At its annual legislative conference, the Congressional Black Caucus
Foundation announced its donation of $5 million to five African American
owned banks. Among them are Industrial Bank in
Washington, D.C.; Liberty Bank & Trust Company in New Orleans;
Mechanics & Farmers Bank in Durham; Seaway Bank & Trust Company
in Chicago and City National Bank of New Jersey in Newark.
President Barack Obama declared that the ongoing
government shutdown would have devastating ramifications for small
businesses if it continues any longer. Specifically,
the president cautioned that the shutdown would drain resources from small
businesses, which could hamper the economic recovery.
Congressional gridlock already has stymied efforts to resurrect an
obscure but popular Small Business Administration loan program that
expired last year. The campaign looks still more daunting with the
federal government shut down.
October 1, 2013 marks the opening and implementation of the new
Affordable Care Act, dubbed Obamacare, in America's health care maze.
Both patients and health insurance companies alike are closely watching
this new series of laws and their impact on everyday health needs.
Capital One and the nonprofit organization Count Me In have teamed up to
create the Women Veteran Entrepreneur Corps (WVEC), a new mentorship
and training program that helps female veteran entrepreneurs start new
The buying power of African-Americans continues to grow, but advertisers
are missing the mark by passing over black-oriented media. That
is the conclusion of a Nielsen report, which shows that of the $75
billion spent last year in the U.S. on television, magazines, Internet
and radio advertising, less than 3 percent went to media focused on