Very few American politicians have been in office long enough to say they have defeated both a father and a son. Congressman Charles Rangel can make that claim having edged the redoubtable Adam Clayton Powell Jr. in 1970 and his son, Adam Clayton Powell IV, in 1994.
Inner-city companies attract 31 percent less growth capital than average U.S. businesses, according to a report by Inner City Capital Connections, a partnership between the Initiative for a Competitive Inner City and Bank of America that educates inner-city businessowners about equity financing and connects them with providers of such financing.
In a nation wrestling with an obesity epidemic, almost one in four children are food insecure, with a striking disparity in the prevalence of food insecurity among Black children. Such is the state of affairs in the United States, according to the U.S. Department of Agriculture’s Economic Research Service.
The Brooklyn Academy of Global Finance opens for the 2009-2010 school year with a curriculum focused on finance, financial literacy and the tools for succeeding in business.
Frugality appears to be the order of the day, but African-Americans and Hispanics are making the biggest adjustments to spending, saving and work habits than any other group as a result of the economic recession, according to a national survey conducted for Citigroup Inc.
In the run-up to the 2009 National Historically Black Colleges and Universities Week in Washington, D.C., this fall, the Thurgood Marshall College Fund is taking issue with a report by the American Enterprise Institute, a conservative Washington think tank, on the importance of graduation rates in high-schoolers’ decisions about which college or university to attend.
In January, the nation witnessed the inauguration of Barack Obama amid one of the worst economic crises it has ever seen, making today the best of times and the worst of times for Black America, the National Urban League says in its 2009 State of Black America report.