President Obama recently declared that small businesses are
vital for the growth of the U.S. economy. According to
business data, this economic sector was awarded about $98.2 billion last
year. However, Black-owned businesses received only 7.2 percent, or
$7.1 billion, and Hispanic businesses were awarded just 8.4 percent, or
$8.21 billion. As market watchdogs point out, the awards given to these
groups are not reflecting their proportions to the total U.S.
Newark Mayor Cory Booker has won the U.S. Senate seat after a special election in New Jersey yesterday. The victory makes Booker the first-ever African American U.S.
Senator from New Jersey and the first African American to be elected to
the Senate since Barack Obama in 2004.
Never mind the politics behind the debate over increasing the debt
ceiling. If the U.S. government eventually cannot pay all its bills,
will it matter to households, consumers and the economy? The
Atlanta Journal-Constitution in the past few days spoke to economists,
as well as to budget, banking and finance experts, to get the answers.
The list is out. Every year, Fortune releases a much-anticipated
compilation of some of America’s most esteemed and savvy businesswomen
who are reinventing, reenergizing and revolutionizing their industries. This year, Ursula Burns, Rosalind Brewer and Shonda Rhimes made the list.