Business & Finance

Bias Against Hiring African-Americans Hasn’t Budged

(TriceEdneyWire.com) – Rates of discrimination against African Americans in field experiments of hiring did not decline from 1990 to 2015, according to the largest and most comprehensive meta-analysis of its kind. “It is often suggested that prejudice and discrimination are fading out over time through a gradual process of liberalization of attitudes,” says Lincoln Quillian,…

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2017 Black Home Ownership Report Issued With Cautious Optimism

African Americans are returning to the homebuying marketplace in numbers greater than projected a year ago by the National Association of Real Estate Brokers (NAREB).  The 2017 State of Housing in Black America (SHIBA) report, found that Black home ownership rose from its near 50-year low of 41.3 percent in the third quarter of 2016…

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Metanoia and Lowcountry Local First Collaborate For Reynolds Avenue Community Storefront Project Opportunity

By Natalie Prioleau The sun sets, casting shadows on boarded, empty and abandoned buildings in the North area of Charleston. Passersby can witness large vacant spaces throughout the intersections of Rivers Avenue and McMillan Avenue and Rivers and Reynolds Avenue. The scene is all that’s left of a previously thriving commercial shopping center and strip…

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Proactive Steps to Take in Wake of Massive Equifax Security Breach

The South Carolina Department of Consumer Affairs (SCDCA) is encouraging consumers to demonstrate extreme vigilance regarding their personal identifying information in the wake of Equifax breach affecting half the U.S. population. Due to the scope and nature of the information compromised through this breach, SCDCA urges consumers to take an active role in monitoring their…

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Even with advanced degrees, Black women earn less than White men

By Bria Nicole Stone, NNPA Newswire Contributor Black women have to work seven extra months to earn what White men were paid in 2016. On average, Black women make 67 cents on the dollar compared to White men. In a recent blog post to mark Black Women’s Equal Pay Day, researchers at the Economic Policy…

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Black Enterprise Publishes Exclusive Registry of African Americans on Corporate Boards

Black Enterprise (BE) has released its latest exclusive report on African American representation on the corporate boards of 500 of America’s largest publicly traded companies today at BlackEnterprise.com. The media company identifies 292 African American directors at S&P 500 companies, including Starbucks, Walmart, ExxonMobil and FedEx Corp., on the Black Enterprise Registry of Corporate Directors. In addition, the report…

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Will Africa’s Richest Man ‘Make America Great Again’?

(TriceEdneyWire.com/GIN) – Alhaji Aliko Dangote, the 60-year-old Nigerian cement tycoon, has his eye on new investment prospects and is tempted by U.S. opportunities in renewable energy and petrochemicals. “Let’s say that by 2025, I’m looking at (investing) between $20 billion and $50 billion outside Africa. Mind you, we don’t do small things,” said Dangote, who…

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New Financial Center Aims to Close Racial Wealth Gap – Starting with HBCUs

By Hazel Trice Edney (TriceEdneyWire.com) – During the 2008 housing crisis, an estimated 7 million Americans lost their homes due to foreclosure. African-Americans were hit the hardest with a loss of nearly $200 billion, according to the Center for Responsible Lending. As the economy has struggled to recover and the housing market is now at…

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Millennial Women Have Yet to Recover from the Great Recession

In advance of Labor Day, a new analysis of national unemployment rates by the Institute for Women’s Policy Research (IWPR) finds that many young women, particularly women ages 25 to 34, are experiencing unemployment at higher rates than in 2007. The year 2017 marks a decade since the start of the Great Recession, which ran…

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