Economics

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 According to the Economic Policy Institute (EPI), a Washington, D.C.-based think tank focused on […]

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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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Black Women’s Roundtable announces empowerment project

| March 5, 2015

WASHINGTON, D.C.—The Black Women’s Roundtable (BWR) recently announced the launch of its 2015 Healthy, Wealthy and Wise Economic Empowerment Project. The BWR Empowerment Project is designed to provide more than 2,000 black women and girls of diverse ages, economic levels and backgrounds with strategies, tools and resources to invest in their goals to achieve sustainable […]

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50 years of economic futility

50 years of economic futility

| March 5, 2015

By James Clingman NNPA Columnist During the 50-year period from 1963 (“I have a dream!”) to 2013, black people have been on a virtual economic treadmill. Our relative economic position has not changed; our unemployment rate has consistently been twice as high as the white unemployment rate, which was five percent for whites and 10.9 […]

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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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