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Recent News

3 New York detectives acquitted in 50-shot killing
Friday, April 25, 2008, Source: Associated Press
Three detectives were acquitted of all charges Friday in the 50-shot killing of an unarmed groom-to-be on his wedding day, a case that put the NYPD at the center of another dispute involving allegations of excessive firepower....
 
Stocks decline on consumer survey, earnings and inflation
Friday, April 25, 2008, Source: Associated Press
An early advance fizzled on Wall Street Friday after a consumer sentiment reading fell to its lowest level in more than 25 years and a disappointing forecast from Microsoft Corp. weighed on technology issues. A spike in oil prices put further pressure on stocks....
 
Actor Snipes gets 3 years, apologizes for 'costly mistakes'
Thursday, April 24, 2008, Source: Associated Press
After haggling with revenue agents, criminal investigators and eventually U.S. prosecutors for almost a decade, Wesley Snipes finally caught them by surprise....
 
Other potential buyers ready if Murdoch’s Newsday offer falls through
Thursday, April 24, 2008, Source: MCT
With media mogul Rupert Murdoch treating his reported purchase of Newsday as a fait accompli, other potential purchasers are said to be buttressing their offers or waiting in the wings should regulators shoot down News ....
 
'Gang of Four' Could Decide Obama's Fate
Tuesday, April 15, 2008
Barack Obama's hopes of emerging as the first black Democratic presidential nominee could now depend on top party officials intervening to stop the fight with Hillary Clinton in the name of unity....
 
Federal prosecutors Want 3-year Sentence for Snipes Tax Fraud
Friday, April 18, 2008
Federal prosecutors say actor Wesley Snipes should serve the maximum possible penalty for failing to file a tax return....
 
Former Fannie chief agrees to $24.7 million settlement, 1st Ld-Writethru
Friday, April 18, 2008, Source: Associated Press
Former Fannie Mae chief Franklin Raines and two other top executives are paying a total of nearly $31.4 million in a settlement with the government announced Friday over their roles in a 2004 accounting scandal....
 
Analysis: Time, delegate math working against Clinton
Friday, April 18, 2008, Source: Associated Press
Time is running out on Hillary Rodham Clinton, the long-ago front-runner for the Democratic presidential nomination who now trails Barack Obama in delegates, states won and popular votes....
 
Federal Loans Not An Option For Many Low-Income Students Attending Community Colleges
Friday, April 18, 2008, Source: Associated Press
For students who need to borrow for college, federal loans are almost always the best deal. But a new study finds that more than 1 million community college students -- a disproportionate number of them minorities -- can't get....
 
Food, energy expected to lead hike in inflation rate
Friday, April 18, 2008, Source: Associated Press
The Labor Department's Consumer Price Index, due out this morning at 8:30 a.m. EDT, is expected to show that consumer prices resumed an upward climb in March due mainly to higher energy and food costs. Inflation at the wholesale level soared in March at nearly triple the rate that had been forecast as energy....
 
Amid job loss, try budget cuts to stay afloat
Friday, April 18, 2008, Source: MCT
Q. I'm 48, just lost my job, and soon will have no income. I get two weeks of pay and two weeks of vacation time; then nothing other than my wife's part-time job as a bank teller. We have three children _ 14, 13 and 9. Thankfully, my wife gets benefits. We are paying about $3,300 per month on our $168,000 mortgage....
 
Jobs Slashed, Pointing to Recession
Thursday, April 10, 2008, Source: Associated Press
Employers buffeted by talk of recession slashed 80,000 jobs in March, the most in five years and the third straight month of losses....
 
Connecticut's Income Disparity Shows Rapid Growth
Thursday, April 10, 2008, Source: MCT
The income gap between Connecticut's richest and poorest families has grown at a faster pace in the last 20 years than any other state, according to a report issued today by Connecticut Voices for Children. During the same period....
 
Jaco wins large contract for optical scan voting machines
Thursday, April 10, 2008, Source: MCT
Jaco Electronics Corp., a relatively small components distributor, said Tuesday it won its largest-ever single award -- a contract to manufacture approximately 4,500 optical scan voting machines for use in New York State....
 
Urban League helps small businesses get started
Thursday, April 10, 2008, Source: MCT
A divorced mother of two wonders how to market her quilting skills. A fudge-maker needs a kitchen so he can sell candy and supplement his disability check. A barber shop requests a loan to cover plumbing repairs....
 
New portrait studio owner keeps old style
Thursday, April 10, 2008, Source: MCT
Over the past 30 years, Pat Becker and her staff have photographed hundreds of families in poses ranging from classy to campy. But her favorite pictures were the ones with the lambs....
 
Surging North Carolina Voter Registrations Could Help Obama
Thursday, April 10, 2008, Source: Associated Press
More than four times as many blacks have registered to vote in North Carolina during the first few months of 2008 as four years ago, a sign that bodes well for Sen. Barack Obama in the state's May 6 Democratic presidential primary....
 
Fisk to Appeal Order on Art Collection
Friday, April 4, 2008, Source: Associated Press
Fisk University said Thursday it will appeal a judge's order to display an art collection donated to it by painter Georgia O'Keeffe....
 
Few Women, Blacks Elected in Pa.
Tuesday, April 1, 2008, Source: Associated Press
Voters in Pennsylvania rarely elect black and female candidates.

But they'll have to choose one or the other in the April 22 Democratic presidential primary between Sens. Barack Obama and Hillary Rodham Clinton....

 
Where Should Conversation on Race Start?
Tuesday, April 1, 2008, Source: Associated Press
So, we're going to get honest about race this time? Let's get started then. If only it were that simple....
 
Hud Chief Resigns Amid Criminal Probe
Tuesday, April 1, 2008, Source: Associated Press
HUD Secretary Alphonso Jackson, his tenure tarnished by allegations of political favoritism and a criminal investigation, announced his resignation Monday amid the wreckage of the national housing crisis....
 
Paulson's Plan Only Shuffles Regulatory Duties
Tuesday, April 1, 2008, Source: MCT
It's painfully clear that the U.S. financial regulatory system built on a Depression-era foundation must catch up with the complexities of today's economy. But the overhaul outlined Monday by Treasury Secretary Henry Paulson doesn't do the job....
 
Markets Are Driven by Fear
Thursday, March 20, 2008, Source: Associated Press
It will be difficult for the economy to grow or for the market to reverse its course while fear is stalking the financial world....
 
Obama Castigates Racial Division, Calls For Unity
Wednesday, March 19, 2008, Source: Associated Press
Barack Obama confronted the nation's racial divide head-on, tackling both black grievance and white resentment in a bold effort to quiet a campaign uproar over race and his former pastor's incendiary statements....
 
Gov't Eases Fannie, Freddie Restraints
Wednesday, March 19, 2008, Source: Associated Press
The government on Wednesday relaxed capital requirements at Fannie Mae and Freddie Mac as part of a plan to quickly inject an additional $200 billion of financing for home loans....
 
"We the people, in order to form a more perfect union."
Speech given by Barack Obama
Two hundred and twenty one years ago, in a hall that still stands across the street, a group of men gathered and, with these simple words, launched America’s improbable experiment in democracy. Farmers and scholars....
 
New York's New Governor Admits Several Affairs
Wednesday, March 19, 2008, Source: Associated Press
The state's new governor revealed Tuesday that he had affairs with several women, including a state employee. The confession came a day after he took over from former Gov. Eliot Spitzer, who was driven from office amid a prostitution scandal....
 
Charges Near For Detroit Mayor, Council Wants Him To Resign
Wednesday, March 19, 2008, Source: Associated Press
The Detroit City Council on Tuesday called for the resignation of Mayor Kwame Kilpatrick, who is being investigated over an alleged affair he swore under oath he did not have. He quickly rejected the request....
 
David Paterson Would Be First Black Governor of New York
Thursday, March 13, 2008, Source: TNJ
Gov. Eliot Spitzer resigned his office on Wednesday after being linked to a prostitution ring, paving way for Lt.-Gov. David Paterson to take over as governor, the first black person to hold the post in the state’s history....
 
Black Support Helps Obama Wins MS Vote, Racial Charges Rock Democrats
Thursday, March 13, 2008, Source: Associated Press
With a six-week breather before the next primary, Hillary Rodham Clinton turned her attention to Pennsylvania and beyond to counter the latest in a string of victories by Barack Obama in Southern states with large black voting blocs....
 
Five Blacks Make Forbes Magazine’s 2008 Billionaire List
Thursday, March 13, 2008, Source: TNJ
A record five blacks have made the 2008 Forbes magazine’s list of the world's wealthiest people—billionaires—for the first time. They come from Ethiopia, Sudan, South African, Nigeria and the United States....
 
Not All Investors Are Risk-Averse
Thursday, March 13, 2008, Source: Associated Press
Not all investors today are running away from risk amid the financial market turmoil. There's a flood of money flowing into companies with no earnings or assets to speak of....
 
Senator Backs Probe of Black Televangelist
Thursday, March 13, 2008, Source: Associated Press
The Democratic chairman of the Senate Finance Committee has thrown his support behind an investigation of allegations of lavish spending and lax oversight at a half-dozen ''prosperity gospel'' Christian ministries....
 
Supporters Rally for Black College Student in Massachusetts
Thursday, March 13, 2008, Source: Associated Press
Faculty and students at the University of Massachusetts rallied Wednesday in support of a black biology student who faces attempted murder charges after a white man allegedly taunted him with racial epithets, broke his nose and smashed his dormitory window....
 
David Paterson Expected To Be First Black Governor of New York
Tuesday, March 11, 2008, Source: TNJ
Gov. Eliot Spitzer is expected to resign his office after being linked to a prostitution ring, paving way for Lt.-Gov. David Paterson to take over as governor, the New York Times reported Tuesday....
 
Report: Minorities Hit by Foreclosures
Thursday, March 6, 2008, Source: Associated Press
Subprime lenders that went out of business with the industry's collapse targeted minority neighborhoods, leaving them to struggle disproportionately with foreclosures and crumbling home values, according to a new report....
 
Civil Rights Cases at Issue for FBI
Thursday, March 6, 2008, Source: Associated Press
The FBI is investigating 26 unsolved civil rights era cases out of nearly 100 referred to the bureau over the last year, Director Robert Mueller says in calling the protection of civil liberties one of his top priorities....
 
Report Details Black Women's Challenges
Thursday, March 6, 2008, Source: Associated Press
This is a triumphant time for black women: Condoleezza Rice in the global diplomatic spotlight, Michelle Obama captivating campaign crowds as a potential first lady, billionaire Oprah Winfrey playing political kingmaker....
 
NY Bar Settles Dress Code Complaint
Thursday, March 6, 2008, Source: Associated Press
A restaurant that hosted a party for Barack Obama supporters on Super Tuesday has discriminated against blacks wearing hip-hop clothing and urban wear, the state attorney general charged Monday in a lawsuit....
 
Bush calls for attention in Africa
Thursday, March 6, 2008, Source: TNJ/Wires
President George W. Bush has appealed Congress and his successor to keep an eye on Africa, stressing the "extraordinary potential" of the continent....
 
Homeowner Equity Is Lowest Since 1945
Thursday, March 6, 2008, Source: Associated Press
The Federal Reserve says Americans' percentage of equity in their homes has fallen below 50 percent for the first time since 1945....
 
Economy Slows And Consumer Spending Stalls
Thursday, February 28, 2008, Source: Associated Press
The economy skidded to a near halt in the final quarter of last year and consumer spending was essentially flat for the second straight month in January, raising new concerns about a possible recession....
 
Lewis Switches to Obama
Thursday, February 28, 2008, Source: Associated Press
Civil rights leader John Lewis has dropped his support for Hillary Rodham Clinton's presidential bid in favor of Barack Obama....
 
Oprah's Big Give' is blessed with a big heart
Thursday, February 28, 2008, Source: MCT
When Oprah does reality TV, don't count on any back-stabbing or bug-eating. That's just not her style....
 
U.S. presidential campaign reshaping the image of America
Thursday, February 28, 2008, Source: MCT
India has a long history of being led by political dynasties, and like the United States still battles sexism and racism. So for many Indians, the latest U.S. presidential campaign is something of a wonder....
 
Muslim Americans discouraged by political scare tactics
Thursday, February 28, 2008, Source: MCT
Muslim rumors have dogged Barack Obama throughout this presidential campaign, but the political arrows flew fast and furious this week, leaving Maha ElGenaidi anxious that her community would be further wounded in the aftermath....
 
Black vote could change presidential dynamic in Texas
Thursday, February 28, 2008, Source: MCT
In his fight for Texas, Barack Obama has a sure-fire weapon that could bring down Hillary Rodham Clinton and ultimately win him the Democratic nomination for president....
 
Better Pension Disclosure
Thursday, February 21, 2008, Source: Associated Press
So far, corporate pensions appear to have escaped the credit market storm that has punished commercial and investment banks and insurers. But don't be fooled. Plenty of toxic mortgage-related debt is probably there; it's just buried....
 
Sarbanes-Oxley's Power
Thursday, February 21, 2008, Source: Associated Press
This is what we mean by holding one's feet to the fire: American International Group Inc.'s auditors told the giant insurer that its credit-portfolio's valuations were flawed, forcing AIG to take a $4.88 billion write-down....
 
Group Says Economy to Slow Further
Thursday, February 21, 2008, Source: Associated Press
A gauge of future economic activity dropped for the fourth consecutive month in January, a business group said Thursday, suggesting the U.S. economy could weaken further in the near future....
 
Oil Near $100 After Record Close
Thursday, February 21, 2008, Source: Associated Press
Oil prices held just below $100 a barrel Thursday after hitting a record overnight as investors poured more cash into crude and other commodities as a hedge against inflation....
 
Stocks Mostly Down Amid Weak Economic Data
Thursday, February 21, 2008, Source: Associated Press
Hewlett-Packard and AT&T were among the stocks moving substantially or trading heavily Feb. 20 on the New York Stock Exchange, while Crocs and 3Com were doing the same on the Nasdaq Stock Market....
 
Jobless Claims Fall by 9,000
Thursday, February 21, 2008, Source: Associated Press
The number of newly laid off workers filing claims for unemployment benefits fell last week, but the larger-than-expected drop was seen as only a temporary improvement....
 
Obama Proposes $210 Billion for New Jobs
Wednesday, February 13, 2008, Source: Associated Press
Democrat Barack Obama said Wednesday that as president he would spend $210 billion to create jobs in construction and environmental industries, as he tried to win over economically struggling voters....
 
Bush Signs Economic Stimulus Plan
Wednesday, February 13, 2008, Source: Associated Press
President Bush on Wednesday signed a multibillion-dollar economic rescue package on Wednesday that means $300 to $1,200 rebates for many American households....
 
Morgan Stanley Cuts 1,000 Mortgage Jobs
Wednesday, February 13, 2008, Source: Associated Press
Morgan Stanley on Wednesday said it will cut 1,000 jobs as the nation's second-largest investment bank trims its residential mortgage operations amid the continued deterioration of the mortgage markets....
 
Retail Sales Surprisingly Strong in Jan.
Wednesday, February 13, 2008, Source: Associated Press
Retail sales posted a surprising rebound in January following a dismal December, although much of the strength reflected rising gasoline prices. Economists saw the increase as a temporary blip rather than a sustained....
 
WTO Rules Against China for First Time
Wednesday, February 13, 2008, Source: Associated Press
The World Trade Organization on Wednesday issued its first official condemnation of Chinese commercial practices, siding with the United States, the European Union and Canada in a dispute over car parts....
 
Kenya Violence Threatens Flower Exports
Wednesday, February 13, 2008, Source: Associated Press
In a country strangled by anger and fear, it is taking armed escorts and emergency airlifts to make sure that Kenya's most warmhearted export _ the rose _ arrives in time for Valentine's Day....
 
Writers Vote to End 3-Month Strike
Wednesday, February 13, 2008, Source: Associated Press
A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday....
 
A draw for Clinton, Obama; McCain now GOP front-runner
Wednesday, February 6, 2008, Source: Associated Press
A split decision written across a vast electoral map has locked Barack Obama and Hillary Rodham Clinton in a protracted struggle for the Democratic presidential nomination, while John McCain goes forward as the clear....
 
U.S. service sector slows down
Wednesday, February 6, 2008, Source: Associated Press
Lingering hopes that the U.S. economy might avert a recession withered Tuesday after the nation's service sector - its banks, travel companies, contractors and stores, among others - shrank for the first time in five years....
 
Worker productivity slows sharply
Wednesday, February 6, 2008, Source: Associated Press
Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year while wage pressures increased....
 
Stocks rebound after Tuesday's plunge
Wednesday, February 6, 2008, Source: Associated Press
Stocks regained some ground Wednesday as many investors, though still uneasy about the economy, decided to buy back into a market battered a day earlier by recession worries. The Dow Jones industrials rose more than....
 
Will Rebates Spur Spending?
Wednesday, February 6, 2008, Source: Associated Press
''Just Do It,'' one of Nike's ad slogans, might also be something the government should use to encourage consumers to spend their expected tax rebates....
 
Time Warner Will Split AOL
Wednesday, February 6, 2008, Source: Associated Press
Time Warner Inc.'s new CEO Jeff Bewkes laid out his vision for changes at the media conglomerate Wednesday, including dividing AOL's online access and advertising businesses and possibly spinning off the rest of the company's....
 
 
 
 
 
 
 
 
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