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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.

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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.



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.

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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.

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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.

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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.

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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

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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.

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From Black Enterprise:

Black Enterprise took the conversation about diversity beyond race and procurement spend this year. Here are our top 40 companies, including whether they rate on the Human Rights Campaign's Best Places to Work list with regard to the LGBT community.

Read more here.

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From The Grio
:

Just by talking to her, you wouldn't know that Vivian Nixon is an ex convict.

Confident, articulate, and now pursuing a Master's Degree in Theology, Nixon seems more likely to have spent time in a church worship hall rather than a prison hall.

But it wasn't always that way.

Continue reading Ex-Inmate Gives Back By Offering Financial Advice to Recently Released Prisoners

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