In the News: Black Buying Power Expected to Hit $1.1 Trillion by 2015; BLA Fugitive George Wright Captured and More

In the News: Black Buying Power Expected to Hit $1.1 Trillion by 2015; BLA Fugitive George Wright Captured and More

Black buying power set to increase (Image: Thinkstock)

  • Black Buying Power Expected to Reach $1.1 Trillion By 2015

A study spearheaded by Nielsen and the National Newspaper Publishers Association found that African Americans’ buying power is expected to reach $1.1 trillion in 3 years. The State of the African-American Consumer report broke the numbers down into several key categories, from mobile phone usage to trips to the grocery store.

Read more at Bed-Stuy Patch…

  • Amazon’s Kindle Fire Less Than Half the Price of the Apple iPad

Seeking to stake a claim in the tablet computer market alongside Apple and Samsung, on Wednesday revealed plans to begin selling a color touch-screen tablet.

Named the Kindle Fire, the device has a 7-inch touch screen, weighs 14.6 ounces and is outfitted with a dual-core processor. But the most important feature may be the price. At $199 the Fire is less than half the price of the Apple iPad, which starts at $499. It is the first tablet from a major company to seriously undercut the iPad in price.

Read more at the New York Times…

  • Authorities Capture BLA Fugitive George Wright

He had been on the run for four decades. He escaped from prison when Richard Nixon was in the White House, joined the Black Liberation Army in Detroit, hijacked a plane and (in)famously demanded that FBI agents deliver ransom money in bathing suits. And they did.

Now, after a manhunt spanning three continents that often appeared to run cold, the FBI has finally found George Wright.

Read more at CNN…

  • Gospel Singer Jessy Dixon Dies at 73

Jessy Dixon, a gospel singer and songwriter whose career spanned more than fifty years, died Monday. He was 73.

Dixon wrote songs for several popular singers including Randy Crawford, Cher, Diana Ross, Natalie Cole and Amy Grant, opened for Paul Simon, and played keyboard with Earth Wind and Fire. But he was best known for his own gospel singing.

Read more at The Root…

  • Rush Limbaugh Says Herman Cain More Black Than Obama

Fresh off his surprise victory in the Florida Republican Party’s “Presidency 5” straw poll, Herman Cain took a media victory lap Monday.

But one Cain cheerleader offered his support in controversial form.

Conservative radio host Rush Limbaugh said on his radio show Monday that if the former Godfather’s Pizza CEO were to win the Republican nomination, and then go on to be elected president, “Herman Cain could be our first authentically black president.”

Read more at The Grio…