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Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Producers of the Allstate Gospel Superfest

The Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!- Jacksonville, Memphis & Washington, DC Chosen to Host the 2014 Competitions -(BLACK PR WIRE) – Cincinnati, OH – Producers of the Allstate Gospel Superfest will conduct its sixth annual new talent initiative in three major U.S. cities this coming…

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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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Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

WHEN THE HUMOR IS GONE

James Bean has shown insight and understanding of the darkest moments of many people’s lives as well as ideas on how one could begin to create a life worth living even out of the depths of despair.” -– Rhonda Duncombe, LMFT, LADC

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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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Tips for Managing Stress in Your Life

Tips for Managing Stress in Your Life

Written by State Point

Stress is not only unpleasant; it can be overwhelming, ultimately preventing you from solving the problems that caused the stress in the first place. But getting focused can help you feel happier and be more successful professionally, financially and in your relationships, say experts.

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Voter Suppression: Defeating it requires two massive efforts

Voter Suppression: Defeating it requires two massive efforts

Written by Peter Grear

For black voters, Benjamin Jealous expressed what I believe to be the critical message for black voters when he said that the best way to overcome massive voter suppression is through a massive wave of voter registration.  Thankfully, the NAACP is putting this theory into action through the Youth Organizing…

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Black Women are Taking Care of Business

Black Women are Taking Care of Business

Written by Freddie Allen

Instead of breaking the glass ceiling, Black women have increasingly started making their own. According to the Center for American Progress, an independent, nonpartisan progressive institute, Black women are the fastest-growing group of entrepreneurs in the country.

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Voter Suppression: Is it partisan?

Voter Suppression: Is it partisan?

Written by Peter Grear

Educate, Organize and Mobilize: I’ve been doing commentaries on our Campaign to Defeat Voter Suppression since November, 2013.  Because the right to vote is fundamental to our democracy, I’ve tried to promote a non-partisan theory of voter enfranchisement. 

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Why vote? ALEC and the Doctrine of Exclusion

Why vote? ALEC and the Doctrine of Exclusion

By Peter Grear

Educate, Organize and Mobilize: Frequently, in going forward it is imperative to examine your history.  In 1638 the Maryland Colony issued a public edict encouraging the separation of the races that became the public policy of America. 

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Download Greater Diversity News Digital PDF Edition for FREE

Download Greater Diversity News Digital PDF Edition for FREE

FREE Full PDF Edition includes stories not featured on the website

The FREE Full PDF Edition includes stories not featured on the website. No paper, no hasel, read on your laptop or mobile devices. 

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Frank Savage Knows How to Sail Against the Wind

Written by Krishana Davis Special to the NNPA from the Afro-American Newspaper on 01 April 2013.

Frank Savage has a theory about what it will take to bring down the rate of African-American unemployment, which is hovering at 14 percent, higher than any other group in the nation. He believes the answer lies in the creation of owner-operated businesses.

“Small businesses are responsible for rekindling the economy,” said Savage, the CEO of Savage Holdings LLC, a firm that advises businesses seeking to expand into global markets, especially companies that want to invest in Asia and Africa. “One of the things that disappoints me about the government is the lack of focus on building up small businesses.”

Independent business owners, he said, create more than 70 percent of jobs in the country. Savage, who has homes in Connecticut and New York, said he supports small businesses even though he spent most of his adult life working in large corporations.

He came by his affinity for small business earnestly. Born in Rocky Mount, N.C. in 1938, at a time when Jim Crow held a firm grip on the South, Savage’s mother decided when he was 6 months old to relocate the family, including Frank and twin sister, Frances, to Washington, D.C. Though it was segregated, the District offered better economic opportunity for Blacks, many of whom moved there seeking well-paying jobs in the federal government.

In his recently-published memoir, The Savage Way: Successfully Navigating the Waves of Business and Life, Savage details how the entrepreneurial spirit of his mother, Grace, helped to catapult him into powerful positions at some of the world’s most prominent financial companies, eventually leading him to start his own investment firm.

At a time when many Blacks were seeking the safety of a good government job, Madame La Savage, as his mother came to be known in D.C., went against the grain, opening a beauty parlor, originally called Savage Beauty Clinic, down the street from Howard University. After hearing about the International Beauty Show, a hair show held at the New York Coliseum, she traveled to Manhattan to showcase her signature cuts and hairstyles to stylists from around the world. The only Black stylist in the show, she returned to the District and changed the salon’s name to La Savage Beauty Clinic International.

Little Frank was watching closely. The lessons he learned from his mother became the principles that guided him in his own work—self-confidence, honesty and integrity, hard work and cultivating good relationships with clients.

Savage imparted the importance of those principles in his memoir. He wrote that he has long been enthralled with the world’s interconnectivity, an interest that fueled his first trip abroad, to Libya, while he was student at Howard University studying political science and economics with a focus on international relations.

Savage said he has always believed that a relationship with the rest of the world is key to economic prosperity for Blacks in the United States and has long encouraged others to travel widely and keep up with global events.

“I always felt it is most important for African Americans to be involved on a global level and to understand the rest of the world—their cultures, their practices, their languages,” Savage said.

After graduating from college, Savage picked up a master’s degree in 1968 in international studies from the Johns Hopkins University’s Nitze School of Advanced International Studies. He followed that with a job in the international division of Citibank, then in business as the First National City Bank of New York.

He was the only black officer in the division. He worked in Saudi Arabia for two years, then in Monrovia in the bank’s Liberia operation for two more. A disagreement with the vice president of the Middle East Africa Division of the bank led him to quit, he said.

“It made me lose faith in the bank,” he said of the squabble. “It made me lose faith with my future in the bank.”

Ironically, later that year—1970, the federal government created a new program to provide equity for small Black businesses. That program would become important to Savage and other Blacks who hoped to become independent business owners down the line.

Over the next three decades, Savage climbed the corporate ladder. He served as chairman of the board of Alliance Corporate Finance Group, Inc., chairman of Alliance Capital Management International and a member of the board of directors of Lockheed Martin Corp.

From 1999 to 2002, Savage served on the board of directors of Enron Corp., a Houston-based energy company that collapsed in 2001 amid allegations of manipulation of energy and securities prices. Employees and shareholders lost nearly $11 billion in investments. Many of Enron’s executives were charged and convicted of financial crimes. New to the Enron board, Savage escaped from the controversy with no convictions, but it tarnished his reputation, he said.

“I was tainted by it although I had nothing to do with it,” said Savage. “It was almost impossible for me to raise capital.”

A hobby that he had picked up 20 years prior to the scandal helped him to recover his peace of mind—ocean sail boat racing.

It took five years for Savage to regain his reputation, he said. To stay in the game, he started his own global finance firm, Savage Holdings, LLC. He has recovered nicely. He is former chairman and trustee-emeritus of the Howard University board, a survivor of the Enron scandal and architect of a company that manages roughly $700 billion in investment money.

And when he needs a break, he heads out on his sailboat. •

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