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Honey Brown Hope Foundation Rakes in National, State and Local Recognition

Honey Brown Hope Foundation Rakes in National, State and Local Recognition

Honey Brown Hope Foundation

Houston, TX — The Honey Brown Hope Foundation, a nationally recognized, award-winning 501(c)3 non-profit that has served youth and their families for over two decades, announced today that it is thankful this holiday season for recently being recognized for its civil rights

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Community Empowerment: Black Chambers of Commerce Where Is My Patronage?

Community Empowerment: Black Chambers of Commerce Where Is My Patronage?

Peter Grear

Educate, organize and mobilize -- Back in September I wrote an article entitled, Voter Suppression: Creating Black Wealth.  The impetus for that article was a commentary written by Earl G. Graves, Sr., Publisher of Black Enterprise. 

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Employees of Small, Locally-Owned Businesses Have More Company Loyalty

Employees of Small, Locally-Owned Businesses Have More Company Loyalty

loyalty to employers

Employees who work at small, locally owned businesses have the highest level of loyalty to their employers — and for rural workers, size and ownership of their company figure even more into their commitment than job satisfaction does

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The Pawns of Politics: Where Is My Patronage?

The Pawns of Politics: Where Is My Patronage?

Peter Grear

Educate, organize and mobilize -- For more than a year leading up to the recently completed General Elections, I’ve written about Voter Suppression, gerrymandering, the Black vote and voters.  

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Verbal Abuse in the Workplace: Are Men or Women Most at Risk?

Verbal Abuse in the Workplace: Are Men or Women Most at Risk?

Abuse in the Workplace

There is no significant difference in the prevalence of verbal abuse in the workplace between men and women, according to a systematic review of the literature conducted by researchers at the Institut universitaire de santé mentale de Montréal

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The Decision to Handle Rejection

The Decision to Handle Rejection

Rev. Manson B. Johnson

The Big Idea: Endurance is the key to achieving challenging goals in life.“Man’s rejection can be God’s direction.  God sometimes uses the rejection of hateful people to move us to a new place or assignment–where we wouldn’t have thought of going on our own.  

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Subscribe to Get GDN Print Edition

Subscribe to Get GDN Print Edition

Print Subscription

 Greater Diversity News (GDN) is a statewide publication with national reach and relevance.  We are a chosen news source for underrepresented and underserved communities in North Carolina.  

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Regulators Need More Funding to Enforce Finance Reform

Written by Washington University in St. Louis on 25 June 2010.

The U.S. Senate and the U.S. House of Representative are working toward a final version of the financial reform bill, which is expected be on the desk of President Barack Obama by July 4. According to Hillary A. Sale, JD, securities law expert and professor of law at Washington University in St. Louis, the bill is coming at a good time for the Securities & Exchange Commission (SEC).

“The proposed financial reforms will improve the SEC’s funding and attempt to regulate financial instruments that have not been regulated before — including derivatives,” Sale says. “A new layer of financial regulators has developed over the last decade in the U.S., largely because the SEC has been underfunded.

"State regulators now have become important players in major financial scandals, often preceding the SEC in detection and enforcement," Sale says.

Sale notes that regulators can’t be fully insulated from political pressures. “Better funding for regulators would help lessen the pressure,” she says.

Under the current state of the SEC and financial regulation, financial institutions position themselves to fall within the jurisdiction of the most accommodating regulator, and investment banks design new financial products so as to encounter the least regulatory oversight.

Credit rating agencies

Sale says that the possible conflicts between consumer protection and bank regulation are not easily resolved. As an example, she says that credit rating agencies are “horribly conflicted.”

“The main problem is that issuers pay for rating agency reviews,” Sale says. “Rating agencies can’t survive without giving good reviews.

"Unless we deal with these conflicts, reforms are likely to be ineffective," she says.

Sale, along wtih John C. Coffee Jr., JD, discussed regulatory oversight in Redesigning the SEC: Does the Treasury Have a Better Idea? in the June 2009 edition of the Virginia Law Review.