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School Rivalry is it Real?

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By Jordan Brown

Many schools have fights at sporting events for a simple reason: they don’t like the other school. This problem has been going on for years. It’s really about having pride in their school; students should express their spirit in different ways. If they met the people from other teams and worked with them, this problem would happen less often, because they know the teams personally.

On August 11th and 12th Pacific High School in the San Bernardino School District held a cheer camp at Indian Springs High School. There, the teams (Pacific High, San Bernardino High, Rialto High, Cajon High, Indian Springs High, and Arroyo Valley High) showcased their different talents by performing. On day one after their performances, the teams were brought together and learned two dances. They also did stunting.

In this, the teams worked together on new stunts and helped each other like one big team. During lunch, the cheerleaders could eat with their teams or venture with others. Some cheerleaders even went to tell the other team how excited they were to see the new performances. It was definitely a team building experience. I noticed how they weren’t afraid to talk to other teams.

On day two of the event, certain activities (cheer, dance, or stunt) split the teams because of interest. During the classes the cheerleaders worked with instructors and fellow cheerleaders. In the pom-dance, cheerleaders had to face school rivalry and mixed groups. There had to be at least one person from each team in a group. Those groups had to showcase the dance to the entire class. This was an interesting way to cool down some rivalry now that the cheerleaders knew each other as friends and during games tthat friendship will remain.

At the end of camp, all the classes showcased the new skill they learned to the other cheerleaders. The individual teams performed again, but with the dances they learned throughout the camp. Altogether it was a learning experience for the teams and they reflected about this at the end of camp. Some rivalry has certainly cooled down because they’ve made new bonds with other teams.

Understanding Interest Rates

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By Luis Dominguez

Union Bank, N.A. Vice President and Branch Manager Miracle Mile

Whether you are borrowing money for a large purchase, such as a home or business, or are deciding where to invest your savings, interest rates can be a key factor. Interest is the cost of borrowing money, and is based on the concept that lenders are entitled to a return on their investment. Interest compensates a lender for allowing a borrower to use their money for a period of time, and assuming the financial risk of doing so. This also applies to when one deposits money into an interest-bearing account. They are essentially “lending” money to a financial institution that it can in turn use to make loans, so the depositor is paid interest on their deposit. The amount of interest paid on a loan depends on a number of factors: the dollar amount loaned or borrowed, the interest rate, length of time involved in the transaction and the repayment schedule, and the method used to calculate interest.

Simple interest Whether making a deposit into a savings account or obtaining a loan, interest is expressed as a rate and is calculated as a percentage of the total amount borrowed (the principal). Simple interest is figured once. For example, if you purchase a $1,000 savings bond at 5 percent interest, you would earn $50 in interest at the end of the year in simple interest.

Compound interest Compound interest is interest paid on the principle as well as previously earned interest, so the money you earn in interest becomes part of the principal, and also starts to earn interest. If you are saving money in an account, compound interest works in your favor by increasing your earnings. Compound interest works the same way for certain loans and credit cards, but in these cases grow the outstanding balance, making it increasingly difficult to pay off the loan if only the minimum payment is made.

Periodic Interest Rate Interest rates are often quoted on an annual basis. However, most financial institutions do not calculate interest annually, but rather at the end of a certain time period, such as semi-annual (every six months), quarterly (every three months), monthly (12 times per year) or even daily (365/366 times per year). The more frequently an investment or debt compounds, the more quickly the principal grows, so in order to calculate how much interest is being charged or earned over each compounding period, you must consider the periodic interest rate. The periodic interest rate is the interest rate charged on a loan or realized on an investment over a specific period of time. This calculation is made by dividing the annual interest rate by the number of compounding periods.

For example, let’s say you have $1,000 in an interest-bearing account that is earning 5 percent interest and the compounding period is monthly, instead of annual as in the previously mentioned savings bond scenario. The interest is calculated monthly and therefore as 1/12th of 5 percent, or 0.417 percent each month. When calculated this way, the account will yield $51.20, thanks to the compounding interest effect taking place on a monthly basis.

APR vs. APY Interest rates are also often quoted as an annual percentage rate (APR) or an annual percentage yield (APY). The APR reflects the measure of interest on an annual basis without taking into account compound interest. The APY is the same interest rate measure, but it takes into account the interest rate and compounding period to give you a single number that represents how much you will earn from that investment in one year.

As in the previous example, the account that paid $51.20 in interest due to compounding monthly interest had an APY of 5.12 percent, even though the APR was 5 percent. APR and APY are tools that give you a single number to help you compare “apples to apples” when shopping for financial products. When in doubt, it may helpful to consult your banker or financial advisor to walk you through and give you an accurate picture of the impact interest rates have on your financial future.

The foregoing article is intended to provide general information about interest rates and is not considered financial or tax advice from Union Bank. Please consult your financial advisor.

New School to Honor Educator Mildred D. Henry Groundbreaking set for August 23

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Black Voice News Staff Report

Dr. Mildred D. Henry has worked for over 28 years with underprivileged youth in San Bernardino and has remained committed to giving students a second chance to succeed. Now the veteran educator will have a school named after her. The Dr. Mildred D. Henry Elementary School groundbreaking will be held on Thursday, August 23 at 10 a.m. The school will be located at 1250 West 14th Street in San Bernardino. The 13.9-acre school is scheduled to be completed in July 2013 and will house approximately 564 students in 24 classrooms. The school is named in honor of local educator and Cal State San Bernardino professor emeritus Dr. Mildred D. Henry, executive director and founder of the Provisional Accelerated Learning (PAL) Center.

The center is a subsidiary of Provisional Educational Services, Inc., a community-based 501(c)(3) non-profit organization that has provided education and employment to youth and adults for 25 years. The PAL Center has successfully specialized in working with at-risk youth in dropout prevention and recovery programs. The site offers the PAL Charter Academy High School, grades 9 through 12, and youth employment programs, the largest of which is the Workforce Investment Act (WIA) Youth Employment Program. Besides Mildred Henry Elementary, the District recently broke ground on several more campuses, including George Brown, Graciano Gomez, and Little Mountain Elementary Schools. In addition, two new schools are opening their doors to students this month, Norton Elementary and Indian Springs High School.

Padua Hills Art Fiesta returns Sunday, November 4

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Last year, the Claremont Museum of Art revived the tradition of the Padua Hills Art Fiesta held by Claremont artists from 1953 through 1959. The event was enthusiastically received by the community with 600 people attending.

The 9th Annual Padua Hills Art Fiesta returns with an outdoor art show, art and craft demonstrations, folk music, tacos and Jamaica punch. This year's exhibit will feature original Fiesta artists Rupert Deese and Harrison McIntosh. See attached full press release for more details. Photos available upon request. Studio visits and artist interviews can be arranged including with Harrison McIntosh who turns 98 on September 11.

• Sunday, November 4, from 11am to 4pm at 4467 Padua Ave., Claremont. Tickets will be $8 for adults, children under 18 are free. Claremont Museum of Art members will receive a 25% discount.

• Over Twenty area artist will display and sell their work under shady olive trees of the beautifully restored Padua Hills Theatre.

• An Art Exhibit, Rummy & Harry: 60 Years in the Studio, will showcase the ceramics of Rupert Deese and Harrison McIntosh. Historic materials will highlight their long friendship and the studio they shared since 1950.

• Art and craft demonstrations provided by area arts organizations will include ceramists from the AMOCA Ceramic Studios, craftsmen from Maloof Woodworkers, CCAA Museum of Art watercolor painters and artists from the dA Center for the Arts.

• ARTstART students will lead children in creative Art Activities.

• A Music Stage will feature local folk musicians.

• Festive foods from Casa de Salsa's taco bar and Spaggi's will be served with traditional Jamaica punch and fresh lemonade.

• Holiday shopping gets an early start with unique handmade artwork or art books.

USC Summer Residential Program!

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By Jordan Brown

This summer I attended a summer residential program at University of Southern California. It was very beneficial in getting ready for high school and college. During this program with the National Association of Peer College Advisors (NAPCA), we took over 40 classes about college readiness and high school. We also got the “college experience”, by staying in the dorms. We learned the value of education while making lots of strong friendships at the same time. This program is a great one to attend. College readiness is stressed at NAPCA, because everyone there (incoming eighth graders to incoming seniors) is planning to go to college. Throughout the time, we had to get into groups by our intended major. In those groups, we created a power point to present at the end of the program for our peers and family. We also got a chance to visit the school for the major of our choice. I went to the school of business, and the school of journalism and communications. The experience was unforgettable. It helped me to better understand the environment of the college and the programs it has to offer. We had classes on many different things from writing a college application statement to time management. The classes also worked in the area of teamwork. We had to work with people we didn’t know and get comfortable enough to present different ideas. In our classes we learned about the A through G requirements. Not just to meet the requirements but to take all the recommended classes too.

College students pick their university by the experience they’d like to have. In a class, we received an opportunity to learn about sorority and fraternities. We took a visit to the houses; the girls got to walk through the houses and see how the sorority sisters lived. The boys visited fraternities. We took other field trips to restaurants and skating. We got to know our suite and roommates very well, considering we didn’t know them at all. The dorms are set up as suites with six people in each one. We all collaborated on what we learned in the classes and made bonding friendships. Overall, my summer experience was educational and memorable. I hope to use the tools I received in high school and in college. It was great preparation for my education in general. If you’d like your child to attend the National Association of Peer College Advisor’s program next summer, go to their website at www.napcaonline.org to learn more.

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BVN National News Wire