by TEWire
Special to the Trice Edney News Wire from the Afro American Newspapers
Originally posted 4/27/2011
Only two out of every 10 African-Americans are on a path to achieve their retirement goals, according to a six-month-old survey of Blacks conducted by a major wealth manager.
ORLANDO, Fla. (AP) - Some 320 websites and newspapers that belong to Associated Press Sports Editors slightly improved their racial hiring practices last year, according to a study released Wednesday, though they failed again to make any strides in gender hiring for key newsroom positions.
The report, released every two years by the University of Central Florida's Institute for Diversity and Ethics in Sports, gave those outlets a C plus, up from a C in 2008, for racial hires and an F for gender hires in jobs including sports editor, columnist, reporter and copy editor.
Gasoline prices are skyrocketing — and so are oil company profits.
Exxon Mobil Corp. earned nearly $11 billion in the first three months of the year, a rollicking 69% increase over its performance for the same period last year. That's on sales of $114 billion.
It's the same story for the other big oil companies. Royal Dutch Shell turned a profit of $6.3 billion in the first quarter, and BP — despite lingering costs from the Gulf Coast oil spill— made $7.1 billion.
by Dr. Boyce Watkins, Your Black World – Scholarship in Action
Jestina Clayton is a woman in Utah who is originally from Sierra Leone in West Africa. She does African braiding part-time in order to make extra money. She is now being confronted with the loss of significant income, since a law in the state of Utah claims that you must have a full cosmetology license in order to braid hair.
Clayton filed suit this week in the court of law. She is being backed by the Institute for Justice, a Virginia-based organization that helps people like Clayton challenge unjust laws.
by Janell Ross, Huffington Post
CHARLOTTE, N.C. -- In the decade leading up to the Great Recession, Wanda Nolan grew accustomed to steady progress.
From an entry-level job as a fill-in bank teller, she forged a career as a commercial banking assistant, earning enough to become a homeowner. She finished college and then got an MBA. Even after the recession unfolded in late 2007, her degrees and her familiarity with the business world lent her a sense of immunity to the forces ravaging much of the American economy. Nolan was an exemplar of the African American middle class and the increasingly professional ranks of the so-called New South.
But in September 2008, everything changed.
Editor's note: Annette Bernhardt is policy co-director of the National Employment Law Project, a national advocacy group for the rights of lower-wage earners. She was lead researcher on NELP's recent report, "A Year of Unbalanced Growth: Industries, Wages, and the First 12 Months of Job Growth After the Great Recession."
(CNN) -- We are starved for signs that the economy is picking up. So when McDonald's threw its doors open to hire 50,000 workers nationwide, media networks scrambled to film applicants lining up across the country for that increasingly elusive piece of the American dream -- a job.
Your Black World reports
Have you ever tried to get a loan, and felt that you weren’t being treated the same as if you were white? What about watching that promotion at work being given to the white guy down the hall when you were the one slaving night and day for 20 years? Well, this feeling is not uncommon. A recent survey at YourBlackWorld.com showed that nearly 90% of African Americans feel that they’ve experienced some kind of discrimination in the workplace. In spite of our having a black president and attorney general, new laws have not been introduced to help people of color fight discrimination in the workplace.
by Dr. Boyce Watkins – YourBlackWorld.com
The first decade of the new millennium brought a lot of things that the world didn't expect: the ability to order a pizza on your home computer, cell phones that allow you to talk to your friends face-to-face, and our nation's first black president.
One other unexpected event of the last decade is the disappearance of a century's worth of progress in reducing the wealth gap between black and white Americans. AsRex Nutting at Market Watch so accurately notes, wealth levels of the black family in America have declined dramatically during the past decade, and they show no evidence of getting better any time soon.
According to Nutting, "In a country where access to capital is everything, most blacks have nothing."
It turns out that Oprah Winfrey is partnering with CharityBuzz to auction off her quality time. The expected running price is going to be $50,000. Would you pay that much to meet with Oprah if you had the money?
The money is being raised for human rights and Oprah is auctioning off four tickets to her show in Chicago and the chance to meet her backstage. Perhaps since it’s for charity, it all makes sense.
by Dr. Boyce Watkins, Your Black World – Scholarship in Action
It’s a year after the start of the infamous BP oil spill that stole the attention of the nation for several months. One year ago today, the oil giant began the process of spilling five million barrels of oil into the Gulf of Mexico, killing everything in its grasp, starting with 11 oil workers who were near the initial explosion. After taking out the workers, the spill generated an unprecedented genocide on local wildlife, killing thousands of fish, birds and other species that lived within the ocean. The BP beast also murdered local businesses that depended on the Gulf for their livelihoods, with almost none of those businesses being able to restore their full economic value.
Tourists are no longer interested in swimming in water that was so heavily polluted just a few months ago.
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