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Holiday shopping & African-Americans

Holiday shopping & African-Americans

African-American parents wish there were more culturally relevant toys to give to their children, according to a new survey commissioned by Walmart.

Walmart – America's largest seller of toys – surveyed African-American parents to ask them about their opinions on holiday toys. African-American parents agreed the most (77 percent) with the desire for more toys that are representative of their family's race, ethnicity and/or culture.

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Ugwueke moves up leadership ladder

Ugwueke moves up leadership ladder

Michael Ugwueke has been selected as executive vice president and chief operating officer of Methodist Le Bonheur Healthcare.

Ugwueke is currently senior vice president, Methodist North and South Hospitals. He will begin transitioning to his new role in January.

As chief operation officer, Ugwueke will provide strategic and operational leadership for the system's five adult inpatient hospitals and affiliated companies.

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  • Written by Special to the Tri-State Defender

Certification: The MMBC Continuum

Certification: The MMBC Continuum

In the local market, various diversity certifications are offered by several entities, including The Mid-South Minority Business Council Continuum, where Erica Powell is director of Member Registration.

Carlee McCullough, Esq.: Mrs. Powell thanks for taking the time to share your experiences and knowledge with us. Tell us a little bit about yourself and how you became interested in expanding and promoting economic opportunities for minorities and women in business?

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FDIC bank closures: Is your money safe?

The Federal Deposit Insurance Corporation (FDIC) recently closed nine banks in one day. The closings boosted the number of failed U.S. banks this year to 115. Given that, and the recent turmoil at CIT Group, you might be worried about the safety of your money in financial services and investment companies.

What advice do financial planners have for Americans who are worried about the money they have in banks and brokerage accounts? Here's what FPA member Sam Hull, CFP®, CPCC, a partner with Whitewater Transitions, had to say:

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‘Bank On Memphis’

‘Bank On Memphis’

"Bank On Memphis" – a financial literacy program that debuted in 2011 – has been fine-tuned and given a sharper focus.

The program's relaunch is a collaboration that features Mayor A C Wharton Jr. and David Lenoir, Shelby County Trustee. Wharton and Lenoir are moving forward with the program thanks to a $10,000 contribution from Regions Bank. The funds are directed toward the costs of outreach, including a renewed marketing push.

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Unemployment rate lowest since 2008

Unemployment rate lowest since 2008

NEW YORK – Modest hiring continued in November and the unemployment rate fell to its lowest level in nearly four years, according to a report released Friday.

The U.S. economy added 146,000 jobs in November, and the unemployment rate fell to 7.7 percent from 7.9 percent in October, the Labor Department said. While that's the lowest unemployment rate since December 2008, it fell due mainly to workers dropping out of the labor force.

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  • Written by Annalyn Kurtz/CNNMoney

A mortgage in retirement may not be such a bad idea

Back in the 1950s as many Americans entered homeownership, the one common goal was to eventually pay-off the mortgage and own the house outright. Many years later, when the mortgage was paid-off people would have mortgage-burning parties where they invited friends and relatives to watch them burn the mortgage papers after making their last payment.

Reaching this goal was a sign of success and represented a way to a worry-free retirement.

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