Business & Money

Builders Not Beggars: Supporting Black business a matter of Black survival

by Starla Muhammad -Staff Writer-

COLUMBUS, Ohio - Black-owned businesses still face an uphill climb in terms of financing, investment and support but the enthusiasm, resolve and willingness to grow was evident at a recent... »

Dollar could be in danger as the world’s currency

by RT.com | Jun 7, 2013 - 10:23:09 AM

Though the U.S. dollar continues to reign as the foreign reserve currency of choice, a new International Monetary Fund analysis shows that the currency has slumped to a 15-year low, heightening concerns that it may lose that status. »

Europe on edge of the abyss

by Mario Soares | Jun 6, 2013 - 2:54:01 PM

LISBON - The economic crisis began in the United States under the administration of then-President George W. Bush, following the collapse of the Lehman Brothers Bank. It came as a result of unregulated globalization and a neoliberal ideology. »

NBA Hall of Famer and entrepreneur, "Magic" Johnson shares path to business success

by Starla Muhammad -Staff Writer- | May 30, 2013 - 12:05:06 AM

COLUMBUS, Ohio (FinalCall.com)- Earvin "Magic" Johnson is easily considered one of the greatest basketball players in history. But it’s his strategic business moves off the court that have made the five-time NBA champion and Hall of Famer a force to be reckoned with and widened his impact. »

Federal Reserve: rising inequality jeopardizes economic recovery

by RT.com | May 24, 2013 - 10:43:54 AM

A top ranking member of the United States Federal Reserve cautioned economists that growing inequality within the U.S. was worsening the odds of a quick return to the conditions of the pre-recession days. »

U.S. economic woes started in Reagan era: Analyst

by PressTV | May 17, 2013 - 12:23:37 PM

The US economic problems date back to the 1980s, and have their roots in former president Ronald Reagan's failed policies. »

Activists working to find solutions for youth unemployment

by Saeed Shabazz -Staff Writer- | May 2, 2013 - 10:21:43 AM

NEW YORK - Youth unemployment has reached 11.7 percent nationally, according to the U.S. Dept. of Labor, however, for Black youth, ages 19 to 29 the national number is 20 percent, while 12.6 percent of Latinos in the same age bracket are unemployed. »

Hopeful news and help to prevent home foreclosures

by Nisa Islam Muhammad -Staff Writer- | May 2, 2013 - 10:12:19 AM

WASHINGTON, D.C. - For the first time since 2008 when the housing crisis started, the total number of delinquent mortgages and foreclosures fell below five million according to statistics from LPS Applied Analytics reported April 23. »

Great Recession leaves Blacks poorer, more vulnerable

by Freddie Allen NNPA Washington Correspondent | Apr 29, 2013 - 12:42:29 PM

WASHINGTON – 'Minorities' clinging to the middle class have come out of the Great Recession at a higher risk for falling into poverty during the next economic crisis, according to a re-cent report by the Center for American Progress, a nonpartisan think tank in Washington, D.C. »

The Black Unemployment Rate Drops for All the Wrong Reasons

by Freddie Allen NNPA Washington Correspondent | Apr 16, 2013 - 12:03:23 PM

WASHINGTON – There wasn't much good news for any of the worker groups in the March jobs report, released last Friday. Even though, the unemployment rate fell to 7.6 percent, most economists agree that the drop is attributable to nearly half a million workers exiting the labor force. »

U.S. banks too big to fail, or just too big?

by Katelyn Fossett | Apr 16, 2013 - 11:47:28 AM

WASHINGTON - Following last week's approval of U.S. Senate bills that critics say would weaken a major financial reform law known as Dodd-Frank, watchdog groups here are cautioning that banks deemed "too big to fail" still pose a risk to U.S. and international economic security. »

Blacks in Politics vs. Blacks in Economics

by James Clingman | Apr 2, 2013 - 10:17:26 AM

It has always been intriguing to me that we have elected thousands of Black politicians since Reconstruction, especially since 1970, while the number of Black economic advocates pales in comparison. »

Borrowing? Read the Fine Print

by Jim Clingman | Feb 12, 2013 - 9:28:08 AM

Have you noticed the television commercials that offer loans of various kinds or other enticements such as auto leases and insurance policies for the elderly? »

U.S. unemployment rises in another indication of weak economy

by RT.com | Feb 8, 2013 - 11:39:56 AM

The U.S. unemployment rate is on the rise again, with 12.3 million Americans with no job even according to the official statistics, bringing the unemployment rate to 7.9 percent. »

Reclaiming Black Dollars during ‘Black History Month’

by James Clingman -Guest Columnist- | Feb 5, 2013 - 10:42:25 AM

Yes, I said, “Reclaiming,” which obviously means doing it again. There was a time in this nation when Black people did all the things we are discussing today pertaining to economic empowerment, business development, and business support. »