From Reuters:

New research finds an appalling 20 to one chasm in net worth between white and black Americans, and an 18 to one gap between whites and Hispanics. The Pew Research Center found that the net worth gap has widened during the Great Recession, mainly because the housing bust disproportionately cut into the wealth of African-Americans and Hispanics.

Read more here.

From Salon.com:

Staggering findings have emerged about the vast extent to which minority households were worse hit by the housing market crash than white households. Now the Department of Justice is preparing a lawsuit against Wells Fargo, the nation's largest home mortgage lender, for "allegedly preying upon African American borrowers during the housing bubble and steering them into high-cost sub-prime loans."

Read the full story here.

The adventures of Mimi aren't all about her life as a wife to actor Nick Cannon and mom to almost three-month-old twins, Moroccan and Monroe. Mariah Carey debuted a new collection of fashion, jewelry, shoes, and fragrances in a two-hour spot on HSN last night, which also showcased the songstress' comic relief.

Matt Cherette at Gawker highlighted some of Carey's best HSN moments, including a bevy of complaints about the horrible pregnancy she had, carrying the twins for forty-seven weeks, and the "math involved" in keeping up with the cameras on set.

"I'm kind of proud of myself. I really am -- sorry, pregnant with twins is different than anything!" she said. "[People] were always saying to me, 'Oh, but it's all worth it!' Yeah, but it's easy to say when you're not the one whose feet are this big!" Her many asides kept the focus more on herself than on the products she designed -- glitzy jewelry and handbags, velour sweatsuits, and strappy metallic heels.

Carey hasn't been seen much in public since she gave birth to twins and we couldn't imagine a more entertaining comeback.

From Daily Finance:

Credit is ever so personal, and ultimately it's your responsibility -- but maybe this time, it's not solely about you. Where you live matters: Your state's creditworthiness can impact you too.

For that reason, CardRatings.com's recently released rankings of the 10 Best and Worst States for Consumer Credit is worth a look-see.

Read the full story here.

From BET:

Rihanna's recent jump to most popular female on Facebook with 41.2 million fans and counting was partly assisted by a viral marketing firm, ViralMS.com. The company revealed to BallerStatus.com that exactly one day before it happened, an unnamed individual bought 100,000 fan "likes" of Rihanna's page for $7,799.

Read the full story here.

From Detroit Free Press:

Six years after her death, the memorabilia collection of civil rights icon Rosa Parks -- medals, papers, even the hat she wore on her historic bus ride -- is in the hands of a New York auction house, its ownership in limbo, with a value once pegged at $10 million.

Her estate, with a cash value of $372,000 at the time of her death, is mostly gone -- eaten up by lawyer's fees.

Read more here.

From Inc.com:

File this under "why I still love Magic Johnson." Legendary NBA star for the Lakers and-what's more germaine to this posting-Michigan State alum, Earvin "Magic" Johnson has announced he has joined a tech start-up VC group, Detroit Venture Partners, and will be infusing millions of his own personal dollars into Detroit-based tech start-ups.

Read the full story here.

First came Oprah's "Million Dollar Wedding," a competition between six couples eager to win a wedding of their dreams. Now, a group of families in Aldergrove, British Columbia are getting their shot at a million bucks in the OWN Network's "Million Dollar Neighbourhood."

The show, which is being billed as a "social experiment reality series," begins filming in August and will feature a group of families working together to increase their collective net worth by 1 million dollars in just three short months. The families will receive in-depth financial advice, complete a series of investment challenges, and win prizes for their achievements.

Four Force Entertainment, the production company behind the show, is known for another town-challenge TV show called "Village on a Diet," in which the northern B.C. town of Taylor went on a health regime for a 10-part CBC series.

From the Huffington Post:

Milton Verret is giving some Austin children a "thrill."

The East Texas man has been using a jacket worn by Michael Jackson in the "Thriller" music video to generate thousands of dollars for children's charities.

Read the full story: The Huffington Post

From Fins:

Rodney C. Adkins oversees 50,000 employees and is responsible for $18 billion in revenue as senior vice president and group executive for systems and technology at IBM, one of the world's largest and most durable technology companies. Adkins, 52, also is one of the most powerful African-Americans in high tech.

Read more here.