Business & Money

Economic divide widest in large metros, study finds

by AP

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... »

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. »

Small Businesses: Bigger than you think, more important than you know

by Nisa Islam Muhammad -Staff Writer- | Nov 21, 2013 - 11:07:49 AM

WASHINGTON - Supporting job creation among Black business owners and starting more Black businesses are two solutions to stagnant unemployment numbers in the Black community. »

Corporations rewriting U.S. labor laws

by Ramy Srour | Nov 19, 2013 - 10:21:29 AM

WASHINGTON - U.S. state legislators and corporate lobbies have engaged in an unprecedented attack on minimum wages that has lowered U.S. labor standards, according to new research. »

Living, working and doing business in Africa

by Brian E. Muhammad -Contributing Writer- | Nov 4, 2013 - 9:15:34 AM

MONTGOMERY, Ala. - Clear-headed advice was given on “Traveling, Living and Doing Business in Africa” as part of activities celebrating the 18th anniversary of the Million Man March and Holy Day of Atonement. »

Black Dollars, Black Power

by Starla Muhammad -Staff Writer- | Oct 11, 2013 - 3:29:12 PM

Black people pooling economic resources is not an unrealistic fantasy or "wishful thinking" naysayers often suggest. In fact, nationwide, efforts large and small are underway to put into motion the means and methods of making economic development and economic growth in Black communities not just a slogan but a functioning reality. »

U.S. doesn’t care about poor people

by Julianne Malveaux -Guest Columnist- | Oct 11, 2013 - 2:17:55 PM

The message of the poverty data is that our nation really does not care about poor people. We have seen that “trickle down” and other theories fail, and we have yet to implement a model that requires those who have gained economic expansion to share their gains with an economy that is faltering. »

Government shutdown harder on Black workers

by George E. Curry -Editor, NNPA Newswire- | Oct 8, 2013 - 5:45:45 PM

WASHINGTON (NNPA)- Although the shutdown of the federal government that began October 1 is affecting all Americans, a disproportionate portion of the 800,000 furloughed federal workers are Blacks, according to the U.S. Office of Personnel Management. »

Black media slighted as spending power exceeds $1 trillion

by George E. Curry -NNPA Editor-in-Chief- | Oct 1, 2013 - 12:22:24 PM

WASHINGTON (NNPA) - Although annual Black spending is projected to rise from its current $1 trillion to $1.3 trillion by 2017, advertisers allot only 3 percent of their $2.2 billion yearly budget to media aimed at Black audiences, a new Nielsen report has found. »

FEATURED STORIES

Black Dollars, Black Power

Black people pooling economic resources is not an unrealistic fantasy...

George Fraser: Creating a Culture of Success and Empowerment

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

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...

Increase in U.S. minimum wage urged

WASHINGTON - Seventy-five economists, including seven Nobel Prize laureates, recently...

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

A small, elite group of U.S. citizens has already met...

Haggai, Zechariah, #FarrakhanFridays and The Economic Blueprint

The Economic Blueprint of the Honorable Elijah Muhammad deals with...

Sluggish employment, economic woes plagued Blacks in 2013

Stagnation is how economist Dr. Algernon Austin summed up what...

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

WASHINGTON - In the midst of a nationwide movement for...

Small Businesses: Bigger than you think, more important than you know

WASHINGTON - Supporting job creation among Black business owners and...

Corporations rewriting U.S. labor laws

WASHINGTON - U.S. state legislators and corporate lobbies have engaged...

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