Business & Money

Locked Out And Going Out Of Busines$

by Barrington M. Salmon -Contributing Writer-

When congressional leaders of both political parties agreed to a $2 trillion economic stimulus package—the Coronavirus Aid, Relief, and Economic Security (CARES) Act—Teri Williams had no expectations that Black businesses... »

$349 billion Covid-19 small business program short-changes businesses of color

by Charlene Crowell, Guest Columnist | Apr 29, 2020 - 8:20:31 AM

A $349 billion program created to assist America’s small businesses was launched on April 3 to provide payroll, utilities, rent and more for eligible applicants screened by the U.S. Small Business Administration (SBA). »

Stimulus stunts and secret tricks

by Askia Muhammad Senior Editor @askiaphotojourn | Apr 21, 2020 - 1:33:09 AM

Much deserved attention has been focused on the performance breakdowns and structural flaws in the massive $2 trillion federal government Covid-19 economic stimulus plan that was just adopted and almost as quickly spent by banks and corporations. »

Hope, doubts about $2.2 trillion spending bill

by Askia Muhammad -Senior Editor- | Apr 2, 2020 - 12:04:31 PM

The United States of America adopted a sweeping $2.2 trillion coronavirus relief package, intended to provide immediate assistance to many citizens and small businesses, as well as to major industries on the brink of economic collapse amid the ongoing pandemic. Immediate public reaction ranged from relief to skepticism. »

Economic uncertainty and instability amid Covid-19 crisis

by Barrington M. Salmon -Contributing Writer- | Apr 2, 2020 - 11:58:17 AM

The global pandemic that is sweeping the United States and the world has ravaged almost everywhere it has hit, roaring through cities and small towns, killing thousands of people, making others ill, upending daily activities and decimating the country’s economic fabric. »

Affordable housing for low wage workers a remote dream

by Nisa Islam Muhammad -Staff Writer- | Jan 15, 2020 - 7:02:08 AM

There is a significant gap between renters’ wages and the cost of rental housing across the United States. This leaves no minimum wage worker able to afford a rental home solely on their weekly earnings according to a report, Out of Reach. »

Corporate shutout: Black professionals face prejudice and exclusion in America

by Michael Z. Muhammad -Contributing Writer- | Jan 8, 2020 - 1:05:05 PM

And the beat goes on. A new study released by the Center for Talent Innovation entitled “Being Black in Corporate America: An Intersectional Exploration” paints a dim picture for Black advancement in the corporate world. »

Richest 1% in U.S. surpassing wealth of middle class: Report

by PressTV | Nov 25, 2019 - 6:19:29 PM

The U.S. economic expansion has enriched the top one percent of American households to the point that they now control more than half of the equity in the U.S. stock market, according to a new government study. »

Falling Black homeownership remains a problem

by Charlene Muhammad -National Correspondent- | Oct 24, 2019 - 12:57:48 PM

Blacks are in the throes of a homeownership crisis, even in the midst of a robust economy with strong employment rates and steadily increasing pensions, according to the 2019 edition of the State of Housing in Black America report. »

Student debt disrupts chances, widens racial wealth

by Nisa Islam Muhammad -Staff Writer- | Oct 15, 2019 - 8:41:19 PM

Twenty years after starting college, the median debt of White students who took out loans has been reduced by 94 percent—with almost half holding no student debt—compared to Black student loan borrowers at the median who still owe 95 percent of their cumulative borrowing total. »

Nothing Beats Buying Black!

by Azizah Muhammad | Sep 19, 2019 - 1:07:27 PM

ATLANTA—“We Buy Black,” a thriving movement that markets Black-owned businesses, recently hosted its 2nd annual convention at the Georgia International Convention Center in Atlanta, Georgia. »

Black-owned family bank marks 85 years of service

by Nisa Islam Muhammad -Staff Writer- | Sep 6, 2019 - 9:10:01 AM

Since 1934 Industrial Bank has served the nation’s capital and is currently the only Black family-owned bank in that area. Industrial Bank is among the top five largest Black-owned banks in the United States. »

Black Businesse$, Black Consumer$, A Neccessary Alliance

by Starla Muhammad -Managing Editor- | Aug 21, 2019 - 9:54:53 AM

CHICAGO—Entrepreneurship is nothing new in the Black community. Black people have historically worked hard to establish, maintain and grow their own businesses to cultivate an economic base in providing goods, products and services to consumers. »

Cooperative economics at work in Peoria, Illinois

by William P. Muhammad | Jul 23, 2019 - 9:39:43 AM

Creating opportunities in a community where little is recognized by some residents and casual observers, organizations like the Black-owned-and-operated Minority Business Development Center and the Black Business Alliance of Peoria offers economic solutions to underserved neighborhoods. »

Bankruptcy: An option for student loan debt?

by Nisa Islam Muhammad -Staff Writer- | Jul 3, 2019 - 3:01:13 PM

Robert F. Smith changed the lives of 396 Morehouse College graduates when he announced at their May commencement that he was paying their student loans which could total as much as $40 million. »

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George Fraser may not be among the most well known...

Locked Out And Going Out Of Busines$

When congressional leaders of both political parties agreed to a...

$349 billion Covid-19 small business program short-changes businesses of color

A $349 billion program created to assist America’s small businesses...

Stimulus stunts and secret tricks

Much deserved attention has been focused on the performance breakdowns...

Economic uncertainty and instability amid Covid-19 crisis

The global pandemic that is sweeping the United States and...

Hope, doubts about $2.2 trillion spending bill

The United States of America adopted a sweeping $2.2 trillion...

Affordable housing for low wage workers a remote dream

There is a significant gap between renters’ wages and the...

Corporate shutout: Black professionals face prejudice and exclusion in America

And the beat goes on. A new study released by...

Richest 1% in U.S. surpassing wealth of middle class: Report

The U.S. economic expansion has enriched the top one percent...

Falling Black homeownership remains a problem

Blacks are in the throes of a homeownership crisis, even...

Student debt disrupts chances, widens racial wealth

Twenty years after starting college, the median debt of White...
FCN 2018