About This Issue: Inside the Oval Office
It was the call I’ve been waiting for my entire career. “Derek, you have your 20 minutes with the president in the Oval Office,†Kevin Lewis, White House director of African American Media, told me.
COLLEGE
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The Homebuyers Toolkit: Money Attitudes and Budgeting
Last weekend I attended The Money Conference for Women in Hartford, CT. A 26-year-old woman stood up and shared how she is more than $60,000 in debt as a result of student loans and credit cards. She makes about $40,000 a year working for a non-profit and one of her immediate goals was to purchase a home. The keynote speaker, Michelle Singletary, a nationally syndicated columnist, told her to pump her breaks and focus on paying off her debt first. Her story is all too familiar. A lot of people want to take on more debt before addressing their current issues.
Joint Statement by President Barack Obama and Russia’s President Dmitry Medvedev on Nuclear Cooperation
The United States of America and the Russian Federation confirm their commitment to strengthening their cooperation to prevent the proliferation of nuclear weapons and stop acts of nuclear terrorism. We...
One Year After the Fall of Lehman
On Sept. 15, 2008, Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection. It was also one year ago today that changed Wall Street, my street, and your street. Lehman’s shares cratered, falling 90%, and the broader market tumbled more than 500 points (almost 5%). It was the biggest single-day drop since the first day of trading after the 2001 terrorist attacks.
Our Choice: To Empower
My family made a choice, publicly, to spend as much money as possible with Black business owners and professionals. We made this decision and make this sacrifice because we believe Black people have too much talent and spend too much money for their community to look the way it does and for its families to suffer the way they do. We urge our community to practice self-help economics.