News

The Obama administration on Thursday highlighted initiatives in housing, education, the workforce and health care designed to help foster a better economic environment for African Americans as the nation continues to emerge from the financial recession.

National

The National Urban League‘s 38th annual “State Of Black America” report highlights that job creation in the country is of smaller benefit to Black and…

National

OSAWATOMIE, Kan. –President Barack Obama is taking aim at the nation’s income disparities, declaring that the middle class faces a “make or break moment.” He tells a Kansas audience that Republicans embrace a discredited “you’re-on-your own” style of economics. ALSO SEE: How Jerry Sandusky Played The New York Times All Eight Sandusky Accusers To Testify […]

National

Millions of American school children are receiving free or reduced lunches for the first time as America’s economic downturn has left many middle-class families struggling to make it. See also: California Schools Move Ahead With Healthier Meals Despite Backtrack In Congress The number of students recieiving subsidized lunch rose 17 percent since the 2006, according to […]

National

While America’s economic downturn has been devastating to the middle class as a whole, middle-class African-American government workers have suffered disproportionately in terms of layoffs and unemployment. See also: First Black American Billionaire, Proposes Plan To Reduce Black Unemployment About one in five black workers have public-sector jobs, and according to economists and recent government data, tens […]

National

As the sluggish American economy continues to limp forward, many Black Americans from the public sector are getting pink slips. These layoffs are eroding much of what is left of the Black middle class.  A recent article in The New York Times says: “Jobless rates among blacks have consistently been about double those of whites. […]

National

With the economy failing day by day and speculation coming nearly every angle, it may sometimes become difficult for some of today’s youth and young adults to grasp hold of what’s happening in the world on their own. Not saying those who didn’t come from the baby boomer generation are not capable of researching the […]

National

Imagine your house is burning. You call the fire department but your call isn’t answered because every fire fighter in town is debating whether there will be enough water to fight fires over the next ten years, even though water is plentiful right now. (Yes, there’s a long-term problem.) One faction won’t even allow the […]

National

A new study reveals that Hispanics and not African-Americans have been hit the hardest during the recession. The study, released by the Pew Foundation with data collected from the Census Bureau, indicates that Hispanics have had the largest wealth decline of any group since the country went into a recession. Hispanics households median wealth declined […]

National

New York — Peter S. Goodman at The Huffington Post has written an article on the effects of the recession on Black America in comparison to its affect on white America. Among white people, the unemployment rate dropped in December to 8.5 percent — hardly acceptable, but manageable were the government spending more to expand […]

National

Avoid the pitfalls of the recession and find out who's really after the money in your pockets.

National

When it comes to saving for the future, women, African-Americans and Latinos in general had fallen behind before the recession hit. In a recent survey 54 percent of respondents reported having less than $25,000 in total savings and investments, excluding their home or workplace pension, if any. Some 27 percent said they don’t have even […]