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Businessweek Apologizes for Racist Cover Warning Minorities Will Be Buying Houses Again

Businessweek Apologizes for Racist Cover Warning Minorities Will Be Buying Houses Again

RACE IN AMERICA:  Businessweek apologizes for racist cover photo accompanying its cover story about the return of aggressive mortgage lending products is really something else. In other words, the cover is sending the message that minorities will return to purchasing houses again. Really? “Our cover illustration last week got strong reactions, […]

Study: 26 ‘Kingpin’ Companies, Including Citigroup and Boeing, Paid More to CEOs Than Federal Tax

Study: 26 ‘Kingpin’ Companies, Including Citigroup and Boeing, Paid More to CEOs Than Federal Tax

Left-Leaning Institute for Policy Studies found that 26 big U.S. companies, including Boeing, AT&T and Citigroup paid their CEOs more than they paid in federal taxes. Yahoo Finance:  Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study […]

JPMorgan Chase CEO Jamie Dimon Should Step Down as NY Fed Director in Wake of $2 Billion in Risky Trades

Shouldn’t JPMorgan Chase CEO Jamie Dimon face some repercussions for the $2 billion blunder that occurred in the course of six weeks under his watch?  Once again, Wall Street is on the wrong side of reason and not working for the people on Main Street. They haven’t learned from the […]

by Janet Shan· · Financial News
Black Finance Exec Robin Washington Listed Among T&R ’30 Outstanding Women in Finance’

Black Finance Exec Robin Washington Listed Among T&R ’30 Outstanding Women in Finance’

Robin Washington, CFO of Gilead Sciences among Treasury & Risk Magazine’s 2012 list of the ’30 Outstanding Women in Finance.’  Robin Washington  CFO & SVP, Gilead Sciences “As finance chief since 2008, Washington has presided over a period of significant revenue growth for the biotech company. She played a key role […]

by Janet Shan· · Black News, Financial News
Report: Georgia Ranks Dead Last in Financial Security, Not Just the Poor and Middle Class

Report: Georgia Ranks Dead Last in Financial Security, Not Just the Poor and Middle Class

Georgia is dead last in the nation in financial security. According to a newly published report by the Corporation for Enterprise Development, Georgia ranked dead last in terms of the financial security of its residents, based on factors such as their high debt load, lack of savings and assets, and the […]

by Janet Shan· · Financial News

Survey Finds One in Five Women Would Abstain From Sex for Six Months to Avoid Paying Monthly Bills

SAN FRANCISCO, Jan. 31, 2012 /PRNewswire/ — A new survey(1) examined American’s bill payment behavior and found that more than one-third (35 percent) of consumers are struggling to pay their monthly bills either sometimes, often or always. The consumer survey was conducted by Independent market research firm Toluna, on behalf of BillFloat, Inc., the […]

by Janet Shan· · Financial News
U.S. Federal Reserve Joins Central Banks Worldwide to Rescue Europe, Sounds Like 2008 Debacle

U.S. Federal Reserve Joins Central Banks Worldwide to Rescue Europe, Sounds Like 2008 Debacle

U.S. Federal Reserve joins central banks worldwide take emergency action to keep European banks afloat, but isn’t this a repeat of the 2008 debacle? Did the U.S. Federal Reserve just throw European banks a lifeline at the expense of working class Americans? This is a throwback to 2008 when we […]

by Janet Shan· · Financial News

401K Father Ted Benna Now Thinks He Created a Monster

INTERESTING: 401k Father Ted Benna now says he wants to blow up what he created in 1998 because what was intended to be simple for employees as pension plans, is now a monster. Benna told SmartMoney, “I would blow up the system and restart with something totally different.”“Blowing up the […]

by Janet Shan· · Financial News
CUNA Says 40000 New Members Joined Credit Unions on Bank Transfer Day

CUNA Says 40000 New Members Joined Credit Unions on Bank Transfer Day

CUNA says 40000 new members joined credit unions on Bank Transfer Day, about 24 times the normal rate. CUNA says 40000 new members joined credit unions on Bank Transfer Day on November 5, making the call to action a resounding success. It is further proof that Americans are sick and […]

by Janet Shan· · Financial News, Latest News

Have You Paid Your Taxes Lately?

The new report from the U.S. Census Bureau stating 1 in 6 Americans is living in poverty is not good for the nation’s state of mind. Years of wars and Bush era tax cuts for the wealthy among us have finally caught up with us. To paraphrase my grandmother ‘our […]

by Harriet Cammock· · Financial News