Sacramento Observer
OPINION – Since the passage of Proposition 209 in 1996, consideration of ethnicity in the areas of public education, employment and public contracting has been banned. This has had a chilling effect on minority business enterprises. According to a 2006 study, only one-third of the minority businesses certified to contract with the California Department of [...]
WASHINGTON – A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit report accuracy found that [...]
WASHINGTON – Hundreds of Black-owned businesses have a new way for consumers to find and shop with them. There is an app for that. The Around the Way app, the brainchild of a marketing and technology firm in Washington, D.C., allows the customer access to companies that are at least 51% African-American owned and employed. [...]
WASHINGTON – Whites had an average wealth of $632,000 in 2010 while Blacks had about $98,000 and Hispanics had $110,000, according to a recent study by the Urban Institute. “Such great wealth disparities help explain why many middle-income blacks and Hispanics haven’t seen much improvement in their relative economic status and, in fact, are at [...]
WASHINGTON – Social Security changes proposed by Obama could hurt Blacks more than other groups, a new report by the Center for Global Policy Solutions finds. In this fiscal year 2014 budget, President Obama proposes switching the way benefit programs such as Social Security and civil service retirement adjust for inflation to the chained consumer [...]
NATIONWIDE – According to the data found in a new report, “The Buying Power of Black America,” Black consumers have shifted their priorities and preferences. With the nation slowly recovering from recession, businesses need to develop strategies for regaining and increasing their share in the Black American economy. Black consumers now represent the margin of [...]
HOLLYWOOD — It happens every now then. A television show so hot that fans wait with bated breath for it to air each week. The next day it is a major topic of discussion in offices, in beauty salons, on the Internet, etc. And, of course, the show’s ratings are in the stratosphere. Such is [...]
WASHINGTON – In many ways, the route Bonita Rex took to college is not unusual. After graduating from high school in 2007, family issues forced her to delay enrolling in college. Two years later, thanks to Pell grants and an improved family situation, she enrolled in the Community College of Philadelphia with a focus on [...]
WASHINGTON – President Obama’s fiscal year 2014 budget focuses on job creation, strengthening the middle class, and cutting the deficit. Those are the overall themes of the proposed budget, which seeks to reduce the deficit by $4 billion, President Obama sticks with his State of the Union promises to raise the minimum wage to $9 [...]
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 recent report by the Center for American Progress, a nonpartisan think tank in Washington, D.C. The report titled, “Making Sure Money Is Available When [...]
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