Great Recession

Unemployment still high, but so are expectations
Merdies Hayes
Apr 5 2013

AV slowly pulls out of the long recession

As the nation slowly emerges from the Great Recession, the economic numbers for the Antelope Valley show a much higher rate of sustained unemployment and devalued housing prices in both Lancaster and Palmdale.

The five-year economic downturn saw much of the area’s the job losses come from the construction industry and retail sales. At the beginning of the year, Lancaster had an unemployment rate of 14.4 percent while Palmdale fared better at 11.1 percent. In 2008 the two cities lost a little fewer than 1,000 jobs combined, according to a 2009 report.

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Memo to business: ignore the recession
Cynthia E. Griffin
Apr 4 2013

Entrepreneurs figure ways to survive and thrive in down economy

The statistics speak for themselves. According to a 2007 Survey of Business Ownership conducted by the U.S. Census Bureau, African American businesses grew at more than triple the rate of national business growth in the United States from 2002-2007.

That year, the Census counted 1.9 million Black firms, which represented a 60.5 percent increase from 2002. Additionally, the report found that Black-owned firms increased their hiring by 20.6 percent, employing more than 900,000 people. These companies also posted total receipts of $137.5 billion.

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Transportation industry: a route to success for Black men
Freddie Allen
Nov 22 2012

Some see an easier path than in other industries

WASHINGTON—When Jeffrey Brooks began his career in the transportation industry, the encouraging words of his parents echoed in his ears: “Go get a good job, a good job that you can retire from with a pension.”

Now, 30 years later, Brooks, the administrative vice president and director of the Transit Division for Transport Workers Union of America, hopes that message is not getting lost on millions of unemployed young Black men living in urban areas across the nation.

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Millions of Californians experienced food insecurity during recession
City News Service
Jul 10 2012

UCLA releases new study

About 3.8 million Californians could not afford to consistently feed themselves or their families during the Great Recession, according to a UCLA study released Monday.

Low-income families, households with children and Latinos suffered the greatest so-called food insecurity—multiple occasions in which people had to cut their food intake and experienced hunger, according to the UCLA Center for Health Policy Research.

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Wealth gap widens between Blacks and Whites
CNN Money
Jul 5 2012

The Great Recession blamed

NEW YORK—White Americans have 22 times more wealth than Blacks—a gap that nearly doubled during the Great Recession.

The median household net worth for Whites was $110,729 in 2010, versus $4,995 for Blacks, according to recently released Census Bureau figures.

The difference is similarly notable when it comes to Hispanics, who had a median household net worth of $7,424. The ratio between White and Hispanic wealth expanded to 15 to 1.

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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.

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