Jamaica went deeper into recession in the third quarter, during which the economy contracted by 0.6 per cent year over year, said the Planning Institute of Jamaica (PIOJ). The July to September performance would follow GDP declines in the first and second quarters of 0.1 per cent and 0.2 per cent respectively, as recorded by [...]
President Obama and First Lady Michelle on Ebony Cover
October 11, 2012 | Posted by
President Barack Obama and first lady Michelle grace the cover of the November issue of “Ebony Magazine” as election day draws near and voters of all colors are eager to know where the nation’s leader stands on the issues. Inside the issue, the Commander-in-Chief is interviewed by MSNBC host Melissa Harris-Perry and discusses education, health [...]
Do Women Enhance Their Beauty During The Recession To Attract A Mate?
September 15, 2012 | Posted by
A new study claims women buy more beauty products when the economy is down. The recession is still hitting us hard four years after it began, and as a result, we’ve changed the way we shop, splurge and save money. But besides making us desperate for cash, are these hard economic times making us desperate [...]
Credit Scores for Blacks Devastated by Recession and Housing Collapse
July 15, 2012 | Posted by
The recession and housing collapse has created a major drop in the credit scores of African Americans across the nation, wiping out the net worth of black families, and it could take an entire generation for the black community to recover, according to an alarming report in the Washington Post. Though the Federal Reserve is [...]
Monthly Food Stamps A New Norm For Devastated Middle Class
June 17, 2012 | Posted by
Morris County, New Jersey, is the mark of the American middle class. Million-dollar homes are no surprise in a county where the median household income sits at about $91,000. However, a well-polished exterior hides the impact of the recession, as the number of people in Morris County receiving food stamps has almost tripled in the [...]
