Business & Money

Detroit bankruptcy: Debt and democracy

by DCurt Guyette The Michigan Citizen

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... »

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. »

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. »

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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...

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...

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...

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