Recent Articles

Introducing a new column on financial advancement

Good credit — is it overrated?  

There was a time when cash was king. It seems like those days are long gone and now credit determines everything. Our county, from top to bottom, is built on credit. We need credit to buy a home, a car, to rent an apartment, to lease anything, to get a cell phone, to gain employment, to start a business, to determine interest rates on any financial obligation and your insurance payments. Continue Reading →

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Detroit: down but not out

Detroit News journalist says of Chapter 7, “It’s simply a regrouping”
By Charles Hallman

Staff Writer


Contrary to recent reports, after filing for bankruptcy protection last month, Detroit is still alive and well. According to some national pundits, the blame for Detroit’s financial woes starts and ends with the city’s five-decades-plus Black leadership, while

others suggest that Michigan Gov. Rick Snyder, a Republican, is not committed to helping the state’s largest and historically Democrat-controlled city. The Detroit News last week reported that Snyder as early as April 2012 vowed to help collect “millions of dollars in unpaid income taxes from 54 percent of Detroit residents who work in the suburbs.” If their employers don’t automatically withhold taxes from their paychecks, individuals are required to “estimate and remit the taxes each year on their own,” noted the news report. An estimated $142 million in uncollected income tax revenue in 2009 is owed to Detroit by city residents who work in suburban Detroit, reported the newspaper. It is estimated that Detroit is nearly $19 billion in debt. Continue Reading →

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Better Way To Life founder finds fulfillment helping the homeless

News Analysis

By Dwight Hobbes

Contributing Writer

It is the job of politicians, more than actually solving the public’s problems, to make sweeping statements about how well they supposedly are solving the public’s problems. That’s why a Gallup Poll was trotted out last year extolling that unemployment had fallen to its lowest level since 2008. Never mind that December of that year started out with the National Bureau of Economic Research stating what everyone who works for a living already knew: In 2008, the U.S. economy was a catastrophe, being officially in recession since 2007. And that, officially or not, as far back as 1982, when Gary “U.S.” Bonds recorded “Out of Work,” it might as well have been the new national anthem. Since no one has ever been known to worry about lobbyists for the homeless vote, politicians let the Homelessness Prevention and Rapid Re-Housing Program die in 2012, leaving the disenfranchised in worse shape than ever. If we aren’t in an actual depression, all that’s missing is Wall Street high-fliers going sky-diving without their parachutes. Continue Reading →

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