Wealthy people have seen lots of thing they might be expected to approve in the last four years, like a rise in the total household net worth, but many are still unlikely to vote for Barack Obama. This president cannot tell us that you are better off today than when he took office," Mitt Romney said as he accepted the Republican presidential nomination. Since then, "Are you better off?" has become a central theme of the campaign, and is likely to surface Wednesday at the first presidential debate.
We live in not only the richest, most powerful nation in the world, we live in perhaps the wealthiest and most influential country in the history of civilization. So it should trouble us all when a study released earlier this month by the organization Feeding America revealed that 22.7 percent of Hoosier children - an estimated
...Bush and the first two years of the Barack Obama presidencies - American family median net wo...Median net worth dropped from $126,400 in 2007 to $77,300 in 2010. ...
... by issues besides unemployment, it is worth observing that his approval ratings fell in lock s...
This income gap is mild when compared with the racial wealth gap. CFED, a Washington, D.C. 501(c)(3) developed a 20092010 Assets and Opportunities Scorecard based on 2006 data which showed that the median household net worth of minorities in Massachusetts was insignificant when compared with that of whites. The minority net worth was only $6,694 compared with $213,755 for whites. The difference is a factor of 3 1 .9. This is one of the greatest gaps in the country. No institution is more important for developing black wealth tban a solid black bank. For this reason, OneUnited Bank has been featured as the first business in BannerBiz. OneUnited, which is a Massachusetts bank, is the largest black owned and managed bank in the country. The article on OneUnited in BannerBiz will provide mo...
... accomplished if African Americans adopted Barack Obama's campaign theme, "Yes we can!" and develope...
First, the bad news. Before the Great Recession hit, the average family of color had a net worth of less than $30,000; the average white family's net worth was $170,000. With the economic downturn, things got worse for almost everyone, but especially for people of color. White unemployment rose to 9 percent, but unemployment among blacks is at a whopping 16 percent, and among Latinos it's nearly 13 percent. The economic crisis hits blacks and Latinos in other ways, too. They were far more likely to be saddled with high-rate, subprime loans than their white counterparts with similar qualifications, and they are more likely to be facing the loss of their main asset-their home. The election of [Barack Obama] built on centuries of struggle against injustice. It's a milestone in the healing ...
A U.S. Small Business Administration program has been revamped in order to increase the availability of financing to firms that have a showroom of expensive inventory - car, boat, RV and motorcycle dealerships. But Long Island lenders aren't clamoring to participate in the new program. Also, dealer management doubts the program will help them since local dealerships are either too big or too small to fit into the federal program.
... percent of the loans as part of President Barack Obama's Small Business Jobs Act. Program participaants must have a net worth below $15 million, a two-year profit of less than ...
..., were required to have a written component (worth sixty percent of the total score) and an oral comp.... --Barack Obama, "A More Perfect Union," Philadelphia, March...
AMERICANS have heard for two years now that this is the Great Recession and that these are the worst economic times since the Great Depression. But the tough times and the 9.8 percent national unemployment rate have not stopped the gene- rosity of Americans. The Center on Philanthropy at Indiana University estimated that Americans made more than $300 billion in charitable donations this year. That is a slight drop of 3.2 percent from the level in 2009. Nonetheless, it works out to charitable gifts of about $1,000 this year for every man, woman and child in America. In West Virginia, donations for holiday charities continue to flow. The generosity can be seen across the state from the Daily Mail Neediest Cases Appeal and the Gazette Charities Christmas Fund in Charleston to the 80th ann...
A useful life will take time to fix these problems, a useless life will take time to fuss over these problems. A useful life will assign to healing analysis, a useless life will resign to hateful paralysis. If time means anything to you, the clock is ticking and America is saying, "We have enough problems already without having you added to the list. You may not have everything you want, but you have enough to get what you want, especially what you need." Barack Obama writes The Audacity of Hope, a challenge to see a new day for a renewed people. He quotes such concerns as: our national debt now stands at $9 trillion-approximately $30,000 for every man, woman, and child in this country; the black median net worth is about $6,000, and Latino median net worth is about $8,000, compared to ...
The economic collapse of 2008 and 2009 did so much damage to the United States that only now can we begin to measure the devastation. A sentence buried in the budget that President Barack Obama submitted to Congress this week screamed for attention. "Household net worth fell from the third quarter of 2007 to the first quarter of 2009," it said, "by $17.5 trillion or 26.5 percent, which is the equivalent to more than one year's GDP.
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