Category Archives: Money & Finance

Confederate Statues Fall, But Economic Racism Lingers

Cheers to New Orleans Mayor Mitch Landrieu, one of the first mayors to take Confederate statues down and to make the strong point that these statues represent nothing but oppression. You should check out the speech he delivered, in May, at More cheers to Baltimore Mayor Catherine Pugh who had statues removed in the… Read More »

Echoing Katrina, Harvey Threatens to Devastate Houston’s Black-Owned Businesses

It was just last May that Black Enterprise held its annual Entrepreneurs Summit in Houston. The city earned the reputation of the “next black business mecca,” and with good reason. The March/April edition of Black Enterprise magazine featured a quote from Houston’s mayor, Sylvester Turner, citing the reasons Houston is so opportune for black entrepreneurship:… Read More »

African American Income Disparities and Bridging the Gap

African American Income Disparities has gained widespread attention over the last decade in many publications. The root of the problem of income disparities may be solved by creating an early track for financial empowerment for future generations. Mr. Earl Graves of Black Enterprise in the past has called upon all African Americans to make a… Read More »

Who Is Responsible for Gentrification In HBCU Neighborhoods?

Gentrification. A term coined during the 1960s, it’s a concept that’s become hotly contested in recent years, described by Webster’s dictionary as “the process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces poorer residents.” The phenomenon has become a recurring theme across the country as… Read More »

Black Executives Are Losing Ground at Some Big Banks

Wall Street’s top bosses have pledged for years to boost diversity in their ranks. But the number of black people at some of the biggest U.S. banks is going in reverse. At JPMorgan Chase & Co., Citigroup Inc. and Goldman Sachs Group Inc., the percentage of senior black executives and managers fell over the past… Read More »

NAACP, Airbnb Partner to Promote Travel, Offer New Economic Opportunities to Communities of Color

The NAACP, the country’s original and largest social justice organization and Airbnb, the world’s leading hospitality company, today launched a landmark partnership that will help spread the economic benefits of home sharing to more communities. Under the new partnership, Airbnb and the NAACP will conduct targeted outreach to communities of color to help more people… Read More »