Business & Money

Ending the payday lending debt trap

by Charlene Crowell -NNPA Columnist-

In just a few days, the debt trap at the core of small-dollar loans that come with triple digit interest rates and debt traps has generated an unprecedented groundswell of... »

Wage gap and income inequality growing

by Nisa Islam Muhammad -Staff Writer- | Aug 28, 2014 - 11:12:59 PM

Lower wage jobs are gaining in the employment market while higher paying jobs lost during the recession have yet to return. The challenges of workers laid off during this period that find and settle for these lower paying jobs was highlighted in a new report released by the U.S. Conference of Mayors (USCM). »

U.S. wealth gap widens since Great Recession–study

by RT.com | Jul 3, 2014 - 7:57:02 PM

The wealth gap in the U.S. has been widening since the Great Recession despite the 2008 financial crisis destroying billions of dollars in wealth. The recovery saw the richest restore much of their losses— unlike average Americans, researchers found. »

Wall Street sets its sights on renters

by Samuel Oakford | Jun 18, 2014 - 8:11:07 AM

NEW YORK - Six years after the financial crisis, Wall Street’s housing alchemy engine is revving up again—only this time it’s coming for your rental. »

Blackonomics: The Delusion of U.S. Economic Progress

by James Clingman -Guest Columnist- | Jun 10, 2014 - 10:33:33 PM

Imagine the U.S. dollar being worthless. Picture millionaires and billionaires becoming “thousand-aires” overnight. Think about the possibility of 200 million U.S. citizens being unable to eat unless the government provides food for them. »

Could new bill jeopardize Black home ownership?

by Saeed Shabazz -Staff Writer- | May 30, 2014 - 2:11:46 PM

According to the Reverse Mortgage Daily, the new housing reform bill would scale down and eliminate the Government Sponsored Enterprises (GSEs) known as Freddie Mac and Fannie Mae, the lending programs which helped boost the percentage of Black home ownership. »

Community Reinvestment Act targeted, say activists

by Saeed Shabazz -Staff Writer- | May 30, 2014 - 2:05:18 PM

Activists in Chicago are using the power of the 1977 Community Reinvestment Act (CRA) to ensure that U.S. Bank NA, lives up to its commitments to Blacks and Latinos as they aim to acquire Chicago-area branches of RBS Citizens/Charter One Bank. »

Economic divide widest in large metros, study finds

by AP | Mar 10, 2014 - 3:28:08 PM

The gap between the wealthy and the poor is most extreme in several of the United States' most prosperous and largest cities. The findings come at a delicate moment for the country, still slogging through a weak recovery from the Great Recession. »

Obama's TPP negotiators received huge bonuses from big banks

by RT.com | Mar 3, 2014 - 11:45:51 AM

A controversial trade deal being touted by the White House is expected to give American corporations broad new authority if approved. Now according to newly released documents, big banks gave millions to the execs that are now orchestrating the agreement. »

Car loans from dealers higher for Blacks

by Nisa Islam Muhammad -Staff Writer- | Feb 6, 2014 - 9:53:21 AM

WASHINGTON - When the Simpsons went to buy a new car husband Harry felt comfortable that his negotiating skills would get them a decent interest rate. »

Increase in U.S. minimum wage urged

by Bryant Harris, IPS | Jan 22, 2014 - 11:32:57 PM

WASHINGTON - Seventy-five economists, including seven Nobel Prize laureates, recently sent an open letter to President Barack Obama and the U.S. Congress, urging them to raise the federal minimum wage. »

900 wealthiest Americans exempted from paying 2014 Social Security past Jan. 2nd

by RT.com | Jan 9, 2014 - 9:59:31 PM

A small, elite group of U.S. citizens has already met their 2014 financial obligation for Social Security two days into the New Year, and will no longer be required to contribute any of their income to the federal program. »

Haggai, Zechariah, #FarrakhanFridays and The Economic Blueprint

by Cedric Muhammad -Guest Columnist- | Jan 8, 2014 - 1:07:41 PM

The Economic Blueprint of the Honorable Elijah Muhammad deals with the problem of our poor savings habits and mass unemployment. These problems are mentioned in scripture and prophecies in a great many places. Two such places are in the words of the Prophets Haggai and Zechariah. »

Sluggish employment, economic woes plagued Blacks in 2013

by Starla Muhammad -Assistant Editor- | Dec 24, 2013 - 10:48:46 AM

Stagnation is how economist Dr. Algernon Austin summed up what Black Americans faced in the 2013 economy, with high jobless rates still the main culprit. The final U.S. jobs report released before the end of the year by the U.S. Department of Labor showed overall unemployment rates dropped to 7 percent for November. »

In minimum wage debate, a battle over inequality and job loss

by Ramy Srour | Dec 19, 2013 - 11:09:09 AM

WASHINGTON - In the midst of a nationwide movement for policymakers to raise minimum wages for millions of workers in the United States, experts here continue to debate the advantages and drawbacks of raising the federal rate. »

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George Fraser: Creating a Culture of Success and Empowerment

George Fraser may not be among the most well known...

Ending the payday lending debt trap

In just a few days, the debt trap at the...

Wage gap and income inequality growing

Lower wage jobs are gaining in the employment market while...

U.S. wealth gap widens since Great Recession–study

The wealth gap in the U.S. has been widening since...

Wall Street sets its sights on renters

NEW YORK - Six years after the financial crisis, Wall...

Blackonomics: The Delusion of U.S. Economic Progress

Imagine the U.S. dollar being worthless. Picture millionaires and billionaires...

Could new bill jeopardize Black home ownership?

According to the Reverse Mortgage Daily, the new housing reform...

Community Reinvestment Act targeted, say activists

Activists in Chicago are using the power of the 1977...

Economic divide widest in large metros, study finds

The gap between the wealthy and the poor is most...

Obama's TPP negotiators received huge bonuses from big banks

A controversial trade deal being touted by the White House...

Car loans from dealers higher for Blacks

WASHINGTON - When the Simpsons went to buy a new...

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