730 Stemmons Freeway • 1202 Tower West • Dallas, Texas 75207
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iftlmoritp Opportunity JBtetog 2730 Stemmons Freeway • 1202 Tower West • Dallas, Texas 75207 Volume 8, Number 13 c J TPA NATIONAL NEWS BRIEFS MILLENNIUM COUNTDOWN Guilty Plea in Gay Dallas Urban League July 1-15 Death Trial * One of two men accuse celebrates historic move the beating death of a homosex ual Alabama man, has now entered a guilty plea in Coosa County Circuit Court. When year old Steven Eric Mui entered his plea, the parents of the victim, 39-year old Bitty Jack Gaither, were in the courtroo lei » in exchange for the plea, ehampionshi, n prosecutors wiM recommend a sentence land Alabama s statutes allow electric chair ex* for caf tent crimes. Local police have said that Muilins and co-defendant, d. The am Charles Monroe Butler, Jr. con hip lor fessed to beating Gaither to death with an ax handle two weeks after he made a sexual Standard is awarded a advance on one of them. Following the February 19th s body was Spotlight: burned atop a stack of old tires. » B Deginon Thurgood Marshall August 2nd. Dateline: July 2,1908 July 2nd m;i Rosa Parks, The new home of the Dallas Urban League, located at 4315 South Lancaster Road Muhammad Ali, Jackie Robinson By Sherelyn Roberts with the Dallas Urban League dates back to 1966 when Buddy Minyard became a mem Marsh The Minyard Family closed one ol ber of the Board of Directors. Since that time, stores, bested at 4315 South Lancaster, three the Minyards have not only held a board seat » Rosa Parks, the years ago and donated it to the Dallas Urban but also given of their time and money. Liz responsible k> of Montgomery, Alabama's transit League. "As the responsibilities and work Minyard, a former League board chairman, system and former Ofympic and ts of the Dallas Urban League have currently holds that seat. i boxer grown, so has their need tor a home of their "The Minyard Family has continued Buddy Munammad AH are two of the named own," said Liz Minyard, co-chairman of the Minyard's commitment to investing in to Time Ma Top 20 Minyard Food Stores, Inc., to the League's African American communities, his long- Heroes and Icons of the Cent Board of Directors when she presented the term public support for the Urban League and The list, published in rmd-June, uitt. This unselfish act of kindness has its mission, and the involvement of Minyard also names the late baseball leg end Jackie Robinson. Robinson allowed the League to mark a historical mile volunteers to assist in the League's efforts." became trx stone. On Thursday. June 24. 1999 at 4:30 said Beverly Mitchell-Brooks. Ph.D.. American to play major league p.m., the official ribbon cutting ceremony for President and Chief Executive Officer of the ted the the League's new permanent headquarters Dallas Urban League Brooklyn Dodgers. and training center was held. The newly renovated facility has a » ' ie list is one of a series pro Hundreds of people, including State Core Program section and a technology filing the 100 most influential peo Senator Royce West and Representative Center. The Core Program houses ple of the century. Other notables nam A include Phncess Yvonne Davis, were on hand to pay tribute to Administration, Senior Services. Housing. the Minyard Family and other partner 1 lealth and the Library. The Technology cen Kennedy Fai their gen. ter serves as a "hub" for technology training The Minyard family's involvement . continued i u hn! od6 (/ linjtin^ 1 a ^ Mujt b( II pin or olifl to pljy. tl<l93 Teus iDtwy -..,>^ • ^-c TBIIflS -^ nniiLION —Kill IITIEII — vr:^ .,., ..-^^ To play Texas Million, just .--^ w \J pick 4 numbers or Quick Pick (QP) '%^ for the $1,000,000 cash prize, X-./' and you automatically get 6 /' more sets of random numbers ...--^i for more ways torn In feet,' w'' / u Texas Million offers a $10 cash prize for matching just 2 numbers %. X'^ v/ithin any of the seven sets. and $300 for matching 3, What more could you ask for? -^\ i^ u / \J ...^ X- ^ ^0^ \ ^^1%^^"' of •^ \^' •i«'.'i'i.»'t* ^, .^P. n "> / ULi LiLiLln J C iilinoritp <£>pportuni(? ilftotf • July 1-15,1999 • Page 2 r J •:> Business Breakthrough Coming Up Editorials 4 A Dallas information technology firm is Founders Bernie Francis and Diarme "CRA's Nemesis-Senator Phil Gramm" growing faster than a speeding bullet. Ferguson are making a powerful .and building strategic partnerships in a impact, demonstrating how effective the Columns: single bound. Business Control Systems, "brothers and sistahs" can be when we Community Pulse....... 5 Inc. (BCS) is among the fastest growing combine our talents, energies and technology companies in Dallas/Fort dreams. MON will profile this dynamic By Thomas Muhammad ' • . Worth. Even more noteworthy is the and successful duo in the July 15th edi fact that BCS is 100% minority owned. tion. Join us for a real success story. Inspiration .;. ........10 By Ron Shaw You & Your Money 11 By John Dudley Arts & Entertainment Ethnic Notes: 12 "Ossie Davis - A one man show for the 20th century" MON's Library: ...18 New book review: ''Kente Cloth: SW Voices of the Disaspora Celebrate .....19 Departments Capitol Watch.. :6 Wellness 14 Strategies 16 Southwestern Bell Calendar of Events 17 Feature • 20 Bernte Francis. CEO AND Dianne Ferguson, President are BCS founders. Education... ...............21 Career Opportunities 22 Increase Your Business Opportunities Subscribe to Minority Opportunit>' News Let a opportunily come lo your door. MON provides in-dcpth coverage of the issues cfTccting African-Americans in business, political, educational, economic and social arenas. ^morit^ ffipprtumtg ^e6ts Mail Check or Money Order to: Minority Opportunity News 2730 Stemmons Freeway, 1202 Tower West 1 year subscription (^ Issues): S50.00 Dallas, Texas 75207 MON Sales Department 1st and 15th of each month (972)606-3891 Fax (214) 905-5198 Phone: 214-905-3260 Fax: 214-905-5198 Name; E-Mail: [email protected] . Address: Steven Scolt, Director of Sales 972-606-7498 Delisha Evans, Account Executive 972-606-2086 City: ' State: ZIP: James Allen, Account Executive ' 214-905-3260 Renee Bryant, Marketing Coordinator 972-606-7351 Phone: Audited by MCA'ISAS: Exp. Date: Signature: i^(C-oi^^oWo!J)0 Communily Papers Verification Service i?linorit|> Opportunit? ^fmi "July 1-15,1999 • Page 3 r ^. I II J '>^ CRA s Nemesis - Senator Phil Gramm There are few pieces of served rural, urban and/or often Hispanic owned firms increased and legislation that have the broad minority neighborhoods. The by 154% and 144% respectively, To weaken the CRA by awareness as is the case for the law obligates the Federal between 1992 and 1997. exempting small banks from Community Reinvestment Act Reserve Board, the Office of the In 1997, bai\ks and thrifts CRA mandates, even though (CRA). Almost irrespective of Comptroller of the Currency, the subject to CRA's reporting they were the only financial their political perspective, both Federal Deposit Insurance requirement made 2.6 million institutions in rural areas. The opponents and proponents have Corporation and the office of small business loans for a total proposal also would make it strong sentiments regarding its Thrift Supervision to evaluate of $159 billion, two-thirds of all more difficult for community worthiness, impact and whether the patterns of lending in low small business loans made that groups to prove that a bank's or not it should be maintained. and moderate income neighbor year. More than one-fifth of lending practices were discrim The latest round in this hoods where banks conduct those loans were made to small inatory or unfair and to lodge political battle has been waged business. The majority of banks businesses in low and moderate- protests against bank mergers. by our own Senator Phil Gramm are assessed based on three fac income communities. Banks with a CRA rating who, as Chair of the Senate tors: lending, services and Clearly, this history of of "Satisfactory" or better Banking Committee, has pro investment performance. Based performance is impressive. This would not allow regulators to posed a series of changes in the on these reviews, banks are is even moreso the case when use public comments when scope and implementation of its awarded CRA performance rat one considers whether or not the these banks apply for mergers regulations. On his side. Senator ings of Outstanding, same level of lending would or other new powers. Gramm defends the modifica Satisfactory, Needs to Improve, have occurred if there had not The Clinton administra tions as almost simple house or Substantial Noncompliance. been a CRA. Why then, is there a tion has voiced opposition to keeping and an effort to tighten In turn, the ratings are publicly perceived need to change some the Gramm legislation and has, up the CRA regulations. documented. thing that seems to be working rather, endorsed the House ver Community organizations and Since its inception, the so well? Senator Gramm sug sion of the bill. The House pro activists, on the other hand, con CRA has yielded significant ben gests that many of the financial vision has broad bipartisan sider his proposal as being an efits. Among the most notable institutions have been held support and carries none of the overt attempt to strip the guts are: hostage by community groups Senate's anti-CRA amend and strength of the legislation and organizations that seek con ments. Banks would still be while paving the way for finan Since 1992, the non-profit tributions to prevent their inter allowed to merge with insur cial institutions to effectively community organizations esti vention into the expansion or ance and securities firms.