The Inland Empire (where I live) is one of the hardest hit (if not the hardest hit) in foreclosures. The latest trend I have been seeing here are ‘For Sale’ signs turning into ‘For Lease’ signs. After talking to an agent who has been out there pounding the pavement, now I know why. Apparently something […] ↓ Read the rest of this entry…
Here’s an interesting study I came across that examines how our attitudes can affect our finances. Published in the Journal of Consumer Affairs this summer, the study suggests that many of us tend to overestimate our creditworthiness and that when we do, we take less care of our finances. Author Vanessa Gail Perry, assistant professor […] ↓ Read the rest of this entry…
Hire ex-con in Philly, get $10K annual tax credit By KATHY MATHESON PHILADELPHIA (AP) — One-time thief Heber Nixon Jr. has filled out his share of futile job applications. All said being a felon wouldn’t stand in his way — but the promised calls from managers never came. He finally got a second chance when […] ↓ Read the rest of this entry…
House passes bill to sue OPEC over oil prices By Tom Doggett WASHINGTON (Reuters) – The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure. The bill would […] ↓ Read the rest of this entry…
The Slump: It’s a Guy Thing by Peter Coy Businessweek.com Men, concentrated in the weakest sectors, are losing jobs in this downturn, while women make gains They eat from the same dishes and sleep in the same beds, but they seem to be operating in two different economies. From last November through this April, American […] ↓ Read the rest of this entry…
Since writing a bulk of the post on the Black hair care and beauty industry back in 2006, BOBSA (Black Owned Beauty Supply Association) has made some additions to its services for those interested in entering this field. I am posting the following because I am still getting e-mails/comments from folks looking for advice on […] ↓ Read the rest of this entry…
In a recent conversation with a friend of mine, she was expressing her anger about how the Asian community “took away” our share of the Black beauty industry and that they should be made to reinvest some portion of their earnings back into the Black community. Interesting enough, I actually wrote about this very issue […] ↓ Read the rest of this entry…
7th Largest Black-Owned Bank Reports 37% Increase in First Quarter Net Earnings LOS ANGELES, CA (BUSINESS WIRE) – Broadway Financial Corporation (NASDAQ: BYFC), parent company of the 7th largest Black-owned bank in America Broadway Federal Bank, today reported first quarter net earnings of $607,000, or $0.32 per diluted share, up $163,000, or 36.71%, when compared […] ↓ Read the rest of this entry…
Living here in ground zero of the sour real estate market (Inland Empire), I can tell you that stories like the following are very common. Owners trash, strip their foreclosed homes Fixtures, cabinets, tubs, sinks, even stairways face wrath of dispossessed By Jerry Kronenberg Jack O’Leary has seen foreclosed homes where ex-owners put paint on […] ↓ Read the rest of this entry…
Three Chinese banks in world’s top four: study AFP Three Chinese institutions were among the world’s top four banks at the end of 2007 at a time when the market capitalisation of Western banks was suffering from a global financial crisis, a study showed Wednesday. The number one spot in the rankings, compiled by the […] ↓ Read the rest of this entry…
Pay special attention to the following quote that you will hear in the video: “Why pay a $3,200 payment on a 1200-square-foot home? It makes no sense,” Stephanie Valdez adds. “That’s what you agreed to do when you bought the house,” Kroft points out. “Fine. If the value is going up. But we’re not going […] ↓ Read the rest of this entry…
More in middle class using payday lenders Unless you have been in the situation where you needed the service of your local payday loan center, it is ridiculous to make the argument about how these operations are doing more harm than good. Here in California, all the information about your loan is posted in big […] ↓ Read the rest of this entry…
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