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Penny-pinching and Prudent

Surely, no one needs to tell you we’re in a crisis. It’s all around you. People are losing homes and jobs as their assets and savings decline in value. This recession is one of the worst in anyone’s memory. In an economy where staying afloat has become a challenge, we wanted to know: How are you doing? To find the answer, we posted a Financial Crisis Survey on blackenterprise.com. The numbers we gathered as part of this exclusive three-month effort tell a powerful story about how African Americans are adjusting to difficult times.

News Roundup

Young adults may have to exercise a bit of creativity when it comes to earning cash this summer, according to a study released by Challenger, Gray, and Christmas Inc. this week.

A Good Time to Break Into Banks?

Bank stocks, anyone? We can hear you shuddering. The financial services industry has easily been this bear market’s most reviled and unloved sector. Some of its former giants are now shrunken, cracked shells of the powers they once were.

Tom Joyner Back on Chicago Radio

Tom Joyner Back on Chicago Radio

To many African Americans, Tom Joyner is the king of black radio. Based in Dallas with a nationally syndicated radio show reaching some 115 markets and eight million listeners across the country, Joyner is unquestionably a radio powerhouse. So when Clear Channel, the San Antonio, TX-based media conglomerate, unceremoniously announced in March that it was replacing The Tom Joyner Morning Show with the nationally syndicated Steve Harvey Morning Show at WVAZ-FM in Chicago, Joyner fans were outraged. After all, Chicago was the first market to ever carry Joyner’s show and WVAZ-FM had aired the show for 13 years. Many Chicagoans see Joyner as a part of the city’s fabric, a part of the family.

A Passion for Giving

Even as companies are restructuring their operations to better manage products and services, they are still committed to charitable giving, but with a slight spin. In fact, the Council on Foundations (www.cof.org), a membership association of more than 2,100 grant making corporations and foundations, defines the “new philanthropy” as much more than a tax deductible check, but a strategic business imperative.

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