Friday, December 31, 2010

Oldest Black Church in Georgia Now Facing Foreclosure

 

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by Dr. Boyce Watkins, Syracuse UniversityScholarship in Action 

 

The oldest black church in DeKalb County had to recently shut its doors after facing foreclosure proceedings on its building. Flat Rock Community Church is 150 years old. According to Binita Miles, a senior pastor, the church is now having to deal with significant financial problems as a result of declining membership.
The church's mortgage is $6,500 and parishioners are now meeting in a local elementary school.


The challenges being faced by Flat Rock are being felt nation-wide. Quite a few black churches have found themselves to be victims of the recent foreclosure crisis and are working to find a way to pay the bills. African Americans at large were disproportionately impacted by the economic downturn and many of us are on the brink of homelessness. Not only do African Americans have the highest unemployment rates in America, we have less wealth to fall back on in the event of economic problems.

 

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Monday, December 27, 2010

Gap Between the Rich and Middle Class Keeps Growing

by Dr. Boyce Watkins, Syracuse UniversityScholarship in Action 

It turns out that the gap between the rich and the middle class is larger than it's been in recorded American history. Much of the growth in the gap is due to the recent housing crisis taking place over the past three years.
According to the Economic Policy Institute, the wealthiest 1% had an average net worth that was 225 greater than the average American. That's higher than the previous record, which was 190 times in 2004.
An intriguing aspect of the divide is that it occurred while the wealth of all Americans declined on average. The richest households lost 27% of their wealth between 2007 and 2009, while middle class Americans lost 47% of their wealth during the same time period. So, the growth in the gap was mainly due to the fact that the middle class and poor suffered more during the recent recession than the wealthy.

 

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Saturday, December 18, 2010

From AOL - Should You Be able to Sue Someone for Dumping You At the Alter?

Dominique Batitia: bride sues groom for leaving her at the altarWhat would you do if the love of your life up and left you days before your wedding? Well, you couldsue his butt off.
Dominique Buttitta, a lawyer in Chicago, is taking her ice-footed former fiancé to court for bailing on their big dayjust four days before the ceremony was supposed to go down. The jilted bride claims that by calling it quits, the groom "intentionally inflicted emotional distress" on her. She's reportedly seeking more than $95,000 from her ex -- money, she says, that she'd already spent on the wedding.
I think she may have a case, and not just because people sue for less than this every day. I've had neighbors sue other neighbors when their dog crapped on the lawn. Buttitta's fiance crapped on her life. Not only is she now being portrayed as a bitter, spurned woman, she's in the hole for a whole lot of zeros.
Planning a wedding is a big, long, intricate process. I know; I'm in the middle of planning mine. Pick up any issue of "The Knot" and they'll tell you: planning a wedding takes about nine months to a year. And those are a packed nine to 12 months of making lists, touring venues, tasting cakes and spending thousands of dollars in nonrefundable deposits. There's the dress, the rings, flowers -- Buttitta says she spent over $12,500 on those -- invitations, escort cards and a ton of other things that take up a whole lot of time and even more of your money. It's ridiculous.

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Friday, December 17, 2010

Black News: Woman Sues Tobacco Company and Wins $152M Verdict

by Dr. Boyce Watkins, Syracuse UniversityScholarship in Action 

Marie Evans grew up in a housing project in Boston. In those projects, the children in the neighborhood were given free samples of Newport cigarettes, which Marie first received at the age of 9. By the time she was 13, she was a regular smoker, and in 2002, she died of lung cancer.
Marie's family decided to confront the maker of Newport cigarettes for their negligent behavior and won a stunning $152 million lawsuit against the company. The judgement consisted of $81 million in damages and another $71 million that had been awarded earlier this week. It took quite a few years to get there, but justice has been served. This is the largest judgement in history against anyone in the tobacco industry.
"It was her wish to sort of bring this suit, and I've honored that wish. It's been my mission to see this to completion. I'm sure she feels vindicated. I'm sure she feels thankful for the 14 members of the jury that they ruled that they committed these offenses," said William Evan's, Marie's son.

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Thursday, December 9, 2010

Wesley Snipes Should Not Be Going to Prison

by Dr. Boyce Watkins, Syracuse UniversityScholarship in Action 

I've been sitting on the sidelines during the tax trial of actor Wesley Snipes, primarily because I didn't quite know what was going on. I wasn't sure if Snipes was guilty or innocent, since I've seen a lot of wealthy folks who've lived as if they were above the law. Part of me wants to believe that the justice system works if you're rich, so I figured that nature would simply take its course.
I took the time to watch Wesley appear on CNN to plead his case to the public. I was honestly skeptical, since I've rarely met a man on his way to prison who didn't try to convince me that he was innocent. In fact, I've received countless letters from prison inmates, many of whom want me to believe that they didn't do it. In most cases, I choose not to judge, but I know the game quite well.

 

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