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ISBE shares federal guidance and toolkit to address chronic absenteeism   SPRINGFIELD, IL — The Illinois State ...
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Archive for the ‘Finance’ Category

Illinois Sec’y of State Jesse White hosts free seminars to recognize Money Smart Week

Posted by Admin On April - 23 - 2012 ADD COMMENTS

Illinois Secretary of State Jesse White announced that his office will host a number of events in Chicago and Springfield to help consumers learn to manage money wisely. These events are among more than 500 free classes, seminars and activities promoting financial education in Chicago alone during Money Smart Week.

Money Smart Week (April 21-April 28) is designed to educate consumers about money management and create awareness of financial education programs on a wide range of topics such as budgeting, saving and using credit wisely. The educational activities will be carried out by local community groups, businesses, schools, government agencies, and non-profit organizations.  The week is coordinated by the Federal Reserve Bank and its Money Smart partners.

“For ten years, Money Smart Week has brought financial literacy to the community, to schools and the workplace,” White said.  “We are proud to participate and offer valuable information during this week.  I urge everyone to take advantage of these informative events and get ‘money smart’.”

On Wednesday, April 25, White’s Securities Department will host the annual Financial Regulators Fair in the lobby of the James R. Thompson Building at 100 West Randolph St. in Chicago.  State and Federal agencies that deal with financial matters will have staff available at various booths to provide information and answer questions.  The fair, which starts at 10 a.m. and ends at 2 p.m., is free and open to the public.

Also during Money Smart Week, the Securities Department will be hosting seminars in schools and workplaces throughout Illinois.  Any company or organization interested in having a free fraud presentation at their site can contact the department at 800-628-7937.

In Springfield, on Monday, April 23, the office will provide an investment fraud presentation during a program at the United Way headquarters at 1999 West Wabash Ave. from 5:30 p.m. to 6:30 p.m.  The program is free to the public.

On Thursday April 26, the Securities Department will be on hand to discuss scams and how to avoid them at the Money Smart Week financial seminar at the Maryville Community Center in Maryville from 6:30 p.m. to 8:30 p.m.

Additional information and a calendar of events for this year’s Money Smart Week are now available at http://www.moneysmart.org.

Entrepreneur seeks advice from Black millionaires and gets it!

Posted by Admin On March - 29 - 2012 ADD COMMENTS

Bro. Bedford shares wisdom, lessons, & strategies from black millionaire entrepreneurs in FREE training at www.howtobeablackentrepreneur.com

 

Detroit, MI (BlackNews.com) — With the current crisis of Black unemployment, many African Americans — like other Americans — have turned to entrepreneurship out of necessity where job growth has slowed or disappeared. Many organizations report that this trend is likely to continue for all Americans as we continue to shift to a new, globally competitive economy.

According to data from the Census Bureau, African-American entrepreneurship is on the rise at rates greater than the general population. The challenge has been, starting and sustaining successful businesses.

Brother Bedford, founder of The Association of Black Entrepreneurs, has been on a mission seeking advice from Black Millionaires and thought leaders on what it really takes to start, grow, and sustain a successful business.

“If you ask any black person if they want to be an entrepreneur or have a successful business, the answer is yes. They just don’t know how or they think it is too hard or out of their reach,” says Bedford.

He also states, “The educational system is not set up to teach people how to be an entrepreneur or turn their talents and skills into a business. That’s why I started seeking as much knowledge and advice as I could from those who have built successful 6, 7, and 8 figure businesses.”

Bedford was shocked to see how some of our legendary millionaire entrepreneurs were willing to share their challenges and what they did to succeed.

Business Hall of Famer, George Fraser, Radio One & TV One founder, Icon Cathy Hughes, the world’s #1 Motivational Speaker, Les Brown, NBC’s Donald Trump’s Apprentice Winner, Randal Pinkett, & star of The Secret, Lisa Nichols are just a few of the Millionaire entrepreneurs that Brother Bedford has interviewed.

Bedford shares the golden nuggets that he has learned from these business leaders through his websites and FREE reports.

Bob Johnson, America’s first Black billionaire says, “Bro. Bedford has provided a tremendous service to the African-American community…”

Bro. Bedford is preparing for a national tour titled “You Were Born an Entrepreneur” to further inspire black people to think like entrepreneurs to solve the deepening economic crisis in the black community. For more details about his free training, visit www.howtobeablackentrepreneur.com

Photo Caption: Bro. Bedford, founder of the Association of Black Entrepreneurs

 

Black financial expert says “money does grow on trees!”

Posted by Admin On March - 8 - 2012 ADD COMMENTS

“Why occupy Wall Street when you can live on easy street?”

 

Buffalo, NY (BlackNews.com) — Dr. William C. Small and FirstWorld Publishing have released his new book, Money Does Grow on Trees. As Asians are earning nearly $300,000 in annual income per business compared to only $75,000 for African Americans, according to the Bureau of Economic Statistics, the book arrives in time to reveal knowledge about what money really is and how wealth is actually created that appears to be lost on the current generation.

Money Does Grow on Trees raises the questions that seemingly nobody in the Occupy Wall Street Movement has thought to ask: Why do 1% of American families control over 80% of the wealth? What do they know that the 99% don’t? We know that they didn’t put on ski masks and rob people at gun point to forcibly steal the majority of America’s wealth. So how did they manage to get it?

The book reveals secrets the 1% use to amass and maintain their fortune. It shares knowledge that people like Mitt Romney and Warren Buffet as well as Lady Gaga, Tyler Perry, Kim Kardashian and Oprah Winfrey used to become incredibly wealthy and encourages the 99% to use the same strategies.

For more details and/or to purchase the book, visit www.moneydoesgrow.com

ABOUT DR WILLIAM C. SMALL

Dr. William C. Small has 15 years experience as a Financial Planner with AXA, The Equitable, Primerica and A. L. Williams where he was licensed to assist clients in obtaining insurance, stocks, bonds and other financial services. He holds a Ph.D. in Religious Studies and is President/CEO of Beautiful Feet Ministries, Inc. Dr Small has authored many books including: Relationships 911, Strengthening the Family, and Surprising Secrets of the Fortune 500.

Don't blow it: Put that income tax refund to work for you

Posted by Admin On February - 27 - 2012 2 COMMENTS

Washington, DC (BlackNews.com) — If you’re waiting for your income tax refund, think first before you spend it. Put it to good use to help lower your debt, and in the long run improve your credit score.

Those Americans who are fortunate enough to receive a tax refund check are eager to splurge on a new outfit, a fancy pair of shoes or that new HDTV. Dionne Perry, sales director of Financial Education Services in Washington, D.C., says you’ll be better off using those extra funds to completely pay off a bill or pay down on a credit card you’ve had for years.

“So many people are happy when they know they’re going to get a tax refund,” says Perry, who has been a licensed mortgage broker and certified loan-signing agent. “But what they don’t realize is that with the credit markets still so tight, you need to pay off some bills so that you can improve your credit score.”

Why is a “credit score” so important? Perry explains that banks, credit card issuers, mortgage companies and financial companies use this score to determine how much of a credit risk you are. There are three major companies (Experian, TransUnion, Equifax) that track your payment history, the amount you currently owe lenders, the length of credit history, the number of new credit accounts opened or applied for and the mix of credit accounts you have, e.g. mortgages, credit cards, installment loans. The higher your credit score (720 and above), the more likely it is that you can get loans, refinance your mortgage and in some cases, land a new job or get a promotion. A low credit score (below 720) will make it more difficult for you to get access to credit, particularly if you’re trying to buy a new car, house or even a computer or washing machine or dryer.

“I work with you to sort this all out, then help you with a plan to improve your score that will really help your financial well-being now – and in the future,” Perry says.

To win a free consultation from Perry, send your name, email and phone number to her by email at dionneperry37@yahoo.com or call her at 703-593-5488.

For more information about her expertise and other services she offers, go to www.rebuildmycredittoday.com.

The National Black Church Initiative launches national boycott against BB&T Bank

Posted by Juanita Bratcher On February - 9 - 2012 ADD COMMENTS

 

 NBCI Investigating 35,000 Complaints

 

Washington DC – The National Black Church Initiative (NBCI), a coalition of 34,000 churches spanning 50 denominations and representing 15.7 million African Americans, is outraged at the lack of support that BB&T Bank has shown the African American community.  Therefore, we are declaring a national boycott against BB&T over the next seven years and we are going after 40% of their profits.

As of September 30, 2010, BB&T Corporation is the 10th largest U.S. financial services holding company, with $157.2 billion in assets.  As a leader in banking, their responsibilities are amplified – BB&T can and should address the issues American investors and customers are experiencing due the negligence and fraud financial institutions have committed.  BB&T has created a hostile service environment toward its customers. It seems to have directed some of that hostility toward ignoring the African American community totally. BB&T has demonstrated time and again that they are not a friend to the African American community, said NBCI.

Reverend Anthony Evans, President of NBCI, says “BB&T is getting away with murder in our community.  They are destroying our families, ignoring our businesses and have a program to undermine any Black economic development.  This can easily be understood when you look at the assets of BB&T Bank and the percentage of businesses that they engage in with the Black community.  They have never funded a Black development project over 50 million dollars.  They have foreclosed on more African American homeowners than White homeowners according to our internal statistics.  They are a heartless corporation who hates the Church.  They have foreclosed on hundreds of African American churches throughout the South such as the Higher Ground Employment Center among many others.  We consider BB&T’s banking practices to be racist and that is why we are going after 40% of their profits over the next seven years.  Our campaign will be systematic, hard hitting and without mercy.  But everything we do will be legal and non-violent.”

NBCI is an organization committed to eradicating the disparities so prevalent in the American economy and our current financial landscape and we intend to do something about it. This is why we are asking all of our members to not bank at BB&T, close your BB&T accounts and join the Black Church in this movement.

According to NBCI, “We exhaustively researched BB&T, reviewed online complaints against BB&T, engaged our membership, and reviewed company facts. We were truly dismayed at what we discovered.  While we acknowledge that any company of the size of BB&T will have complaints, we feel that our research indicates that BB&T has a higher than normal percentage of unhappy customers with numerous complaints that are outrageous, particularly within the African American community.”

http://www.consumeraffairs.com/finance/bbt_bank.html 

http://www.complaintsboard.com/bycompany/bbampt-a7979.html 

“BB&T has completely failed the Black community in every respect. They do not sponsor any major African American community events. This is systematic on their part. Ask BB&T to answer the following questions:

What percentage of loans do they give African American businesses?

What percentage of loans do they give Latino businesses?

What percentage of mortgages does BB&T hold in the Black community?

What technical assistance does BB&T offer the Black community?

How many Black developers use BB&T as their primary bank?

“The answer to these questions is little or nothing because African Americans, no matter how well they do economically, are not a focus of their profit margin approach.  Given that the African American community has suffered disproportionately during this mortgage crisis we cannot partner with an organization with so many legitimate complaints of mortgage fraud – it simply goes against the basic teachings of what is morally right and wrong because lying and stealing are against the teachings of the Church. In addition, we will never partner with an organization that systematically targets our community for inappropriate business practices. BB&T simply tolerates us.  BB&T will never make a long term commitment to any Black developer, home owner or business. 

“While we were in the process of completing our research, we analyzed the offers that BB&T made to NBCI in reply to our invitation to form a valuable relationship within the African American community. We consider their offer disrespectful and we are certain that they would not have made the same of $10,000 to a white financial literacy program that represents 15.7 million people.  This is a clear indication that BB&T lacks any commitment to the African American community and does not take either our institutional or consumer power seriously.

“BB&T has shown exactly how banks should not treat minority organizations.  As of right now, we are informing the entirety of our membership plus the balance of our sister churches – 100,000 strong – that BB&T is not a friend of the Black Church.  NBCI has launched a nationwide boycott of BB&T banks and all of its related businesses to spur this giant organization to more fairly address the needs of the minority population and right the wrongs done to the African American community. It is clear that words alone will not work. We need action that impacts the only thing that matters to them more than their racism: money.”

About NBCI

The National Black Church Initiative (NBCI) is a coalition of 34,000 African American and Latino churches working to eradicate racial disparities in healthcare, technology, education, housing, and the environment. NBCI’s mission is to provide critical wellness information to all of its members, congregants, churches and the public. The National Black Church Initiative’s methodology is utilizing faith and sound health science. The National Black Church Initiative’s purpose is to partner with major organizations and officials whose main mission is to reduce racial disparities in the variety of areas cited above. NBCI offers faith-based, out-of-the-box and cutting edge solutions to stubborn economic and social issues. NBCI’s programs are governed by credible statistical analysis, science based strategies and techniques, and methods that work. Visit our website at www.naltblackchurch.com.

Expert cites 5 toxic investment mentalities to avoid

Posted by Admin On November - 14 - 2011 ADD COMMENTS


Olumide Emmanuel, author of “How to Establish Financial Security”

 

San Diego, CA (BlackNews.com) — Every investor has a certain mindset that guides decisions as to where to put their money, why, and when. “Optimally, this ‘investment mentality’ is not concerned with consumption or waste, but rather is focused on how to minimize risk and multiply hard earned dollars,”notes global businessman and wealth creation expert Olumide Emmanuel, author of How to Establish Financial Security. “This mindset is focused on the acquisition of assets over liabilities so that money works for you instead of you working for money.”

It would seem that employing an investment mentality – one that leads to only wise and prudent decision making – would be commonplace. But, the opposite can sometimes be true. Below, Emmanuel offers 5 key toxic investment mentalities to know and avoid at all costs:

1. Nomadic Mentality: The nomadic mentality reflects a kind of vagabond spirit that controls people. Just as nomads do not have a fixed location, people with a nomadic mentality move from job to job, place to place, business to business, and investment to investment without focus or consistency. They lack the staying power and resolve to realize term-based results. Nomadic investors pilfer monetary resources from one vehicle to quickly move on to the next.

2. Consumer Mentality: To always consume without producing is a grave investment error. Many people spend their entire lives consuming everything they can without any investment provisions or savings to secure their financial future. The result of such unrestrained spending is often shame, family strife, financial hardship and even poverty. All too often, those that consume more than they produce find themselves at the bottom rung of the economic ladder.

3. Victim or Entitlement Mentality: This is the mindset of always feeling victimized, marginalized, or that someone owes you something. Giving excuses and shifting blame for losses are trademarks of this investment attitude. Ultimately, no one can make us fail without our permission, so whatever we allow or permit to happen is the result an investor must take ownership of – and learn a lesson from. Those with this mentality often find themselves languishing in the same place without making real progress relative to asset proliferation.

4. Civil Service, Salary, or Wage Mentality: Many don’t realize their full investment potential because they live their entire life expecting their employer benefits, the government, or their salary to make them rich and wealthy. None of these are a source of wealth – they are merely a resource. It is important to move from a salary mentality to an income mentality. Salary, as a result of labor, is fixed and set by someone else. Income, however, can vary over time, is not determined by anyone else, and can come to you even when you do not “work”for it. Income can reflect your true worth, value, and abilities. With a salary, you work for the money. With income, the money works for you.

5. Prosperity or Materialism Mentality: While there is nothing inherently wrong with prosperity, sometimes this investment goal is nothing more than materialism and ego-driven self-centeredness. If your only reason for wanting to be rich and wealthy is so that you can acquire material possessions and establish comfort for yourself alone, then your mindset is fallible. Successful investors must move from prosperity-mindedness to posterity-mindedness such that your wealth will not only positively affect you and your family’s generation, but also serve as a legacy and support for future generations.
“In order to develop an effectual investment mentality that best helps you achieve financial goals and become truly wealthy, it’s important to self-assess and recognize if you have any of these adverse mindsets,”Emmanuel asserts. “If so, ‘detoxify’ and make a concerted effort to shift mental gears to establish a more productive perspective on wealth building. Only then will you have the right frame of mind to acquire real wealth and value in your life, and the lives of those around you.”
About the Expert
Global businessman, inspirational speaker and investment wealth creation expert Olumide Emmanuel is the founder and president of Success, Business and Leadership School (SBLS), a training platform for future leaders and entrepreneurs. Also a bestselling author, Emmanuel has 20 books in print, including How to Establish Financial Security, along with numerous audio CDs and DVDs on entrepreneurship, investment, and business development issues. His venture www.MyRealMission.com is the Web’s leading destination for people to develop their life’s mission and discover their purpose.

New book reveals why traditional financial planning is failing millions of Americans

Posted by Admin On October - 21 - 2011 ADD COMMENTS

 


Alexandria, VA (BlackNews.com) — In his new book, Exiting the Matrix: How Conventional Wisdom is Ruining Your Financial Future, author and financial strategist Brian J. Fischer looks to turn the financial services world upside down. How you might ask? By asking Americans one simple question – if the stock market did not exist, would you ever be able to retire?

The world of personal finance continues to be one in which millions of people grabble with everyday attempting to find out which investment will lead them to their retirement oasis albeit with one simple problem – it does not exist. Wall Street and financial institutions have trapped people in a financial matrix by telling them what they should be doing with their money as opposed to educating them. To this day people believe that the stock market is the best way to make money – a notion and belief brought about by a mass media marketing machine that is revealed in this new book.

“Americans have lost nearly half their money twice in the past 10 years yet they continue to believe that everything will be okay if they just hold on. Meanwhile, Wall Street continues to make billions of dollars off unsuspecting and uneducated investors. All of this continues to happen despite the fact that we have all sat and watched both banks and corporations receive trillions of dollars from the federal government with little relief for the average American. This is just further proof our financial system is broken and our priorities are out of whack,” explains Fischer.

The Federal Reserve System, mounting national debts, television gurus, financial planning and qualified retirement plans (like the 401k) are only some of the topics discussed in the book as contributing to the declining prospect of a true retirement. While Exiting the Matrix seeks to both reveal and dispel the misconceptions at the root of the problems, it takes these issues one step further by offering guaranteed solutions that most people can incorporate into their current financial plans to help get back on track.

Fischer touts two financial vehicles he views as the “scorn of the mass media” as being part of the financial solution to what ails many people but warns that an open mind and change in mindset is required. There’s an old adage that says, “If you keep doing what you’re doing, you’ll keep getting what you’re getting.”

To learn more about the book or to purchase visit: www.exitingthematrix.com or Amazon.com.

ISBN-10: 0-7414-6783-6
ISBN-13: 978-0-7414-6783-6

ABOUT THE AUTHOR:

Brian J. Fischer is president of Fischer Financial Group, a nontraditional financial services firm located in Alexandria, VA. He has worked in the financial services field for nearly a decade and uses unconventional planning strategies in steering individuals towards their financial goals and dreams. His motto is that wealth can be created without risk so you can retire without worry.

Photo: Brian J. Fischer

Inner City Media Corporation reaches agreement on pre-negotiated financial restructuring

Posted by Admin On September - 14 - 2011 2 COMMENTS

New York, NY (BlackNews.com) — Inner City Media Corporation (the “Company”) announced that it has reached an agreement in principle with its senior lenders, pursuant to which the Company will implement a consensual pre-negotiated financial restructuring that will result in a restructured balance sheet.

The agreement provides that the Company and the senior lenders will file a chapter 11 plan of reorganization by mid-October, which is anticipated to, among other things, provide for the payment in full of all allowed administrative and general unsecured claims, subject to confirmatory due diligence by the senior lenders. The Company expects to emerge from bankruptcy protection by the end of 2011 and looks forward to working with the senior lenders in its emergence from bankruptcy.

More information about the reorganization may be found at www.gcginc.com/cases/ICBC.

Black wealth expert shares financial strategies and insight in new book

Posted by Admin On April - 16 - 2011 ADD COMMENTS

“Hope: The New Financial System Emerging After The American Economic Crisis” by Brenda J. Isom shows readers how to recover from the economic crisis and regain their wealth.

Brenda Isom – speaker, author and financial strategist
 
 
San Jose, CA (BlackNews.com) — How do well educated, white-collar, high income, consistent savers and investors go from wealthy to struggling financially? Major financial institutions and corporations received financial bail outs, but with a severe economic downturn, a slow economic recovery, proposed deep budget cuts, higher taxes and inflation looming how does Main Street America recover from devastating loss of their retirement savings and the devaluation of their homes?In her new book entitled Hope: The New Financial System Emerging After The American Economic Crisis, financial strategist and author, Brenda Jackson-Isom, not only answers these questions but also provides solutions to help Main Street America recover financially and regain their wealth. Brenda has been speaking and educating her community about the fall of the dollar and the severe consequences to main street Americans, especially the African American community.
Brenda Jackson-Isom, who has dedicated her life as a solution-strategist, author, professional speaker and financial specialist in an economical market she calls the “second great depression“. Her former position as Senior Manager in charge of Consumer Collections and the Real Estate Default Department at one of the largest credit unions in Silicon Valley, California has made her no stranger to helping people through tough economic times.
Brenda is hard at work sharing strategies to save the wealth of main street Americans, with her online interviews and blog: www.brendaisomspeaks.com, www.brendaisom.com and speaking engagements.
ISBN: 978-0-557-68905-7

Interested ones can order and/or preview the book at www.brendaisombooksstore.com

To arrange a book signing or interview, contact Brenda Jackson-Isom at (408) 799-9384 or brenda.isom@yahoo.com

 

 

 

 

 

State Treasurer’s Office hosts Smart Women Smart Money in Chicago

Posted by Admin On October - 15 - 2010 ADD COMMENTS

 

Conference focused on credit, budgeting and financing higher education

 

Illinois State Treasurer Alexi Giannoulias’ office held a free money management conference Thursday in Chicago geared toward helping women take control of their finances.  

Smart Women Smart Money aims to empower women financially by providing practical advice and real-life examples of how women can budget, save and invest wisely. The 10th annual conference, held at the UIC Forum, featured financial experts who led seminars on credit management, budget basics and paying for college. More than 500 people attended the conference.

 State Treasurer’s Chief of Staff Robin Kelly, who spoke during the conference, said it’s important that women help each other further their professional and financial goals. 

 “I’m a huge advocate for education that’s by women and for women. No offense to the guys, but to be a successful woman, you need to stand on the shoulders of other women,” Kelly said. “It’s something I try to do in my life, empower the women around me to be leaders, to make sure they always have a seat at the executive’s table.”

 Keynote speaker Rosie Rios, United States Treasurer, discussed the importance of financial empowerment for women and shared her secrets for success. In addition, two Chicago businesswomen were recognized for their professional accomplishments and community service.

 Leticia Velez-Hudson received the Woman on the Rise Award for her success as President/CEO of Chicago Mini Bus Travel and for her work with civic organizations such as Mujeres Latinas En Accion and A Safe Haven Foundation.

 Merri Dee, President/CEO of Merri Dee Communications, received the Woman of Excellence Award for a career in broadcasting that spanned four decades and for her work as an advocate for children and education.

 SWSM is presented by Dollars and Sense Inc., a nonprofit organization. Major sponsors include COUNTRY Financial, State Farm and VISA.

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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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