Economics

Three ways a woman can give herself , her children, one of the ‘greatest gifts’

Three ways a woman can give herself , her children, one of the ‘greatest gifts’

| March 4, 2015

Financial advisor: Account for your spending; model the behavior By Erica L. McCain When it comes to buying power, women are steadily overcoming men. Throughout the next decade, women will control two-thirds of consumer wealth in the U.S. and will be the beneficiaries of the largest transference of wealth in our country’s history, according to […]

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Peggy Woodford Forbes: Wall St. history maker

Peggy Woodford Forbes: Wall St. history maker

| February 19, 2015

By Eric D. Hackley As part of my 2015 Black History Month Salute to descendants of Rev. J.W. Hackley of Niles, Mich., I’d like to present this interview with Peggy Woodford Forbes at the late 1990s Hackley Family Reunion outside Kalamazoo, Mich. That was my first time ever meeting Peggy. Her grandmother Bessie Hackley Woodford […]

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Income inequality rises in all 50 states

Income inequality rises in all 50 states

| February 6, 2015

Study: Poor, middle classes truly getting poorer By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)—Income inequality is rising and it affects workers in every state, according to a new report by the Economic Policy Institute (EPI). Researchers from EPI, a nonpartisan think tank focused on low- and middle-income workers, analyzed Internal Revenue Service data […]

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Poor communities lose billions to ‘predatory’ lenders

Poor communities lose billions to ‘predatory’ lenders

| February 2, 2015

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–Predatory lenders continue to target poor, black and Latino communities, siphoning off $103 billion in fees and interests every year, and the rest of us are paying for it, according to a recent report by United for a Fair Economy. “This is more money lost in poor […]

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A million reasons to change

A million reasons to change

| January 28, 2015

By James Clingman NNPA Columnist Exactly what is there in one million black folks united in their will and purpose? What is in a million brothers and sisters who are tired of the same old rhetoric, the same old leaders, and the same old ways of dealing with political and economic empowerment? What’s in a […]

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Black unemployment headed for single digits

Black unemployment headed for single digits

| January 26, 2015

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–After three consecutive months of the economy adding more than 25,000 jobs, the black unemployment rate could dip below 10 percent by mid-2015 if current trends continue, said Valerie Wilson, an economist and director of the Program on Race, Ethnicity, and the Economy (PREE) at Economic Policy […]

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New report finds ‘staggering inequality’ of incomes once decried by MLK

New report finds ‘staggering inequality’ of incomes once decried by MLK

| January 21, 2015

(GIN)—Income inequality, one of the issues that so troubled the Rev. Martin Luther King Jr., is again front and center in today’s news. A new report on the topic has come up with figures that even caught the financial community by surprise. For example: members of the “world’s richest” club earn half-a-million dollars per minute, the […]

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Add economic justice to the black agenda

Add economic justice to the black agenda

| December 28, 2014

By Charlene Crowell NNPA Columnist The groundswell for criminal justice reform has become nearly daily headline news. Demonstrations spanning the nation and many parts of the globe have demanded justice for those lives taken by questionable and fatal police behavior. Yet, Black America also suffers from another kind of injustice that is economic in nature […]

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Still looking for change

Still looking for change

| December 16, 2014

By James Clingman NNPA Columnist As the end of another tumultuous year approaches, black people again find ourselves in the relative same economic and political position as we were the year before, and the years preceding.  In 2007, leading up to 2008, when the ultimate level of political history had finally come to fruition, black […]

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Blacks rejoining labor market

Blacks rejoining labor market

| December 16, 2014

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–The black unemployment rate rose to 11.1 percent in November, according to the latest jobs report from Labor Department, because of increasing optimism in the economy. The black unemployment rate rose from 10.9 percent in October to 11.1 percent and the jobless rate for whites increased slightly […]

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