Raleigh, NC—The Alliance of North Carolina Black Elected Officials held elections for its executive committee on December 3, 2013. Swearing-in of the newly elected officers was scheduled 9 a.m. February 1, 2014 at the League of Municipalities Albert Coates Local Government Center 215 N. Dawson Street in downtown Raleigh. The ceremony was performed by Supreme Court Justice Cheri Beasley.
WASHINGTON (NNPA) – In last week’s State of the Union Address, President Barack Obama declared, “…Our success should depend not on accident of birth, but the strength of our work ethic and the scope of our dreams.” The operative word was “should.” A recent study by a team of Harvard University and University of California-Berkeley researchers and others confirm that the birth lottery still rules the day. The report states, “Contrary to popular perception, economic mobility has not changed significantly over time; however, it is consistently lower in the U.S. than in most developed countries. It also said two studies found, “Upward income mobility varies substantially within the U.S. Areas with greater mobility tend to have five characteristics: less segregation, less income inequality, better schools, greater social capital, and more stable families.”
More good news keeps coming for consumers in early 2014. On the heels of new mortgage rules that took effect on January 10, the following week four banks making payday loans pulled their products from the market. Announcing a halt to their triple-digit interest rates were Wells Fargo, Regions, Fifth Third and US Bank. Together, these lenders have combined assets of $2.1 trillion, serving customers through 30,000 branches and more than 21,500 ATMs across the country.
What do North Carolina and Wisconsin have in common? On the surface of it, perhaps not much: one has subzero winter temperatures and the other sweltering summers with off the charts humidity. But more and more people are seeing parallels between the tar heel and badger states, particularly the power of unregulated big money in politics. As more and more North Carolinians come to the state capitol every week protesting cuts to unemployment insurance, tax cuts for the state’s wealthiest citizens, loosening of environmental regulations, and threats to voting rights,
WASHINGTON (NNPA) – Thirty years ago, one year of tuition, room, and board at a nation’s four-year, degree-granting institution cost $8,756 on average (or $3,499, when adjusted for inflation). As of 2010, that figure had almost tripled to $22,092 – and that’s just for one year. To meet this economic hurdle, 39.6 million Americans have turned to the student loan market, taking on more than $1 trillion in debt of last year, according to the Department of Education’s Federal Student Aid office. Higher education, once a pipeline to the American Dream, is quickly becoming just a pipedream for low-income and underserved Americans.
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