Finance

Jul 25 2011

Inaction jeopardizes funding

LOS ANGELES, Calif.—Mayor Antonio Villaraigosa called on Congress today to quickly reauthorize the Federal Aviation Administration’s financial authority, saying inaction jeopardizes funding for critical improvement projects and threatens jobs.

The suspension of the FAA’s ability to spend money and raise taxes means 206 FAA employees who work in Southern California have been furloughed indefinitely, and $5.1 million in FAA grant money for runway improvements at Los Angeles International Airport has been suspended.

Apr 20 2011

Day to day operations

LOS ANGELES, Calif.—Major League Baseball announced today it is taking over the day-to-day operations of the Los Angeles Dodgers and beginning an investigation into the team's finances.

Baseball Commissioner Bud Selig said he notified Dodgers owner Frank McCourt today that he "will appoint a representative to oversee all aspects of the business and the day-to-day operations of the club.''

Mar 17 2011

In the face of wealth loss

There they go again. Don’t they know any better?

African Americans continue to be battered worse than any other minority group by the nation’s three-year-long, and-counting, economic crisis. In both stand-alone and comparative terms, from the top to the bottom of the socioeconomic ladder, they’ve suffered a severe loss of the little wealth they possessed, and have almost no protection against a future economic shock.

Mar 10 2011

Change thinking will change your life

I have a mission to educate people about their finances help them become the 5 percent of 65-year-olds who retire wealthy and self-sufficient, versus the 95 percent that have a retirement of dependence. 

Yes, we should make sure we live for the now, but, at the same time, live for the future. Let’s make sure our monies are going places to store wealth that will pay us for years to come, when we stop working that job. 

Nov 11 2010

Understanding what it takes to be rich

My mentor once told me, “Nannette, do what everyone does and you will get what they get. But do what few people do, and you will have everything that everyone has always wanted, but few people get.”

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.
 

Alabama
Freeman A. Hrabowski, president of the University of Maryland, Baltimore County, will address the annual African American Business Council luncheon on June 28. Hrabowski, who is chairman of President Barack Obama’s Advisory Commission on Education Excellence for African Americans, has a national reputation for his work studying the performance of minority students in math and science. Hrabowski, named one of the 10 best college presidents in the country by Time magazine, was a child leader in the Civil Rights Movement in Birmingham in the 1960s.
 

Arkansas
The Liberty Counsel filed a motion and a brief in United States District Court for the Eastern District of Arkansas seeking to intervene on behalf of a Concepts of Life crisis pregnancy center to defend against a suit filed by the American Civil Liberties Union and the Center for Reproductive Rights. The groups seek to impose a permanent injunction before the Human Heartbeat Protection Act goes into effect July 18. Liberty Counsel also filed a brief opposing the ACLU’s request for an injunction. The “Heartbeat” bill states that when a woman seeks an abortion at or after the 12th week, doctors must test for a fetal heartbeat before an abortion is performed and inform the pregnant mother that the child in her womb has a heartbeat. If a heartbeat is detected, a woman cannot have an abortion, except in cases of rape, incest, and if a mother’s life is in danger. “As we promised when the legislation was introduced, Liberty Counsel will defend this law without reservation for the people of Arkansas, born and pre-born,” said Matt Staver, founder and chairman of Liberty Counsel. “No right is more foundational than the right to life. Without life, all other rights are irrelevant,” concluded Staver.