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West Florissant, Mo. Explodes in Protest of Police Shooting, More Than 30 Arrests

West Florissant, Mo. Explodes in Protest of Police Shooting, More Than 30 Arrests

Special to the NNPA from the St. Louis American

The Target parking lot of the Buzz Westfall Shopping Center was filled with dozens and dozens of police vehicles and the area of West Florissant from Jennings to Ferguson was blocked off. Helicopters and tanks –as well as vehicles from a host of area departments – descended on West Florissant as looting and vandalism…

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Suppress Voting, Impeach Obama and Close HBCUs

Suppress Voting, Impeach Obama and Close HBCUs

By Peter Grear

Our campaign has sought to educate our communities to the point that they would organize and mobilize for a massive voter turnout for the November General Election and beyond. 

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Risky Situations Increase Women’s Anxiety, Hurt Their Performance Compared to Men

Risky Situations Increase Women’s Anxiety, Hurt Their Performance Compared to Men

Study author Susan R. Fisk

“On the surface, risky situations may not appear to be particularly disadvantageous to women, but these findings suggest otherwise,” 

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Voter Suppression: An Existential Threat to Democracy

Voter Suppression: An Existential Threat to Democracy

By Peter Grear

To properly understand where we are today, we must look to history, to Black Slavery.  Slavery has existed since the time of ancient civilizations and in its inception was based upon conquerors enslaving the conquered without regards to race.  

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Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Charlotte, NC (BlackPR.com)

Dorothy Buckhanan Wilson of Milwaukee, Wisconsin, a business executive, was installed as the 2014-2018 International President of Alpha Kappa Alpha Sorority, Incorporated (AKA)

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Nielsen Expands Communications Leadership Team with Key Media Relations Hire

Nielsen Expands Communications Leadership Team with Key Media Relations Hire

New York (BlackPR.com)

New York (BlackPR.com) -- Nielsen today announced that Andrew McCaskill has joined Nielsen as Senior Vice President, Corporate Communications. He will report to Chief Communications Officer Laura Nelson.

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Voter Suppression: It’s Mobilization Time

Voter Suppression: It’s Mobilization Time

Written by Peter Grear

With this article we will start detailing the ingredients of a revisable action plan that needs comments and revisions as we move toward the Tuesday, November 4, 2014 General Election.  

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Voter Suppression: NC Black Republican Advisory Board

Voter Suppression: NC Black Republican Advisory Board

Written by Peter Grear

Educate, Organize and Mobilize: I confess that I’m amazed. The Republican National Committee and the Republican Party of North Carolina announced last week that they have launched theNorth Carolina Black Advisory Board (BRAB) 

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How To Not Grow Old Broke

Written by Devin Robinson on 12 November 2012.

Growing old is not something we can avoid, but growing old and broke is! I speak about the Consumption Theory in my latest book, Power M.O.V.E.: How to Transition from Employee to Employer. So many people have been enlightened by its practical approach and simplistic delivery but, honestly creating success really is kind of simple. The only tough part about my theory is your ability to execute on it.

The successful execution of the Consumption Theory boils down to your perspective and approach to money. It's like the fork in the road. If you view money as a satisfier of today's itch instead of a weapon against future threats you will struggle with being able to carry out the practices of the Consumption Theory and convert income into wealth. Resources are not all meant to be consumed immediately or sometimes, consumed by you at all. As an entrepreneur you must recognize when resources within your grasp should be used, consumed, stockpiled or used to reproduce more resources.

Let me sidebar for a second. When it comes to your income, before you splurge on anything it should qualify for one of four factors: you enjoy the source of the income (satisfying), it's abundant (significant), it's sustainable (reproducing), and has longevity (long-term).

The Consumption Theory allows you to live in an economic straight line no matter what is going on around you. Follow it and you won't feel like you are on a financial roller coaster. You won't be up and down in what you can or can't do and you won't find yourself going from side hustle to side hustle. No slow economy or market threats will easily impact your consumption. They will first affect the activities within the other detailed percentages outlined in the book, often leaving your personal lifestyle with no immediate affects.

Consumption Theory simply says that you should aim to live on 10% of your income if you expect to weather financial storms that WILL come: family emergencies, trauma, unemployment, unexpected repairs, slow economy, retirement, accidents, illnesses, etc.

Let me go through some examples of how you can incorporate the "Consumption Theory" into your life.

Popular Culture Example:Salary = $100,000Time = 20 yearsSavings Rate = 10%Consumption/Spending Rate = 90%Retirement = $200,000 on handLifestyle Sustainability upon Retirement = 2.2 years

Consumption Theory Example:Salary = $100,000Time = 20 yearsSavings Rate = 90%Consumption/Spending Rate = 10%Retirement = $1.8 millionLifestyle Sustainability upon Retirement = 90 years

All examples excluding inflation, increased tax burdens, health challenges and transfer payments.

Okay. Living to $10,000 (10% of example) in America in this day and age may prove difficult, not impossible just difficult. In this case you want to focus on increasing your earnings, not your spending.

For those of you who can't set aside any portion of your income for an extended time I've coined your spending a "disease"; an addictive disease that may haunt you in your senior years, and sometimes immediately, unless you cure it or find a frugal spouse to offset your issue.

If the full consumption theory is too extreme for you, consider this modest example I calculated at 50% consumption. If you merely have a salary of $100,000 and you saved 50% of your income for 20 years you will have stocked $1 million. You will be able to live another 20 years on your nest egg at the same lifestyle, give or take inflation and health.

Pretty much, for every year you simply stockpiled 50% of your income equates to one year you won't have to work while maintaining the same lifestyle.

The overall philosophy of the Consumption Theory is to not consume based on what you have, but instead consume based on what you want to have. This theory expedites the success rate of an entrepreneur.

Just be careful not to attach yourself to people in your young days that will make you miserable and regretful in your old days. Use having additional resources as an opportunity to have more, not as an opportunity to spend more and you will spend more time in bliss. Remember, arrogant people may get rich but humble people get wealthy.

Devin Robinson is a business and economics professor, serial entrepreneur, founder of Beauty Supply Institute and author of 8 books. His latest book is "Power M.O.V.E.: How to Transition from Employee to Employer". Learn more about him at www.PowerMoveBook.com or www.DevinRobinson.com •

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