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Debt settlement programs are misleading

Debt settlement programs are misleading
You’ve probably heard the advertisements on urban radio urging consumers with at least $10,000 in debt to call a number right away for a financial rescue. Promising to end debt troubles by getting creditors to somehow accept less money than what is owed can sound really appealing. In reality, however, consumers mired in debt may often find debt settlement programs to be costly, misleading, and far less helpful than the radio ad promises.
 
In the newest chapter in the research series titled The State of Lending, the Center for Responsible Lending (CRL) finds that debt settlement is a risky strategy that can leave consumers more financially vulnerable and still laden with debt years after they enroll in such programs.
 
Regardless of how well consumers follow the instructions of their debt settlement firm, they may ultimately be unsuccessful because many creditors simply refuse to deal with debt settlement companies.

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Too many African Americans are ‘credit invisible’

Too many African Americans are ‘credit invisible’
“I am invisible, understand,” Ralph Ellison famously wrote, “simply because people refuse to see me.”
 
He was speaking of the double consciousness that accompanied the burden of blackness in America more than 60 years ago. But according to Yale professor Frederick Wherry, this conundrum is not just social and political but also economic—and that sense of invisibility persists in the 21st century.
 
It may come as no surprise that in the nation’s supposedly colorblind age, access to income, credit and financial solutions remains riddled with racial inequity – and those on the losing end are disproportionately African American.

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The business of tipping

The business of tipping
A huge part of a restaurant’s success is the ability to maintain great wait staff.  This becomes a major challenge when customers do not adequately compensate the waiters. 
 
In some states, waiters are paid a base salary that is a fraction of minimum wage, with the expectation that tips or gratuity will make up the difference. The lack of appropriate tipping is the primary reason excellent waiters move on to better-paying gigs. Soon after great staff leaves, the service begins to suffer and customers wonder why.
 
So many situations call for tipping that it is easy to become confused.  Sit-down restaurants, buffets, bars and hair salons are only a few of the locations where tipping is not only desired but expected. Tipping is considered a part of etiquette, according to the experts at the Emily Post Institute. How much to tip and how often are the questions that perplex many.

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A trailblazer’s view of ‘Building Atlanta’

A trailblazer’s view of ‘Building Atlanta’
ATLANTA – Atlanta businessman, construction management mogul, philanthropist and now author Herman J. Russellhas released his book, “Building Atlanta: How I Broke through Segregation to Launch a Business Empire.”
 
 Award-winning broadcast journalist Angela Robinson recently hosted a book signing and interviewed Russell on his life, struggles, and how he broke through segregation to launch his business empire. The interview was serious and at times brought memories that provoked tears and laughter. 

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The BE 100s

The BE 100s
 
NEW YORK – (PRNewswire) – In the 42nd annual report on black business under the theme, “Scale Up Your Business,” Black Enterprise (BE) editors found scores of BE 100s CEOs who have remodeled their companies for opportunity and expansion.
 
BE reports that scalability has been the foundation of growth for the five billion-dollar revenue leaders – World Wide Technology Inc., ACT-1 Group, Bridgewater Interiors L.L.C., Modular Assembly Innovations L.L.C., and RLJ McLarty Landers Automotive Holdings L.L.C. – and BE’s 2014 companies of the year.
 
“The BE 100s – the nation’s largest black businesses – continue to be the standard bearers for all American enterprises, demonstrating that sustained business growth comes when ideation and innovation is wedded to execution and excellence,” says Black Enterprise Senior VP/Editor-in-Chief Derek T. Dingle. 
 

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Benjamin F. Chavis Jr. named NNPA interim president and CEO

Benjamin F. Chavis Jr. named NNPA interim president and CEO
 
PORTLAND, ORE, – (NNPA) – Benjamin F. Chavis Jr., a global business leader, educator and longtime civil rights activist, was elected interim president and CEO of the National Newspaper Publishers Association at the group’s annual meeting here Wednesday, NNPA Chairman Cloves Campbell has announced.
 
Chavis is president of Education Online Services Corporation (EOServe Corp.), the premier provider of online higher education for Historically Black Colleges and Universities (HBCUs). He is also president, CEO and co-founder with Russell Simmons of the Hip-Hop Summit Action Network (HSAN), the world’s largest coalition of hip-hop artists and recording industry executives. He serves on numerous boards, including the National Association for Equal Opportunity in Higher Education (NAFEO).

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