Dr. Boyce Watkins George Kilpatrick Talk about Black Wealth, Debt Ceiling

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In this interview (below), Dr. Boyce Watkins speaks with George Kilpatrick, host of “New Inspiration for the Nation,” about current events within the African American community.  They discuss the recent debt ceiling, racism in the workplace, black unemployment, whether college athletes should be paid and more.   You can listen to the interview by CLICKING […]

Tyler Perry Supports Urban Entrepreneurs in Pitch Competition

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In search of role models, some 400 young — and mostly black –Atlanta entrepreneurs found one Friday in the form of Tyler Perry. First and foremost, Perry is a movie star and one of Hollywood’s most bankable commodities. But Atlanta Mayor Kasim Reed and the White House also noted to the audience that he is […]

Cutting Deficit will Increase Retirement Gap Between Whites and Minorities

Applicant Dennis Bennett, 60, waits during a job fair at the Southeast LA-Crenshaw WorkSource Center in Los Angeles November 20, 2009. In a depressed neighborhood in the City of Angels, hundreds of good jobs appeared to fall from the sky last week. Young and middle-aged Los Angeles residents, mostly blacks and Hispanics, lined up down the block at an employment office for more than 600 jobs, paying $14 an hour and higher with free healthcare, at new JW Marriott and Ritz Carlton hotels downtown. Picture taken November 20, 2009.  REUTERS/Mario Anzuoni   (UNITED STATES EMPLOYMENT BUSINESS)

New research finds an appalling 20 to one chasm in net worth between white and black Americans, and an 18 to one gap between whites and Hispanics. The Pew Research Center found that the net worth gap has widened during the Great Recession, mainly because the housing bust disproportionately cut into the wealth of African-Americans and […]

Home Schooling is a Growing Trend for African American Families

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by Ayvaunn Penn, Your Black World These days, public schools are not exactly the safest place for children. Little elementary school children get caught with guns in their backpacks. Drugs can run rampant, and kids have even been caught having sex in classrooms. But, these are not the main reasons black families are increasingly moving toward […]

Oprah’s Magazine and Network are Suffering Losses

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by Ayvaunn Penn, Your Black World When The Oprah Winfrey Show bid its last goodbye, women across the nation were wondering what life would be like without their daily dose of Winfrey. Oprah assured everyone, however, that although The Oprah Winfrey Show would be gone she had no plans of disappearing for good. We would still have O Magazine. […]

Survey: African Americans Divided Over Cornel West, Obama Debate

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by Dr. Boyce Watkins. In a recent survey by YourBlackWorld.com, it was found that African Americans are divided over the comments of Princeton University professor Cornel West, who has critiqued the Obama Administration in the media over the past several weeks.  A mild majority of those who gave a definite answer (44.6%; only 87.2% said […]

Al Sharpton: The Wealth Gap Calls for Immediate Action

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While the nation is fixated on a debt ceiling standstill, the number one issue on the minds of Americans — jobs — has largely been ignored. But in addition to experiencing the worst economic downfall since the Great Depression, we are now also officially witnessing the largest ethnic wealth disparity in decades. For those who […]

Damon Dash Is the Latest Celeb to Have Tax Trouble

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By JasmineHughes Co-Founder of the infamous Roc-A-Fella Records, Dame Dash, continues to make headlines over his financial issues. According to multiple reports, Dame owes nearly $3 million dollars to the IRS for past taxes. The Detroit News reports the IRS filed a tax lien against the former Rocawear executive on June 30 with the New York City Register’s Office. Dash’s […]

Yvette Carnell: Is Al Sharpton Owned by Corporate America?

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Over the past few days, former MSNBC host and current online host of the “The  Young Turks”, Cenk Uygur, has made his rounds on both television and the net discussing how he was summarily dismissed from his prime time slot at MSNBC. According to Uygur, his style of not treating members of Congress with enough […]

NAACP Sponsor Wells Fargo Target of Justice Department Probe for Discriminatory Lending

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by Dr. Boyce Watkins. The United States Justice Department is preparing to launch an investigation against Wells Fargo, a company that serves as the largest home mortgage lender in the country.  The company is being accused of taking advantage of minority consumers by selling them loans that were overpriced and more likely to lead to […]

Dr. Boyce: Racial Wealth Gap Largest It’s Been in 25 Years

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by Dr. Boyce Watkins, Syracuse University – Scholarship in Action A new study presented some disturbing, yet expected news about the sad state of economic affairs within the African American community. According to the study, the wealth gap between white and black Americans has become the widest that it’s been in the last 25 years. As it stands, […]

Danielle Douglas: Five Tips to Survive and Thrive in this Economy

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What is Your Business Model? There is a saying that if you continue to do the same things the same way and expect a different result, that is the definition of insanity. There was an article, Business Models for Industries in Crisis, that discussed how five industries must change the way they do business if they […]

Yvette Carnell: Chess and Checkers Have Nothing to do with Debt and Deficit

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Forget about raising the debt ceiling, one trillion here, two trillion there; it’s all small change right? At least that’s the impression I get when I overhear such ruminations from people within the black community. In the span of two plus years, run of the mill African-Americans have declared themselves members of the political pundit […]

A New Way to Make Sure You Get Your Money Right

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Unless you’re Warren Buffett, there’s probably something else you could be doing to better manage your money (and he may not get a pass either!).  I know I am guilty of not being as diligent as I should be when it comes to keeping track of spending, staying on a budget, and a whole host […]

President Obama, the Debt Ceiling and Greedy Republicans: Why the People Can’t Win

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by Dr. Boyce Watkins. In early 2001, America’s economic future was rosy: Our government was sitting on a massive budget surplus, and the Congressional Budget Office predicted that the next 10 years would carry our nation down the path of seemingly endless prosperity. This was a good time for President George W. Bush to push […]

Debt-Ceiling Talks Reaching Critical Stage for Obama and the Democrats

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Your Black World reports. The debt-ceiling deadline is fast-approaching, with leadership from both the Democratic and Republican parties bickering over the final arrangements.  The Democrats rejected a Republican proposal to raise the ceiling in a two-step process, but both sides are concerned about a negative reaction in Asian markets if a deal is not reached […]

Dr. Boyce: President Obama Set to Meet with Marc Morial and Ben Jealous, But Why?

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by Dr. Boyce Watkins. I received an email today from the White House stating that President Barack Obama is scheduled to meet with NAACP President Ben Jealous and Urban League President Marc Morial.   President Obama’s schedule (which can be seen here) shows that the meeting will be roughly 25 minutes, giving these three important […]

Jon Stewart Makes Fun of GOP’s Obsession with President Obama (Video)

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In this video, the Daily Show’s Jon Stewart goes out of his way to ridicule Republicans, who claim that President Obama is obsessed over raising taxes on the rich.  He also talks about how the Republicans are afraid to use the word “rich,” instead attempting to falsely claim that most of the nation’s wealthy are […]

President Obama Touts the Benefits of New Debt Plan

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President Obama urged Congress today to act quickly on a deal to raise the $14.3 trillion debt ceiling, and he heralded a bipartisan Senate plan that calls for higher taxes as well as spending cuts “a very significant step.” “The problem we have now is we’re in the 11th hour,” Obama said at the White […]

George Fraser: Networking Your Way to Success

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When networking for a new position, it is important to start with a comprehensive list of everyone in your desired field. For example if you’re Black, think of Blacks first, because of the cultural and sociological connection, but don’t limit it to any one group. Use professional directories, newspaper clippings and specialized publications for leads […]

Julianne Malveaux Invites You to a Watch Party on Black Economic History

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Dr. Julianne Malveaux, President of Bennett College for Women, is inviting the nation to hold watch parties for her appearance on C-Span to discuss black economic history.   On Saturday, July 23 at 1:00 pm EST, Dr. Malveaux will be speaking at the Harlem Book Fair about her new book, “Surviving and Thriving: 365 Facts […]