Indianapolis Recorder, Indianapolis, Marion County, 31 March 2000 — Page 26
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THE INDIANAPOLIS RECORDER
FRIDAY, MARCH 31,2000^
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market, the airline recently announced. Selected after an extensive, nationwide agency review, DCA will work with American to develop a comprehensive marketing initiative that will covereverything from advertising and media buying to special promotions and public relations programs. This marks the first time that an airline has established an agency-of-record relationship with an African American advertising agency. Based near Detroit, DCA was founded in 1988 and has more than 112employees and annual billings exceeding $150 million. Widely recognized for its work specializing in the African American marketplace, DCA was named by Black Enterprise as its first “Advertising Agency of the Year” in
1998.
Federal home loan bank posts record growth The FHLBI, one of twelve regional wholesale banks that comprise the Federal Home Loan Bank System, experienced growth in assets of $6.3 billion, or 26.8 percent, in 1999. With $29.8 billion in total assets, the FHLBI is the largest bank headquartered in Indiana. Congress initially created the FHLBank System to ensure the availability of capital for home mortgages financed through commercial banks, savings institutions and credit unions. Today the In-
BRIEFS Continued from Page D1 dianapolis Bank serves as a reliable funding resource to over 400 chartered financial institutions throughout Indiana and Michigan. In 1999 the FHLBI advanced or loaned $5 billion to those local financial institutions to help them meet the loan demand of their customers. The total outstanding advances of the Indianapolis Bank reached a record $19.4 billion by December 31, 1999. The banks of the FHLBank System also support programs to help low-income families afford decent housing. Each bank dedicates ten percent of its annual net income as grants to local non-profit housing organizations through local financial institutions that are a part of the System. In 1999 the FHLBI awarded 46 Affordable Housing Program (AHP) grants that garnered more than $8.8 million to support 1,832 rental or singlefamily homes for low-income families, senior citizens or handicapped persons. We will remain bullish on the Bank’s growth in 2000,” asserted Martin L. Heger, president and CEO of the bank, at a recent meeting of its board of directors. The FHLBI also disbursed an additional $1.5 million under the FHLBI Home Savings Program, which is a part of AHP. This program helps low-income homebuyers by providing matching grants for down payment assistance.
The $10.3 million of AHP awarded during 1999 was the largest annual amount approved by the program since it was created in'; 1989. During its ten-year history,** the FHLBI has approved $61 million for AHP projects. Last minute tax season reminders
Walk-in assistance is available, at all IRS offices during the filing season. The hours are 8:30 a.m. to 4:30 p.m., Mon. through Fri. In-J dianapolis and Merrillville haveP extended hours on Mon. and Wed., ^ 7:30 a.m. to 5:30 p.m., and Sat., 8:30 a.m. to 12:30 p.m. If you haven’t fjled a tax return for 1996, the IRS must receive your return by April 15, for you to get your refund. IRS estimates nearly 32,000 Hoosiers who paid ! their taxes but failed to file returns ! for 1996 risk losing about $32 mil- ! lion in refunds if they don’t get | their late returns to IRS by April I 15. ♦If you cannot file your 1999 | return by the due date, you may be ’ able to get an automatic 4-month ! extension of time to file by filing I Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. An extension oftime to file is i not an extension of time to pay. '< You must make an accurate esti-1 mate of your tax for 1999 and send i any necessary payment with your Form 4868.
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viduals who can’t enjoy the benefit of a large group’s purchasing power. About I percent of Lincoln ^ National’s employees have taken it up on the offer, a number that hasn ’ t resulted in any noticeable added
expense, Fettig said.
But Manring and other opponents say the policy degrades the traditional definition of the nuclear family and should be abandoned. “They say it’s unfair to treat homosexuals differently than husbands and wives,” said Manring.
Continued from Page D1 erous benefits package, does not extend coverage to unmarried partners. It does offer, however, assistance with adopting a child, onsite daycare facilities and other
popular perks.
“The company ’ s general policy is to extend benefits only to the spouse (in) a legal marriage and currently, that doesn’t include unmarried domestic partners,” said Robert Grupp, a Lilly spokesman. He also said the company has
who tracks such trends. The fact that companies with such policies appear to be clus-; tered in certain fields like entertainment and software design suggests they do so to stay competitive with their peers, Badgett said. Pharmaceutical firms and heavy-industry manufacturers like Cummins aren’t represented in big numbers on the national database compiled by the gay activist group ] Human Rights Campaign. Onei Lilly competitor, Bristol-Myers I
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f a nanus ana wives, saia naannrig. never been pressured to introduce .
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A homosexual relationship is AndcompanieslikeLilly won’t big difference... i&iMiether or not ■
offer the coverage, either until a competitor does, or employees start todemand it, said Lee Badgett, an economics professor at the University of Massachusetts-Amherst
not the same as a husband and wife,”
he said.
Even Eli Lilly & Co., an international drugmaker based in Indianapolis and often cited for its gen-
there’s an organized gay and les-1 bian presence,” Badgett said. “My \ guess is there is not one (at Lilly) I and they think they don’t need;
them.’
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(NAPSA) — A recent survey did a good job of finding out why so many employed workers are seeking a better job. CareerBuilder Inc., a provider of targeted interactive recruiting on the Web, surveyed more than 50,000 visitors to its careerbuilder.com site. Fifty-nine percent of those who responded were ready to wave goodbye to their current employer. One out of three survey respondents described their boss as “a nightmare,” while 11 percent were gentler, saying their boss is “difficult” to work for. Employees are no longer in the workforce for the long haul. With the lowest unemployment rate seen in years, employers are seeing more turnovers than bakeries. Only one in three have held the same job for five years, and one in five are on their fourth or higher job in five years. Nearly half of all respondents have an updated resume ready to distribute at a moment’s notice, and only one in five em-
ployees surveyed hope to do their current job better and more efficiently. Sixty-three percent of employers said they had to lower their hiring standards to fill vacant positions due to the tight labor market. When faced with such dire circumstances, employers are forced to get creative with their recruiting strategies. One in three employers are embracing technology to retain and attract employees. Companies are beefing up their Web sites and using recruiting technology, such as registering on career-related Web sites. Job seekers are not looking for the frills and lush benefits characteristic of the ‘80s. When asked what perk interested them the most, nearly half said they would prefer a laptop computer over every other Friday off, housekeeping services or a limousine service to and from work. . Surprisingly, one in three firsttime job seekers said finding a job in a good location is more impor-
Employees are no longer in the workforce forthe long haul. Only one in three stay in the same job for five years.
tant than doing what they love o retaining the best salary. But forth* seasoned job seeker, acompetitiv* salary and benefits is most imper tant. With CareerBuilder.com and it Mega Job Search technology, jol' seekers visiting the CareerBuilder site have the ability to access more than 3 million career postings, at well as insightful career advice.
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