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Payday Lending Drains Nearly $1 Billion from Communities

One of the worst ironies of the nagging economic recession is that consumers with the fewest financial resources have lost the most. Now, a new report finds that payday loans not only strip much-needed income from low-income families, but harms the economic viability of the communities where they operate, draining nearly $1 billion a year. Written by the Insight Center for Community Economic Development (In ...

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Diddy Tops Forbes Richest in Hip-Hop List, Jay-Z in Second Place

Sean “Diddy” Combs ranks No. 1 on this year’s Forbes Five, the magazine’s list of hip-hop’s wealthiest artists, with an estimated net worth of $580 million. The bulk of the Bad Boy Records founder’s wealth comes from non-musical ventures, namely his deal with Diageo’s Ciroc. The agreement entitles him to eight-figure annual payouts and a nine-figure windfall if the brand is ever sold—and Ciroc’s value has n ...

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White Media Masqerading as Black

By Raynard Jackson NNPA Columnist Reince Priebus, chairman of the Republican National Committee, released his long awaited report last week called the Growth and Opportunity Project.  It is basically a post mortem of last November’s election results and lessons learned. The report stated the obvious: The Republican Party had problems with key demographic groups such as Blacks and Hispanics. To address this ...

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Falling Off The Fiscal Cliff

By James Clingman Falling off the Fiscal Cliff Will we jump from the cliff?  Congress and the president will determine whether we fall, jump, or back away from the cliff.  While I trust they will get together and make the right decision, I think we should be prepared for the worst case scenario.  How do we prepare?  First of all, learn what the fiscal cliff and its implications are for your personal economy ...

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Budget Cuts Should Protect the Safety Net

By Marian Wright Edelman NNPA Columnist Americans committed to keep moving forward turned out in record numbers to vote in the battleground states. But we won’t be able to go forward until Congress sits down and makes the hard decisions to create a just budget that invests in children, our poorest group of Americans, and creates jobs for their struggling parents while making sure those who have benefited fr ...

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To Shop Digitally or Not?

By Cheryl Pearson-McNeil NNPA Columnist Last year, when my favorite bookstore closed its doors forever, I actually sat in the car and shed a tear. Not as many tears when the record store closed. And I haven’t even stepped foot into a brick and mortar travel agency in more than 10 years. But, has anyone noticed that these once stable sources for browsing, longing and dreaming have gone by the wayside? What? ...

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Student Loans Cause 36 Million to Drop Out of College

By Charlene Crowell NNPA Columnist According to a new report, since 2009, 36 million Americans have attended college without earning a degree. Consequently, 850,000 individual private loans valued at more than $8 billion are now in default. With high and variable interest rates, these loans can cost students more in repayment than the actual cost of tuition. From 2005 to 2011 alone, private student loan deb ...

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Black Unemplyment Still Needs to be Addressed

By Julianne Malveaux NNPA Columnist The problem with having a deadline at the end of the week, is that you miss the opportunity to weigh in on things, such as an election, that happens on a Tuesday.  It is almost torture when you consider the possibilities  face us on November 7 and beyond.  I am hoping that President Obama can pull it off, but I am cognizant of the numbers that suggest that Willard is nipp ...

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ASPIRATIONS: The Birds, the Bees… and Credit?

By Michelle Thornhill NNPA Columnist Turning 18 opens up a world of opportunity for your children. How well informed they are about new opportunities can make all the difference in their ability to make smart decisions. For many teens, opening their first credit card account is exciting. The freedom of not relying on Mom and Dad for money is alluring. However, children generally lack the foresight required ...

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Oprah Winfrey Network Strikes Exclusive Multi-Year Partnership with Tyler Perry

The Oprah Winfrey Network (OWN) announced on Oct 1, an exclusive partnership with Tyler Perry, the award winning actor, director, screenwriter, playwright and producer, to become his singular destination for all new television series and projects, including two new scripted series for the network to premiere in mid 2013. These will be the first original scripted series for OWN, and Perry will executive prod ...

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