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Report: U.S. Attorney General Eric Holder to step down this year

holder 600U.S. Attorney General Eric Holder plans to step down some time this year, according to the New Yorker's Jeffrey Toobin, whose feature story is slated to run in the magazine's Feb. 17 issue, the Washington Times reports.

The first African-American attorney general told the writer that he planned to remain "well into" 2014, but he also told CBS News last year, on Nov. 19, that he didn't have "any plans" to step down, the Washington Times reports.

Holder, a graduate of Columbia Law School, first joined the U.S. Justice Department in 1976 and was appointed to the Superior Court of the District of Columbia in 1988 by President Ronald Regan. He would later join the Clinton administration as a Deputy Attorney General in 1997, the first African-American to hold that position. After the Clinton years, Holder practiced at a private firm before joining the presidential campaign of Barack Obama.


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Will the next black senator be a familiar face from Oklahoma?

oklahoma 600Oklahoma. With its wide ranges, tornado alleys and young, upstart NBA franchise, it's the last place you'd think of when considering black political hotbeds. But as Sen. Tom Coburn prepares to retire after a yearslong battle with cancer, black Republicans in the Sooner State are seeking to flip that script on its head.

A crowded Senate-primary field is emerging, with conservative Republican powerhouses eyeing the reliably red seat as a career step to the next level. That landscape, set against the larger battle of wills between establishment Republicans, evangelical conservatives and mosquito-buzzing Tea Party irritants, is actually being shaped and shifted by a fairly influential tag team of black Republicans with national clout.

Young Oklahoma state House Speaker T.W. Shannon just announced his bid last week. And another name floating around is that of Shannon's former boss: J.C. Watts. The former congressman, once a rising star in the Republican Party who rode in on former House Speaker Newt Gingrich's "Contract With America" wave, abruptly cut short his visible political career in pursuit of evangelical ministries and consulting contracts.

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Tax season means it’s time to focus

taxes 600As employees receive W-2s and independent contractors receive 1099s, many will be anticipating a refund and others may owe money. The connecting bottom line is that taxes must be filed in a timely manner.

Those expecting a refund usually will rush to file as soon as possible. While those expecting to owe the Internal Revenue Service (IRS) will frequently wait until the April 15th deadline.

Many years ago, there were only a few major tax preparation firms, along with accountants, that prepared taxes. Now, small businesses dedicated solely to tax preparation have sprung up all over the Mid-South. These businesses are thriving and experiencing tremendous growth with a business model based on operating only a few months of the year.

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Ford teams with Dr. Henry Louis Gates for Black History Month

gategala 600DEARBORN, Mich. (PRNewswire) – Dr. Henry Louis Gates Jr. will join Ford Motor Company's African American employee resource group, Ford-employees African-Ancestry Network (FAAN), in celebrating Black History Month on Feb. 21.

The theme, "Finding Your Roots," is inspired by Gates, the keynote speaker, who is host of the PBS series "Finding Your Roots." He is also the Alphonse Fletcher University Professor at Harvard University.

Established in 1983, FAAN is Ford's first employee resource group. Its motto, Networking Today for a Successful Tomorrow, encompasses the organization's goal to help people of African descent and other diversity constituents to maximize their contribution to Ford Motor Company.

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Fearing gentrification, Black Portland neighborhood tells Trader Joe’s ‘no’ to new store

traderjoe 600The Trader Joe's grocery store chain recently announced that it no longer plans to open a store in a predominately African-American neighborhood in Portland after activists claimed the store's prices weren't affordable for black families.

Local community leaders and activists said opening a Trader Joe's in the historically black neighborhood would "increase the desirability of the neighborhood for non-oppressed populations" and risk gentrifying the neighborhood.

In a statement to EurWeb, the Portland African American Leadership Forum said having a somewhat pricey food store in their Portland neighborhood would displace residents and perpetuate income inequality in the area.

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