“An Orlando bank called Urban Trust Bank and owned these past three years by Black Entertainment Television (BET) founder and billionaire Robert Johnson is coming to the Tampa Bay area. The bank, which already operates branches in Walmart stores, is buying seven of the giant chain’s in-store bank branches from Atlanta-based SunTrust Banks. They include […] ↓ Read the rest of this entry…
“We have one person running the show here. He (the President) keeps saying we want small, fuel-efficient cars. But this week when the car numbers came out: Number 1. Ford F-150. Number 2. the Silverado. I didn’t even see the Prius on the list. But he knows what WE want.” Charles Payne on his recent […] ↓ Read the rest of this entry…
Randi Payton is the President & CEO of On Wheels Media. His company produces the magazine “African-Americans On Wheels”. Here is what he said recently in a NY Times article. “In many cases, the Big Three have provided more support to minority businesses, nonprofits’ causes and media than the federal government. Many of its minority […] ↓ Read the rest of this entry…
My IT background is coupled with years spent dealing with the customer directly. I have been the guy on the other end of the phone to help you with your PC/Internet conectivity issues. I have also been the guy who both managed and help build technical customer support centers. So for me helping people was […] ↓ Read the rest of this entry…
Okay, walk with me on this for a minute. Who is Jeff Immelt? “He is the current chairman of the board and chief executive officer of the U.S. based conglomerate General Electric. He was selected by GE’s Board of Directors in 2000 to replace John Francis Welch Jr. (Jack Welch) following his retirement. Previously, Immelt […] ↓ Read the rest of this entry…
‘memba dis? A computer-engineering employee fired from troubled mortgage giant Fannie Mae is accused of preparing a malware computer time bomb which had it not been detected, might have destroyed millions of files, according to reports. Now dis? Police Found Freddie Mac CFO Dead by Hanging What are the chances both of these incidents happening […] ↓ Read the rest of this entry…
The Mavelettes sing “My Daddy Knows Best” From wsj.com For those who depend on taking out a loan in advance of a paycheck, life may soon get harder if Congress passes the Payday Loan Reform Act. The bill’s sponsors, which include Rep. Luis Gutierrez (D., Ill.), say they want to clean up abuse in credit […] ↓ Read the rest of this entry…
Illiquid Assets. When government continues to change the rules of the game, investors get nervous and begin to either sell their investments or stay out of the market altogether until government makes up its mind. This is why what Timothy Geitner did the other day was just insane. You do not make a major announcement […] ↓ Read the rest of this entry…
Let’s start with this article~ Caterpillar to lay off 5,000 as 4Q profits plummet Now why do you think that any company would lay off their workers? Answer: Because either the demand for their product has gone down, the cost of doing business has gone up or both. For Caterpillar, both scenarios applies. The article […] ↓ Read the rest of this entry…
bizjournals.com Wal-Mart Stores Inc. plans to lay off up to 800 workers at its Bentonville, Ark., headquarters, the company said. Citing “unprecedented times,” Wal-Mart Stores President and CEO Mike Duke said in a memo distributed to employees Tuesday that workers would learn in the coming weeks about changes to “align our staffing and organizational structure […] ↓ Read the rest of this entry…
Just heard from my neighbor last evening that his due to some restructuring plans with his employer, they will be moving ASAP out of state. That now brings the total amount of empty homes in our cul-de-sac to 6 out of 10 homes total. Just got the official word from Gov. Schwarzenegger that our tax […] ↓ Read the rest of this entry…
“The Ebony Experiment exists because we are not doing enough as a community to support Black business. The plight and potential of Black entrepreneurs and professionals are virtually absent from the national dialogue. We believe they are key to creating and stimulating long–term wealth in Black communities… because Black businesses create the most Black jobs, […] ↓ Read the rest of this entry…
Let’s take a quick stroll down the halls of history for a minute. The cotton gin Eli Whitney’s invention of the cotton gin revolutionized the cotton industry in the United States. Prior to his invention, farming cotton required hundreds of man-hours to separate the cottonseed from the raw cotton fibers. Simple seed-removing devices have been […] ↓ Read the rest of this entry…
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