Friday, March 4, 2011
Wednesday, January 12, 2011
Thursday, January 6, 2011
P.E.A.S Magazine 18th Edition
P.E.A.S Magazine 18th Edition Issue Issue 18: Rilya Alert...Parenting, Education, Assistance, Support
Every 40 seconds in this country? Abducted African American Children. In This EditionKeep A Child Alive Leigh Blake Founder Alicia Keys Co-Founder Global AmbassadorThe Dove Foundation Dick Wolfe, Co-Founder CEOShyra Smith Society Has Change, Why Won't You?Team Up for Youth Janet Carter Execu…
Tuesday, December 28, 2010
Monday, November 29, 2010
Wednesday, November 10, 2010
Thursday, October 28, 2010
Black-owned banks struggling to keep doors open By Heather Faison
NNPA Special Correspondent Updated Jun 13, 2007 - 10:22:00 AM
WASHINGTON (NNPA) - Independence Federal Savings Bank, one of the nation’s oldest Black-owned financial institutions, based in Washington, D.C., was taken over in an aggressive buyout by a White developer recently, sending a chilling message to the already diminishing Black financial industry.
“This was quite a loss and unfortunately, when one Black bank closes there is a big sore, but when one bank from a majority-own closes, it is not as devastating,” said Norma Hart, President of the National Banker’s Association.
Less than two decades ago there were nearly 50 Black-owned banks. But, according to the Federal Reserve, there were only 31 certified operations in 2006. That number decreased when the takeover of Independence Federal Savings in Washington, D.C., by developer Morton A. Bender, was finalized. After a ruthless five year battle during which Mr. Bender held up the bank in multibillion-dollar lawsuits, federal regulators allowed him to acquire 51 percent of the company’s stock which gave him control of the bank’s executive board.
http://www.finalcall.com/artman/publish/article_3577.shtml
NNPA Special Correspondent Updated Jun 13, 2007 - 10:22:00 AM
WASHINGTON (NNPA) - Independence Federal Savings Bank, one of the nation’s oldest Black-owned financial institutions, based in Washington, D.C., was taken over in an aggressive buyout by a White developer recently, sending a chilling message to the already diminishing Black financial industry.
“This was quite a loss and unfortunately, when one Black bank closes there is a big sore, but when one bank from a majority-own closes, it is not as devastating,” said Norma Hart, President of the National Banker’s Association.
Less than two decades ago there were nearly 50 Black-owned banks. But, according to the Federal Reserve, there were only 31 certified operations in 2006. That number decreased when the takeover of Independence Federal Savings in Washington, D.C., by developer Morton A. Bender, was finalized. After a ruthless five year battle during which Mr. Bender held up the bank in multibillion-dollar lawsuits, federal regulators allowed him to acquire 51 percent of the company’s stock which gave him control of the bank’s executive board.
http://www.finalcall.com/artman/publish/article_3577.shtml
Saturday, October 23, 2010
Opinion: What the Great Recession stole from black America
Opinion: What the Great Recession stole from black AmericaBy William M. Rodgers III, Special to CNNMoneyOctober 20, 2010 -- Updated 1201 GMT (2001 HKT)
STORY HIGHLIGHTS
Gains among African Americans in the 1990s have almost been erased by the current Great Recession.
Job erosion was greatest among those aged 20 to 34.
African Americans bore the brunt of the recession, and they will bear the brunt of a slow economic recovery. William M. Rodgers III is professor of public policy and chief economist at the Heldrich Center for Workforce Development at Rutgers University.
CNN's Soledad O'Brien looks at how some are fighting debt from the pulpit in "Almighty Debt: A Black in America Special," premiering at 9 p.m. ET on October 21.
NEW YORK (CNNMoney.com) -- The economic boom of the 1990s led to an historic expansion on Main Street, especially for African Americans. But in the decade that followed, a major unraveling began that pushed many blacks back onto the side streets of America.
http://edition.cnn.com/2010/OPINION/10/20/inam.money.great.recession/index.html
STORY HIGHLIGHTS
Gains among African Americans in the 1990s have almost been erased by the current Great Recession.
Job erosion was greatest among those aged 20 to 34.
African Americans bore the brunt of the recession, and they will bear the brunt of a slow economic recovery. William M. Rodgers III is professor of public policy and chief economist at the Heldrich Center for Workforce Development at Rutgers University.
CNN's Soledad O'Brien looks at how some are fighting debt from the pulpit in "Almighty Debt: A Black in America Special," premiering at 9 p.m. ET on October 21.
NEW YORK (CNNMoney.com) -- The economic boom of the 1990s led to an historic expansion on Main Street, especially for African Americans. But in the decade that followed, a major unraveling began that pushed many blacks back onto the side streets of America.
http://edition.cnn.com/2010/OPINION/10/20/inam.money.great.recession/index.html
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