Black Finance

Lawrence Watkins Speaks with Dr. Randal Pinkett about His Billion Dollar Contract

pinkett

  by Lawrence Watkins If you are looking for someone who personifies academic and business success in the African-American community, Dr. Randal Pinkett is your go-to guy. Most people remember his rise to fame as the winner of the fourth season of Donald Trump’s The Apprentice, a high point of his career — but there is much more to the man than ...

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Nomalanga: The Importance of Independence

MLK freedom

Today, as we munch on some delicious barbeque ribs, chicken, hot dogs and hamburgers and throw back some cold beers and wine, I can’t help but think about the significance of the day. It is Independence Day. Independence Day is a day that we are supposed to remember and celebrate the day that the United States gained its independence from ...

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Rappers Spawning A Generation of Unemployable Black Males

By: Chico C. Norwood I was reading Dr. Boyce Watkins’ article entitled “Russell Simmons Defends Gwyneth’s Use of the N-Word….Don’t Do it Man” and two paragraphs in the article really jumped out at me: “The difficult reality that Russell and other proud “n*ggas” in commercialized hip-hop must face is the fact that their music does little to elevate the masses, ...

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Black Unemployment and Black Employers: Why Don’t Blacks Hire Blacks?

By Chico C. Norwood According to the latest report released by the United States Department of Labor, the overall unemployment in America was 8.2 percent for the month of May. For the African American community the news is even bleaker. The report revealed that unemployment in the African American community sits at 13.6 percent, substantially higher than any other ethnic ...

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How Partnering with African Countries can Help the U.S. Government Create Jobs for Americans

According to recent statistics, the U.S. government is not winning in the area of job creation. Research scholars are speculating that the U.S government can formulate a strategy to help the United States become the No. 1 partner of Africa and help the U.S. government create jobs by trading with Africa. Recent statistics, released by the Labor Department on June ...

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Women Deserve Equal Pay

By Chico Norwood This week (June 10) marks the 49th anniversary of the Equal Pay Act of 1963, which was signed into law by President John F. Kennedy.  The purpose of the law was to abolish wage disparity based on sex, and yet here we are almost 50 years later and women still earn less than men. According to a ...

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How defiant Iman built a $25m beauty empire – after retailers told her ‘black women don’t buy liquid foundation’

Iman has proven beauty retailers wrong with her successful make-up line, after they told her that ‘black women don’t buy liquid foundation’. Focusing on difficult-to-find shades for ethnic women, the supermodel’s namesake cosmetic company has become a $25million business. After nearly two-decades modelling, and mixing foundation formulations for make-up artists to use on her, Iman launched her line at JCPenney ...

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Facebook Shares Fall 24%

Facebook shares have fallen 24% from their IPO price, and traders are placing bets that the social networking firm’s stock will erode further. Shares of the social networking giant continued a precipitous plunge since the company’s much-hyped initial public offering. The stock notched a 10% drop Tuesday and has lost about a quarter of its value since going public May ...

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Economic Stress – A New Normal for America in the 21st Century

By Dr. Robert Brown When I finished graduate school in 2000, earning a Ph.D., I really felt that this would help to solidify job security and begin the journey to greater economic stability and growth. I knew that this shiny new tool would not be a one size fits all solution but it would certainly help a great deal. What ...

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Oprah Makes Forbes’ Top 10 Most Powerful Celebrities In Spite of Struggling Network

“Although Winfrey had a tough year dealing with her struggling cable network, OWN, she still earned $165 million last year. Her magazine, radio deal with Sirius (NASDAQ:SIRI) and spin-off shows have helped Winfrey remain the top earner on the list.” Beginning with comeback queen Jennifer Lopez, here’s a look at the celebrity elite that landed spots 1 – 10 on ...

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