It is the first time Ebola has been diagnosed in Goma, a city of more than a million people.
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Sunday, July 14, 2019
Reports state that median Black wealth may reach zero by 2053
The median wealth of Black Americans will plummet to zero by 2053, if things remain as they currently are.
You read that correctly.
Black Enterprise magazine reports that according to the Prosperity Now and the Institute for Policy Studies’ The Road to Zero Wealth report, it doesn’t matter how fat your six-figure salary may be (or how many degrees you have) the financial future looks dim. It doesn’t even matter whether or not you have a C-level suite with matching title from a major corporation, Black people are often still negatively impacted by a lower net worth than other communities.
Read More: How racist housing contracts stole $4 billion dollars in wealth from Black families
Even education doesn’t appear to be the leveling agent that it has been touted to be in generations past. The latest Federal Reserve Board Survey of Consumer Finances reports that a Black person with a Bachelor’s degree still earns only two-thirds of the median net worth of a white person with no bachelor’s degree, Black Enterprise reports.
This is largely impacted by the rate that Black students take out student loans – 77.7 percent versus 57.5 percent of white students, and this results in a higher likelihood of debt early on.
Read More: How much more money (than you) does Kamala Harris have?
“If the economy is growing at 3%, you have to earn 6% to build wealth. Your income has to grow faster than the economy,” Jeff Wilson II, author of The Lies our Parents Were Sold and Told Us and principal at The W2 Group accounting firm, told Black Enterprise. “Unfortunately, if you have massive amounts of student loan debt, your earnings will not grow faster than the debt burden that just kicked in.”
The dismal statistics hit Black women even harder. While Black women are the most educated demographic now in the United States, their net worth doesn’t reflect this fact.
According to Black Enterprise, single black women ages 20-39 who hold a Bachelor’s degree, have a median net worth of -11,000 to $0 compared to white woman in the same bracket whose net worth ranges from $3,400 – $7,500. Married Black women ages 20-39 with Bachelor’s degrees have a median net worth of -20,500 to $7,700 while married white women have a net worth range of $18,700 to $97,000.
Read More: Pras, formally of Fugees fame, charged in Obama campaign finance scheme
And this isn’t merely impacting young to mid-life women. Reports say a single sister over 60 years of age with a Bachelor’s degree has a median net worth of $11,000 while white women in the same bracket have a net worth of $384,400. Married Black women with Bachelor’s degrees who are over 60, have a median net worth of $424,000 compared to $778,000 for the average over 60, married white woman.
J.D. Smith, a wealth coach at Wealthy Women Daily, told the magazine that the solution lies in how Blacks think of accumulating wealth. He said it’s typical for African-Americans to talk about working hard instead of working smart.
“The harder you work for someone else, the more taxes you are subject to pay. I’m not just talking about income taxes. There are lifestyle taxes that communities of color disproportionately pay that no one really talks about,” Smith told the magazine. “We have to be equipped with the knowledge to transform the income we make into wealth we can keep. Your money has to start working for you if you want to build wealth.”
The post Reports state that median Black wealth may reach zero by 2053 appeared first on theGrio.
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Donald Trump writes racist tweet about congresswomen of color
Today, President Donald Trump took to twitter and did what we have become accustomed to him doing – writing offensive posts that are as unpresidential as they are divisive.
Read More: Republicans run racist Colin Kaepernick ad with darkened skin for Trump 2020 campaign
Weighing in on the situation between four congresswomen of color and Nancy Pelosi, for whom they have been critical, Trump took to twitter to tell the non-white congresswomen, including Alexandria Ocasio-Cortez of New York, Ilhan Omar of Minnesota, Rashida Tlaib of Michigan and Ayanna S. Pressley of Massachusetts, to “go back and help fix the totally broken and crime infested places from which they came.”
….and viciously telling the people of the United States, the greatest and most powerful Nation on earth, how our government is to be run. Why don’t they go back and help fix the totally broken and crime infested places from which they came. Then come back and show us how….
— Donald J. Trump (@realDonaldTrump) July 14, 2019
“So interesting to see ‘Progressive’ Democrat Congresswomen, who originally came from countries whose governments are a complete and total catastrophe, the worst, most corrupt and inept anywhere in the world (if they even have a functioning government at all), now loudly and viciously telling the people of the United States, the greatest and most powerful Nation on earth, how our government is to be run,” Trump tweeted. “Why don’t they go back and help fix the totally broken and crime infested places from which they came. Then come back and show us how it is done.”
Read More: Booker blasts Trump for zero Black nominees to circuit court judicial positions
“These places need your help badly, you can’t leave fast enough,” Trump added. “I’m sure that Nancy Pelosi would be very happy to quickly work out free travel arrangements!”
This prompted a sharp defense of the congresswomen from Pelosi and other Democrats, who viewed it as “xenophobic” and just the latest racist rant from the commander in chief, according to The New York Times.
“When @realDonaldTrump tells four American Congresswomen to go back to their countries, he reaffirms his plan to “Make America Great Again” has always been about making America white again,” Pelosi tweeted. “Our diversity is our strength and our unity is our power.”
When @realDonaldTrump tells four American Congresswomen to go back to their countries, he reaffirms his plan to “Make America Great Again” has always been about making America white again.
Our diversity is our strength and our unity is our power. https://t.co/ODqqHneyES
— Nancy Pelosi (@SpeakerPelosi) July 14, 2019
Pelosi added “I reject @realDonaldTrump’s xenophobic comments meant to divide our nation. Rather than attack Members of Congress, he should work with us for humane immigration policy that reflects American values. Stop the raids. – #FamiliesBelongTogether!”
Read More: Sen. Kamala Harris and Rep. Alexandria Ocasio-Cortez introduce Fair Chance at Housing Act
Trump’s tweets are undeniably playing to his base. Out of the four liberal congresswomen, Omar is the only one who was actually born outside of the United States, in Somalia. Pressley is Black and was born in Cincinnati and raised in Chicago, according to The New York Times. Ocasio-Cortez, who is Puerto Rican, was born in the Bronx, and although Tlaib’s parents immigrated to the United States from Palestine, the congresswoman was born in Detroit.
Three of these brave women have taken to twitter, the same medium, that the president did to reply to his ignorance.
Mr. President, the country I “come from,” & the country we all swear to, is the United States.
But given how you’ve destroyed our border with inhumane camps, all at a benefit to you & the corps who profit off them, you are absolutely right about the corruption laid at your feet. https://t.co/HLKQCotR8T
— Alexandria Ocasio-Cortez (@AOC) July 14, 2019
THIS is what racism looks like. WE are what democracy looks like. And we’re not going anywhere. Except back to DC to fight for the families you marginalize and vilify everyday. pic.twitter.com/vYzoxCgN0X
— Ayanna Pressley (@AyannaPressley) July 14, 2019
Yo @realDonaldTrump, I am fighting corruption in OUR country. I do it every day when I hold your admin accountable as a U.S. Congresswoman. Detroit taught me how to fight for the communities you continue to degrade & attack. Keep talking, you’ll be out of the WH soon. #TickTock
— Rashida Tlaib (@RashidaTlaib) July 14, 2019
The four newcomers have become increasingly vocal in their disagreements with Pelosi and other Democrats, as well as Republicans.
Apparently in the Trump administration, non-white, liberal women can’t disagree with the establishment.
Hollywood has responded to Trump’s attack. Celebrities have come out in full force to voice disgust with the POTUS.
Saluting these women. Stay pushing. Stay shining. Stay working. Stay a pain in the ass of the #RacistInChief and all his co-horts. Stay true to who you are. Stay safe. Stay together. Stay making us proud. #FourQueens pic.twitter.com/jkcXe6Z96F
— Ava DuVernay (@ava) July 14, 2019
Our #RacistInChief just told four American Congresswomen “go back to their countries…” Immigrants & their children are the heart of our country. I am proud to be #MadeByImmigrants @realDonaldTrump racist rhetoric only makes me fight harder for all. #FirstGenerationAmerican pic.twitter.com/Oh4lEDUf65
— Karamo Brown (@Karamo) July 14, 2019
Trump is a racist.
Trump is a racist.
Trump is a racist.
Trump is a racist.
Trump is a racist.
Trump is a racist.
Trump is a racist.
Trump is a racist.
Trump is a racist.
Trump is a racist. #RacistInChief— Morgan J. Freeman (@mjfree) July 14, 2019
Dear @realDonaldTrump, Those young Congresswomen must go back to their countries of NY, MN, OH and continue working on the most corrupt, inept, total catastrophe of a government (a.k.a. present day U.S.A). BTW, do you have an app that tracks your lucid moments? xoBette #BeBette pic.twitter.com/efWU86Mds2
— Bette Midler (@BetteMidler) July 14, 2019
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17 Career Books for Black Women to Help Them Level Up Professionally
We are halfway through the calendar year…and if you’re anything like us, you are already planning for 2020. As you aspire to level up financially and professionally—we’ve put together a list of career propelling books for black women written by black women. Whether you’re trying to find more balance in your life, explore your purpose, combat bias in the workplace, or work your way to the C-suite—this list is for you. After all, the best way to prepare for your future is to plan for it.
Each of these authors has the experience of navigating the world and the workplace as black women who have had to get to the core of who they are in order to experience success as defined by themselves.
If you are ready to begin a new chapter in your career and life, take a look at these reads!
17 Career Books for Black Women
1. What I Know For Sure by Oprah Winfrey
Organized by theme—joy, resilience, connection, gratitude, possibility, awe, clarity, and power—these essays offer a rare and powerful glimpse into the mind one of the world’s most extraordinary women. Candid, moving, exhilarating, uplifting, and dynamic, the words Oprah shares in What I Know for Sure shimmer with the sort of wisdom and truth that listeners will turn to again and again.
2. Year of Yes: How to Dance It Out, Stand In the Sun and Be Your Own Person by Shonda Rhimes
In Year of Yes, Shonda Rhimes chronicles the powerful impact saying yes had on every aspect of her life—and how we can all change our lives with one little word. Yes.
3. The Little Black Book of Success: Laws of Leadership for Black Women by Elaine Meryl Brown, Marsha Haygood, Rhonda Joy McLean
Each chapter in the WORKBOOK correlates to a chapter in THE LITTLE BLACK BOOK OF SUCCESS and contains a number of questions and quizzes to help you tailor each lesson to your individual needs.
4. Strategize to WIN: The New Way to Start out, Step up, or Start Over in Your Career by Carla Harris
In Strategize to Win, Carla Harris gives listeners the tools they need to get started; get “unstuck” from bad situations, redirect momentum, and position themselves to manage their careers no matter the environment.
5. Expect to Win: 10 Proven Strategies for Thriving in the Workplace by Carla Harris
While climbing the corporate ladder, Harris had her own personal missteps and celebrated numerous victories. She vowed that when she reached senior management, and people came to her for advice, she would provide them with the tools and strategies honed by her experience.
6. Finding My Voice: My Journey to the West Wing and the Path Forward by Valarie Jarrett
Jarrett shares her forthright, optimistic perspective on the importance of leadership and the responsibilities of citizenship in the 21st century, inspiring listeners to lift their own voices.
7. Double Down: Bet on Yourself and Success on Your Terms by Antoinette M. Clarke and Tricia Clarke-Stone
If you’re tired of getting second-class rewards for first-class work and you’re ready to be respected for who you are, Double Down will give you the tools and tactics to go all-in on your dreams.
8. The Path Made Clear: Discovering Your Life’s Direction and Purpose by Oprah Winfrey
Oprah shares what she sees as a guide for activating your deepest vision of yourself, offering the framework for creating not just a life of success, but one of significance.
9. More Than Pretty: Doing The Soul Work That Uncovers Your True Beauty by Erica Campbell
This book explores issues of self-esteem, identity, and God’s design for love and intimacy. She is candid about her own struggles, sharing honestly about her battle to feel “good enough” in an industry that fixates on outward appearances.
10. Believe Bigger by Marshawn Evans Daniels
Believe Bigger is about resilience, reclaiming your life, and how God uses rejection, hardship, and unexpected circumstances to awaken something greater within…if you’re willing to embrace disruption. You’ll see her go from heartbroken and hitting rock bottom financially to building a multimillion-dollar faith-centered enterprise and finding something super sweet along the way.
11. More Than Enough: Claiming Space for Who You Are (No Matter What They Say) by Elaine Welteroth
Welteroth moves beyond the headlines and highlight reels to share the profound lessons and struggles of being a barrier-breaker across so many intersections.
12. Swimming with Sharks in Dark Waters by Athene Brinson
This book is designed to help you identify, and cope, and achieve success in those corporate environments that are not well.
13. FutureProofed: How to Navigate Disruptive Change, Find Calm in Chaos, and Succeed in Work & Life by Natalia Peart
Drawing from her own research and consulting practice and the latest in business, neuroscience, psychology, and design thinking, Dr. Natalia Peart presents a new paradigm and step-by-step pathway for thriving in fast-moving times.
14. It’s About Time: The Art of Choosing by Valorie Burton
It’s About Time helps you re-imagine a life that is meaningful—at a pace that is natural—with a load that is doable and equips you with the tools to make it happen.
15. Own Your Phenomenal Self by Rita P. Mitchell
No matter your background, experience, education, or credentials, you can have what you want out of life, and you can have it on your terms.
16. Werk 101 by Koereyelle DuBose
WERK 101: Get-Your-Life-Together Guide” is the ultimate handbook sharing health, wealth, and lifestyle lessons for the modern-day woman.
17. Boss Bride by Charreah K. Jackson
This book is a bridge to create a love life and career that fulfills you: it’s time to go hard or go home.
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Parents of one of R. Kelly’s girlfriends believe she wants to commit suicide
With all of the criminal sex abuse charges swirling around R. Kelly since early this year, parents of one of the two women who had been living with the R&B singer now fear their daughter is planning to kill herself.
Parents of Joycelyn Savage worry that she and a second woman, Azriel Clary, have made a suicide pact and will go through with plans to kill themselves if Kelly is ultimately sent away for a long time, reported TMZ.
Read More: R. Kelly reportedly paid thousands for the return of sex tapes missing from his collection
Both Savage and Clary were reportedly living with Kelly inside of Trump Tower Chicago, but have relocated to another unit. Gerald Griggs, lawyer for the Savage family, told TMZ that the family believes both women are hiding out with people close to Kelly at an undisclosed location in Chicago.
Griggs says after Kelly’s most recent arrest last week, the Savages are now scared that the women are planning to kill themselves if it appears he won’t be coming home. Griggs also stated that the parents can’t seem to locate where the women even are.
Read More: REPORTS: R. Kelly arrested on federal charges of sex trafficking
According to TMZ, the parents may notify police and fill out a missing person’s report if they can’t find Joycelyn soon.
But as the Savages are worried about an alleged suicide plot, Azriel’s parents don’t believe this to be the case. Azriel’s parents tell TMZ that they don’t suspect the women have a suicide pact. They also tell the outlet that they know where their daughter, Azriel, is – in another apartment unit in the same Trump Tower building.
They say the singer actually had two apartment units in the building, and the second one was in their daughter Azriel’s name.
Read More: Chicago woman claims she was gang raped at R. Kelly’s music studio
Kelly’s latest criminal charges came Thursday night in Chicago.
As he walked his dog, federal agents raided his apartment and sealed it off. He is now facing many federal charges in New York and Illinois, including racketeering, sex trafficking and obstruction of justice.
The feds reportedly didn’t raid the second apartment in Azriel’s name.
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Survey Shows Gen Z Expects Higher Salaries After Graduation
If you are an employer and you want to catch the attention of Gen Z, you have to show them the money says a new report.
The latest demographic cohort to enter the workforce are graduating from college with a mindset that sets them apart from other generations. Specifically, they want more financial incentives.
According to a survey released by Clever, the average Gen Zer expects to make $57,964 one year out of college. This is $10,000 above the national median salary for recent grads with bachelor degrees.
That’s right—the new generation entering the workforce isn’t playing it small on the financial scale. They aren’t expecting to sit around and wait for a promotion to get the salary they seek. They are expecting the numbers to work in their favor now so they can exceed the nation’s median salary of $47,000 for recent grads with less than five years of relevant work experience.
Is Gen Z acquiring degrees and skills that will increase their income potential significantly above the average? Or is the next generation of workers creating a new reality where they believe their degree grants them immediate access to a higher salary?
Clever, a real estate data company that connects homeowners with top real estate agents in their area, performed a survey of 1,000 undergraduates to understand salary expectations and career aspirations for the next generation of workers.
Clever also used PayScale’s College Salary Report to analyze undergraduate pay expectations with median early-career salaries across the 11 most popular majors. Those majors include Engineering, Physical or Life Sciences, Nursing, Business, Computer Science, Political Science/Economics, Finance/Accounting, Psychology, Communications/Journalism, Education, and Humanities/ Liberal Arts, English/ History.
Key Findings
- Early- career salary expectations were higher than the national median across most majors. Business majors had the highest expectations, expecting 31% above the national median.
- Generation Z prefers financial rewards over workplace engagement and flex time. This is completely different than the purpose-driven goals that millennials sought to achieve in the workplace.
- Less than 40% of current undergraduates strongly believe their college education is worth the cost. The No. 1 reason Gen Zers pursue higher education is to increase their earning potential.
The study reveals that Gen Z is more financially focused than their millennial colleagues. While millennials were on a mission to find purpose and work-life balance, the new generation is prioritizing more money for their time and skills. Gen Zers are also focused on paying off debt before they make any huge life commitments such as having children or buying a home.
What do these results mean for employers who want to attract top talent? It means that firms will have to create packages that appeal to the needs of the new generation in order to remain relevant in the workplace. If companies don’t find a way to appeal to Gen Z, they may lose out on capturing the next wave of talent that will reshape the workplace.
Or maybe Gen Z will have to be more realistic when it comes to their salary expectations.
The proprietary data featured in this report is derived from a survey commissioned by Clever Real Estate and conducted by Pollfish.
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