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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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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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Blacks and Hispanics Lost $1 Trillion in Home Equity

By Charlene Crowell NNPA Columnist Among the 10.9 million homes that went into foreclosure between 2007 and 2011, more than half of the “spillover” cost to nearby homes have led to a $1 trillion loss in home equity for African-American and Latino families., according to a new report by the Center for Responsible Lending titled, “Collateral Damage: The Spillover Costs of Foreclosures.” The report said, “Fami ...

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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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Discover Card Must Refund 200$ Million for ‘Deceptive’ Marketing

By Charlene Crowell NNPA Columnist For the second time this year, the Consumer Financial Protection Bureau (CFPB) has taken strong enforcement steps against deceptive marketing practices. Through CFPB’s joint enforcement action with the Federal Deposit Insurance Corporation (FDIC), more than 3.5 million consumers with Discover Card accounts will receive approximately $200 million. Restitution will be awarde ...

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SHOW ME THE MONEY: The Black Vote Again Being Taken For Granted

By Cloves Campbell NNPA Chairman There are less 100 days until voters throughout the country cast their votes for the next president of the United States of America as well as candidates for U.S. Senate, the House of Representatives, state legislatures and city councils. The campaign war chests for President Obama and Mitt Romney total almost $3 billion! However, as of this writing, not one dollar has been ...

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Black Economic Dysfunction

By James Clingman NNPA Columnist Amazingly, Black folks in this country still don’t get it.  After all we have been through and after everything we have accomplished, prior to and after integration, our relative collective economic position in America has changed very little.  In some cases we have regressed in terms of ownership of land, from some 20 million acres of land (31,000 square miles) in 1910; and ...

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Diddy’s Son Defends Acceptence of UCLA Football Scholarship

Justin Combs, son of hip-hop mogul Sean “Diddy” Combs, took to Twitter this week to defend his full scholarship to UCLA, which the school confirmed this week. Many in cyberspace are questioning whether the multimillionaire’s son should have accepted the $54,000 football scholarship, given the school’s economic troubles. But the 18-year-old said he earned the scholarship. “Regardless what the circumstances a ...

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Student Loans Plus Limited Job Options Equals Trouble

By Akeya Dickson Washington Correspondent NNPA News Service WASHINGTON (NNPA) – When she graduated from the University of Iowa two years ago with a major in elementary education, Amber Newman envisioned standing in front of a class of bright, energetic youngsters and providing them with the solid educational base that would help them become successful in the upper grades as well as later in life. . But when ...

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