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Money

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GOP derails 'Buffett Rule' taxes on wealthy

theGrio
WASHINGTON (AP) - Senate Republicans derailed a Democratic 'Buffett Rule' bill Monday forcing the nation's top earners to pay at least 30 percent of their income in taxes...
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4/16/2012 - theGrio and CNBC Market Update

Shartia Brantley
VIDEO - Besides the European debt crisis weighing on the markets last week, there were also several reports for investors to analyze...
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Job seeker.

Black people more likely to be jobless in Britain than US

theGrio
A paper presented on Friday at the British Sociological Association's annual conference in Leeds shows that in the last three recessions, unemployment among black British men was up to 19 percentage points higher than among those in America...
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Oprah loses millions in ad sales for 'O' magazine

Chris Witherspoon
theGRIO REPORT - According to a new report, 'O, The Oprah Magazine' is down millions of dollars in advertising sales in comparison to last year...
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Lionel Richie owes $1.1 million in unpaid taxes

theGrio
TODAY - The 62-year-old music legend has a $1.1 million debt to the Feds, according to IRS documents obtained by E! News...
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Saints owner Tom Benson buys Hornets from NBA

theGrio
NEW YORK (AP) - The Saints say the NFL team's owner Tom Benson has bought the New Orleans Hornets from the NBA...
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7 jobs that don't pay as well as we think

theGrio
People who work as doctors, flight attendants and news reporters are not earning the kind of enviable salaries that many think they do...
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4/9/2012 - theGrio and CNBC Market Update

Shartia Brantley
VIDEO - There were several economic reports for investors to sift through last week. The manufacturing sector posted strong growth. New claims for jobless benefits fell and small business optimism improved to a 94.3 reading --its highest reading in a year...
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Banks neglect seized homes in minority areas

theGrio
MSNBC - Banks are doing a much better job maintaining homes seized in foreclosures in predominantly white neighborhoods than in mostly black and Latino neighborhoods...
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CREDIT CARD REFORM.  Under Obama, abusive credit card companies are no longer protected.  With the final set of provisions of the credit card reforms taking effect in 2010, the deceptive “fine print” of credit card agreements is no more.  Credit card users can opt out of certain terms.  Millions of consumers will have more time to pay their monthly bills, avoid retroactive interest rate increases, receive more notice of changes to credit card terms.  Predatory lending costs American borrowers $25 billion each year, and the poor, African-Americans and Latinos are particularly susceptible to fraudulent practices and higher interest rates.

BET joins the prepaid card bandwagon -- beware!

Ryan Mack
OPINION - The prepaid card is one that doesn't help anyone establish credit, costs far too much for those who have limited budgets...
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