Money Matters: Another Economic Downturn on the Way?
Feb04

Money Matters: Another Economic Downturn on the Way?

Gov. Jerry Brown expressed caution when looking at the state of California in his recent State of the State address to lawmakers. While some African American legislative leaders are advocating to restore dollars for programs cut in past years, Brown is asking lawmakers to focus on current liabilities and building the rainy day fund. He said, over the next three years, there could be a possible downturn of as much as $55 billion in state revenue. Brown’s warning of economic scarcity comes when the state boasts of a budget surplus of an estimated $6 billion and a state GDP of some $2.3 trillion.

“Since the Second World War, we have experienced 10 recessions, none of them expected or accurately predicted,” cautions Brown. “Economists are unable to pinpoint when a recession will begin or how long it will last.” For African Americans, many unemployed, underemployed and living in some of the most economically depressed regions of the state, a recession of that magnitude would be dire.

 

Dollars and Sense with Bob Blake
Feb04

Dollars and Sense with Bob Blake

You’ve heard the age old saying, “An ounce of prevention is worth a pound of cure”, but it couldn’t be any more appropriate with El Nino looming, and when it comes to flood preparedness. All it takes is a few inches of water to cause major damage to your home and its contents and believe it or not everyone lives in a flood zone–it's just a question of whether you live in a low, moderate, or high risk area. L.A. is not immune. In 1938, a pair of Pacific storms bringing abnormally high rainfall—causing the Santa Ana, Los Angeles, and San Gabriel Rivers to burst their banks — resulted in the loss of more than 100 lives and upwards of $40 million in damages. The Baldwin Hills dam collapse of 1963 released 250 million US gallons of water on surrounding neighborhoods resulting in five deaths and the destruction of 277 homes.

 

Dollars and Sense with Bob Blake
Jan12

Dollars and Sense with Bob Blake

I’m the man they call. Someone dies. Someone’s short on cash. Someone’s house burns down. Someone get’s injured on the job. Someone’s about to go bankrupt. In short, they usually call me when someone is in trouble.
Of course, there are those who call me because of the circles I run in or because they’ve seen me at some upscale, posh political fundraiser. But mostly, I see people at the worst time in their lives. The problem is they usually call me too late. So right about now you’re wondering who I am and who’s calling me. My name is Bob Blake and I’ve built one of the most successful multi-million dollar insurance agencies nationwide dealing mostly with municipal and public sector.

 

Entrepreneur’s Queens Of Africa Dolls Outselling Barbie In Nigeria
Jul03

Entrepreneur’s Queens Of Africa Dolls Outselling Barbie In Nigeria

With blue eyes, blonde hair, long eyelashes, a slender figure, pale skin and features that promote unrealistic beauty standards, Mattel’s Barbie doll is fighting to remain No. 1 on children’s wish lists.

And now that the Queens of Africa Dolls are gaining traction, Barbie, whose sales have been slumping for the past three years, has some fierce competition.

In 2007, when Taofick Okoya, CEO of Fico Solutions Ltd and creator of Queens of Africa Dolls, was in search of a gift for his niece and was unsuccessful, he decided to take matters into his own hands. The result was designing a line of inspirational ethnic dolls.

May14

For-Profit Colleges Burying Low-Income Students In Debt

For-profit universities have expanded rapidly since the nineties, but in recent years the postsecondary education institution has come under fire for targeting low-income students and military veterans in order to line their pockets.
There’s growing concern that students, who enroll in schools including DeVry Institute and University of Phoenix, are ending up saddled with student-loan debt as high as six figures—and not to mention a completely worthless degree.
“I got taken advantage of, and now I’m struggling to pay the bill for it,” said Chelsi Miller, a single mother from Salt Lake City who graduated from Everest College with $30,000 in student loans. She later learned state universities wouldn’t take her credits from the online university.

 Renowned Economist Urges African Americans To Change Spending Habits
Apr09

Renowned Economist Urges African Americans To Change Spending Habits

With the actual unemployment rate of Blacks in America over 50 percent, the nation’s economy must turn around and produce more jobs if Blacks have a chance of survival,” wrote economist Dr. Claud Anderson, who notes that today “blacks spend approximately 95 percent of our income outside of our communities. Only two percent remains in black hands inside the black community.”

Anderson’s comments reflect deep concerns that despite high black unemployment, black America’s buying power just keeps on growing—and not in the right direction.

First Ladies High Tea
November will mark the 20th Anniversary of our Annual First Ladies High Tea, honoring the contributions of female leaders and women of faith to the Los Angeles community. For more information, visit www.firstladieshightea.com
Avatar02
Dubbed the "Bible of the gospel music industry", the gospel roundup is the most comprehensive resource for information on the business of gospel, from exposure and where to find it to gospel’s top 100 artists, producers, radio stations, megachurches and navigating the gospel network. For more information, click here or visit www.gospelroundup.com.
Click To View Our Latest Issue!