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Rainbow Push Honors Legends and Emerging Leaders

Rainbow Push Honors Legends and Emerging Leaders

 

DETROIT, MI – The Rainbow PUSH Automotive Project, an initiative of the Citizenship Education Fund
(CEF), will convene its 14thAnnual Rainbow PUSH Global Automotive Summit, October 2-3, 2013, at

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  • Written by Roz Edward, National Content Director

Growth in black buying power continues

Growth in black buying power continues

WASHINGTON – (BUSINESS WIRE) – African-American buying power continues to increase and is expected to rise from its current $1 trillion level to $1.3 trillion by 2017, according to Resilient, Receptive and Relevant: The African-American Consumer 2013 Report.

The report was released on Friday (Sept. 20) by Nielsen, a leading global provider of information and insights into what consumers watch and buy, in collaboration with the NNPA during the Congressional Black Caucus Foundation's 43rd Annual Legislative Conference.

Highlights from the report include:

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More Americans feel graduates unprepared after college

More Americans feel graduates unprepared after college

NEW YORK – College students settling in for the year may not graduate feeling as ready for the workforce as they expected.

Although a majority of Americans believe a college degree is the most important factor in career success, they're increasingly skeptical schools are doing a good enough job to prepare students, a new study conducted for Northeastern University found.

According to the study, 62 percent of the people surveyed rated colleges' efforts to prepare graduates for the economy as "poor" or "fair." Half said the quality of preparation had declined over the last 10 to 15 years, and nearly as many said colleges aren't in tune with today's job market.

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  • Written by Gregory Wallace/CNNMoney

Where is the money? Try ‘factoring’ this

Where is the money? Try ‘factoring’ this

No matter the size of the firm, many businesses regularly face cash shortages. When small or new businesses face such a squeeze the options are more limited. But if the business has accounts receivables, which is an asset that can be sold, "factoring" may be an option.

Factoring entails the business selling its accounts receivables at a discount to a third party known as a factoring company. The discount is the incentive for the factoring company to take a risk by advancing money on the receivables.

In a normal factoring deal, there are three participating parties: the business selling the accounts receivable, the one buying the accounts receivable (the factoring company), and one who owes the accounts receivable (customer of the seller or the debtor). The accounts receivable usually have to be owed by a dependable verifiable source that has a credit rating worthy of the factoring company its money

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How a pension could affect Social Security benefits

How a pension could affect Social Security benefits

If you expect retirement income from a pension and Social Security, congratulations! These two income streams, along with your retirement savings, could put you on a comfortable financial footing. However, you might not be aware that your pension could affect your Social Security benefits.

Eliminating windfalls

Private-sector workers who earn a pension typically pay Social Security payroll taxes, in which case the pension should not affect their Social Security benefits. However, an issue arises when someone receives a pension based on earnings in which Social Security taxes were not paid — typically from a federal, state, or local government, a nonprofit organization, or an employer in a foreign country — and the individual is also eligible for Social Security benefits based on employment from other jobs. In these situations the Social Security benefit may be reduced by the Windfall Elimination Provision (WEP).

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Yes, the rich are getting richer

Yes, the rich are  getting richer

WASHINGTON– A new report confirms the old saw: The rich are getting richer.

According to a report titled, "Striking it Richer: The Evolution of Top Incomes in the United States" by researchers at the University of California at Berkeley, "From 2009 to 2012, average real income per family grew modestly by 6.0 percent but the gains were very uneven. Top 1 percent incomes grew by 31.4 percent while bottom 99 percent incomes grew only by 0.4 percent."

The report continued: "Hence, the top 1 percent captured 95 percent of the income gains in the first two years of the recovery."

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  • Written by Freddie Allen/NNPA News Service

How iPhone 5S makes your finger into a password

How iPhone 5S makes your finger into a password

The most impressive feature of the new iPhone 5S may be its ability to turn your finger into a password.

Touch ID is Apple's name for a new fingerprint scanner that would act as a security tool for log-ins and for making purchases from iTunes and other Apple stores.

"Your fingerprint is one of the best passwords in the world," said Dan Riccio, a senior vice president for hardware design at Apple, in a promotional video. "It's always with you and no two are exactly alike."

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  • Written by Doug Gross/CNN

Long-term care: Evaluating the need

Long-term care: Evaluating the need

Even though the possible need for long-term care is not something people enjoy thinking about, an estimated 70 percent of 65-year-olds will need this type of care at some point in their lives.

The average cost of a semi-private room in a nursing home was nearly $75,000 a year in 2012, and it's been projected that the annual cost could reach nearly $165,000 in 20 years due to inflation.

Some wealthy households can afford to pay for long-term care out of pocket. Many others with substantial financial assets might not be sure whether they have saved enough to meet their future needs. Thus, it may be wise to consider whether your financial resources would be adequate for a worst-case situation.

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