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Unemployed Blacks More Resilient During Job Search than Whites

The so-called recovery of the US economy has not been equally kind to everyone. Even as the unemployment rate has remained steady at 6.3% last month, the unemployment rate for African Americans, coming in at 11.5%, is currently more than twice as high as that for white Americans. Last month, the difference was even larger with African American unemployment rate reaching 2.2 times the unemployment rate of white Americans. According to Valerie Wilson of the Economic Policy Institute, this was the biggest discrepancy since 2007. Her explanation for this? African Americans don’t give up.  Yes, African American employment has not recovered at the rate of white employment, but that’s not all. The other factor to consider, Wilson wrote last month, is that unemployed African Americans are more resilient and less likely to give up their job searches. Read more.

‘I am lucky’: Community Raises $50,000 In 36 Hours For Severely Injured Chef

It was a nightmare scenario. A Lexington, Kentucky, restaurant owner was handling a 20-gallon pot of boiling peanut sauce on June 3 when the unthinkable happened — he slipped and fell, spilling the bubbling sauce on himself, causing second-degree burns on more than 50 percent of his body. “It was awful. But I am here right now talking to you, and I am lucky,” Mamadou “Sav” Savané, 52, chef and owner of Sav’s Grill & West African Cuisine, told TODAY.com from his hospital room Thursday night. It’s no wonder that the community quickly rallied around the chef — known for finding the best in every situation — raising an astounding $50,000 in just 36 hours to help with his medical expenses and to help keep his restaurant afloat. Read more.

It’s #TimeToAct! United Nations Demands Reparations For Victims Of Sexual Violence

Following the 200 kidnapped Nigerian schoolgirls, the gang-rape and murder of “low-caste” Indian teens, and a myriad of similar cases around the globe, the United Nations is taking action against perpetrators of sexual violence in conflict-ridden countries. Reparations, UN Women says, will be their first step in ensuring justice for sexually-abused victims. The Global Summit to End Sexual Violence in Conflict, held in London on Wednesday, was highly-publicized with the hashtag #TimeToAct. The hashtag, proving to be more effective than just a Twitter trend, indeed impelled the world to act —  UN Women Executive Director Phumzile Mlambo-Ngcuka unveiled the “Reparations for Conflict-Related Sexual Violence” guidance note. Read more.

‘Reparations’ Issue Best-Seller for the Atlantic

“The Case for Reparations,” Ta-Nehisi Coates’ brief in the Atlantic for why African Americans are owed a debt for the racial penalties paid for slavery, “has brought more visitors to the Atlantic [website] in a single day than any single piece we’ve ever published,” Atlantic editor James Bennet said. Read more.

Central Atlantic Conference Passes Resolution Denouncing Redskins Name

A major sector of the United Church of Christ is calling for a boycott of the Washington Redskins until the team changes its name. The Central Atlantic Conference passed a resolution Saturday to become the latest organization to denounce a name that has frequently been condemned as a racial slur. The conference said it will urge its 40,000 members in D.C., New Jersey, Delaware, Maryland and parts of Virginia and West Virginia to boycott the team’s games and merchandise. Read more.

Paycheck Garnishes For Student Loans Jump, Senate Fails To Act On Refinancing Law

Data analyzed by The Wall Street Journal shows that paycheck garnishment for student loan borrowers was up 45 percent over the previous decade for the fiscal year ending September 30, 2013. The Education Department is actively collecting from borrowers who have defaulted on federal student loans even as debate rages on about what the government should do to help. Borrowers are in default after missing 12 monthly payments. The government can begin taking as much as 15 percent of post-tax wages without court approval at that point. Though there are different circumstances that land borrowers in this position, many of those who are falling into default, according to the WSJ, are professionals who borrowed a ton to get their advanced degrees, or those who never finished. And many who find themselves getting their wages garnished end up in that position for quite some time. Read more.

Ballin’! Michael Jordan Is Officially A Billionaire

Dr. Dre isn’t the only one moving into new tax brackets. Forbes is reporting that back in February Jordan’s annual earnings stood at $90 million and his net worth at $750 million, but sources say the Charlotte Hornets owner increased his stake in the team from 80% to 89.5% in the past several months. Read more.

 

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