Tag: wealth gap
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Heritage Council Accolades for Warren Bussey
By Dianne Anderson Some seniors like Warren Bussey, while not to be confused with Warren Buffet, have made a great living well into the golden age, comfortable in his retirement pension, having spent decades as a successful local businessman. The Orange County Heritage Council recently helped draw recognition and a proclamation for Mr. Bussey, a ... -
100 Black Men: Inspire Boys to Close the Wealth Gap
By Dianne Anderson Eleven-year-old Elysian Sanders doesn’t have to think twice about the impact of the 100 Black Men of Long Beach on his personal growth and ethical business prospects. “The best part of this program is being in the program,” he said. “I think it’s a big part is they encourage us to explore ... -
Biden-Harris Step up Efforts to Narrow Racial Wealth Gap
By Stacy M. Brown NNPA Newswire Sr Nat’l Correspondent President Joe Biden and Vice President Kamala Harris are stepping up their efforts to narrow the racial wealth gap. Following the President’s visit to Oklahoma, where he observed the centennial of the Tulsa Race Massacre, the Administration announced it would reinvest in communities that failed policies have ... -
Road Map to Relieving $1.7 Trillion Student Debt
20 years of repayments leave Black borrowers still owing 95% By Charlene Crowell Although the year 2020 has been dominated by continuing news coverage of the COVID-19 pandemic’s rising death toll that has now claimed the lives of nearly 300,000 Americans, it is not the only challenge facing the nation. Amid rising unemployment and food ... -
Student Loan Debt Widens Racial Wealth Gap
By Stacy M. Brown NNPA Newswire Sr Nat’l Correspondent President-elect Joe Biden wants to immediately erase student loan debt, a move that could prove more meaningful for African American students who, on average, owe much more than anyone. With the freeze placed on student loan repayments set to end December 31, Biden has gotten behind ... -
African Americans Poorer Today Than Five Years Ago
By Stacy M. Brown NNPA Newswire Senior Correspondent African Americans were more likely to be unemployed than Americans overall in 2018 than they were in 2013, according to a new study that details the economic and financial progress African Americans have made over five years. Researchers at Lending Tree, the popular website that connects borrowers with ... -
CEEM Inspires Economic Empowerment at L.A. County Fair
by Barbara Smith The LA County Fair is celebrating decades of pop culture and nowhere will it be more in evidence than this weekend with the CEEM Takeover Weekend, an event that promises 3 days packed with African-American community and history through entertainment, art and culture. With the Fair’s 2019 theme of Pop Culture, the Cooperative ... -
102 Members of Congress Rebuke Delay of Payday Loan Rule
By Charlene Crowell Anyone who struggles with the rising costs of living knows all too well how hard it is to try stretching dollars when there’s more month than money in the household. Predatory lending, like payday and car-title loans, worsen financial stress with triple-digit interest rates that deepen the debt owed with each renewal. ... -
Black Billionaire Adopts Morehouse Graduating Class
By Charlene Crowell The annual season of college commencements have a unique way of bringing together multiple generations of families in celebration. For the 135th graduating class of Atlanta’s Morehouse College, commencement marked another event that was as unexpected as it was generous. Robert F. Smith, the event’s speaker who is also Chairman and CEO of ... -
How Strong is Our Economy?
By Julianne Malveaux The April unemployment rate, at 3.6 percent, is at its lowest rate since December 1969. Payroll employment increased by more than 250,000, outperforming expectations and reversing the disappointing job creation numbers of last month. First quarter growth was reported at 3.2 percent, a robust figure that exceeds estimates, earlier this year, that ...