19
October , 2018
Friday

 Chicago, IL -The Italian American Chamber of Commerce-Midwest (IACC) will present its coveted awards to ...
David Beckham and Muhammad Ali took to the stage together at the Beyond Sport Summit ...
Event to Raise Funds for Children and Their Families Through the Charles Tillman Cornerstone Foundation ...
Homebuyers Will Get Keys to Success; Mother of RGIII to Speak At Event Hyattsville, MD ...
 Marc Morial President, National Urban League  The times have called for swift and organized action (see the ...
National program offers Information Technology Internships (and jobs) to low income young adults Nationwide (BlackNews.com) -- ...
Morial's statement "Upon verification of the recent audio recording purportedly of Los Angeles Clippers ...
  GLEN ELLYN, IL – New Philharmonic and Maestro Kirk Muspratt present the orchestra’s2012-2013 season featuring five ...
Five members of the St. Louis Rams used the pregame introduction to give the ...
Attorney General Loretta E. Lynch released the following statement on the sentencing of Dzhokhar Tsarnaev: “Dzhokhar ...

Archive for April 11th, 2018

Attorney General Madigan Collects Nearly $900 Million in State Revenue in 2017

Posted by Admin On April - 11 - 2018 ADD COMMENTS

 

Recoveries During Attorney General Madigan’s Tenure Top $14 Billion for State of Illinois

 

CHICAGO, IL  —  Illinois Attorney General Lisa Madigan announced her office collected $864 million in revenue on behalf of the state through litigation and collection efforts in 2017. Since Madigan took office, her office has collected over $14 billion on behalf of the state.

 

The revenue collected for the state by Madigan shows that for every dollar of taxpayer funding her office received, she generated $28.01 back to the state.

 

“Since becoming Attorney General, I have brought in more than $14 billion for Illinois, including nearly half a billion dollars in funding for our state’s pension systems as the result of the 2008 financial crisis,” Madigan said. “I am proud of my work to generate needed revenue for the state of Illinois especially during difficult economic times.”

 

The revenue collected by Madigan in 2017 included $19.5 million for Illinois pension systems from a settlement with Moody’s Investors Service to resolve an investigation into its marketing and sale of risky residential mortgage-backed securities leading up to the 2008 economic collapse. In addition to this settlement, Madigan has reached six other settlements – with Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Standard & Poor’s – stemming from investments in mortgage-backed securities that resulted in recovering over $450 million for the pension systems.

 

Madigan’s office also collected over $339 million through collections litigation, including cases involving the collection of funds for damage to state property, child support enforcement, fines and penalties. Madigan also collected more than $250 million through tobacco litigation and more than $254 million in estate tax revenues.

 

In addition to recoveries for the state, Madigan’s Consumer Fraud Bureaus mediated nearly 25,000 complaints in 2017 and provided more than $6 million in mediated savings for Illinois consumers.

 

 

Fair Housing Act: A Milestone on the Journey to Equality

Posted by Admin On April - 11 - 2018 ADD COMMENTS
 Op-ED By Jeffrey W. Hicks
 
 

 

A half-century ago, the Fair Housing Act was enacted to prohibit discrimination in housing based on race, color, creed and national origin. The law also supported NAREB’s efforts toincrease Black homeownership which we believe serves to increase wealth and other economic outcomes for Black Americans.

 

We have since experienced highs and lows in the journey towards economic empowerment and Black homeownership. While sometimes challenged, we are not discouraged. And, we have learned vital lessons along the way.

 

The National Association of Real Estate Brokers (NAREB) has advocated for Black Americans to own their homes since 1947, and we are proud to play a leadership role in that struggle. But this is not a solitary endeavor. We must grow a “Community of Concern” by partnering and actively involving civil and human rights organizations, community-based and social service organizations, business groups, and the faith-based community-our oldest and most trusted institution. We must collaborate to create strong, viable communities that help to stabilize Black Americans and their families through homeownership.

 

In 1970, two years after the passage of The Fair Housing Act, Black homeownership was 41.6 percent. It reached its height in 2004 at 49 percent. Today, Black homeownership stands at 42.1 percent, almost the same as nearly 50 years ago. The economic downturn of a decade ago hurt many Black homeowners with high foreclosures, upside-down mortgages, and financial upheaval from which many are still struggling to recover.

 

Today, economic segregation remains a problem. Urban centers, long the home of Black Americans, are being gentrified. Many with deep community roots are being forced out by rising taxes and skyrocketing housing values.

 

While obvious obstacles like Jim Crow segregation no longer exist, we still face formidable obstacles to owning homes. Obstacles like credit scoring, which is based not on how diligently we pay our bills, but on how much consumer debt we can amass. Obstacles like crippling student debt, which impacts Black Americans deeply. Obstacles like unfair mortgage lending practices.

 

Despite these challenges, we know that wealth can be built through education, through financial literacy, through creating and growing our Community of Concern to support homeownership. This is how Black America educates its children and how we set up businesses-by using equity from our homes to invest in ourselves, our families and our futures.

 

We stand on the shoulders of NAREB founders and visionaries like Dr. Martin Luther King, Jr. who spoke to NAREB in 1967 about the need for “middle-class Negroes to … publicly identify with the problem of poverty which engulfs the life of the masses.”

 

NAREB’s motto is “Democracy in Housing,” and we will continue to fight for that. We must continue to be vigilant. We must continue to EDUCATE Black Americans, to ENCOURAGE Black Americans, and do everything we can to EMPOWER Black Americans to build wealth, to build stability, and to invest in our futures through that most fundamental part of the American Dream: homeownership.

Jeffrey W. Hicks is the 30th president of the National Association of Real Estate Brokers.

 

NAACP: The Breach and Misuse of Data (on Facebook) of 87 Million Users was Negligent at Best…

Posted by Admin On April - 11 - 2018 ADD COMMENTS

 

NAACP Statement on Facebook’s Improper Data Collection Breach

 

Following the congressional testimony given today by Mark Zuckerberg, founder and CEO of Facebook, NAACP remains concerned about the data breaches and numerous privacy mishaps that the tech giant has encountered in recent years, and is especially critical about those which occurred during the 2016 presidential election campaign.

 

In October of 2017, NAACP issued a statement reprimanding the Russian sponsored advertisements that appeared on Facebook – ads that were used as propaganda in the 2016 presidential campaign, and promoted disingenuous portrayals of the African American community. In March 2018, press reports revealed that Cambridge Analytica, a British big data firm, gained access to the personal information of 87 million Facebook users without the users’ consent.

 

“The breach and misuse of data of 87 million users was negligent at best and exploitative at worst,” said Derrick Johnson, president and CEO of NAACP. “Sixty-seven percent of African-Americans who use the internet are on Facebook, and a significant amount of them may have been affected by the breach. Privacy, whether offline or online, is an unquestionable civil right, and Facebook has a duty to protect its users from any malicious attacks, and inform them on any failures in protecting them from such attacks. On both accounts Facebook has failed its users, particularly the people of color who were adversely affected by the propaganda promoted during the 2016 presidential election.

 

“Facebook’s commitment to the Honest Ads Act – an act that would mandate that political ads be clearly labelled as such – is an admirable first step towards reconciliation of their gross negligence – however much more needs to done to ensure that African Americans will not unfairly bear the brunt of Facebook’s business model. Just yesterday, it was revealed that the largest Black Lives Matter page on the platform is in fact a fake page linked to a white man in Australia. Such revelations call into question Facebook’s integrity and how much the company values its overwhelming amount of Black users.

 

“With the issue of Net Neutrality already posing a challenge to African American internet users, NAACP cannot stay silent on any further exploitation of our core constituency on the web. Both the Russian sponsored ads and the hack by Cambridge Analytica, a firm that worked on the Trump campaign, were methods that may have influenced the 2016 presidential campaign by suppressing the Black vote. In a democracy where our vote is our currency, NAACP is calling on Facebook to take a stance against any methods of voter suppression on its platforms, and make significant changes to its operations which would ensure a stronger safeguard on the data of its African American users.”

FTC Asking for Access to Your Computer? It’s a Scam

Posted by Admin On April - 11 - 2018 ADD COMMENTS

 

Scammers pretending to be with the FTC or with FTC refund administrators are calling, asking for remote access to your computer. It’s been reported that the scammers are calling specifically about the FTC’s Advanced Tech Support refund program. Their goal is to make you think you are moments away from getting money that’s owed to you – and, to get the money, all you need to do is allow them to connect to your computer. It’s a scam.

These kinds of scams, where imposters ask for remote access to your computer, are called tech support scams, and they exist in many forms. They may try to trick you into installing malware, sell you software that’s worthless, or direct you to websites and ask you to enter your credit card number and other personal information. They may also ask you to pay them by buying gift cards or prepaid debit cards at local stores or online.

In the case of the FTC’s Advanced Tech Support refund program, all checks have already been mailed to those affected. The FTC is no longer accepting any new claims. The scammers have told people to call if they have questions, but the number they give also is false. The only number to call for information about the real Advanced Tech Support Refund program is 877-793-0908.

The FTC and its refund administrators will never request remote access to your device, or ask you to pay to receive a refund. Any caller who does is a scammer. If you get a similar call, hang up immediately, report it to the FTC, and spread the word. It may help someone close to you avoid a scam.

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Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

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