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---Hispanic Index---
Investment bank Samuel A. Ramirez & Company, Inc.
announces the offering of the Ramirez Hispanic Index
Equally-Weighted Portfolio, which holds companies represented
in the firm's new Hispanic Index. Structured as a unit
investment trust (UIT), the Portfolio seeks to maximize
total return for investors through exposure to the fast-growing
U.S. Hispanic market.The Portfolio consists of the ten
largest and most liquid publicly-traded Hispanic companies
in the United States and Puerto Rico, based on market
cap and average trading volume. The Ramirez & Co.
Hispanic Index, which the firm just launched in December
2003, is one of the first benchmarks to track the U.S.
Hispanic market. Ramirez defines Hispanic companies
as those with more than 51 percent Hispanic ownership
and/or customers.The Portfolio is a unit investment
trust with an estimated life of 15 months. A UIT can
be purchased like a mutual fund, but does not actively
trade its portfolio. Instead, it buys a relatively fixed
portfolio of securities and holds them over the life
of the UIT. Upon termination of the trust, investors
can choose to liquidate their units at the current net
asset value or invest their funds in a subsequent series
of the trust, if available. The Portfolio, available
for purchase as of February 11, 2004, has a three- month
investment period, with a minimum investment of $1,000."The
Portfolio provides the opportunity to invest in the
growth of the U.S. Hispanic market," said Ramirez
Senior Vice President Samuel A. Ramirez, Jr. For the
first time, Hispanics represent the largest minority
group in the United States with 37.4 million people
comprising 13.3 percent of the U.S. population. Hispanics'
purchasing power grew to a record $530 billion in 2002
and is forecast to eclipse the $1 trillion level by
2010, according to Global Insight, Inc.
---Jewelry today---
In a breakthrough venture for both the jewelry industry
and the hip-hop community, M. Fabrikant & Sons,
one of the worlds largest distributors of polished diamonds
and jewelry, has teamed up with hip-hop impresario Russell
Simmons and designer Kimora Lee Simmons, creative director
of Baby Phat, to form a joint venture partnership called
The Simmons Jewelry Company. The Simmons Jewelry Co.
will develop innovative lines of fine jewelry and watches
under the Baby Phat, Phat Farm, Def Jam, Kimora Lee
Simmons and Russell Simmons brands. These lines will
be designed by both Kimora Lee and Russell Simmons,
as well as an experienced, talented group of merchandisers.
The collection will include a "red carpet"
couture line, which features a signature cut diamond
designed by Ms. Simmons. The Company will also launch
a line of moderately priced jewelry for the 2004 Holiday
season. A preview of selected pieces was featured at
Kimora Lee Simmons's Baby Phat show during New York
Fashion Week.
---National Hispanic Corporate Council---
Carlos Pagoaga has recently been named the Chair of
the National Hispanic Corporate Council (NHCC). Pagoaga,
the manager of Hispanic Community Relations at The Coca-Cola
Company is responsible for enhancing relationships with
the Hispanic community on a national and local level
while maintaining associations with Hispanic non-profit
organizations. Pagoaga also serves as the Chairman of
the Georgia Hispanic Chamber of Commerce and is a member
of the Latin American Association's Latin Fever Guild.
The National Hispanic Corporate Council is a not-for-profit
organization dedicated to serving its member companies
as a principal resource for information, expertise and
counsel about Hispanic issues affecting, corporate objectives,
and to advocate for increased employment, leadership
and business opportunities for Hispanics in corporate
America.
---New leader of United Negro College
Fund---
The United Negro College Fund has announced that Michael
L. Lomax will become the new President and Chief Executive
of the organization, thus succeeding William H. Gray
III. Lomax, 56, now president of Dillard University,
and a UNCF member institution in New Orleans, will begin
his new role , starting June 1.
---Career: Nursing---
The U.S. Bureau of Labor Statistics (BLS) announced
yesterday that registered nurses top the list of the
10 occupations with the largest projected job growth
in the years 2002-2012. Although RNs have listed among
the top 10 growth occupations in the past, this is the
first time in recent history that RNs have ranked first.
These 10-year projections are widely used in career
guidance, in planning education and training programs
and in studying long-range employment trends. According
to the BLS report, there will be more than 2.9 million
RNs employed in the year 2012, up 623,000 from the nearly
2.3 million RNs employed in 2002. However, the total
job openings, which include both job growth and the
net replacement of nurses will be more than 1.1 million.
---Delta Sigma Theta---
Congresswoman Stephanie Tubbs Jones acknowledged Delta
Sigma Theta Sorority, Incorporated during the Ways and
Means Hearing on the Bush Administrations budget. Members
of the sorority came to Washington, D.C. for their annual
legislative conference, Delta Days on Capitol Hill.
The National Social Action Commission of Delta Sigma
Theta Sorority, Inc., instituted this program in 1989.
This event is an annual two-day activity, which is held
in the spring on Capitol Hill in Washington, D.C. It
is designed to foster expanded involvement of chapters
and members in public and social policy issues. Among
the many activities of Delta Days are legislative briefings
on legislative issues which impact the African-American
community, skill development sessions and legislative
visits with members of Congress. Participants come from
all geographical areas of the country to participate
in this event.
---What's Keeping You From Being
Fit and Fabulous in '04?---
"I'm too tired." "I don't have time."
"I can't find a babysitter." Sound familiar?
As we ease into Spring, sistas have a few challenges
when it comes to health and fitness. Right now, nearly
70 percent of African American women are overweight
or obese. And a recent survey by the American Council
on Exercise (ACE) found that 92 percent of Black women
do not work out regularly. It's time to make a change
and get serious about improving your health. Regular
physical activity not only helps you feel great, but
will energize you. It may be hard to stick to the routine
at first, but once you begin to exercise regularly,
you'll realize the pros far outweigh your initial reasons
for not being active. If time is a factor, try doing
10 minutes of physical activity three times a day, or
planning activities that get your family moving like
a softball game, biking or a walk through the zoo. If
you don't like to exercise alone, bring friends together
to walk, jog, or bike; take a class together at a nearby
community or fitness center. Add a little flavor to
healthier foods by using herbs, spices, lemon, lime
or vinegar. For baked potatoes, add salsa, low-fat sour
cream or garlic for a different twist and for the old
standard-collard greens-cook with onions, garlic, chicken
broth or smoked turkey, turkey bacon or turkey ham.
With a little know-how, fast food can be a part of a
healthy weight-loss program. Choose salads and grilled
foods instead of fried foods, which are high in fat
and calories, and only use high-fat, high-calorie toppings
in small amounts. Sisters Together: Move More, Eat Better
is a program that encourages Black women to maintain
healthier lifestyles by becoming more active and eating
healthy foods. For more health tips, you may order free
copies of Sisters Together publications by visiting
www.niddk.nih.gov/health/nutrit/nutrit.htm or calling
1-877-946-4627.
---Job Opportunity:
Human Resources Business Partner - Bentley College -
Waltham, MA---Working with departmental
managers in anticipation of vacancies, you will assist
in managing the recruitment process. In addition to
placing ads, generating candidate pools, and evaluating
resumes, you will conduct interviews, check references,
and guide managers in salary offers and the selection
process. This will involve communicating effectively
with all levels of the organization as well as collaborating
with the Senior HR Business Partner and the Director
of HR Operations in evaluating positions and developing
job descriptions. Experience in policy interpretation
and employee relations is required. You will also handle
any day-to-day employee relations issues and make sound
judgments to resolve them. For full consideration, all
candidates are required to submit a resume, cover letter,
salary history and salary expectations. You may apply
online at www.bentley.edu, or send your resume, referencing
Job Code 30279, to: Human Resources, LaCava 225, Bentley
College, 175 Forest Street, Waltham, MA 02452. Bentley
is an Equal Opportunity Employer building strength through
diversity. For the full job description, click
here.
---Send your news, events and press releases to editors@unityfirst.com!
---
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national press release distribution service targeting
the diverse press or UnityFirst.com, call 413-734-6444
or send email to editors@unityfirst.com.
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