Category Archives: money

Should African Americans be More Supportive of Occupy Wall Street?

I’d like to know what my readers think about this.  Should Black People be drawn to this movement?  Should we consider Black unemployment rates and how many Blacks were affected by the housing crisis (Ponzi Scheme/Gambling in my opinion.) as motivation?  Here are a few recent takes on it.

More African Americans Encouraged to Join Occupy Movement – Washington Informer

Occupy protesters eye diversity as movement grows – Boston Globe

Occupy Wall Street Is About African-Americans, Too – News One

What do you think?

Bonus Question: Is it just me or does the lack of Tea Party involvement or even a thumbs-up or two in the direction of the protesters make it seem even more as if they are the Party of the Rich and of Tax Loopholes?  Oh my bad “Job Creators”.   LOL!  Don’t you love it when people try to reclaim and rename what is and has always been.  No no, not slave owners…”Antebellum Job Creators”.  Sad.

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American Music Inaugural Ball

Who: Dionne Warwick will host
When: Jan. 20; there will be two balls–the Legends Ball from 8:00 p.m. to 1:30 a.m. and the Urban Ball from 8:00 p.m. to 1:00 a.m.
Where: Wardman Park Marriott, 2660 Woodley Rd NW, Washington, D.C.
Tickets: Legends Ball $450; Urban Ball $350; both $650. See Web site for more information.
Why You Want to Attend: Star-studded cast: Co-hosted by gospel star Yolanda Adams the “Legends Ball” will feature performances by Rodney Atkins, George Clinton, Chaka Khan, Marvin Sapp, The Temptations (Dennis Edwards), Harold Melvin’s Blue Notes, Kirk Franklin, the H.B. Barnum Orchestra, The Caravans and Smokie Norful.

The “Urban Ball”, co-hosted by Big Boi of Outkast, will feature performances by T-Pain, David Banner, Athena Cage, Cedric The Entertainer, The Cheetah Girls, Fantasia, Lil Jon, Monica, Bella Steez and Bobby Valentino.

Presenters include Isaiah Washington, former NBA stars Jalen Rose, Kenny “The Jet” Smith and Reggie Miller, Tracey and Alonzo Mourning and current Washington Redskins defensive end Jason Taylor who recently appeared on ABC’s “Dancing with the Stars.”

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Bishop Weeks Looking for Wife # 3

DULUTH, Ga. (AP) — The ex-husband of national televangelist Juanita Bynum, who divorced after a parking lot fight between the two landed him in jail, plans to take his search for a new wife to the Internet with videos featuring dating tips and what he’s looking for in a mate.

Thomas W. Weeks III, a minister who runs an Atlanta-area church and is known to his followers as Bishop Weeks, said the 10-episode series will be available starting Tuesday on his Web site.

Excerpts available Friday included Weeks, 41, discussing with aides what he should look for in his third wife.

The group concludes the woman should be at least 25 years old but “with special exemptions for 21 and up if they are classy,” Weeks said. She also must want to have children with him.

“This woman has to be very discerning, and very intimate, and very social and very sensual,” Weeks says, laughing. “And on the ministry side she has to be very diverse. She can’t be ugly.”

Bynum, 49, filed for divorce after the couple had an August, 2007, fight in an Atlanta hotel parking lot that landed Weeks in jail on charges that he pushed, choked and beat Bynum.

He pleaded guilty to assaulting her, is serving three years’ probation and has completed court ordered community service and anger management counseling.

In a video on the Web site of his Duluth-based church, Global Destiny International Ministries, Weeks said thousands of people have been writing him to ask about his plans as a newly single man.

He said he wants to give people a Christian perspective on dating.

“Who is going to be the next Mrs. Weeks? Well, God knows,” Weeks said. In the video, he asks viewers to e-mail him dating advice.

Messages left for Weeks at the church were not returned Friday morning. Bynum’s Los Angeles-based publicist also did not return calls.

If Weeks does find love, his attorney Randy Kessler told The Associated Press Friday, “I’d probably do the prenup for free.”

Who needs match.com or eharmony when you can just use your ministry website to hook yourself up? Lol!!! He discusses what he’s looking for and is even taking suggestions on his website. Comments please.

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Friday Question: Did John McCain have a Senior Moment?

If I had 7 houses worth 14 million dollars, I would be well aware of that, AND be able to recite all of the addresses verbatim at a moment’s notice. But I’m in my early thirties, so that’s not so impressive. John McCain is over 70, so I expect that he would have a senior moment or two. He definitely had a senior moment on Wednesday.

“I think — I’ll have my staff get back to you,” McCain told two curious Politico reporters Wednesday.

The 15-acre ranch where McCain hosted members of his press corps this year holds six separate houses, so does that count as one home or six?

In Phoenix, the McCains’ primary residence is a nearly 7,000 square foot condominium worth about $4.66 million. The McCains purchased two condos in 2006 and knocked down some walls to create the massive space in a high-rise that features valet parking, a rooftop swimming pool, personal spa services and on-staff housekeepers, among other amenities. Source

The problem with this is that I don’t want him to forget important things like what he told the secretary of state to do while on an overseas trip. I don’t want him to forget the name of some diplomat’s wife and piss someone off. I don’t want him to start calling people in his cabinet by other people’s names. If you have older relatives who sometimes lose it (come on, you know what I mean) then you know that a senior moment at the wrong time can be disastrous. He was wide open on this one. Obama said…

“I guess if you think that being rich means you gotta make $5 million and if you don’t know how many houses you have, then it might not be surprising that you think the economy is fundamentally strong,” Obama said. “But if you’re like me and you’ve got one house, or you are like the millions of people who are struggling right now to keep up with their mortgage so they don’t lose their home, you might have a different perspective.” [Note: Republicans note that Obama has got a very expensive house. But at least he knows how many he has]

I remember being a kid in the Regan era and how people made fun of his senility or perceived forgetfulness. He was at the end of his presidency so, who really cared. I’m not interested in McCain coming in foggy and getting foggier with each year. That’s all I’m saying. I’m not in the mood for the White House to have to do a lot of explaining about public slip ups, falls down stairs, health problems, etc. There is a chance he could go 4 years without an incident…but I’m not willing to take that chance.

What do you think?

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Friday Question: Recession or Depression?

Today’s question:  Are we (ie the U.S of A) in a Recession or a Depression? From good ole Wikipedia…

“A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression. Although the distinction between a recession and a depression is not clearly defined, it is often said that a decline in GDP of more than 10% constitutes a depression.[1] A devastating breakdown of an economy (essentially, a severe depression, or hyperinflation, depending on the circumstances) is called economic collapse.”

“In economics, a depression is a term commonly used for a sustained downturn in the economy. It is more severe than a recession (which is seen as a normal downturn in the business cycle). Considered a rare but extreme form of recession, the start of a depression is characterized by unusual increases in unemployment, restriction of credit, shrinking output and investment, price deflation or hyperinflation, numerous bankruptcies, reduced amounts of trade and commerce, as well as violent currency devaluations. Unlike a recession, there is no official definition for a depression, even though some have been proposed. Generally it is marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced given current resources and technology (potential output). One could say that while a recession refers to the economy “falling down,” a depression is a matter of “not being able to get up.”"

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The root of all evil: Dollar Bill Poem

Keep it real, Dollar Bill.

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Someone’s messing with Ray Charles’ money

The LA Times is reporting that shortly before Christmas 2002, Ray Charles called a meeting of his 12 children at a hotel near Los Angeles International Airport. Ten of them, ranging in age from 16 to 50 — with 10 mothers among them — listened as their father told them he was mortally ill and outlined what they could expect from his fortune. Most of Charles’ assets would be left to his charitable foundation. But $500,000 had been placed in trusts for each of the children to be paid out over the next five years, according to people at the meeting and a trust document.

Yet Charles’ description left so much to the imagination that some of the children came away with the impression that he meant to leave them $1 million each. Charles also hinted that there would be more for them “down the line,” which some interpreted to mean they would inherit the right to license his name and likeness for profit.

The confusion and contention that resulted from that family gathering, the only time so many of the children met with their father as a group, helps explain what has happened since. Charles exercised iron control over his music and recordings, but his legacy is in disarray, knotted up in legal disputes between the estate’s management and his family members, according to interviews, court documents and correspondence from the California attorney general’s office.

Charles died at 73 in Beverly Hills on June 10, 2004, after a long battle with cancer. In lawsuits filed against Charles’ former manager, several of his children have asserted that their father’s legacy has been mishandled by the manager and others associated with Ray Charles Enterprises, which holds the rights to his music, and the Ray Charles Foundation.

At issue are not only money and the family’s standing but also the fate of thousands of musical recordings, videotapes and other artifacts produced during Charles’ long career. Professional estimates place the value of Charles’ original masters at about $25 million — on top of the $50 million he held in securities, real estate and other assets.

Charles’ children are hoping to win control of the marketing of their father’s name and image, and a greater voice in foundation affairs.

“No one is as committed to RC as his family,” said Mary Anne Den Bok, an attorney who is the mother of Charles’ youngest child, Corey Robinson Den Bok. Continue reading

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Meeting David Wilson – Reparations

MSNBC will be airing a documentary about David Wilson, an African-American journalist whose research brought him to North Carolina to meet a descendant of his ancestors’ slave master. This will be airing Friday, April 11th at 9PM. You can’t get more direct than this if you want to talk about race relations in this country. I can’t wait to watch this. Tell us what you think.

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Are black people between the ages of 28-45 getting married?

Readers, I need you to think…dig deep for me.  LOL!  How many of the 28-45 year old, single African American you know have gotten married in the last…let’s say 5 years.

I KTruth and I live in DC, and we were going around looking at condo open houses this weekend.  It occurred to us that one of the reasons we always see a lot of single black females between 28-45 house shopping alone or with their bffs is that they are just that…single.  Thus, their options for finding housing are limited to what one can afford in the District of Columbia on one income.  That isn’t always pretty.  There are areas of the city (rough areas…you know where DC folk) that real estate professionals know the main market will be single, professional, black women.  They price the properties for this market and advertise to them.  The conversation also made me ponder how many of my peers or friends of friends have gotten hitched in recent years (male and female).   The number isn’t a cold hearted zero…but it’s not like I’m looking for dates to take to weddings every other weekend in June.  It made me think of the good ole days, when my parent’s generation was buying homes after marriage (2 income house-hold) like a right of passage.

Ummm….I wonder.   We talk about the plight and impact of the high number of single African American mothers run households in our communities.  What about the childless African American brothers and sister with good jobs who are single?  How does this impact our communities financially when it comes to owning homes and sharing resources? It seems like my generation is waiting longer and longer to marry.  Are they more concerned with career and personal goals?  Have they been scared away from commitment as witnesses of divorce and failed marriages?  What do you think?

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Michael Vick might be in jail, but won’t be broke

Jailed quarterback Michael Vick can keep all but US$3.75 million of the nearly $20 million in bonus money he received from the Atlanta Falcons following a ruling Monday by a federal judge.

The Falcons sought to recover the bonuses after Vick pleaded guilty to federal charges in a dogfighting operation. The bonuses were paid from 2004-07.

A special master ruled in October the Falcons were entitled to recover the bonuses. The Falcons argued Vick used proceeds from a contract he signed in 2004 to finance his illicit activities.

But U.S. District Judge David Doty of Minneapolis ruled that recovery of most of the bonus money by the Falcons would violate the NFL collective bargaining agreement.

The agreement does not allow roster bonus money to be forfeited once it’s been earned, the judge wrote.

The NFL criticized Doty’s ruling. The league has suspended Vick indefinitely without pay.

Source: Sudbury Star

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