Business

Phantom Demand: Payday lenders create their own demand with loan terms that generate rapid re-borrowing

Friday, 10 July 2009 16:09

Washington, DC - A full three quarters of the payday industry's loan volume is generated by borrowers who, after repaying one payday loan, must take out another before their next paycheck, new Center for Responsible Lending research shows.

Lowe: Have a dream and work the dream

Friday, 10 July 2009 16:00 Larry (T.C.) Lowe

In 1988, while running as a candidate to become president of the United States, the Rev. Jesse Jackson stood before a rousing crowd at the Democratic Convention, and stated, “You see the house I’m running to (The White House), but you don’t see the house I’m running from. I was born in the ghetto, but the ghetto wasn’t born in me.”

Absolute Tire and Wheel: For Ede, the name says it all

Wednesday, 08 July 2009 18:18 Alaina L. Lewis

For most of us, when we think of the word “absolute,” we build our thought pattern around guarantees and expect nothing short of total and complete service. When Ron Ede, the owner of Absolute Tire and Wheel, sought to fulfill his entrepreneurial vision, he knew the name of his business would be a drawing factor for consumers.

What Obama should do in Africa

Wednesday, 08 July 2009 18:13 William Reed

The Obama family is on a week-long international trip that will take in three very different countries and cultures: Russia, Italy, and Ghana. Michelle, Sasha, Malia, and Michelle's Mother traveled with President Barack Obama to meet First-world leaders and greet blacks in the Third world. President Obama designed the trip to make Accra, Ghana his first official trip to sub-Saharan Africa.

Commerce Department to ensure Black firms get access to business opportunity in Recovery Act spending initiatives

Wednesday, 08 July 2009 18:10

WASHINGTON - U.S. Commerce Secretary Gary Locke Thursday said the Commerce Department is taking specific and immediate steps to ensure, increase and support access for Black owned businesses and businesses owned by other people of color in the massive federal Recovery Act spending initiative.

The Godfather of Soul's money

Thursday, 02 July 2009 16:01 William Reed

The James Brown Estate Battle kept probate lawyers busy since the Godfather of Soul died early Christmas morning, 2006. Mr. Brown left behind at least 4 women he had married, along with 6 children through marriage and 3 others who may or may not have been fathered by Brown from women he hadn't married.

Microsoft receives Judge Leon Higginbotham Corporate Leadership Award

Wednesday, 10 June 2009 15:11 Brittany Hutson, NNPA Special Correspondent

On the 45th anniversary of the historic Civil Rights Act of 1964, the Lawyers’ Committee for Civil Rights Under Law has honored Microsoft Corporation for excellence in diversity at its 10th Annual A. Leon Higginbotham Award Dinner in New York June 3rd.