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Posts Tagged ‘ economic crisis ’

No Money in the Bank: Black Women, Wealth and Assets

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By C. Nicole Mason
If the average single black woman went to the bank and withdrew her wealth, she would only withdraw $100.00. And nearly half of single black women have zero or negative wealth—meaning if they inserted their cards into an ATM machine, it would more than likely be rejected.



Notes from SleezaCard

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By Doug Miller
Current changes in credit card regulations might lead to an exchange such as this…



Mission Critical: Succeeding at Black America’s Last Chance

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By Lee A. Daniels
Fourteen months into the Obama Presidency, it’s become more and more obvious that the spectacular example of the First Family sketches only a partial portrait of the present and possible future of Black America. The rest of the portrait—better to call it a mosaic—is far more complex and, in some areas, far less sunny.



The Business of You: Going for the Gold

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By Jackie Jones
Black folks may be easy marks for online and mail-in gold businesses.



Reality Check: One Year after Stimulus, Blacks and Latinos Still Struggling

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By C. Nicole Mason

On the one-year anniversary of the stimulus bill, the Administration will do much to convince us that it is indeed working. However, it’s going to take more than colorful pie charts and grandiose projections to ease the anxiety and the angst gripping communities.



The Business of You: Bank of Overdraft Policies Protect No One

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By Jackie Jones
Bad lending practices by banks are increasingly eating up disposable income, not only hurting individual consumers, but also affecting the nation’s overall economic health by diverting funds that could be spent on consumer products to servicing debt.



The (Missed) Opportunity of a Lifetime

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By Leslie Proll
When President Obama took office last January, hopes were high that the right wing’s long stronghold on the federal courts had come to an end. LDF and other civil rights advocates were eager for a new day when fair and impartial judges would once again be nominated and confirmed in large numbers.



Obama at Year One

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By John Payton
A year ago, we could barely contain our excitement as we contemplated a historic achievement. Barack Obama had won a decisive victory. There was widespread enthusiasm for his Presidency. Right after the election, Gallup reported that 68 percent of the public was proud that Obama was President. His choices of Senator Hillary Clinton to be Secretary of State, of Eric Holder to be Attorney General and of Robert Gates to remain as Secretary of Defense were well received. His Inaugural speech was brilliant. We were looking forward to acknowledging and confronting fundamental problems that have plagued our society for decades.



Real-world Therapy for Retail Bankers: Five Steps to a Healthy Business and Renewed Popularity

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By Doug Miller
Maybe, just maybe, America’s retail bankers really don’t get it. Despite being hauled before Congress, derided by the president and sinking like a bar of gold bullion in an increasingly choppy sea of public opinion, maybe they’re just incapable at this point of seeing the balance sheet for what it really is.



Unequal Opportunity and Whitewashed Resumes

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By Khalil Gibran Muhammad
“Education is the key to success. Knowledge is power.” Wise words repeated countless times to young people at home and in school every single day. But what should we say to them if one day their hard work meets empty promises, if their dreams are deferred, or their first paycheck of material reward is marked insufficient funds.