Will higher down payment requirements decrease Black home buying opportunities?
by Nisa Islam Muhammad -Staff Writer-WASHINGTON - The President’s State of the Union address may have presented a rosy picture but if you look at the housing crisis those roses petals are wilting and Americans... »
Exposing the 1 Percent: 'Money isn’t speech, corporations aren’t people'
by Kanya D’Almeida | Feb 2, 2012 - 1:50:58 PMNEW YORK - In most mainstream media the words "corruption" and "election fraud" accompany images of makeshift polling stations manned by armed guards in Burma or burning tires beside tattered ballot boxes in South Sudan—the insidiousness of stolen elections and a crumbling democracy is very seldom associated with the United States. »
Social tensions increasing in US between rich, poor
by Hope Yen Associated Press | Jan 23, 2012 - 10:36:05 AMWASHINGTON - Tensions between the rich and poor in the U.S. are increasing and at their most intense level in nearly a quarter-century, a new survey shows. Americans now see more social conflict over wealth inequality than over the hot-button topics of immigration, race relations and age. »
'Greed, for a lack of better word, is good'
by Jehron Muhammad -Contributing Writer- | Jan 3, 2012 - 11:41:55 AMThe Congress of South African Trade Unions president Sidumo Dlamini while addressing the 47th National African Federated Chamber of Commerce Conference in Johannesburg on November 18 said "greed," or the wealth of the world being controlled by a few, is the root cause of the world's economic instability. »
No end in sight for housing crisis
by Nisa Islam Muhammad -Staff Writer- | Dec 28, 2011 - 11:12:38 PMWASHINGTON - While the housing crisis has no end in sight, Countrywide borrowers got some satisfaction as the year ended with the largest residential fair lending suit in history as Bank of America agreeing to pay $355 million to settle allegations that Countrywide Financial used racist tactics against Black and Latino borrowers. »
Poor nations lose billions to global tax dodgers
by Daan Bauwens | Dec 12, 2011 - 9:31:49 AMBRUSSELS (IPS/GIN) - Not corruption but multinational tax dodging is the main reason why developing nations stay aid-dependent, says a new report. And while new proposals by the European Commission try to tackle the problem, they turn a blind eye towards tax havens. »
Still losing ground: Mortgage crisis isn’t over
by Nisa Islam Muhammad -Staff Writer- | Dec 7, 2011 - 9:51:24 AMWASHINGTON - If you thought the foreclosure crisis was nearing an end, think again. A recently released study shows millions of more devastating foreclosures ahead and it may not even be halfway over. Who are most likely to lose their homes? Blacks and Latinos. »
An Issue To Unite The Tea Party, Occupy Wall Street And The Righteous?
by Cedric Muhammad -Guest Columnist- | Dec 7, 2011 - 8:38:01 AMThe Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. »
Fed up with banks, more turn to cooperatives
by Elizabeth Whitman | Nov 30, 2011 - 5:11:47 PMUNITED NATIONS - The number of people flocking to cooperative banks has recently skyrocketed in the U.S., with 650,000 people joining credit unions just since late September. »
Poll: Americans support fairer wealth distribution
by Nisa Islam Muhammad -Staff Writer- | Nov 21, 2011 - 1:52:57 PMWASHINGTON - On the streets of the nation's capital, a random downtown workers were asked, "Would America be better if the distribution of wealth was more equal?" Overwhelmingly they answered, "Yes!" »
Withdrawal movement new way to hit big banks
by Ngoc Nguyen New America Media | Nov 21, 2011 - 11:03:54 AMAtty. Jenny Do has taken steps to transfer $200,000 from her law firm’s two investment accounts at Bank of America to a credit union. She closed one account in October, and has scheduled the other account to transfer next February. »
Who is Watching the Supercommittee???
by Julianne Malveaux -Guest Columnist- | Nov 18, 2011 - 10:12:53 AMThe size of the committee may also make it easier for lobbyists! According to Politico, more than 200 lobbyists are pressuring Supercommittee members to protect their interests. »
Black buying power nears $1.1 trillion
by FinalCall.com News | Oct 11, 2011 - 6:18:35 PMWASHINGTON - Black buying power is expected to reach $1.1 trillion by 2015, according to The State of the African- American Consumer Report, recently released, collaboratively by Nielsen and the National Newspaper Publishers Association (NNPA). »
A Bad Sign: Mortgage Delinquencies Continue to Rise
by Nisa Islam Muhammad -Staff Writer- | Sep 15, 2011 - 9:18:45 AMWASHINGTON, D.C. - News that families are still struggling to pay their mortgages was no surprise to the Richardsons. They and many of their friends are one, two, three and sometimes four or more months behind on their mortgage. »
CBC job fairs draw thousands seeking work
by Askia Muhammad -Senior Correspondent- | Aug 30, 2011 - 11:35:22 AMWASHINGTON - Thousands upon thousands of recession-weary job seekers lined up for hours at a time to attend each of a national series of job fairs and related town hall meetings convened by members of the Congressional Black Caucus (CBC) in five cities throughout the month of August. »
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