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.
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