OCR Text |
Show page B8 Friday, May 23, 1997 Davis County Clipper YOUR MONEY & YOU Q. Please explain the term, noequity loan, and what is the opportunity for me as a homeowner? A. Alvin, Texas The ty home loan is in the news as the hottest mortgage product of 1997. Marketers pitch it primarily as a way for a homeowner to consolidate other debt, such as credit card balances, car loans and other bills into one mortgage payment. Some lenders are allowing homeowners to borrow more than a home is worth. Since the interest on such a loan is usually lower than steep commercial loan rates, such debt consolidation can save a borrower money. But if credit card and other borrowing habits continue, the homeowner could be swamped with debt, and no equity in the home. Always remember, when you have you borrow-eventuto pay it back. ally (j. Why would my power utility and telephone company want me to pay my bills with a message from my home computer? Im used to sending my payment check back to them in the mail and I don't own a computer. Atlanta, Ga. A. Many new versions of electronic payment are being tried in various parts of the country. In the program you describe, the consumer is sent an electronic messagebill via his or her personal computer. The consumer may pay the bill with a return electronic signal authorizing a deduction from the customers bank account. For the consumer, its quicker, and the cost is less than a first class stamp. For the utility the saving is about half of what it costs to process a bill and check by mail. You should expect this type of electronic payment system to increase in the future. We are more and more heading toward a paperless economy. 3 join Mansell and Associates Peterson takes third (j. A friend and I have a disagreement. He says all the gold Davis High School KAYSV1LLE Student Angela Peterson of Kaysville, placed third in national competition at the 1997 Distributive Education Clubs of America Career Development Conference in Anaheim, Calif, earlier this month. DECA is the national association of high school marketing students with 160,000 members across the United Slates and in Canada, Guam and Puerto Rico. Its programs of activity are integrated into local high school marketing education programs to teach skills and standards required in business was removed long ago from Ft. Knox. I am of the opinion that there must be quite a pile of gold there owned by Uncle Sam. Can you settle our bet? We both collect gold. A. Jackson, Miss. This column has no direct evidence, but according to a newly released book, The History of Money by Jack Weatherford, there are 4,600 tons of gold stored in the federal vaults at Ft. Knox near Louisville, Kentucky. This book published by Crown also tells us that there are 200 kinds of money in the world, including bahts, kwansas and yuans, and that a U.S. today. DECAs nationally recognized Competitive Events Program uses inter-- v iews, tests role plays and written project reports to evaluate the students marketspecific ing and management skills skills identified by the nations business community as essential for success. DECA members who participated in the Competitive Event Program chose their event from those offered in more than 28 career areas. More than 11,000 DECA members competed at the national competition this year and more than 1 ,500 business professionals served as judges. Angela qualified to compete on the national level in Entrpreneutship Franchise Business, along with hundreds of others by winning in state competitions earlier this spring. Over $ 80,000 in stock, cash and scholarships are presented to DECA national winners by more than 65 major U.S. corporations and associations supporting DECA activities. These businesses value their partnerships with DECA and marketing education as an opportunity to help influence the training of America's future business leaders and to increase students' appreciation of a free global economy. dollar bill can be folded 4,000 times before it tears. A more timely statistic: only 8 percent of Americas dollars exist as coins and bills. The rest of the wealth is merely numbers in a ledger or on a computer chip. Which may help explain why banking by electronic transfer of funds is rushing upon us. Do you have a question about money matters (not including specific stock or 7 bond advice) or your financial Write to Travelers Express, 1850 N. Central Ave., Phoenix, AZ 85077-245- 2 Send a stamped envelope for a personal reply. For individual financial guidance, seek professional advice Panthers ready for final finals Mignon Chatelain Student Writer For Panthers and students everywhere, schools almost out and The Final of all Finals is coming up! Time to get the books open and start studying hard. And time to hand in those really, really late papers!! Time to brag a little, though. Students at Mueller Park junior High don't seem to have much trouble studying, with all the 4.0, High Honor Roll, Honor Roll and High New name is Heritage Care of Bountiful Heritage Management, Utah's care provider, largest long-terhas acquired the Park View Nursing Home in Bountiful and will change its name to Heritage Care of Bountiful. Heritage Management was hired by the owners of the facility in December 1996 to correct allegations of by the state health department. Based upon Heritage Managements work, federal and state authorities have decided to allow Park View to maintain its Medicare and Medicaid contracts. In cases like this, we have to work around the clock, related HMI Vice Steve Anderson, President of Operations. Hundreds of hours of nursing and consultant time are needed. Our quality assurance people have responded to a tight time table to keep the facility open." All deficiencies previously identified by the state have been resolved and the facilitys license has been restored to a full and unencumbered status, thereby facilitating Heritage Management to lease the facility, said HMI President, Charles R. Kirton. We will not only lease, but intend to exercise our option to purchase the facility. We will then expand the center to 120 beds and enlarge the therapy and recreational space, HMI is Mr. Kirton explained. excited to enter the Davis County market. HMI currently has 13 other facilities and two home health agencies located from Brigham City to St. George. Five awards that were handed out at the annual Evening of Excellence this last week. Good work, Panthers!! Those of you who didnt get a chance to wish Mr. Mangle happy birthday, you can still wish him a belated birthday! And this is one person who certainly deserves our best wishes. Hes the greatest principal ever! His birthday was May 15. We still have a lot of activities on. The Orchestra Spring going Is Concert was May 20, 7 at Mueller Park Junior High. The Band Concert and Art Festival were May 21 and are also at 7 p.m. at the school. Don't miss these! The choir Spring Sing was the best ever and Im sure these will be too. The Ninth Grade Dance will be on the 22nd from 5 to 7 p.m. This one's dressy dress, so lose the jeans and for this one. Have a great week everyone. Theres only one more week of school!! Teresa Farley joins Mansell from Coldwell. She is a multi-millio- n dollar sales agent and a member of the Salt Lake and Ogden boards. Teresa has been a licensed real estate agent since 1990. She has a strong background in new construction and existing home sales. She has worked for Benchmark, Salt Lake Investment and Coldwell in Bountiful. Teresa grew up in the Avenues. Upon she graduation, Christopher Jon Cushing is a local man bom in Bountiful. Jon brings with him not only nine years of successful sales experience but also a well rounded knowledge of the real estate industry from the ground up. Jon attended high school in Long Island, NY receiving a Regents Honor degree. Upon graduation he attended the electrical apprenticeship program. He then returned to Bountiful, Utah and attended the University of Utah. Cushing has 15 years electrical experience along with nine years of successful sales experience. Jon combines his construction expertise and knowledge of the real estate industry to best serve his clients. Cushing currently owns and operates his own electrical contracting company here in Davis county. He is very pro active in the community. Ohio, Cleveland mission in June. Sharon Winegar, a resident of Layton, has been in the real estate rental business since 1975. She has gained an extensive amount of knowledge in this field while successfully raising a family. Sharon grew up in Bountiful where she lived with her family until they moved to Layton five years ago. She previously worked for Davis County School District and is currently on the PTA board at East Layton. She has successfor the fully chaired quality fund-raiseschool. She has been actively involved on committees working to better the community and promote safety. Her driving influence has played a major role in improving traffic control in North Davis County. She is looking forward to serving the Davis county area as a successful real estate agent. in retail sales as a clothing buyer for a Salt Lake department store. She left retail sales to stay home as a mom She is married to William Farley and they are the parents of five children. Teresa is involved in the community serving as the PTA president for Windridge Elementary and on the community council. The Farleys oldest son returns home from the worked Wuthrichs Center Street Have moved to: 400 No 800 West West Bountiful 295-89- 84 Tomatoes Planters Peppers Hanging and all others Baskets $.79 pack Annuals Looking for something Impatiens new for hot Supertunias sunny area. flat $Q98 Tty the new 6 & 4, Hanging Dskt. a58 Flat .89 Tapien Verbena! pack uour dad a Exterior Weather King 1 00 Acrylic Latex greatdad? tell the Eagle! celebrate Father's Day, the Eagle would like to pay tribute to many of the great dads in the area. To The special section will run in the June 2th issue. A photo of each dad will be taken Exterior Weather King 100 Acrylic Latex Semi-Glo- II Ideal far all exterior surfaces One coat coverage over most colon Formulated to resist peeling, blistering, crocking and erosion Easy soap and water deon-u- Ideal lor all surfaces including aluminum and vinyl siding One coat coverage over most colors Resists yellowing & fading Formulated to resist peeling, blistering, cracking and erosion Easy soap and water cleanup BRING IN YOUR DREAM COLOR! WE CAN CUSTOM COLOR MATCH IT WITH OUR DATA COLOR COMPUTER iftifnamp I II 1 Double AA Acrylic - and published along with his story -- ROou. oTOUR Semi-Glo- nS'lS'DAIS'fS' 350 OFF ' Winning fathers will receive gifts from area merchants. ANY BORDER, 15 Please send entries to Eagle Great Dads FT or ss Eggshell 5 gallon - $109,96 SEGMENTS All Painting WALLCOVERING 370 South 500 West, Bountiful, UT 840 0. Accessories 10 off SIDEWALLS nominate for the Great Dad Contest 25-5- OFF 0 Name AddnessCity Telephone He is Signed a great dad because (25 words or less) CO Si i FULLER PAINT'S INC, 359 FOB Pm B Ui FOBW South Main, Bountiful SmISFOB SmT FOB FOB Pm 292-214- 1 UM FOB Pm SFOBPMfcMFOe t |