Money & Finance
Minorities’ retirement plans hit hard in tough economy
Continued economic uncertainty has led many workers to dip into their retirement savings, but minorities have been the hardest hit, according to a report by the Ariel Education Initiative (a nonprofit affiliate of Ariel Investments) and the human resources company Aon Hewitt. Even more so than their Asian and white counterparts, African-American and Hispanic employees [...]
As Unemployment Dips, Bridging Wealth Gap Remains Critical
Thousands of African American workers are finally experiencing some economic relief with a slight decline in last month’s unemployment rate from 14 percent to 13 percent in the Black community. But we can and must do better to rebuild an economy that works for everyone—not just the richest 1% and tax dodging corporations who refuse [...]
SEC: 11 illegally sold stock with Haiti promise
Federal regulators say 11 people exploited a disastrous 2010 earthquake in Haiti to illegally sell stock in a U.S. company that they told investors would build homes in the devastated country. The mastermind of the scheme was Kevin Sepe of Miami, the Securities and Exchange Commission said Wednesday. Sepe and five others agreed to pay [...]
Education vs. the lure of pro basketball
As a father, my heart breaks. The starting five of the University of Kentucky basketball team — the 2012 NCAA champions — announced earlier this month that they’re leaving college to go pro. It happens every year in the wake of March Madness, but as an African-American father, I feel my heart crack a little. [...]
Study: 40 Percent Of NC Waiters Racist Toward Black Customers
A study conducted by researchers at North Carolina State University found that approximately 40 percent of wait staff decide how they are going to treat patrons based on their race. The official study, “‘Because They Tip for S***!’: The Social Psychology of Everyday Racism in Restaurants,” and its controversial findings garnered national attention when they [...]
