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Does upward mobility exist anymore?

Does upward mobility exist anymore?

A new poll reveals that many Americans are questioning their prospects for “upward mobility.”  The high level of pessimism is reflected among respondents in a recent poll conducted by The Hill newspaper that found half (47 percent) of likely voters believe it’s impossible for them to become wealthy during the course of their lifetime. The […]

Mitt Romney’s Salt Lake pork

Mitt Romney’s Salt Lake pork

You can’t follow the politics of our nation without hearing a reference to “pork-barrel politics” – slang used when politicians undertake projects to benefit a group of friends in exchange for campaign donations. If we go back to the 2002 Winter Olympics in Salt Lake City, Utah, we’re told Mitt Romney became well known for […]

Blacks more likely to use payday loans

Blacks more likely to use payday loans

Most payday borrowers use the small-dollar loans to cover ordinary living expenses instead of occasional or unexpected emergencies, according to a new research report by Pew Charitable Trusts. “Who Borrows, Where They Borrow and Why,” the first in a series of payday lending reports by Pew, also found that 81 percent of those who have used […]

What’s God got to do with Trayvon’s death?

What’s God got to do with Trayvon’s death?

George Zimmerman, the man who killed Trayvon Martin, told Fox News personality Sean Hannity that the events that occurred on February 26, 2012 were “God’s will.” What a cynical manipulation of our Creator. Zimmerman has proven himself to be a multiple liar.  He called himself destitute, while collecting tens of thousands of dollars from a […]

Lax gun laws allow terrorism at home

Lax gun laws allow terrorism at home

We are shocked and saddened by the massacre in Aurora, Colo. But Aurora is part of a pattern, not an isolated incident. Two days earlier, 17 were hurt outside a bar in Tuscaloosa, Ala., when a gunman opened fire. Rep. Gabrielle Giffords and 18 others were shot in a Tucson, Ariz., shopping center. Virginia Tech […]

Blacks, Latinos strongest supporters of financial reform

Blacks, Latinos strongest supporters of financial reform

Blacks and Latinos support financial reform more than any other group, according to a new poll released by Lake Research Partners. When consumers were asked if Wall Street caused the financial crisis, eight out of 10 African-Americans agreed. Sixty-five percent of Latinos agreed, compared to an overall rate of 64 percent. The telephone poll, conducted […]

Buried in a sea of government regulations

Buried in a sea of government regulations

We African-Americans must get more involved in making policy. As one of my mentors taught me, “You can be one of two things: a political activist or a political victim.”  We must get into the game and ensure our needs will be met. And we have plenty of needs. As businesses work to overcome staggering obstacles […]

Bamboozled by financial systems, Blacks struggle to recover

Bamboozled by financial systems, Blacks struggle to recover

Suddenly, it dawns on you that you lost your home, your life savings and your credit rating tanked not by accident, but by design of predatory lenders, vultures that circled Black communities looking for prey and you – a highly-educated, middle-class Black woman – fit the profile. I am among those in that profile of […]

Big Republican lies about small businesses

Big Republican lies about small businesses

Two things always happen when there is a debate about whether to extend George W. Bush’s tax cuts.  First, Republicans drag out the tired and misleading argument that any effort to return the tax rate to the pre-2001 levels amounts to “a job-killing tax hike.”  Second, the corporate media fails to cite evidence that the […]

Thousands file consumer complaints with CFPB

Thousands file consumer complaints with CFPB

As we move toward the second anniversary of President Obama signing the Dodd-Frank financial reform law, more than 45,000 people have filed complaints with the newly created Consumer Financial Protection Bureau. In one case, a 77-year old Army veteran and retired businessman living in Georgia was certain he had paid off his mortgage, but his […]