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Category : Black Money

6 Specific Ways Blacks Are Financially Worse Off Under Obama

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Barack Obama’s election was hailed by many as the beginning of a post-racial America in which Black people were going to experience new-found equality. This hope for a post-racial America has been dashed by the fact that recent statistics show that Black Americans have not actually improved in many areas of inequality but instead have stayed the same or gotten worse since Obama’s election. One of the areas that has…

Technology Makes Everyone An Entrepreneur

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April V. Taylor A recent column in USA Today took a closer look at how technology has turned everyone: business owners, employees and even the unemployed into entrepreneurs.  This is fueled by the fact technology has made it possible for people to work from anywhere.  The recession has also transformed both work and business.  In an attempt to cut costs, large corporations have begun to use part-timers and independent contractors…

Thieves Want Your Medical Records More Than Credit Card Info

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April V. Taylor Data and reports compiled by the FBI have revealed that stealing a person’s medical information is worth 10 times more to thieves and hackers than a credit card number is on the black market.  Just as recently as last month, the FBI warned healthcare providers about guarding themselves against cyber attackers after Community Health Systems Inc.,  one of the country’s largest hospital operators, was broken into by…

Dr. Dre Made $620 Million, More Than Any Artist Ever In One Year

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Dr. Dre is now the top paid celebrity on the Forbes celebrity earnings list for annual earnings between June 2013 and 2014.  He has ousted Sean “Diddy” Combs from the top spot of highest paid hop hop artist, and what makes the $620 million in estimated pre-tax earnings so astronomical is that it is actually the highest of any musician in any genre ever evaluated by Forbes.  It is also…

For Profit College Preys On Vulnerable, Turns American Dream Into Financial Nightmare

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The Huffington Post is reporting that the giant Corinthian Colleges has had a lawsuit filed against them by the Consumer Finance Protection Board (CFPB).  Many may not recognize the name Corinthian, but most people who watch television have seen commercials for the infamous Everest College.  Corinthian also runs Heald College and WyoTech schools.  The lawsuit stems from the for-profit college swindling students into taking on huge student loan debts by…

“No Justice! No Profit!” Blacks Across Country Speak Out With Their Dollar

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April V. Taylor In the wake of the viral ALS Ice Bucket Challenge, many Americans have looked for causes to support that are more relevant to their lives, and Americans all over the country are participating in the Black Business Challenge and Blackout Monday as a way to harness the $1 trillion dollars in annual spending power black people have to build community, speak out about injustice and economic inequality….

Michael Jackson’s Estate Hit With $700 Million Dollar Tax Bill

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By David Bloodsaw Michael Jackson made a song entitled Money in 1995 and now that has been a major theme in his life and now his death. A litany of controversies have clouded the last days and death of the late iconic singer and now it’s the Internal Revenue Service’s turn. The L.A. Times reports at the time of Jackson’s death, his estate filed with the U.S. Tax Court that he was worth…

Chef Mike Valli: Atlanta’s Youngest & Flyest Celebrity Chef

Chef Mike Valli: Atlanta’s Youngest & Flyest Celebrity Chef

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(L) Chef Mike Valli (R) Madam Prezident By: Madam Prezident Most young men Chef Mike Valli’s age are finishing college, looking for a job that will lead to a long time career. I guess it’s safe to say that Chef Mike Valli isn’t most men. While his peers are trying to figure out life, he’s already developed a passion for “flyness” and food.  Amongst young people, One of the hardest…

4 Things Young Black Women Should Remember When Dating

4 Things Young Black Women Should Remember When Dating

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By: Madam Prezident   70% of African American women are unmarried. Although that’s a large amount of unmarried black folk—it’s a harsh reality. Being an African American woman currently on the dating scene, I noticed a few mistakes that we as women make when meeting someone new. These mistakes are the top 4 things that keep us single. 1)    Clingy Stop being clingy—if you are the clingy type, then stop….

Kamara Taylor: What Did Brown Vs. Board of Education Really Do For Black Children?

Kamara Taylor: What Did Brown Vs. Board of Education Really Do For Black Children?

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By: Kamara Taylor The Economic Resurrection of Brown v. Board of Education The idea that the legislative landmark of Brown v. Board helped to end school segregation can be looked at as another ploy to manipulate minds into the old Negro way of thinking.  Theoretically, schools were integrated as Blacks were allowed to attend school with White counterparts.  But economic disparities quickly changed this form of integration. The idea that…

What Does 100 Years of Delta Sigma Theta Really Mean?

What Does 100 Years of Delta Sigma Theta Really Mean?

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By: Dr. Kimberly Brown What Does 100 years of Delta Sigma Theta Really Mean? The District of Columbia should brace itself. The phrase, “paint the town red,” will take on a new and vibrantly literal meaning as immeasurable numbers of women of the illustrious Delta Sigma Theta Sorority Incorporated descend upon the city this weekend to celebrate the organization’s 100th anniversary. Yet, besides the grand convention assemblies; the sea of vendors…

Ten States In 2013 Are Scheduled To Raise Minimum Wage

Ten States In 2013 Are Scheduled To Raise Minimum Wage

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Ten states raised their minimum wage at the start of 2013. On Tuesday, Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Rhode Island, Vermont and Washington raised wages between 10 and 35 cents. The increase will put an extra $190 to $510 per year into the pocket of the average minimum-wage worker, according to Reuters. African-Americans make up about 15.1 percent of the 73.9 million minimum wage earners in America. A study by National Employment Law Project released…

Business Mogul Cathy Hughes Discusses Her Tribulations To Build A Multi-Million-Dollar Media Network

Radio-One’s Cathy Hughes Talks Abortion And Staying Focused

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At 16 years of age Cathy Hughes, founder of Radio One, was kicked out of the house by her mom when she became pregnant. She didn’ let her misfortune become a part of her downfall, she just trudged along and vowed to do something with herself and for her son. Years later, after graduating from college and getting married she had an opportunity to buy a radio station with her…

Jasmine Guy says Duckett hasn't paid a dime since May 2010 and now owes her a whopping $39,663 in back support

Jasmine Guy Hits Ex-Husband For Back Child Support Payments

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Famed “Different World” star, Jasmine Guy, is suing her ex-husband, Terrence Mitchell Duckett, for $39,663 in back child support. According to TMZ, Guy filed legal docs in L.A. County Superior Court recently. Duckett was ordered by a judge to pay $1,469/month in child support for the couple’s daughter when the couple divorced in 2008. In the documents, Guy claims Duckett hasn’t paid child support since 2010. Guy is seeking to hold her ex in…

Pew Research Shows Upper- and upper-middle class Americans describe themselves as happier, less stressed, and healthier than lower-income Americans

Money Can’t Buy Happiness? Research Reveals Otherwise

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Perhaps one of the greatest fibs ever told is that money can’t buy one happiness. While there may be truth to the statement in the literal sense, research proves it is absolutely fictitious in theory. According to a report released by the Pew Research Center, upper- and upper-middle class Americans describe themselves as happier, less stressed, and healthier than lower-middle class Americans. The research found that stress closely correlated with financial…