Economics

Time to throw some political punches

Time to throw some political punches

| June 3, 2015 | Reply

By James Clingman NNPA Columnist For the past 50 years, most of our conversations and efforts have been centered on politics. Reminiscent of the Reconstruction Era, when blacks occupied political office for the first time, many of our politicians are just figureheads, toothless tigers and lackeys for the establishment. Many of them are simply “employed” […]

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Correcting history: Governor Pence no friend of GM Fort Wayne

Correcting history: Governor Pence no friend of GM Fort Wayne

| June 2, 2015 | Reply

By Randy Schmidt Special to Frost Illustrated May 26, 2015, was a big day for Fort Wayne. It was also a big day for the nearly 4,000 members of UAW Local 2209—the folks who made it a wise business decision for General Motors to invest $1.2 billion in upgrades to its truck assembly plant in […]

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‘Credit invisible’ blacks, Latinos

‘Credit invisible’ blacks, Latinos

| June 1, 2015

By Charlene Crowell NNPA Columnist When it comes to consumer finance, traditional lenders usually review credit scores before reaching a decision. In general, the higher a consumer’s credit score is, the lower the cost of credit they will pay. Conversely, the lower one’s credit score, the higher the cost of credit and interest will likely […]

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Black unemployment dips below 10 percent

Black unemployment dips below 10 percent

| May 18, 2015

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–The black unemployment rate fell to single digits (9.6 percent) in April, for the first time since President Barack Obama was elected in 2008. Despite the improvement, the black jobless rate is still double the unemployment rate of white workers, which has remained flat since February at […]

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Financial predators still target active duty military

Financial predators still target active duty military

| May 16, 2015

By Charlene Crowell NNPA Columnist The men and women who wear our nation’s uniform are expected to defend our nation at home and abroad. Yet, when it comes to financial services, service members are not always been protected in return. The 2006 Military Lending Act (MLA) was enacted with broad and bipartisan support as a […]

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Taking a stand on wage standards

Taking a stand on wage standards

| April 8, 2015

Editor’s note: Area wage standards mandate that construction workers be paid at least a minimum standard—based on prevailing wages for such jobs in similar areas—on jobs utilizing taxpayer dollars. Proponents of the rule say that such is essential to keep up a decent standard of living for workers in Indiana, while opponents, who are working […]

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Parents: Children will have it harder than they did

Parents: Children will have it harder than they did

| March 31, 2015

By Jazelle Hunt NNPA Washington Correspondent WASHINGTON (NNPA)–A majority of American parents believe their children will face a harsher coming-of-age than they did, according to a new survey–and no one feels this more acutely than black parents. In a recent NBC News State of Parenting Poll, 63 percent of parents felt their children would face […]

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Record number of former workers without benefits

| March 23, 2015

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–With no federal unemployment insurance and rapidly disappearing state coverage, the percentage of people benefiting from unemployment insurance is at its lowest level in more than three decades, according to a report by the Economic Policy Institute (EPI), a Washington, D.C.-based think tank focused on low- and […]

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Increased black home ownership would slice wealth gap

| March 23, 2015

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–Researchers studying the effects of public policy on the racial wealth gap estimated that the median wealth of black households would rise 451 percent if blacks owned homes at the same rates as whites. “With policies that advance the rate of black and Latino homeownership to the […]

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Tax Increment Financing offers job growth opportunities

Tax Increment Financing offers job growth opportunities

| March 7, 2015

By Mitch HarperSpecial to Frost IllustratedHow do you get people who need jobs to the employers who need workers?In the 1950s and 1960s transportation planning, it was commonly accepted that most cities exhibited a classic spokes and wheel pattern.  That is, factories and offices and the jobs those held, were largely in the center of […]

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