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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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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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Unemployment Reaches Lowest Point Under Obama

By Freddie Allen NNPA Washington Correspondent WASHINGTON (NNPA) – After receiving poor marks for his performance in his nationally-televised debate with Republican presidential nominee Mitt Romney, President Obama received a much-needed boost from the Bureau of Labor Statistics’ report showing that unemployment fell to 7.8 percent in September, the lowest it has been in nearly four years. The September rep ...

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Chicago is The Ultimate “Too City”

By Marshall Hatch, Senior Pastor New Mount Pilgrim Missionary Baptist Church [caption id="attachment_1395" align="alignleft" width="300" caption="Left to Right Kenneth Ayers, Ke'nya Ayer And Jacorey Allen"][/caption] Chicago is fast reclaiming the title of America ’s capital of murder and mayhem.  In the last three weekends, the city had over one-hundred shootings and eighteen murders. Chicago has becom ...

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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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