WASHINGTON – Minorities clinging to the middle class have come out of the Great Recession at a higher risk for falling into poverty during the next economic crisis, according to a recent report by the Center for American Progress, a nonpartisan think tank in Washington, D.C.
For several years, Vivian Owens wrote a newspaper column or magazine articles that underscored the idea of parents working at home with their children to improve learning performance. Her articles appeared in the NNPA newspapers and in Upscale Magazine. The book she penned in 1988, PARENTING FOR EDUCATION, was selected as a Resource in Education by the U.S. Department of Education.
WASHINGTON (NNPA) – Like thousands of Black college students, Bethanie Fisher, a psychology major at Howard University depended heavily on the Parent Loan for Undergraduate Students program that allows parents to borrow the full amount of college tuition and fees. During, the 2007-2008 school year, an estimated 33 percent of undergraduate students that earned degrees at Historically Black Colleges and Universities received Parent PLUS loans, double the rate of all undergraduate students nationwide.
A broad coalition of state and national organizations is pushing to preserve a key federal program that has helped more than 1.1 million troubled homeowners and reduced mortgage payments by a median savings of $546 each month. The Home Affordable Modification Program (HAMP), created in response to the nation’s housing crisis, is set to close shop on December 31. Housing and consumer advocates are urging the U.S. Treasury Department to reconsider ending the program.
Chicago human resource executive and former chief diversity officer is now the author of a dynamic new diversity book, "Profitable Diversity: How Economic Inclusion Can Lead to Success." It highlights the P&L impact of responsive and proactive diversity practices and is now available everywhere books are sold.
One of the worst ironies of the nagging economic recession is that consumers with the fewest financial resources have lost the most. Now, a new report finds that payday loans not only strip much-needed income from low-income families; but also harms the economic viability of the communities where they operate, draining nearly $1 billion a year. Written by the Insight Center for Community Economic Development (Insight Center), it also reveals other net negative impacts of these small-dollar, high cost loans on economic growth and personal bankruptcy filings.