Economics

Businesses add 142,000 jobs in September, and black jobless rate declines

[ilink url=”http://www.northstarnewstoday.com”]Return to the homepage and video channel at www.northstarnewstoday.com or just click here to see the complete issue and video channel.[/ilink]   The nation’s nonfarm businesses added 142,000 jobs in September, but the Economic Policy Institute, a non-partisan think tank based in Washington, D.C., called the report disappointing. “September’s numbers bring average monthly job creation to 198,000 in 2015,[Read More…]

Report: Median Income for Black Households Rises

[ilink url=”http://www.northstarnewstoday.com”]Return to the homepage and video channel at www.northstarnewstoday.com or just click here to see the complete issue and video channel.[/ilink]   by Frederick H. Lowe Median income for African-American households rose 3.5 % from 2011 to 2013 as the Great Recession has waned, The Nielsen Company recently reported. “Real median household income increased more among African-American households (+$793)[Read More…]

Notorious ‘blood diamond’ trafficker nabbed en route to U. S.

[ilink url=”http://www.northstarnewstoday.com”]Return to the homepage and video channel at www.northstarnewstoday.com or just click here to see the complete issue and video channel.[/ilink]   (TriceEdneyWire.com) — U.S. businessman Michel Desaedeleer, whose dealings in ‘blood diamonds’ which were shown in the 2006 movie of the same name, starring Djimond Hounsou and Leonardo DiCaprio, was pulled him off a plane and arrested by[Read More…]

Bank Agrees to Pay Fine

[ilink url=”http://www.northstarnewstoday.com”]Return to the homepage and video channel at www.northstarnewstoday.com or just click here to see the complete issue and video channel.[/ilink]   M&T Bank Corp., recipient of the highest Community Reinvestment Act compliance rating, has resolved a lawsuit filed by the Fair Housing Justice Center by paying $485,000 and changing certain of its banking practices, according a news release issued[Read More…]

Trans-Pacific Partnership: What’s in it for Black Workers?

[ilink url=”http://www.northstarnewstoday.com”]Return to the homepage and video channel at www.northstarnewstoday.com or just click here to see the complete issue and video channel.[/ilink]   Editorial By Frederick H. Lowe The United States Senate has given President Barack Obama a green light to go ahead with the Trade Priorities and Accountability Act of 2015 (TPA), which is the right to negotiate the[Read More…]

High Unemployment and Low Wages in the Black Community Affects Everything

By Frederick H. Lowe Fifty years after Title VII of the 1964 Civil Rights Act overturned laws that overtly restricted blacks to a limited number of low-wage occupations, African Americans still suffer from the affects of high unemployment, low wages and limited access to higher-paying jobs that encourage marriage, better health care, neighborhood safety and discourage crime, according to a[Read More…]

Black America Missing Nearly Half of Its Economic Share

New Report Shows African-Americans at Rock Bottom of America’s Equality Index By Hazel Trice Edney (TriceEdneyWire.com) — Amidst continued struggles to maintain voting rights, protests to end shootings of unarmed black males by police and a constant press to lower the jobless rate for African-Americans, a new report this week announces that Black America is still not receiving nearly half[Read More…]

Growing Diversity at Apple A Sweet Bite for Minorities

by Rosemary Eng CUPERTINO, CA — The Rev. Jesse Jackson, who has made the rounds in Silicon Valley, smacking high-tech companies on the head for lagging in minority hiring, came out singing praises at the shareholders meeting of Apple Inc., saying “your light shines in the darkness. Give a hand to Tim Cook.” The meeting March 10 at Apple headquarters[Read More…]

Lawsuit: Comcast, Time Warner Don’t Have Enough Cable for Black-Owned Media Companies

By Frederick H. Lowe Comcast Corp. and Time Warner Cable Inc., which are seeking the Federal Communications Commission’s permission to merge, generally have refused to do business with media companies that are 100 percent black-owned, according to a lawsuit filed in U.S. District Court for the Central District of California in Los Angeles. Instead, Comcast and Time Warner have signed[Read More…]