Business & Money

Regulators approve tougher rules for Internet providers

by Anne Flaherty Associated Press

WASHINGTON - Internet activists declared victory over the nation’s big cable companies February 26, after the Federal Communications Commission voted to impose the toughest rules yet on broadband providers like... »

Major bank charged with housing discrimination

by Nisa Islam Muhammad -Staff Writer- | Feb 18, 2015 - 9:47:50 PM

Thought housing discrimination was a thing of the past? Think again. The Fair Housing Justice Center and nine Black, Hispanic, South Asian and White testers have filed a federal lawsuit charging the M&T Bank Corporation “discriminates in its mortgage lending practices on the basis of race and national origin. »

Poor communities lose billions to predatory lenders

by Freddie Allen | Feb 3, 2015 - 3:09:15 PM

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. »

Despite favorable trends, housing recovery lags for Blacks and Latinos

by Nisa Islam Muhammad -Staff Writer- | Jan 21, 2015 - 5:42:20 PM

WASHINGTON - While many around the country are recovering from the housing crisis that had tens of millions facing foreclosure, Blacks and Latinos, are not seeing the same progress. »

What's on the economic horizon for Black America in 2015?

by Starla Muhammad -Assistant Editor- | Jan 7, 2015 - 11:40:59 AM

While the overall economic picture generated optimism for some last year, as the country heads into 2015 a majority of low and middle income Black, Brown and poor Americans still suffer from financial struggles carried over from the Great Recession. »

Detroit bankruptcy: Debt and democracy

by DCurt Guyette The Michigan Citizen | Dec 12, 2014 - 11:13:35 AM

It began in early 2012, when lawyers from the Jones Day law firm, in conjunction with the investment banking firm Miller Buckfire, began secretly meeting with Gov. Snyder’s office and other state officials to figure out how to thwart the will of Michigan voters. »

Banking industry culture fosters cheating?

by AP | Nov 27, 2014 - 1:16:05 PM

WASHINGTON - The banking industry seems to bring out dishonesty in people, a new study suggests. A team of Swiss economists tested the honesty of bank employees in a lab game that would pay off in cash if they cheated. »

The Cost of Not Doing Business

by James Clingman -Guest Columnist- | Oct 10, 2014 - 12:14:29 PM

Over the past few decades Black people have been led to believe that we have “power” because we earn and spend so much money in the marketplace, now having eclipsed the $1 trillion mark. »

Place the Black dollar under arrest

by James Clingman -Guest Columnist- | Sep 25, 2014 - 9:36:56 PM

Here’s an intriguing concept: Arrest the Black dollar. Say what, Jim? You read it correctly. We should arrest our dollars and charge them with neglect. Put them on trial, call the witnesses to testify against them, and convict them of crimes against Black people. »

Blackonomic$: Symbolism without Substance—Ferguson to Jena

by James Clingman -Guest Columnist- | Sep 3, 2014 - 1:14:30 PM

Remember the Jena Six? Some 15,000 to 20,000 protesters went to Jena, La. in 2006 to demonstrate against injustice. After all the speeches, threats, marches, and church rallies, the people went home and nothing really changed. »

Ending the payday lending debt trap

by Charlene Crowell -NNPA Columnist- | Aug 28, 2014 - 11:31:06 PM

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 national and local attention. »

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. »

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...

Regulators approve tougher rules for Internet providers

WASHINGTON - Internet activists declared victory over the nation’s big...

Major bank charged with housing discrimination

Thought housing discrimination was a thing of the past? Think...

Poor communities lose billions to predatory lenders

WASHINGTON (NNPA) - Predatory lenders continue to target poor, Black...

Despite favorable trends, housing recovery lags for Blacks and Latinos

WASHINGTON - While many around the country are recovering from...

What's on the economic horizon for Black America in 2015?

While the overall economic picture generated optimism for some last...

Detroit bankruptcy: Debt and democracy

It began in early 2012, when lawyers from the Jones...

Banking industry culture fosters cheating?

WASHINGTON - The banking industry seems to bring out dishonesty...

The Cost of Not Doing Business

Over the past few decades Black people have been led...

Place the Black dollar under arrest

Here’s an intriguing concept: Arrest the Black dollar. Say what,...

Blackonomic$: Symbolism without Substance—Ferguson to Jena

Remember the Jena Six? Some 15,000 to 20,000 protesters went...

News

Columnists

 

Services