By JasmineHughes
In a time where it seems most businesses are on the decline, hair salons are on the rise. The Census Bureau recently noted their jump in an otherwise glum report about mom-and-pop businesses, stating that the number of hairdressers and barbers and the shops that employ them grew by about 8 percent from 2008 to 2009.
By JasmineHughes
In light of the economic downturn, female college students are taking matters into their own hands. Now instead of working in McDonald’s, or shops for $8.00 an hour, many are finding it quicker and easier to seek older men and provide sex in exchange for tuition money.
by George James
The summer is a time for warm weather, vacation, family reunions and weddings. Many couples plan their wedding during the summer and fall months. Planning a wedding can bring a lot of stress and drama to the couple. From deciding when and where to get married, to working on the guest list and to figuring out how you will pay for the wedding. Stress and drama can also come from what other people want for your wedding and from handling major conflicts such as faith, money or where to live after the wedding. It is possible to get the wedding you want and not have any drama, even with all the possibilities leading up to the wedding.
Tonight’s the big showdown – wonder who’s going to get the last punch?
Professor, Syracuse University
Posted: 05/ 8/11 03:51 PM ET
President Obama has a problem, a very serious one. The president's problem is what I would call "The Great Black Disconnect." This divide is the place where black America's love and appreciation for the Obamas disconnects from the intense economic suffering of the African American community. Like a festering and infected wound that remains untreated, President Obama's support within the black community is threatened by the fact that the people who love him most are suffering unlike anything our nation has seen over the last 50 years.
This week, the Bureau of Labor Statistics released its unemployment numbers for the month of April. The figures were consistent with the jobless recovery that has taken good care of Wall Street, but created homelessness on Main Street. The national unemployment rate grew from 8.8 percent to 9 percent, which will surely perpetuate President Obama's somber ratings on economic performance.
Oprah Winfrey has fired the CEO of her network. Is this a sign of desperation?
by Brook Griffin, Your Black World
Last week, when President Barack Obama released his long-form birth certificate, he silenced many of the critics, birthers, who didn’t believe that he was born in the United States. Now, the birth certificate controversy has been replaced by another one: whether or not Osama Bin Laden is actually dead.
"Jumping the Broom" is like a Tyler Perry movie with polish.
The ensemble comedy is about a wedding involving a bride from a family of wealthy African-American professionals and a groom from a family of working-class Brooklynites. It is well-cast, well-played and passably written.
by Dr. Boyce Watkins, YourBlackWorld.com, Scholarship in Action
I took a look at an ABC News picture of President Barack Obama sitting in a Situation Room with lead advisers watching the assassination of Obama bin Laden. Everyone had a tense look on their face, as 10 years of hard work suddenly came down to the wire. I couldn’t help but notice, as I scanned all the faces across the room, that there were only two women present (Hillary Clinton and another woman in the back), and one bi-racial black man (President Obama). Every other person in the room was a white male.
What startles me the most is that millions of other Americans can look at this picture and see absolutely nothing wrong with it. The “white guy’s club” has always been the status quo in leadership positions.
In the conversation below, I interview Squeaky Moore and Ashley Shaunte, two aspiring filmmakers who’ve been able to make fatherless homes into a viral topic on the Internet. Their short public service video on the topic has drawn hundreds of thousands of viewers, primarily because the idea of being without a dad has such a profound emotional impact on us all.
Your Black World reports
A recent report by the Economic Policy Institute has revealed that the economic situation for African Americans is disproportionately bad for the state of Michigan. According to the report, African Americans in Michigan have had an unemployment rate above 20 percent for every quarter since the start of 2009. Their 2010 annual unemployment rate was 23.4%. White Michigan residents currently enjoy an unemployment rate of only 9.5% for last quarter.
The conditions are so bad that the lowest black unemployment rate since 2008 (12.2%) is only slightly lower than the highest unemployment conditions experienced by whites in Michigan (12.7%). So, their terrible times are our good times and our horrible times don’t get attention from political leaders whatsoever.
Perhaps we don’t live in a post-racial America after all, since the unemployment picture is clearly different for blacks and whites.
by TEWire
Special to the Trice Edney News Wire from the Afro American Newspapers
Originally posted 4/27/2011
Only two out of every 10 African-Americans are on a path to achieve their retirement goals, according to a six-month-old survey of Blacks conducted by a major wealth manager.
Gasoline prices are skyrocketing — and so are oil company profits.
Exxon Mobil Corp. earned nearly $11 billion in the first three months of the year, a rollicking 69% increase over its performance for the same period last year. That's on sales of $114 billion.
It's the same story for the other big oil companies. Royal Dutch Shell turned a profit of $6.3 billion in the first quarter, and BP — despite lingering costs from the Gulf Coast oil spill— made $7.1 billion.
The Obamas celebrate Easter Sunday at the historic Shiloh Baptist Church in Washington, DC.
by Dr. Boyce Watkins – YourBlackWorld.com
The first decade of the new millennium brought a lot of things that the world didn't expect: the ability to order a pizza on your home computer, cell phones that allow you to talk to your friends face-to-face, and our nation's first black president.
One other unexpected event of the last decade is the disappearance of a century's worth of progress in reducing the wealth gap between black and white Americans. AsRex Nutting at Market Watch so accurately notes, wealth levels of the black family in America have declined dramatically during the past decade, and they show no evidence of getting better any time soon.
According to Nutting, "In a country where access to capital is everything, most blacks have nothing."
First, Nutting mentions that African Americans have the highest unemployment rates in the country, which stand at an average of 16.5%, compared to 9% for whites. What is most daunting is that soaring black joblessness, combined with higher foreclosure rates, bankruptcies, and declining home values have seriously cut into the wealth of the black family in America. in other words, we are the first to lose our jobs, have the least wealth to protect our families when times are tough, and a greater reliance on declining home equity as a source of economic security. This economy has provided the perfect storm of black economic destruction.
According to Nutting, the median net worth for black households dropped from $9,300 in 2007 to $2,200 in 2009, much lower than the median wealth of $98,000 for white households. He also mentions that incomes dropped in black homes by 7.2% between 2007 and 2009, much greater than the 4.2% decline for white families.
Nutting's article reminds us that the United States has a long way to go when it comes to wealth distribution. Over 80% of the nation's wealth is controlled by just 20% of its citizens, and the richest 1% of Americans controls one-third of the nation's wealth. Roughly 40% of Americans have no wealth at all. African Americans are disproportionately represented in the group of Americans with zero or negative wealth, which is a problem that most of our elected officials are inclined to ignore, and something that our nation's citizens don't spend much time getting upset about.
Nutting is correct to mention that most Americans have their wealth tied up in their home values. So, when home prices dropped so dramatically during the economic downturn, this led to the wealth of many black families disappearing as quickly as it had arrived. Most of the economic disparities in the United States don't exist because whites are more responsible with their money or possess economic intelligence that black people don't have. The primary reason for the gap is that for hundreds of years, African Americans added to our nation's net worth, but were not being properly compensated for it (similar to how the NCAA operates). Being left out of the growth of America's economic engine has kept African Americans at the bottom of the ladder of institutional opportunity: Our school systems are not well-funded, we can't find jobs because we don't own the businesses that take applications, and we continue to be utilized as for-profit commodities by the prison industrial complex.
According to Nutting's research regarding the Survey of Consumer Finances, black families were three times wealthier (in real terms) in 1983 than they were in 2009. As white families saw their net worth grow from $124,000 in 2001 to $143,600 in 2007, blacks actually saw their net worth drop from $12,500 to $9,300. By 2009, white families saw their wealth levels drop to $94,600, but African Americans's levels dropped even more to $2,200. So, between 2001 and 2009, African American families went from having a disgraceful one-tenth of the wealth of white families to an even more horrific ratio of one-fiftieth.
I am not sure how to process the Obama Administration's blind, deaf and dumb response to the persistent wealth and opportunity gaps in America that pertain to race. While the president continues to be popular among African Americans, I would encourage members of his administration to remember that leading with courage is an important part of making African American history (not just holding a fancy title that adds almost nothing more than symbolic value for the black community at large). Courage means sometimes doing things that are not popular and working to make America better.
Given that I haven't heard the president or his team use the words "black man," "black woman," or "black families" in public over the last two years, I am concerned as to whether or not our first black president has been or is willing to do much to fight on issues that matter to black people who didn't go to Harvard University. For example, it's interesting that President Obama would speak up for Henry Louis Gates in a meaningless and ambiguous scuffle with a police officer, but wouldn't say a word about Kelley Williams-Bolar, a black woman who was sent to jail for trying to get her kids into a good school. The latter case was far more significant in the fight against inequality, but Kelley's housing projects were apparently not close enough to Harvard Yard.
There is the added complication that perhaps, because of being a black man, President Obama could "get in trouble" with white voters for advocating on issues that matter to African Americans. This argument has been used by supporters of Hillary Clinton, who might be far less sheepish or self-conscious about advocating for women and minorities. I'm not sure if the Clinton supporters are correct, but the last two years have made many African American families wonder if it even matters who sits in the White House.
It turns out that Oprah Winfrey is partnering with CharityBuzz to auction off her quality time. The expected running price is going to be $50,000. Would you pay that much to meet with Oprah if you had the money?
The money is being raised for human rights and Oprah is auctioning off four tickets to her show in Chicago and the chance to meet her backstage. Perhaps since it’s for charity, it all makes sense.
Dr. Boyce Watkins, Your Black World
Mo’Nique and her guests seem to think that black women work too hard to take control in their relationships. In the video below, Mo’Nique goes into what women need to do in order to keep a man happy in a relationship. Her disposition seems to imply that black women have been taught to be too independent and this leads to the breakdown of their relationships.
by Dr. Boyce Watkins, Syracuse University – Scholarship in Action
What is your name, and what do you do?
My name is Stephanie Espy, and I'm the founder and president of MathSP (www.MathSP.com). MathSP is a math enrichment company that helps individuals to improve their math skills. Based in Atlanta, Georgia, MathSP provides instruction to middle school students, high school students, college students, adults who need additional math-based resources alongside their coursework, and students who need an added challenge beyond their coursework. MathSP also prepares individuals for the math section of various standardized tests such as the SAT or ACT, computer-adaptive exams such as the GMAT or GRE, and state exams such as the EOCT or GHSGT.
by Dr. Boyce Watkins, Syracuse University – Scholarship in Action
Media superstar and modeling-model Tyra Banks recently announced that she's headed to the Harvard Business School. While it's still not clear if she's getting an official degree (I assume its a short-term executive education course; I can't imagine someone with her experience and schedule taking too much time off for school), one has to be impressed with her decision to continue educating herself. Some might think that education is simply a thing you tolerate long enough to make money to support yourself. Nothing could be further from the truth, since learning should be a lifelong process.
"I started last summer and I didn't really talk about it. It was very incognito, my name and everything, but I decided to talk about it [now]. I think it's a positive thing, especially for girls to see that you can still continue to educate yourself and you can still be fabulous and fierce and celebrate your femininity," Tyra said to MTV News.
by Dr. Boyce Watkins, Syracuse University – Scholarship in Action
I watched with extreme curiosity as the great Iyanla Vanzant emerged again on the Oprah Winfrey show after being gone for a full 11 years. I wasn't entirely connected to the feud between Winfrey and Vanzant, primarily because we don't think much about people that we haven't seen in over a decade. Of course Oprah is on everyone's mind, and even those who don't follow her seem to know everything she has been up to.
As the guest came to the stage, even a man from Mars could tell that there was latent mega-beef between Oprah and Iyanla. Both women seemed to overcompensate when it came to doing all they could to prove that the past was the past and that everything was OK. But the tension was so thick that it seemed to suck the oxygen out of the room.
by Dr. Boyce Watkins, Syracuse University – Scholarship in Action
Most men know how expensive Valentine's Day can get. Someone decided that spending money is somehow a translation to showing love, which is an interesting misguided relationship philosophy. Valentine's Day is one of the most over-hyped holidays known to man, with advertising starting right after Christmas. Any man in a serious relationship is well-aware of the pending doom of his social life if he doesn't flex his wallet at least a little bit on that special day.
According to the National Federation's 2010 Valentine's Day Consumer Intentions and Actions Survey, over $14 billion is spent on Valentine's Day related purchases. This is roughly $103 for every single man, woman and child in America. Yes, the hype has real economic consequences.
by S. Tia Brown, Essence.com
First let me say this: I am single. However, just like you don't have to smoke crack to tell "rockheads" don't do it... well, you get the rest.
Second, I'm an avid, calendar-clearing, repeat-watching fan of the "Real Housewives of Atlanta." You know the type. I text my girls during the commercials. I feel like I know the "ins and outs" of the cast intimately. And, occasionally I pass judgment on their decisions.
With those two details out the way, it's time for my third assertion: When it comes to marriage, particularly to an entrepreneur, it can't always be tit for tat. Over the last few weeks I've watched Cynthia Bailey's now husband, Peter Thomas, try to pull out the dagger ripping his heart apart as his business -- their family's bread and butter-- revenue dropped lower than NeNe Leakes' cleavage line. Thomas shared his woes about picking up the pieces. Bailey worried about financing their wedding. Thomas grew angrier about not getting investors. Bailey balled about being owed her investment in his business. Thomas was forced to close his restaurant and rebuild. Bailey cried about not going on a honeymoon. All I kept thinking is, "where dey do dat at?"
by Sil lai Abrams – Sepiaprocess.com
When times are difficult for us financially, we can become paralyzed by fear. As the fear grows in our mind we often get stuck focusing on the problem and not actively searching for a solution. Our attention becomes fixated on our creditors and as we look at our mountain of debt we can become weighed down in despair and shame. “I’m never going to get through this” or “This is more than I can handle” begins to play on a constant loop in our brain. Some of us respond to our problem with denial. Instead of facing our lack of money, we spend as if we have unlimited resources, compounding our original financial instability. Or, we may isolate from others and numb ourselves with food, alcohol or television. Sometimes we avoid dealing with our situation by throwing ourselves into a relationship that takes up all of our time. None of these counterproductive behaviors do anything to bring us closer to a solution. They only keep us stuck in our problem by postponing or delaying our eventual day of financial reckoning.
Click here to listen to Dr. Boyce Watkins discuss whether or not college is a good investment during a recession.
by Dr. Boyce Watkins, Syracuse University – Scholarship in Action
In a very compelling article, The Economist Magazine stepped away from its standard delivery of international political updates to dig deeply into the experience of the African American woman. In the article, economists analyze dating for black women as a market, where men and women enter the market to search for a suitable mate.
The author starts off with a simple example to help make his point. He says "IMAGINE that the world consists of 20 men and 20 women, all of them heterosexual and in search of a mate. Since the numbers are even, everyone can find a partner. But what happens if you take away one man?"
Then, citing the work of Tim Harford, an economist in England, the author says that because one out of the 20 women faces the possibility of never finding a husband, she tries harder to get a man, perhaps by dressing more seductively or doing things the other women might not do. She may even steal a man from someone else. This then affects what other women do to find and keep their own men, and also the behavior of the men themselves.
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